The FDA has used separate emergency powers to authorize the Pfizer, Moderna, Johnson & Johnson and Novavax vaccines.
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Tuesday, 31 January 2023
Jim Cramer's Investing Club meeting Tuesday: Caterpillar, J&J, Humana
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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The Covid pandemic drives Pfizer's 2022 revenue to a record $100 billion
Sales of Paxlovid surged to $18.9 billion in 2022 which was the first full-year that the antiviral pill was available.
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Pfizer expects 2023 sales to decline by as much as 33% compared with record-breaking 2022
The pharmaceutical company booked $100.3 billion for full-year 2022, an all-time high.
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Monday, 30 January 2023
Biden administration plans to end Covid public health emergency on May 11
The Trump administration first issued the Covid emergency declarations in 2020.
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Obamacare enrollment to open this spring for people losing Medicaid after pandemic protections end
Millions of people could lose Medicaid this year as pandemic-era coverage protections come to an end.
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Long Covid has an ‘underappreciated’ role in labor shortage, study finds
Long Covid has kept some people out of work for over a year, a new report finds, offering yet more evidence of the illness' labor impact.
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WHO says Covid remains a global emergency but pandemic could near its end in 2023
The WHO chief has previously said the end of the pandemic is in sight.
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Friday, 27 January 2023
CDC urges people with weak immune systems to take extra precautions after Covid subvariants knock out Evusheld
Evusheld was a key antibody treatment taken by people with weak immune systems as an added layer of protection.
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FDA proposal would allow gay men in monogamous relationships to donate blood
The FDA said the policy would shift to an individual assessment that evaluates an individual's risk regardless of gender sexual orientation.
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Thursday, 26 January 2023
FDA withdraws Covid antibody treatment Evusheld because it's not effective against 93% of subvariants
Many take Evusheld as an additional layer of protection because the vaccines do not trigger a strong immune response for them.
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FDA advisors recommend replacing original Covid vaccine with bivalent omicron shots for all doses
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Jim Cramer's Investing Club meeting Thursday: Stocks rise, Eli Lilly, Meta
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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How AI is detecting heart attack risk and aiming to outsmart America’s No. 1 killer
The AI-based health startup backed by Peter Thiel and Novartis can diagnose heart attack risk in under two hours.
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Wednesday, 25 January 2023
China's Covid wave drives up consumer interest in insurance after health system shortfalls
More than 60% of non-policyholders now plan to buy health insurance, according to an Oliver Wyman survey of Chinese consumers in December.
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Precision Neuroscience, co-founded by Neuralink alum, is creating a brain implant thinner than a human hair
Precision Neuroscience announced a $41 million Series B funding round Wednesday, bringing its total to $53 million in under two years.
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Omicron booster shots provide some protection against mild illness from Covid XBB subvariants, CDC says
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Abortion pill manufacturer GenBioPro sues West Virginia, argues FDA rules pre-empt state ban
GenBioPro argues that FDA regulations on the abortion pill pre-empt West Virginia's state law that basically bans the medication.
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Tuesday, 24 January 2023
FDA proposes new lead limits for baby food to reduce potential risks to children’s health
Lead exposure can impair brain development and the nervous system, resulting in learning disabilities, lower IQ and behavioral difficulties.
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Danaher's stock drop looks like a buying opportunity after it reported a solid quarter
We attribute Tuesday's 3% decline in DHR to management already preannouncing and shares making a large move into the print.
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Jim Cramer's Investing Club meeting Tuesday: J&J, Danaher, AMD
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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The FDA's power to approve drugs faces sweeping challenge in lawsuit seeking to pull abortion pill from U.S. market
If the lawsuit prevails, women across the U.S. would lose access to the most common abortion method. The FDA's powers to approve drugs would also be weakened.
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Amazon adds generic prescription perk for Prime members
The add-on, called RxPass, will allow Prime members to get as many drugs as they need from a list of 50 generic medications used to treat common conditions.
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Monday, 23 January 2023
FDA says Covid vaccines will probably get an annual update but most people will likely need only one shot
The agency said the shots will probably get an annual update, but most people will need only one shot moving forward.
