Pfizer swings to quarterly loss due to Paxlovid, Covid vaccine write-offs

The results come two weeks after Pfizer slashed its full-year adjusted earnings and revenue guidance and launched a sweeping $3.5 billion cost-cutting plan.

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Some pharmacy staff from Walgreens, other chains are walking out again — here's what you need to know

The walkouts are the latest pushback against what pharmacy staff claim are harsh and unsafe working conditions that put both employees and patients at risk. 

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We had a busy week of trades in an oversold market. Here's the day-by-day breakdown

This week, we purchased shares in companies that had promising earnings but negative stock reactions or demonstrated positive catalysts.

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Pharmacy staff from Walgreens, CVS say they’re at a breaking point — here’s what their days look like

Workers are concerned that Walgreens and CVS are placing unreasonable demands on them, without providing enough resources to safely execute tasks. 

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Pfizer's combination Covid, flu vaccine will move to final-stage trial after positive data

Pfizer, Moderna and Novavax believe combination shots will simplify the process for people to protect themselves against Covid and the flu.

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Bristol Myers Squibb earnings top estimates even as top-selling drug fights generic competition

Bristol Myers Squibb’s revenue was in line with estimates, but fell slightly from the same period last year due to lower sales of blood cancer drug Revlimid.

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Merck results beat expectations on strong Keytruda sales, surprise Covid drug growth

Merck's revenue and earnings beat expectations, and it hiked its sales forecast while lowering its profit outlook.

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More convenient form of breakthrough Alzheimer's drug Leqembi shows promising results in study

Eisai and Biogen said in a release that they plan to apply for U.S. approval of subcutaneous Leqembi by the end of March.

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RSV vaccine from GSK shows potential to protect adults 50 to 59

The results suggest that GSK's shot could help protect a wider population from RSV, which causes thousands of hospitalizations and deaths each year.

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Amazon considers offering veterinary telehealth as it looks to compete with Walmart

Amazon may join a growing list of retailers that offer pet telehealth as it looks to compete with Walmart and take a slice of the lucrative veterinary market.

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As Ozempic and Wegovy take off, this tech startup just raised $20 million to tackle weight loss with data

Signos, a Silicon Valley startup that's trying to help consumers lose weight, raised $20 million in a funding round led by Cheyenne Ventures and GV.

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Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond — A look at the numbers

Citi notched its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. That view seems conservative. Here's why.

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CVS to pull certain cold medicines containing decongestant phenylephrine from store shelves

CVS is voluntarily removing certain cough and cold medicines that contain phenylephrine as the only active ingredient from stores. 

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Sanofi to offer insulin product for $35 to all Americans through GoodRx

The effort comes after Sanofi, Eli Lilly and Novo Nordisk announced sweeping insulin price cuts earlier this year.

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Pfizer to price Covid drug Paxlovid at $1,390 per course

Paxlovid will transition to the private market in November, which comes as demand for Covid vaccines and treatments slumps nationwide.

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Amazon begins delivering medications by drone in Texas

Amazon Pharmacy announced medications are available by drone delivery for certain customers in Texas

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Johnson & Johnson beats on earnings and hikes outlook as medtech, pharmaceutical sales surge

It marks J&J's first quarterly results since the company completed the separation from its consumer health spinoff Kenvue in August.  

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Rite Aid files for bankruptcy amid slowing sales, opioid litigation

Drugstore chain Rite Aid filed for bankruptcy as it faces a mounting debt pile, slowing sales and lawsuits alleging it oversupplied painkillers.

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When is it OK to violate your cost basis to buy more shares of a company?

Here's how to determine a good buying point when a stock doesn't look ready to come down anytime soon.

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Pfizer slashes full-year earnings and revenue guidance as Covid treatment, vaccine sales slump

Pfizer said it anticipates sales of its Covid treatment Paxlovid and its vaccine will be $9 billion less than it had expected.

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Pharmacy staff from Walgreens, other chains could stage nationwide walkout and rallies in coming weeks

The plans come after separate walkouts staged by pharmacy staff from CVS stores in the Kansas City area and Walgreens locations around the country.

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The U.S. has high maternal mortality rates — and it has gotten worse for Latinas

Nonprofits, health insurers and large employers such as Walmart are investing in support programs to try to reduce financial and emotional costs for Latinas.

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New RSV protections for infants hit cost, insurance hurdles in U.S. rollout

Pfizer's maternal vaccine, Abrysvo, and Sanofi's monoclonal antibody, Beyfortus, were approved for expectant mothers and infants in the U.S. earlier this year.

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Novo Nordisk hikes outlook on soaring demand for Wegovy, Ozempic

Novo Nordisk's forecast only confirms the frenzy for Wegovy and Ozempic, which patients seek for their ability to help them lose significant weight over time.

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UnitedHealth is back and lifting other health-care stocks with it, Jim Cramer says

UnitedHealth's (UNH) quality quarterly results Friday are good sign for the broader health-care landscape, CNBC's Jim Cramer said.

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Here are 3 stocks in our portfolio that Goldman Sachs think will rally on earnings

It's encouraging to see our stocks on the bullish side of Goldman Sachs' new list of 25 tactical trades for earnings season.

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Incoming Walgreens CEO doesn't mention walkouts as he praises pharmacy staff

Growing labor pressure from pharmacy staff is just one of several challenges Tim Wentworth will have on his plate when he starts leading Walgreens.

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Walgreens profit outlook comes up short as demand declines for Covid vaccines and tests

Walgreens has now underperformed Wall Street's adjusted earnings expectations for two straight quarters. 

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Monthly Meeting Q&A with Jim Cramer on everything from tech to health care to industrials

Jim Cramer and Club portfolio director Jeff Marks answered member questions.

