Millions will start losing Medicaid coverage as Covid safety net is dismantled

As many as 15 million people stand to lose Medicaid coverage as safety net expansions implemented during the Covid pandemic are dismantled.

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Biden administration appeals Texas court decision striking down free Obamacare coverage of preventive care

The types of preventive services covered under Obamacare can range from screenings for certain types of cancers to HIV prevention drugs.

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Carl Icahn blasts Illumina for nearly doubling CEO’s pay despite steep drop in market value

Activist investor Carl Icahn ramped up his proxy fight against Illumina with a blistering statement.

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Judge strikes down Obamacare coverage of preventive care for cancers, diabetes, HIV and other conditions

Christian businesses sued the government arguing the Obamacare mandate violates their religious freedom because it covers of drugs that prevent HIV infection.

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Illumina urges shareholders to reject Carl Icahn's board nominees as proxy fight heats up

Illumina told shareholders that Carl Icahn's board nominees would "threaten the progress" of the biotech company's core business.

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Dueling court cases in Washington state and Texas could determine legality of abortion pill

A hearing in Spokane place took place Tuesday as a judge in Texas is expected to rule in another case that threatens to pull the abortion pill from the market.

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J&J backs out of RSV vaccine race with rivals Pfizer and GSK

J&J lagged behind rival drugmakers Pfizer and GSK, both of which made major strides toward U.S. approval of their RSV vaccines in the last month.

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Carl Icahn wants to bring back Illumina's ex-CEO 'immediately' as proxy fight intensifies

Icahn said Illumina should bring back former CEO Jay Flatley, saying current management is making the mistake of holding onto the $7.1 billion Grail deal.

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FDA approves over-the-counter sales of lifesaving opioid overdose treatment Narcan nasal spray

The FDA's decision means people will be able to buy the 4mg nasal spray without a prescription in supermarkets, convenience stores and vending machines.

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U.S. baby formula supply is still vulnerable, former FDA official tells lawmakers

A former FDA official underscored dysfunction within the FDA that he believes exacerbated last year's nationwide infant formula shortage.

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Walgreens revenue rises despite sharp decline in demand for Covid tests, vaccines

Walgreens' quarterly results topped Wall Street's expectations, even as profit declined from a year earlier.

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Labcorp to pay $2.1 million to settle allegations it overbilled Defense Department for genetic tests for military members

A former Labcorp employee turned whistleblower sued the diagnostic testing company in 2018 on behalf of the federal government under the False Claims Act.

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BioNTech shares slip on gloomy Covid vaccine sales outlook

The shares initially fell by 6.4% to an intraday low of $119.98 a share before recovering most of those losses in late morning trading.

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Wyoming abortion ban blocked due to Obamacare-era amendment

Abortion is legal in Wyoming again thanks to a state constitutional amendment pushed by conservatives opposed to Obamacare more than a decade ago.

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Carl Icahn claims Illumina directors got extra insurance to close 'disastrous' $7.1 billion Grail deal

Carl Icahn claims Illumina directors demanded extra personal liability insurance before the biotech company signed off on a $7.1 billion acquisition of Grail

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Pfizer's Covid drug Paxlovid may reduce the risk of developing long Covid, study says

People who took Pfizer's antiviral treatment Paxlovid shortly after infection saw a 26% lower risk of long Covid compared with those who didn't, the study said.

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Sanofi, Regeneron shares pop more than 6% after data shows asthma drug Dupixent may also treat COPD

Sanofi and Regeneron unveiled data on their jointly developed drug for a difficult-to-treat chronic lung disorder that analysts say "exceeded expectations."

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FDA advisors reject Biogen's ALS drug for rare and aggressive form of the disease

FDA advisors voted against Biogen's investigational ALS drug, which could become the first to target a genetic cause of the disease.

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Moderna CEO Stephane Bancel defends fivefold price hike of Covid vaccine during Senate grilling

Bernie Sanders pressed Stephane Bancel during the Senate hearing to make a commitment that Moderna will not increase the vaccine's list price to $130.

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Watch live: Moderna CEO Stephane Bancel testifies before Senate on Covid vaccine price hike

The Boston biotech company plans to charge $130 per dose once the vaccination program moves to the private market as early as this fall.

