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Tag: Biotech and Pharmaceuticals

Judge rejects J&J, Bristol Myers Squibb challenges to Medicare drug-price negotiations

Judge rejects J&J, Bristol Myers Squibb challenges to Medicare drug-price negotiations

April 29, 2024April 29, 2024 · Business

Jonathan Raa | Nurphoto | Getty Images A federal judge in New Jersey on Monday rejected Johnson & Johnson‘s and Bristol Myers Squibb‘s legal challenges to the Biden…

Read more Judge rejects J&J, Bristol Myers Squibb challenges to Medicare drug-price negotiations
Healthy Returns: U.S. drug shortages reach record high, hitting Wegovy, ADHD medications

Healthy Returns: U.S. drug shortages reach record high, hitting Wegovy, ADHD medications

April 16, 2024April 16, 2024 · Business

Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024.  Hollie Adams | Reuters Think a friend or colleague should…

Read more Healthy Returns: U.S. drug shortages reach record high, hitting Wegovy, ADHD medications
50 years of history tell you to buy gold when the Fed cuts rates, says Bernstein

50 years of history tell you to buy gold when the Fed cuts rates, says Bernstein

January 31, 2024January 31, 2024 · Business

It might be time to buy gold. The Federal Reserve is poised to cuts interest rates this year and history shows that’s pushed up precious metal prices, according…

Read more 50 years of history tell you to buy gold when the Fed cuts rates, says Bernstein
Wall Street issues a bullish call on big banks. Here’s what it says about our financial stocks

Wall Street issues a bullish call on big banks. Here’s what it says about our financial stocks

January 30, 2024January 30, 2024 · Banking

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks…

Read more Wall Street issues a bullish call on big banks. Here’s what it says about our financial stocks
AbbVie to acquire neuroscience drugmaker Cerevel Therapeutics for .7 billion

AbbVie to acquire neuroscience drugmaker Cerevel Therapeutics for $8.7 billion

December 7, 2023December 7, 2023 · World News

AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion.  Under the terms of the deal, AbbVie will pay $45 per share for…

Read more AbbVie to acquire neuroscience drugmaker Cerevel Therapeutics for $8.7 billion
Free ChatGPT may incorrectly answer drug questions, study says

Free ChatGPT may incorrectly answer drug questions, study says

December 5, 2023December 5, 2023 · World News

Harun Ozalp | Anadolu | Getty Images The free version of ChatGPT may provide inaccurate or incomplete responses — or no answer at all — to questions related…

Read more Free ChatGPT may incorrectly answer drug questions, study says
Pfizer to discontinue twice-daily weight loss pill due to high rates of adverse side effects

Pfizer to discontinue twice-daily weight loss pill due to high rates of adverse side effects

December 1, 2023December 1, 2023 · World News

Pfizer on Friday said it would stop developing the twice-daily version of its experimental weight loss pill after obese patients taking the drug lost significant weight but had…

Read more Pfizer to discontinue twice-daily weight loss pill due to high rates of adverse side effects
Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says

Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says

November 23, 2023November 23, 2023 · Business

The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg |…

Read more Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says
Mike Johnson elected House speaker, putting Louisiana Republican in the spotlight

Mike Johnson elected House speaker, putting Louisiana Republican in the spotlight

October 25, 2023October 25, 2023 · Business

Representative Mike Johnson, a Republican from Louisiana, left, speaks with Representative Kat Cammack, a Republican from Florida, outside of a House Republican caucus meeting on Capitol Hill in…

Read more Mike Johnson elected House speaker, putting Louisiana Republican in the spotlight
Swiss pharma giant Roche agrees .1 billion deal to buy Telavant Holdings

Swiss pharma giant Roche agrees $7.1 billion deal to buy Telavant Holdings

October 22, 2023October 23, 2023 · World News

A photo showing the logo of Swiss pharmaceutical giant Roche in Basel. SEBASTIEN BOZON | AFP | Getty Images Swiss health care company Roche on Monday announced it…

Read more Swiss pharma giant Roche agrees $7.1 billion deal to buy Telavant Holdings
‘Miracle drug’ euphoria: Experts warn widespread use of weight loss medicine faces major hurdles

