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August 18, 2022

MEDQ

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......

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......

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......

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......

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......

Akzo Nobel names Poux-Guillaume as new chief executive

Reuters
Cans of Dulux paint, an Akzo Nobel brand, are seen on the shelves of a hardware store near Manchester, Britain, April 24, 2017. REUTERS/Phil Noble/File Photo Register now for FREE unlimited access to Reuters.com Register June 28 (Reuters) – Dulux paint maker Akzo Nobel (AKZO.AS) has named French businessman Gregoire......

Toshiba board gains two directors from activist funds in historic shift

Reuters
TOKYO, June 28 (Reuters) – Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott......

Bausch Health suspends plans for Solta IPO

Reuters
June 16 (Reuters) – Bausch Health Companies Inc (BHC.TO) said on Thursday it was suspending plans for the initial public offering of its unit Solta Medical due to challenging market conditions. It has been a gloomy year for U.S. capital markets, with IPO-bound Reddit Inc and Mobileye, the self-driving car......

Sanctions-hit Kremlin stages ‘Russian Davos’ bereft of elite, Putin speaks Friday

Reuters
Flags with the St. Petersburg International Economic Forum (SPIEF) logo fly near the St. Isaac’s Cathedral in Saint Petersburg, Russia June 14, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register International economic forum June 15-18 in St Petersburg No Western bigwigs at ‘Russian Davos’ due to......

Baby formula shortage could ease as Abbott reopens Michigan plant

Reuters
June 4 (Reuters) – Abbott Laboratories (ABT.N) said on Saturday that it has reopened its baby formula production plant in Sturgis, Michigan, taking a step toward alleviating an acute nationwide shortage that has sent parents scrambling for supplies. The company said it will begin production of EleCare and other specialty......

Former Trump adviser Navarro indicted for contempt of Congress -Justice Dept

Reuters
WASHINGTON, June 3 (Reuters) – Peter Navarro, former trade adviser to President Donald Trump, has been charged with contempt of Congress for refusing to cooperate with a House of Representatives investigation of the Jan. 6, 2021, attack on the U.S. Capitol, the Justice Department said on Friday. A federal grand......

Biden, baby formula execs to meet on efforts to ease shortage

Reuters
June 1 (Reuters) – U.S. President Joe Biden will meet with major infant formula manufacturers on Wednesday as his administration presses ahead with efforts to boost imported supplies to help ease a nationwide shortage. Multiple global suppliers are seeking U.S. approval to ship critical baby formula as Biden’s administration accelerates......

Zero-COVID, big money: China’s anti-virus spending boosts medical, tech, construction

Reuters
BEIJING, May 30 (Reuters) – China’s ‘zero-COVID’ policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country’s economy, but it has created bubbles of growth in the medical, technology and construction sectors. The Chinese government, alone among major......

Police face questions over their response to Texas school massacre

Reuters
UVALDE, Texas, May 26 (Reuters) – The gunman in the Texas school massacre barged unchallenged through an unlocked door, then killed 19 children and two teachers while holed up in their classroom for an hour before a tactical team stormed in and killed him, police said on Thursday. The latest......

First baby formula shipment, enough for thousands of U.S. infants, arrives from Europe

Reuters
WASHINGTON, May 22 (Reuters) – A military cargo plane carrying the first shipment of infant formula from Europe to help address a critical shortage in the United States landed in Indianapolis on Sunday, but a top government official noted that much more needs to be done. A Feb. 17 recall......

Biden says first shipments of baby formula flying in from Europe this weekend

Reuters
May 20 (Reuters) – The first shipments of infant formula from Europe to address a critical shortage in the United States should begin arriving this weekend, President Joe Biden said on Friday amid criticism of his administration’s handling of the issue. Biden said on Twitter the initial military cargo plane......

U.S. FDA says Abbott baby formula plant on track to reopen in 1-2 weeks

Reuters
WASHINGTON, May 19 (Reuters) – Abbott Laboratories (ABT.N) and the U.S. Food and Drug Administration are on track to reopen the company’s Sturgis, Michigan, baby formula manufacturing plant within one or two weeks, FDA Commissioner Robert Califf said on Thursday. Abbott, the biggest U.S. supplier of powder infant formula including......

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