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Saturday, 21 January 2023
What diabetes is teaching us about the benefits and risks of personal medicine connected to the internet
Personal medical devices for conditions such as diabetes and sleep apnea are connecting to the internet, introducing privacy, hacking and health risks.
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Friday, 20 January 2023
Supreme Court justices were questioned in probe of abortion ruling leak, investigator says
A Supreme Court draft opinion was leaked weeks before the court overturned the federal right to abortion. The source of that leak has not been identified.
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Philip Esformes, whose prison sentence Trump commuted, loses appeal and faces retrial on health-care fraud charges
Donald Trump, while president, commuted the sentence of Florida nursing home operator Philip Esformes. The DOJ plans to retry him on deadlocked fraud counts.
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FTC asks judge to hold 'pharma bro' Martin Shkreli in contempt of court for forming new drug firm
Martin Shkreli, who was released from prison last year, had been banned "for life" from the drug business as a result of an FTC lawsuit.
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Trending billionaire and celebrity GLP-1 weight loss drugs are about to enter more American homes
Online health startup Ro is getting into weight loss medicine, offering patients the trending obesity and diabetes GLP-1 class of drugs and real-time tracking.
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One of the UK's largest unions announces 10 more days of strikes
One of the U.K.'s largest unions on Friday announced 10 further days of industrial action over the coming weeks, as a standoff between the government and ambulance workers intensifies.
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Thursday, 19 January 2023
China's reopening 'good news' for growth — but could be inflationary, economists warn at Davos
China's decision to welcome tourists again as well as to make it easier for those in the country to travel abroad has been one of the most discussed topics at the World Economic Forum.
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Supreme Court probe fails to find who leaked abortion ruling
The Supreme Court since last year has tried to identify who leaked a ruling overturning Roe v. Wade, which established a right to abortion.
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Top pharma CEO says Covid likely to become endemic, urges investment in pandemic preparedness
Novartis CEO Vas Narasimhan made clear that world leaders must learn from the coronavirus crisis to be in a better place for future pandemics.
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Tuesday, 17 January 2023
Where are the safest places to travel in 2023? It depends on how you define 'safe'
New reports show the "safest" travel destinations vary by whether crime, terrorism, quality of medical care or people's perceptions are analyzed.
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Moderna says RSV vaccine is 84% effective at preventing disease in older adults
RSV infections kill between 6,000 and 10,000 older adults every year and result in 60,000 to 120,000 hospitalizations, according to the CDC.
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Monday, 16 January 2023
China should set aside politics and look at Covid jab imports, world's largest vaccine maker says
Adar Poonawalla, chief executive of the world's largest vaccine manufacturer, said China needs to "open... up to healthcare and vaccines from the West."
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OECD chief says China’s reopening ‘overwhelmingly positive’ to help tackle global inflation crisis
OECD Secretary-General Mathias Cormann on Monday said China's reopening is "overwhelmingly positive" in the global fight to tackle surging inflation.
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Friday, 13 January 2023
CDC says it’s ‘very unlikely’ Pfizer booster carries stroke risk for seniors after launching review
The CDC said one of its monitoring systems detected a preliminary safety signal for stroke in people ages 65 and older who received the Pfizer omicron booster.
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U.S. uninsured rate fell during Covid pandemic as Medicaid and Obamacare coverage grew
In the first quarter of 2022, the uninsured rate dropped to an all-time low of 8%, according to the report.
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Thursday, 12 January 2023
Why Singapore isn't imposing new travel rules on visitors from China
Singapore's government cites statistics to show why new rules for Chinese travelers won't necessarily make Singapore safer from Covid-19 right now.
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Nearly 250,000 kindergarteners in U.S. are vulnerable to measles due to slide in vaccination rates, CDC says
CDC officials said disruptions to schools and health-care during the Covid pandemic is largely responsible for the decline in vaccination rates.
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Chinese hospital says half of its staff got Covid
About half of the nearly 2,000 workers at the Beijing Hospital of Traditional Chinese Medicine got Covid-19, director Liu Qingquan said Wednesday.