‘Miracle drug’ euphoria: Experts warn widespread use of weight loss medicine faces major hurdles

October 14, 2023October 14, 2023 · World News

Two experts see major challenges facing the adoption of new obesity drugs. Dr. Kavita Patel, a physician and NBC News medical contributor, believes fresh data from Novo Nordisk…

Read more ‘Miracle drug’ euphoria: Experts warn widespread use of weight loss medicine faces major hurdles
Novartis unit Sandoz starts trading at 24 Swiss francs after completing spinoff

Novartis unit Sandoz starts trading at 24 Swiss francs after completing spinoff

October 4, 2023October 4, 2023 · World News

Novartis said in August that it plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines. Bloomberg | Bloomberg | Getty…

Read more Novartis unit Sandoz starts trading at 24 Swiss francs after completing spinoff
Federal judge declines to block Medicare drug price negotiations

Federal judge declines to block Medicare drug price negotiations

September 29, 2023September 29, 2023 · Business

A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters A federal…

Read more Federal judge declines to block Medicare drug price negotiations
Here’s a rapid-fire update on all 35 stocks in the Club’s portfolio, including a new buy

Here’s a rapid-fire update on all 35 stocks in the Club’s portfolio, including a new buy

September 21, 2023September 22, 2023 · Banking

Jim Cramer ran through all 35 Club stocks during our September Monthly Meeting on Thursday. Source link

Read more Here’s a rapid-fire update on all 35 stocks in the Club’s portfolio, including a new buy
U.S. will again offer free at-home Covid tests starting Monday

U.S. will again offer free at-home Covid tests starting Monday

September 20, 2023September 20, 2023 · Business

Covid-19 home test kits are pictured in a store window during the Covid-19 pandemic in the Manhattan borough of New York City, Jan. 19, 2022. Carlo Allegri |…

Read more U.S. will again offer free at-home Covid tests starting Monday
New Covid vaccines could reach Americans as soon as Thursday – here’s what you need to know

New Covid vaccines could reach Americans as soon as Thursday – here’s what you need to know

September 13, 2023September 13, 2023 · Business

A nurse prepares doses of the Pfizer vaccine during a COVID-19 vaccination event at Josephine’s Southern Cooking in Chatham, Illinois, Dec. 30, 2021. Brian Cassella | Tribune News…

Read more New Covid vaccines could reach Americans as soon as Thursday – here’s what you need to know
FDA approves updated Covid vaccines from Pfizer and Moderna as hospitalizations rise

FDA approves updated Covid vaccines from Pfizer and Moderna as hospitalizations rise

September 11, 2023September 11, 2023 · World News

A health-care worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, Jan. 26, 2022. Vanessa Leroy…

Read more FDA approves updated Covid vaccines from Pfizer and Moderna as hospitalizations rise
Bet against America’s love for junk food? Morgan Stanley sees tough times ahead for snack stocks like Hostess

Bet against America’s love for junk food? Morgan Stanley sees tough times ahead for snack stocks like Hostess

September 11, 2023September 11, 2023 · Business

J.M. Smucker ‘s plan to buy Twinkies -maker Hostess Brands is a risky move, if Morgan Stanley’s latest research is correct. The firm revisited its August call that…

Read more Bet against America’s love for junk food? Morgan Stanley sees tough times ahead for snack stocks like Hostess
Two 9/11 victims identified more than two decades after World Trade Center attacks

Two 9/11 victims identified more than two decades after World Trade Center attacks

September 8, 2023September 8, 2023 · World News

Smoke pours from the Twin Towers of the World Trade Center after they were hit by two hijacked airliners in a terrorist attack in New York City, Sept.…

Read more Two 9/11 victims identified more than two decades after World Trade Center attacks
Blockbuster weight loss drugs Wegovy and Ozempic are being tested to treat addiction and dementia

Blockbuster weight loss drugs Wegovy and Ozempic are being tested to treat addiction and dementia

September 6, 2023September 6, 2023 · Business

Weight loss drugs are being assessed for their ability to treat conditions like dementia and addiction after a landmark study showed that Wegovy helped reduce the risk of…

Read more Blockbuster weight loss drugs Wegovy and Ozempic are being tested to treat addiction and dementia
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