Text size Dreamstime The generic drugmaker Endo International , which faces thousands of lawsuits related to its alleged role in the opioid crisis, filed for bankruptcy late Tuesday morning, while ann...
Tag: Healthcare
J&J Unit Tells Appeals Court Only Bankruptcy Can Settle Talc Claims
A Johnson & Johnson subsidiary urged a federal appeals court to uphold the controversial legal strategy it used to move to bankruptcy roughly 38,000 lawsuits linking its talc-based products to can...
Endo International Files for Bankruptcy to Weather Opioid Lawsuits
Endo International PLC became the latest pharmaceutical company to file for bankruptcy under the weight of lawsuits alleging it played a role in fueling the opioid crisis. The drugmaker, domiciled in ...
Walmart, Target, Cisco, Deere, Housing Data, and Other Things for Investors to Watch This Week
Text size Earnings season continues next week in what will be an action-packed stretch for retail stocks. Walmart and Home Depot report results on Tuesday, followed by Bath & Body Works , Lowe’s, ...
The Big Winners—and Losers —in the Inflation Bill
Senate Majority Leader Chuck Schumer (D-NY) helped shepherd the Inflation Reduction Act through the Senate after earlier bills died. Drew Angerer/Getty Images Text size The House won’t take up Democra...
Rivian, Illumina, Toast, and More Stock Market Movers Friday
Text size Rivian, the maker of electric trucks, maintained its production estimates for the full year. Courtesy Rivian Stock futures rose Friday amid more signs that inflation in the U.S. has been coo...
GE Is Worth More in Pieces. Wall Street’s Math Shows Why.
Text size GE management is breaking up the company. Luke Sharrett/Bloomberg General Electric will soon be breaking into three parts, so Wall Street is starting to value the company on a sum-of-the par...
Health And Wellness Disruption Gets Personal
This story appears in the August/September 2022 issue of Forbes Magazine. Subscribe Amazon Acquires One Medical (Photo by Smith Collection/Gado/Getty Images) Getty Images With Amazon’s $3.9 billion ac...
Novavax slashes sales guidance in half, stock plunges 34%
Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more than 30% in after-hours trading. Novavax NVAX, -5.01% n...
GoodRx stock rockets after earnings as company says snag with large grocer has been resolved
Shares of GoodRx Holdings Inc. were popping more than 30% in after-hours trading Monday after the company, which offers services for people looking to compare prescription drug prices, topped expectat...
What Stocks Are Moving Monday? Tesla, Palantir, First Solar and More.
Text size Tesla shares rise early Monday. (Photo by Justin Sullivan/Getty Images) Stock futures were trading higher Monday with investors assessing how aggressive the Federal Reserve will be in its ef...
Disney, Coinbase, BioNTech, Rivian, and Other Stocks to Watch This Week
Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tys...
Disney, Coinbase, BioNTech, Rivian, and Other Stocks for Investors to Watch This Week
Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tys...
Senate Approves $430 Billion Climate And Healthcare Bill
Topline Senate Democrats voted Sunday to pass the landmark Inflation Reduction Act, approving the landmark $430 billion climate, tax and healthcare bill after months of negotiations that ended in a ma...
The Math Behind GE’s Breakup. It’s a Sum-of-the-Parts Party.
Once the mightiest of industrial conglomerates, General Electric is breaking into three pieces and it is time to value each of the businesses. That means doing a sum-of-the-parts, or SOTP, valuation. ...
Pfizer in Advanced Talks to Buy Global Blood Therapeutics for About $5 Billion
Pfizer is in advanced talks to buy Global Blood Therapeutics the maker of a recently approved drug for sickle-cell disease, for about $5 billion, in the latest move by the drug giant to bolster its po...
Promising Use Cases Of Blockchain In Healthcare
Blockchain is a digital ledger, a database that streamlines the tracking of assets and the recording of transactions inside a certain network. It is important to know that assets traded could be mater...
Senate Democrats just proposed $21 billion in new COVID-19 funding — here are 3 healthcare stocks that could stand to gain
Senate Democrats just proposed $21 billion in new COVID-19 funding — here are 3 healthcare stocks that could stand to gain The healthcare sector received a lot of investor attention during the early d...
Moderna CEO: No ‘Crazy’ Deals. We’re Giving Cash to Shareholders.
Text size Moderna CEO Stephane Bancel says his company will keep returning cash to investors until it finds a better way of creating value. Jason Alden/Bloomberg Moderna ’s CEO is feeling no pressure ...
Moderna’s Earnings Are Wednesday. Here’s What to Expect.
Text size Moderna is developing two vaccines for the fall, one for the U.S. and the other for international markets. Sean Gallup/Getty Images As the U.S. prepares for a broad Covid-19 booster campaign...
3 Healthcare Stocks With 3%+ Dividend Yields
The U.S. healthcare sector is attractive for long-term investors because the industry is set to benefit from a major growth tailwind — the aging population. The U.S. is an aging country with a v...
Opinion: Why the Inflation Reduction Act is a very big deal for Americans
NEW YORK—Senate Democrats’ compromise bill, the Inflation Reduction Act (IRA) of 2022, addresses not just inflation but also several key longstanding problems facing our economy and society. There is ...