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Here's a rapid-fire update on all 36 stocks in our portfolio, including our latest addition

Jim Cramer ran through the names during the Club's October Monthly Meeting on Wednesday.

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Jim Cramer praises Walgreens new CEO pick, says buy the stock 'perhaps aggressively'

Tim Wentworth is the right choice to lead Walgreens (WBA) in its transition to offering more health-care services, CNBC's Jim Cramer said Wednesday.

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Period care brands August, Rael and others form coalition to fight the 'tampon tax,' reimburse consumers

The initiative is the result of a new coalition of period care brands August, Cora, LOLA, The Honey Pot, Rael, Here We Flo, Saalt and DIVA.

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Walgreens names veteran health-care executive Tim Wentworth as next CEO

Wentworth is the former CEO of the nation's largest pharmacy benefits management company, Express Scripts, which was acquired by Cigna in 2018.

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15 stocks with a history of dividend growth are expected to deliver once again this year

Broadcom (AVGO) and Eli Lilly (LLY) are among the 15 Club stocks with a streak of annual dividend growth that Wall Street expects to continue.

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Microsoft announces new AI tools to help doctors deliver better care

Microsoft introduced new solutions in Microsoft Fabric and Azure AI at the HLTH conference.

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How Ozempic and Wegovy turned Novo Nordisk into a $400 billion company

How Ozempic and Wegovy turned Novo Nordisk into a $400 billion company

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Supreme Court declines to hear case challenging FDA authority to reject flavored e-cigarettes

Avail Vapor's case is one of several challenges to the FDA's regulation of the vaping industry, which has hooked a new generation on nicotine in the U.S.

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Cramer says Vertex has a drug that may address the 'largest market opportunity in the world'

CNBC's Jim Cramer said investors keep an eye on Vertex Pharmaceuticals (VRTX) as the company develops a non-opioid pain drug.

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Google announces new generative AI search capabilities for doctors

Google Cloud unveiled new AI search capabilities that will help clinicians quickly access information across different data sources. 

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Novavax's updated Covid vaccine can still catch up to Pfizer, Moderna shots this fall

Novavax's Covid shot is arriving nearly three weeks after new jabs from Pfizer and Moderna reached Americans — but analysts aren't worried about that delay. 

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Kaiser Permanente health workers threaten more strikes if demands not met

More than 75,000 workers are currently on strike in California, Colorado, Washington and Oregon.

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Here are all the portfolio moves the Club made in this week's oversold market

With the stock market deeply oversold, the Club put cash to work by picking stocks across a range of sectors including energy, technology and materials.

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We're booking some profits on this health insurance stock after waiting out its slump

It's taken some patience. But shares of this company finally broke through $500 each in Friday trading, so we're ringing the register.

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'Long colds' could be as common as 'long Covid' — with lasting effects, study says

A U.K. study showed that symptoms of a cold can linger well beyond the main period of illness, suggesting that like long Covid, "long colds" also exist.

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Philips shares fall 8% after U.S. drug regulator deals fresh blow to sleep device recall

Shares of Dutch health tech company Philips fell on Friday after the U.S. drug regulator deemed its handling of a major product recall inadequate.

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Do menopause retreats work — and why are people paying $15,000 for them?

The menopause market will be worth $600 billion by 2025, with more than one billion women reaching perimenopause between now and then.

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Kaiser Permanente workers strike for second day after negotiations fail to reach labor contract

The union coalition has described the work stoppage at Kaiser as the largest health-care worker strike in U.S. history.

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Weight loss drugs may be linked to stomach paralysis, other rare but severe issues, study says

The study comes as Novo Nordisk's Wegovy, Ozempic and similar treatments skyrocket in popularity in the U.S. for causing dramatic weight loss over time.

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Neuralink competitor Precision Neuroscience buys factory to build its brain implants

Precision Neuroscience acquired a manufacturing facility that can produce the key component of its brain implant.

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Lab owner who defrauded Medicare to forfeit $187 million, Ferrari

Lab owner Minal Patel filed nearly $500 million in false claims to Medicare for genetic tests.

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More than 75,000 workers to strike at hundreds of Kaiser Permanente health facilities across U.S.

The Coalition of Kaiser Permanente Unions has described the work stoppage as the largest strike of health-care workers in U.S. history.

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Moderna combination Covid, flu vaccine moves to final stage trial after positive data

Moderna and other vaccine makers like Pfizer believe combination shots will simplify what people can do to protect themselves against Covid, RSV and the flu.

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It's time to get bullish on this health tech name, now that it's shed a drag on growth

Going forward, we expect the underlying fundamentals at a more nimble Danaher to improve.

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Novartis unit Sandoz set to start trading after completing spinoff

Novartis has completed the planned spin-off of its generics and biosimilars business, Sandoz, which will begin trading on the SIX Swiss Exchange on Wednesday.

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FDA authorizes updated Novavax Covid vaccine as Pfizer, Moderna shots roll out in U.S.

Health officials see Novavax's protein-based vaccine as a valuable alternative for people who don't want to take messenger RNA shots from Pfizer and Moderna.

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Drugmakers opt in to Medicare drug price negotiations – here's what happens next

The lengthy negotiation process with Medicare won't end until August 2024, with reduced prices going into effect in January 2026.

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Kaiser Permanente union workers poised to strike after contract expires

The workers' contract with Kaiser Permanente expired Saturday with disagreements still simmering over staffing levels.

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Big Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boom

Kellogg, J.M. Smucker and other food companies are making big bets on snacking, but the rise of Wegovy and Ozempic could pose a threat to future sales growth.

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