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Potentially deadly fungus Candida auris is spreading at an 'alarming rate,' CDC says

Candida auris was limited to New York City and Chicago, but has since been detected in more than half of U.S. states and has become endemic in some areas.

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If you had Covid before you were vaccinated, you might have less immunity than you think, study says

The study, led by Stanford University researchers, challenges prior studies that suggest a Covid infection enhances a vaccinated individual's immune response.

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Texas judge could invoke 1873 Comstock Act to roll back mail delivery of abortion pill mifepristone

Federal Judge Matthew Kacsmaryk raised the Comstock Act repeatedly in last week's hearing for the case challenging FDA approval of mifepristone.

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Biden signs legislation to declassify certain intelligence on Covid pandemic origins

Biden signed legislation requiring the declassification of information on any possible links between a lab in China and the origins of the Covid-19 pandemic.

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For investors looking for solid ground in an uncertain market, balance sheet is king

Amid ongoing market volatility, investors and analysts are increasingly targeting the stocks of companies with stellar balance sheets.

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FDA staff says Biogen's ALS drug may have a 'clinical benefit' on a rare form of the disease

The FDA staff on Monday said Biogen's investigational ALS drug tofersen may have a "clinical benefit" on a rare and aggressive form of the disease.

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Biotech company Illumina pushes back against Carl Icahn’s proxy fight over $7.1 billion Grail deal

Illumina pushed back against Carl Icahn's proxy fight over the Grail deal, saying it's committed to maximizing shareholder value as it works with regulators.

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Microsoft is using OpenAI to make it easier for doctors to take notes

Microsoft's Nuance subsidiary are rolling out DAX Express, a clinical notes application for healthcare workers.

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Elizabeth Holmes owes over $25 million to Theranos, lawsuit says

According to a lawsuit obtained by CNBC, former Theranos CEO Elizabeth Holmes has missed payments on three promisorry notes and owes Theranos creditors $25 million.

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Abortion pill fight: Read the transcript of Texas court hearing on fate of mifepristone

Judge Matthew Kacsmaryk of the U.S. Northern District of Texas heard oral arguments this week in a case challenging FDA approval of mifepristone.

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WHO calls on China to release data linking Covid origin to raccoon dogs at Wuhan market

The World Health Organization said new data linking the virus to animal samples at China's Wuhan Market provides more clues about the Covid pandemic's origins.

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U.S. judge in Texas will soon rule on the abortion pill mifepristone. Here's what could happen

The judge could order the FDA to withdraw mifepristone. He could also stop short of blocking sales and impose tougher restrictions on distribution instead.

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Sanofi to slash U.S. insulin prices in 2024 after similar cuts by Eli Lilly and Novo Nordisk

The French drugmaker is the last major insulin manufacturer to try to head off government efforts to cap monthly costs by announcing its own steep price cuts. 

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FDA advisors recommend full approval of Pfizer Covid treatment Paxlovid for adults 50 and over and other high-risk people

Paxlovid is recommended for people over 50 or those with medical conditions like high blood pressure or diabetes that place them at a greater risk of Covid.

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Cocaine production is at its highest level on record, UN says

Despite continued efforts by law enforcement to crack down on cocaine use, global demand for the drug has only grown.

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3M fights a growing legal battle over combat-grade earplugs

More than 200,000 military service members and veterans are suing 3M claiming its Combat Arms earplugs failed to protect them.

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Pfizer will have to pay rebates to Medicare for five drugs under Biden plan to lower Rx costs

Five of Pfizer's drugs will cost less for Medicare recipients starting next month as part of President Joe Biden's plan to lower prescription drug cost.

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FDA authorizes Pfizer's Covid omicron booster as fourth shot for kids under 5

The FDA authorized Pfizer's omicron booster shot for kids younger than five who were previously vaccinated with three doses of the company's original shot.  

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Senate Democrats urge Walmart, Costco, Albertsons and Kroger to sell abortion pill mifepristone

The senators urged the companies to get certified with the FDA to sell the abortion pill mifepristone and provide access that is as broad as possible.

