‘The capitulation model for biotech is a Category 5 storm, the same as energy in 2020’ — why contrarians say the sector is a buy

If you want to know how much investors hate the biotech sector right now, consider this simple statistic: More than 25% of small biotech companies have stock-market capitalizations that are smaller th...

World Health Organization confirms 80 cases of monkeypox with outbreaks in 11 countries

This 2003 electron microscope image made available by the Centers for Disease Control and Prevention shows mature, oval-shaped monkeypox virions, left, and spherical immature virions, right, obtained ...

Tesla Loses Top Spot in Cathie Wood’s Flagship Fund. Roku Is the New No. 1.

Cathie Wood, founder of ARK Invest, speaks during the Milken Institute Global Conference in California. Patrick T. Fallon/AFP/Getty Images Text size ARK Invest founder Cathie Wood is a long-time Tesla...

CDC urges older Americans to get booster shots as hospitalizations soar

Shana Alesi administers a second COVID-19 booster shot to Army veteran Robert Hall at Edward Hines Jr. VA Hospital on April 01, 2022 in Hines, Illinois. Scott Olson | Getty Images The Centers for Dise...

Dr. Scott Gottlieb says rising monkeypox cases suggest it’s spread ‘pretty wide’

The rising number of monkeypox cases in the U.S. and Europe suggest the virus has already spread widely across communities, but it won’t likely cause a major epidemic like Covid, Pfizer board me...

Monkeypox virus case confirmed in Massachusetts

Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Fu...

CDC panel recommends Pfizer booster for children ages 5 to 11

The Centers for Disease Control and Prevention’s independent vaccine experts recommended a Pfizer Covid booster shot for children ages 5 to 11 on Thursday, as infections rise across the country ...

‘A dereliction of duty:’ U.S. lawmakers grill FDA commissioner over baby formula shortage 

Robert Califf testifies during the Senate Health, Education, Labor and Pensions Committee hearing on the nomination to be commissioner of the Food and Drug Administration on Tuesday, Dec. 14, 2021. Bi...

The Key Ingredients Shaping The Future Of Food Part 2

TULARE, CA – FEBRUARY 12: A Quantix drone made by AeroVironment (Photo by David McNew/Getty Images) Getty Images The convergence of revolutionary technologies — chemicals, materials, life scienc...

CDC probing 180 cases of kids with acute hepatitis of unknown cause

The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters The Centers for Disease Control and Prevention is now investigating 180 cases of children...

Cathie Wood Watch: Ark Buys International-E-Commerce, Biotech Stocks

Renowned investor Cathie Wood, chief executive of Ark Investment Management, bought shares of a biotech and a technology company focused on enabling international e-commerce. She also sold four compan...

Senate panel investigates Abbott tax practices after contamination shut down baby formula plant

The Senate Finance Committee on Wednesday opened an investigation into Abbott Labs, the company at the center of a baby formula shortage in the U.S. Committee Chairman Sen. Ron Wyden, D-Ore., sent a l...

U.S. faces unnecessary deaths if Congress fails to pass funding bill

Top U.S. health officials on Wednesday reiterated their calls for Congress to pass funding for the nation’s fight against Covid-19, warning that failure to act now would result in an unnecessary...

Martin Shkreli released from federal prison into halfway house

Former pharmaceutical executive Martin Shkreli departs the U.S. District Court for the Eastern District of New York, August 3, 2017 in the Brooklyn borough of New York City. Getty Images Notorious ...

House Democrats to hold hearings, introduce legislation

House Democrats will hold hearings on the baby formula shortage in the U.S., and move to pass legislation to increase Food and Drug Administration inspection staff to ensure that imported products are...

FDA authorizes Pfizer Covid booster dose for kids ages 5 to 11 years old

The Food and Drug Administration on Tuesday authorized a third shot of Pfizer‘s Covid vaccine for children ages 5 to 11 at least five months after their two-dose primary series. Dr. Peter Marks,...

