Health care industry
The big Trump losers: These stocks could have an overhang for a while
Stocks may be in rally mode after former President Donald Trump’s election victory, but not every sector is poised to get a lift. The major averages rallied to new highs Wednesday as NBC News projected a defeat of Trump’s rival, Vice President Kamala Harris . The Dow Jones Industrial Average surged more than 1,300 points, […]
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CVS posts mixed results, holds off on guidance in Joyner’s first earnings report as CEO
A person walks by a CVS Pharmacy store in Manhattan, New York, on Nov. 15, 2021. Andrew Kelly | Reuters CVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner’s first at the helm of the troubled retail drugstore chain. The company […]
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Novo Nordisk quarterly profit meets expectations as Wegovy maker narrows full-year guidance
Jakub Porzycki | Nurphoto | Getty Images Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance. The Danish pharmaceutical giant said that its net profit in the third quarter hit 27.3 billion Danish kroner ($3.92 billion), above an LSEG aggregate estimate of 26.95 billion […]
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Trump says he will give RFK Jr. a major health role if he wins the White House. Here’s what that means for patients, drugmakers
Robert F. Kennedy Jr. and Republican presidential nominee and former U.S. President Donald Trump attend a campaign event sponsored by conservative group Turning Point USA, in Duluth, Georgia, U.S., October 23, 2024. Carlos Barria | Reuters Donald Trump has made one clear promise about who could help take up the government’s health reins if he […]
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Trump says RFK Jr. plan to remove fluoride from public water ‘sounds okay to me’
Robert F. Kennedy Jr. and Republican presidential nominee and former U.S. President Donald Trump attend a campaign event sponsored by conservative group Turning Point USA, in Duluth, Georgia, U.S., October 23, 2024. Carlos Barria | Reuters Former president Donald Trump said Sunday that Robert F. Kennedy Jr.’s proposal to remove fluoride from the U.S. water […]
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Jim Cramer: Abbott stock is ‘dirt cheap’ after a surprising legal win validates our conviction
Abbott Laboratories shares jumped Friday after the Club holding picked up a surprise victory in a trial over the safety of its formula for premature babies. The news Abbott Labs’ specialized formula is not responsible for a young baby boy developing a severe intestinal illness known as necrotizing enterocolitis, or NEC, a jury in Missouri […]
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Healthy Returns: Wegovy may reduce knee pain in patients with a type of arthritis and obesity
The “Wegovy” brand slimming syringe is sold in the Achat pharmacy in Mitte. The “Wegovy” slimming syringe has been available in Germany for a year. Jens Kalaene | Picture Alliance | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. […]
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Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Wall Street is under pressure Thursday, led to the downside by the tech-heavy Nasdaq Composite , which dropped more than 2%. The S & P […]
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Bristol Myers Squibb tops earnings estimates and hikes outlook, helped by Eliquis and new drugs
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Thursday reported third-quarter earnings and revenue that blew past Wall Street’s expectations thanks to its blockbuster blood thinner Eliquis and a portfolio of drugs […]
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