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July 4, 2022

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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......

Walgreens keeps forecast as waning COVID vaccine demand weighs

Reuters
June 30 (Reuters) – Walgreens Boots Alliance Inc (WBA.O)on Thursday maintained its full-year earnings forecast due to declining COVID vaccinations, even as the drugstore retailer beat quarterly estimates on the back of strength in its UK-based Boots business. Shares of the second-biggest U.S. drugstore retailer by store count fell 4%......

Boost for luxury London property prices as Russians locked in

Reuters
LONDON, June 28 (Reuters) – The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain, adding to a shortage of supply that has helped drive up house prices in prime locations, real estate sources say. Russian oligarchs, Middle Eastern oil barons......

U.S. COVID vaccines start to roll out for young children

Reuters
June 21 (Reuters) – The United States has begun distributing COVID vaccines for children as young as six months around the country, and availability of the shots will improve in the coming days, according to White House COVID-19 response coordinator Dr. Ashish Jha. U.S. regulators authorized Moderna Inc’s (MRNA.O) two-dose......

COVID vaccine rollout for U.S. children close after CDC panel vote

Reuters
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 18 (Reuters) – A panel of advisers to the U.S. Centers for Disease Control and Prevention......

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......

U.S. FDA advisers overwhelmingly back Moderna COVID vaccine for ages 6-17

Reuters
A pharmacist holds a vial of the Moderna coronavirus disease (COVID-19) vaccine in West Haven, Connecticut, U.S., February 17, 2021. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register June 14 (Reuters) – Advisers to the U.S. Food and Drug Administration on Tuesday unanimously recommended that the agency......

EXCLUSIVE CVC explores $2 billion sale of software firm VelocityEHS -sources

Reuters
June 10 (Reuters) – Private equity firm CVC Capital Partners is exploring a sale of VelocityEHS for as much as $2 billion, seeking to capitalize on a boom in demand for compliance software in the corporate world, three people familiar with the matter said. CVC is working with U.S. investment......

Cancer research: Amgen drug extends survival in some inoperable colon cancers

Reuters
An Amgen sign is seen at the company’s office in South San Francisco, California October 21, 2013. REUTERS/Robert Galbraith/File Photo Register now for FREE unlimited access to Reuters.com Register Vectibix tops Avastin for some inoperable colon cancers OK to delay stem cell transplant for multiple myeloma Study identifies best treatment......

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......

Indian shares muted as metal, banking gains offset auto losses

Reuters
People stand outside the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021. REUTERS/Francis Mascarenhas/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 1 (Reuters) – Indian shares were flat on Wednesday, as gains in......

Banks, tech stocks drag Indian shares lower; GDP data in focus

Reuters
The Bombay Stock Exchange (BSE) building is seen in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 31 (Reuters) – Indian shares snapped a three-session run of gains on Tuesday as banking and technology stocks lost steam ahead of key......

People infected with monkeypox can isolate at home – UKHSA

Reuters
A woman holds a mock-up vial labeled “Monkeypox vaccine” and medical syringe in this illustration taken, May 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 30 (Reuters) – People infected with monkeypox can isolate at home if they remain well enough, whilst......

U.S. doctors reconsider Pfizer’s Paxlovid for lower-risk COVID patients

Reuters
May 28 (Reuters) – Use of Pfizer Inc’s (PFE.N) COVID-19 antiviral Paxlovid spiked this week, but some doctors are reconsidering the pills for lower-risk patients after a U.S. public health agency warned that symptoms can recur after people complete a course of the drug, and that they should then isolate......

Dividend payouts hit first quarter record, but outlook rocky

Reuters
U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 24 (Reuters) – Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to......

AstraZeneca says EU regulator approves COVID shot as booster

Reuters
May 23 (Reuters) – Drugmaker AstraZeneca (AZN.L) said on Monday its COVID-19 vaccine, Vaxzevria, has been approved in the European Union by the bloc’s drugs regulator as a third-dose booster in adults following a committee endorsement last week. The vaccine can now be used as a booster following the two-dose......

Biden invokes Defense Production Act to increase infant formula supply

Reuters
WASHINGTON, May 18 (Reuters) – President Joe Biden took steps on Wednesday to address the shortage of infant formula in the United States, invoking the Defense Production Act to help manufacturers obtain the ingredients needed to ramp up supply, the White House said. Biden also directed U.S. agencies to use......

U.S. to study whether longer Paxlovid course needed to combat reinfections

Reuters
May 18 (Reuters) – The U.S. National Institutes of Health is in talks with Pfizer Inc (PFE.N) about studying whether a longer course of the drugmaker’s COVID-19 antiviral treatment Paxlovid is needed to prevent reinfections, top U.S. infectious diseases expert Dr. Anthony Fauci said on Wednesday. “We’re going to be......

U.S. FDA authorizes Pfizer’s COVID booster shot for young children

Reuters
May 17 (Reuters) – The U.S. Food and Drug Administration on Tuesday authorized the use of a booster shot of Pfizer (PFE.N) and BioNTech’s COVID-19 vaccine for children aged 5 to 11, making everyone in the country over the age of 5 eligible for a third shot. The U.S. Centers......

Exclusive: Maker of Walmart, Amazon store-brand baby formulas sees shortages through rest of 2022

Reuters
NEW YORK, May 13 (Reuters) – Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers, including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O), expects shortages and heightened demand to last for the “balance of the year,” Chief Executive Murray Kessler told Reuters in an interview. The Biden administration......

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