WHO calls for probe into Russia attacks on Ukraine health facilities

CHERNIHIV, UKRAINE – MAY 09: A healthcare professional searches for medicines and medical equipment in a destroyed hospital as Russian attacks continue in Chernihiv, Ukraine on May 09, 2022. Pat...

Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup

OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the bigge...

Novavax confident Covid vaccine will receive FDA authorization in June after delays

Novavax is confident its Covid-19 vaccine will receive the endorsement of the Food and Drug Administration’s advisory committee early this summer, executives said this week. The FDA committee is...

U.S. to boost baby formula imports to ease shortage after Abbott Nutrition recall

Baby formula is offered for sale at a big box store on January 13, 2022 in Chicago, Illinois. Scott Olson | Getty Images The U.S. will increase baby formula imports as part of an effort to ease a nati...

NIH licenses key Covid vaccine technology to WHO so other countries can develop shots

President Joe Biden on Thursday said the U.S. has licensed a key technology used in the current Covid-19 vaccines to the World Health Organization, which would allow manufacturers around the world to ...

WHO says omicron BA.4 and BA.5 subvariants have spread to over a dozen countries

coronavirus impact business and economy Mf3d | E+ | Getty Images Omicron subvariants BA.4 and BA.5 have been detected in more than a dozen countries, helping fuel sporadic Covid outbreaks across the w...

J&J names Thibaut Mongon as CEO of spin-off consumer health company

Signage is displayed outside of Johnson & Johnson headquarters in New Brunswick, New Jersey, Aug. 1, 2020. Mark Kauzlarich | Bloomberg | Getty Images Johnson & Johnson on Wednesday announced t...

U.S. gun homicides reached highest level in 25 years during Covid pandemic, CDC says

Gun homicides in the U.S. reached their highest level in more than 25 years during the Covid-19 pandemic, according to the Centers for Disease Control and Prevention. Homicides from guns rose 35% duri...

Oklahoma clinic will shut down if Supreme Court ends Roe v. Wade

A surgical tech and recovery room staff member, walk a patient from Texas to the recovery room following her abortion at the Trust Women clinic in Oklahoma City, U.S., December 6, 2021. Evelyn Hockste...

Novavax posts first quarterly profit, but misses expectations

Shares of Novavax Inc. dropped more than 6% in the extended session Monday after the biotech company reported its first profitable quarter, but not by as much as Wall Street expected, and its sales we...

Covid Novavax (NVAX) Q1 2022 earnings

Rafael Henrique | LightRocket | Getty Images Novavax on Monday reported its first profitable quarter as its Covid vaccine rolls out across several countries around the world, though the company still ...

U.S. will limit Covid vaccines to high-risk people this fall if Congress doesn’t approve more funding

The U.S. will have to limit the next generation of Covid vaccines this fall to individuals at the highest risk of getting seriously sick from the virus if Congress fails to approve funding to purchase...

BioNTech Earnings Top Forecasts on Strong Sales of Covid-19 Vaccine

Text size BioNTech is continuing to work with Pfizer on follow-on Covid-19 vaccines. (Photo by THOMAS LOHNES/AFP via Getty Images) BioNTech , the German biotech company, reported first-quarter earning...

Disney, Occidental, Rivian, Palantir, BioNTech, and Other Stocks to Watch This Week

Text size We’re past the peak of first-quarter earnings season, but with several notable companies still left to report next week. The economic-data highlights of the week will be a pair of inflation ...

Disney, Occidental, Rivian, Palantir, BioNTech, and Other Stocks for Investors to Watch This Week

Text size We’re past the peak of first-quarter earnings season, but with several notable companies still left to report next week. The economic-data highlights of the week will be a pair of inflation ...

Big Pharma Has Enough Cash to Buy All of Biotech. Why M&A Isn’t Happening.

Text size Late last year, Barron’s predicted a wave of deals, citing biotech companies’ cash holdings. Above, the plates used to print one-dollar bills. Alex Wong/Getty Images With biotech...