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Walgreens (WBA) earnings Q1 2024
Shares of Walgreens closed 5% lower on Thursday after the company reported fiscal first-quarter adjusted earnings and revenue that topped expectations, but cut its quarterly dividend nearly in half. The retail pharmacy giant slashed its dividend to 25 cents per share from 48 cents per share to “strengthen [its] long-term balance sheet and cash position,” CEO…
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Health sector themes to watch in 2024
An employee works on the production line of pharmaceutical company Zentiva in Prague, Czech Republic, May 6, 2021. David W. Cerny | Reuters The health-care sector has wiped out much of its losses for the year during the December market rally. Beaten-down biotech and medical device makers have seen the biggest rebound this month, and…
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Gene therapy breakthrough restores hearing in some deaf children
Gene therapy has successfully restored hearing in some children born with inherited deafness, health officials say. A study in China and another at the Children’s Hospital of Philadelphia documented significant improvements in hearing in treated children. Cochlear implants are commonly used for children with hereditary deafness, but gene therapy offers a potential treatment. Gene therapy…
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What you need to know about Covid as new variant rises
Hospital admissions have risen since the summer and a new variant is spreading. Should we be concerned?
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Should we be worried about Covid this winter?
Experts are not too concerned about a new variant of Covid but say monitoring should continue.
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Bristol Myers Squibb to buy Karuna Therapeutics
Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock closed up more than 47% on the news Friday, hitting $317.85 a share. Bristol Myers Squibb shares closed up 2%. The deal will help expand Bristol Myers’ drug pipeline after…