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August 18, 2022

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U.S. approves sale of over-the-counter hearing aids

Reuters
Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 16 (Reuters) – The Food and Drug Administration on Tuesday approved the sale of over-the-counter hearing aids,......

Philips parts ways with CEO in midst of massive recall

Reuters
Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Dutch health technology company Philips (PHG.AS) on Tuesday unexpectedly announced the imminent departure......

UPS to buy Italy’s Bomi Group as it eyes cold-chain expansion

Reuters
United Parcel Service (UPS) vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 7 (Reuters) – United Parcel Service Inc said on Monday it would buy Italy-based healthcare-logistics firm Bomi Group to......

CVS Health plans to buy Signify Health, WSJ reports

Reuters
CVS Health logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 7 (Reuters) – CVS Health Corp is planning to buy Signify Health Inc as it looks to expand in home-health services, the Wall Street......

Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker

Reuters
Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) will acquire iRobot Corp (IRBT.O), maker of robotic vacuum cleaner Roomba, in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to expand its stable of smart home devices. Amazon will pay $61 per share,......

Stephen King going to bat for U.S. gov’t in case against book publishing mega-merger

Reuters
WASHINGTON, Aug 1 (Reuters) – The U.S. Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King.......

PerkinElmer divests three business units in $2.45 bln deal

Reuters
A sign marks a PerkinElmer facility in Boston, Massachusetts, U.S., May 15, 2020. REUTERS/Brian Snyder/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – PerkinElmer Inc (PKI.N) on Monday agreed to sell three of its businesses to private equity firm New Mountain Capital for up......

Biden meets CEOs, labor; backs bill to boost U.S. chips production

Reuters
U.S. President Joe Biden delivers remarks on climate change and renewable energy at the site of the former Brayton Point Power Station in Somerset, Massachusetts, U.S. July 20, 2022. REUTERS/Jonathan Ernst/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 25 (Reuters) – President Joe Biden met......

Philips shares hit 9-year low on weak quarter and guidance cut

Reuters
Adjusted EBITA 216 million euros vs forecast 324 million Company cuts estimate for FY sales growth to between 1% and 3% Shares down 6.9% at 20.24 euros AMSTERDAM, July 25 (Reuters) – Dutch medical equipment maker Philips (PHG.AS) posted a bigger-than-expected drop in second-quarter core earnings on Monday, saying supply......

Amazon strikes $3.5 bln deal for One Medical in long march into U.S. healthcare

Reuters
July 21 (Reuters) – Amazon.com Inc (AMZN.O) on Thursday agreed to buy primary care provider One Medical (ONEM.O) for $3.49 billion, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for the first time. The all-cash deal would combine two relatively small players as Amazon continues a years-long......

Abbott expects to start shipping EleCare infant formula in the coming weeks

Reuters
Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, U.S., October 18, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register July 15 (Reuters) – (This July 15 story corrects headline and first paragraph to “in the......

U.S. and Saudi Arabia sign 18 agreements in energy, other areas

Reuters
U.S. President Joe Biden participates in a bilateral meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman, at Al Salam Royal Palace, in Jeddah, Saudi Arabia July 15, 2022. REUTERS/Evelyn Hockstein REFILE-QUALITY REPEAT Register now for FREE unlimited access to Reuters.com Register July 16 (Reuters) – The United States and......

Wall St ends tumultuous week with strong rally as rate hike fears wane

Reuters
Banks have biggest percent gain in 18 months Citigroup jumps after results S&P, Dow end five-day losing streaks Retail sales beats estimates Indexes up: Dow 2.15%, S&P 1.92%, Nasdaq 1.79% NEW YORK, July 15 (Reuters) – U.S. stocks closed sharply higher on Friday, ending several days of sell-offs with a......

State abortion bans prevent women from getting essential medication

Reuters
July 14 (Reuters) – Annie England Noblin, a 40-year-old resident of rural Missouri, had never had a problem filling her monthly prescription for methotrexate until this week. On Monday, Noblin’s pharmacist said she could not give her the drug until she had confirmed with Noblin’s doctor that the medication would......

Analysis: Bruised investors seek shelter in U.S. healthcare stocks

Reuters
NEW YORK, July 13 (Reuters) – Shares of U.S. healthcare companies are gaining favor as investors bank on their ability to weather rocky economic times and the stocks look more reasonably valued than other defensive sectors. Healthcare (.SPXHC) has been the top-performing S&P 500 sector over the past month, rising......

South Korean firms to take Meridian Bioscience private in $1.53 bln deal

Reuters
July 7 (Reuters) – Meridian Bioscience Inc (VIVO.O) will be acquired by SD Biosensor Inc (137310.KS) and PE firm SJL Partners LLC in an all-cash $1.53-billion deal, the companies said on Thursday, accelerating the South Korean diagnostic firm’s entry into the U.S. market. Meridian shareholders will receive $34 per share......

U.S. drug distributors prevail in $2.5 bln West Virginia opioid case

Reuters
Tablets of the opioid-based Hydrocodone at a pharmacy in Portsmouth, Ohio, June 21, 2017. REUTERS/Bryan Woolston/File Photo Register now for FREE unlimited access to Reuters.com Register July 4 (Reuters) – Major U.S. drug distributors McKesson Corp (MCK.N), AmerisourceBergen Corp (ABC.N) and Cardinal Health Inc (CAH.N) are not responsible for fueling......

Clearlake Capital explores sale of Team Technologies for more than $1 bln – sources

Reuters
NEW YORK, June 29 (Reuters) – Private equity firm Clearlake Capital Group is exploring a sale of medical products manufacturer Team Technologies Inc for more than $1 billion, including debt, according to people familiar with the matter. Clearlake Capital is working with an investment bank on a sale process for......

U.S. FDA classifies recall of GE’s ventilator batteries as most serious

Reuters
June 28 (Reuters) – U.S. health regulators on Tuesday classified the recall of some backup batteries of GE Healthcare’s ventilators, which the company had initiated in mid-April, as the most serious type, saying that their use could lead to injuries or death. The CARESCAPE R860 ventilator’s backup batteries, including replacement......

Amazon places purchase limit on emergency contraceptive pills

Reuters
June 28 (Reuters) – Amazon.com Inc (AMZN.O) has placed a temporary purchase limit of three units per week on emergency contraceptive pills, the company said on Tuesday. The move comes days after the U.S. Supreme Court overturned the landmark 1973 Roe v. Wade ruling that recognized women’s constitutional right to......

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