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FDA staff report says data shows Pfizer's Covid treatment Paxlovid is effective in high-risk adults

FDA staff said Pfizer's clinical trial results on its Covid antiviral pill Paxlovid support its use in adults at high risk of progressing to severe disease. 

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Citing 'death threats,' Texas judge asked attorneys to keep news of hearing on legality of abortion pill quiet

Federal Judge Matthew Kacsmaryk asked attorneys in a pivotal case over the abortion pill mifepristone to not disclose a key hearing set for Wednesday.

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Biden proposes first national limits on toxic 'forever chemicals' in drinking water

The chemicals, known as or PFAS, have been linked to health problems including certain cancers, liver damage and low birth weight.

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Moderna shares pop 7% after Cowen upgrades stock, saying it 'will be a leader' in RSV vaccines

Moderna shares closed nearly 7% after TD Cowen upgraded the stock, saying the company will "be a leader" in the RSV vaccine market. 

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Veterans' Health will cover Alzheimer's treatment Leqembi for some patients

Veterans with early Alzheimer's who meet certain VHA criteria can get the treatment covered, according to Eisai.

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Pfizer CEO says it will be able to deliver Seagen's cancer therapy at a scale not seen before with $43 billion deal

Pfizer CEO Albert Bourla said it will deliver Seagen's cancer therapy to the world at a scale that hasn't been seen before with its $43 billion acquisition. 

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Neuralink competitor Science launches new platform to accelerate medical device innovation

The biotechnology startup Science on Monday launched a new platform that aims to make it easier for other companies to develop medical devices. 

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North Carolina lawmakers intervene to defend abortion pill restrictions in case testing FDA power

A North Carolina physician sued the state in January to block its restrictions on mifepristone because they go beyond FDA regulations.

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House votes unanimously to declassify intelligence on origins of Covid pandemic, sending bill to Biden

The effort by Congress to declassify intel comes after the Energy Department concluded with "low confidence" the the virus most likely escaped from a lab.

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Biden budget would cap monthly insulin prices at $35 for people with private insurance

About 40% of people with diabetes have private insurance while 5% are not insured, according to the American Diabetes Association.

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California will not renew $54 million contract with Walgreens over abortion pill policy

Gov. Gavin Newsom said California will "leverage our market power to defend the right to choose" as the state chose not to renew the contract with Walgreens.

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Eli Lilly Alzheimer's treatment solanezumab failed to slow disease progression

Solanezumab's failure is a blow to efforts to treat Alzheimer's in people who have not yet shown clinical symptoms.

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WeightWatchers stock surges 70% after company agrees to buy obesity treatment platform

WeightWatchers has agreed to acquire telehealth obesity treatment company Sequence.

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Republican states say the FDA doesn't have the authority to override state abortion pill bans

The Republicans argued that FDA approval of a drug does not give the manufacturer an unconditional right to the sell the medication at all times.

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When quality stocks go on sale in a rough market, we like to go shopping. Here's our latest buy

After keeping our powder dry since the end of February, we're making one small buy into weakness Tuesday.

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Best Buy will set up in-home hospital care through a new deal with Atrium Health

The retailer is expanding its health-care business as sales of other consumer electronics slow.

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California governor says state won't do business with Walgreens over position on abortion pill

Newsom's statement comes after Walgreens said it would not sell the abortion pill in 21 states due to legal restrictions.

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Marlboro maker Altria agrees to buy e-cigarette startup NJOY for nearly $2.8 billion

Altria's deal to buy NJOY comes after the Marlboro maker exited its position in Juul Labs.

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A Stanford doctor who studied people who live to 110 on how humanity and AI will master aging

BioAge is developing treatments to extend healthy lifespan by targeting molecular causes of aging. Its CEO Kristen Fortney started by studying the super-old.

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FDA advisors recommend GSK's RSV vaccine for older adults, but flag potential safety risks

A majority of the FDA panel said GSK's vaccine safety data was adequate, and the advisors were unanimous that the shot's efficacy was good.

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Lilly to cut insulin prices by 70%, cap prices at $35 per month for people with private insurance

The announcement comes amid growing federal pressure to lower the cost of insulin prices.

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Here's why American men die younger than women on average and how to fix it

American women, on average, lived to age 79 in 2021, while men lived to about 73, according to CDC data.

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