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Wednesday, 11 January 2023
Alphabet to cut staff of health sciences unit Verily by 15%
It's the first known layoff to hit the Google parent company in the current tech downturn.
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Omicron XBB.1.5 does not have mutations known to make people sicker, WHO says
The WHO said omicron XBB.1.5 does not have any mutations known to make people sicker, but added that it needs more data to draw conclusions about its severity.
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Biden administration extends Covid public health emergency as highly infectious omicron XBB.1.5 spreads
The public health emergency extension occurs amid concern that the nation may face another wave of hospitalizations from the disease this winter.
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Tuesday, 10 January 2023
2 of our stocks get nice pops. Here's the news and what we think
As Wall Street on Tuesday attempted to hold onto recent gains, we received updates on Danaher (DHR) and Constellation Brands (STZ).
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Sen. Bernie Sanders urges Moderna not to hike price of Covid-19 vaccines
Sanders, the incoming chair of the Senate health committee, called the price increase "outrageous" in a letter to Moderna CEO Stephane Bancel.
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Jim Cramer's Investing Club meeting Tuesday: Microsoft, health care, Emerson Electric
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Monday, 9 January 2023
Mainland Chinese citizens are eager to travel — for the West's mRNA Covid vaccines
Mainland China has reopened its borders, and citizens eager to travel are booking not just flight tickets, but also vaccination appointments.
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Most Alzheimer’s patients would pay up to $26,500 per year for new treatment Leqembi
Most seniors who are eligible for the treatment will have to pay for it out of pocket because Medicare has limited coverage to people participating in studies.
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Successfully applying for Social Security disability is difficult. Applying as a long Covid patient is even trickier
Even as long Covid puts millions of Americans out of work, proving the condition may be a high hurdle for Social Security disability benefits.
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UK PM Sunak seeks ‘constructive’ union talks as government readies contentious anti-strike laws
Tens of thousands of workers have walked out across industries in recent months to demand better working conditions and pay raises in line with inflation.
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Sunday, 8 January 2023
How health insurance may have made health care more expensive
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Friday, 6 January 2023
FDA approves Alzheimer's drug that slowed cognitive decline in clinical trial
The FDA's decision comes after clinical trial results indicated that lecanemab slows cognitive decline somewhat in people with mild impairment from Alzheimer's.
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Omicron XBB.1.5 is rising in U.S. though revised CDC data shows slower increase than previously reported
XBB.1.5 made up 27.6% of sequenced Covid cases nationally for the week ending Jan. 7 compared to 18.3% for the week end Dec. 31.
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Biden proposes tougher limits on deadly soot pollution
The EPA proposal on to limit soot pollution is the latest action by the Biden administration to better address environmental justice and air pollution.
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BioNTech says it will start cancer vaccine trials in the UK from September
The company aims to test 10,000 personalized mRNA therapies, including cancer vaccines, between September 2023 to the end of the decade.
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Thursday, 5 January 2023
China's big cities are starting to look past Covid, while rural areas brace for infections
China will likely be able to live with Covid-19 by the end of March, based on how quickly people have returned to the streets, according to Macquarie.
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South Carolina Supreme Court overturns state 6-week abortion ban as unconstitutional
The ruling by South Carolina's highest court comes more than six months after the U.S. Supreme Court voided the federal right to abortion.
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Jim Cramer's Investing Club meeting Thursday: Avoid expensive stocks in this market
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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CVS and Walgreens plan to sell abortion pill mifepristone at pharmacies after FDA rule change
Mifepristone has become a central flashpoint in the political battle over abortion at the state level in the wake of the Supreme Court overturning Roe v. Wade.
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EU recommends travelers from China to take a Covid test before entering Europe
European nations agreed to recommend imposing new restrictions on travelers from China amid fears of an increase in Covid cases.
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Wednesday, 4 January 2023
XBB.1.5 omicron subvariant is the most transmissible version of Covid yet, WHO says
The WHO does not have any data yet on the severity of XBB.1.5, but there's no indication it makes people sicker than previous subvariants, top official said.
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Tuesday, 3 January 2023
We're buying the dip in a health insurance stock that jumped in 2022
Tuesday's buy puts some of our approximately 10% cash position to work.
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