Passage of Inflation Reduction Act gives Medicare historic new powers

A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan. The … Read more

Polio detected in New York City sewage suggesting local circulation of virus

NYC commissioner for health Dr Mary T. Bassett Andy Katz | Pacific Press | Lightrocket | Getty Images Polio has been detected in New York City, suggesting local circulation of the virus, health officials said on Friday. New York State Health Commissioner Dr. Mary Bassett called the findings alarming. Bassett said local and federal health … Read more

Pharma stocks crater as investors brace for litigation charges

Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bumbling in the background for years but investor concern exploded this week in the lead-up to … Read more

CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital

A sign outside of a hospital advertises COVID-19 testing on November 19, 2021 in New York City. On Friday vaccine advisers to the US Centers for Disease Control (CDC) and Prevention voted unanimously in recommending a booster shot of the COVID-19 vaccines for all adults in the United States six months after they finish their … Read more

Large Indiana employers Eli Lilly and Cummins speak out about the state’s new restrictive abortion law

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Drugmaker Eli Lilly, one of the biggest employers in Indiana, said that the state’s newly passed law restricting abortions will cause the company to grow away from its home turf. … Read more

STD clinics struggle with surge in patients amid outbreak

Dr. Emily Drwiega from the University of Illinois Health and Maggie Butler, a registered nurse, prepare monkeypox vaccines at the Test Positive Aware Network nonprofit clinic in Chicago, Illinois, July 25, 2022. Eric Cox | Reuters Dr. Ward Carpenter, co-director of health services at the Los Angeles LGBT Center, said the monkeypox outbreak across the … Read more

Here are 5 stocks in our portfolio that can benefit from rising interest rates – CNBC

Here are 5 stocks in our portfolio that can benefit from rising interest rates  CNBC

New York polio case is ‘tip of iceberg,’ hundreds could be infected

Digitally generated image of 3D molecular model of polio virus Calysta Images | Tetra Images | Getty Images Hundreds could have polio after an adult in the New York City metro area caught the virus and suffered paralysis last month, the state’s top health official said this week. New York state Health Commissioner Mary Bassett … Read more

Does the Inflation Reduction Act violate Biden’s $400,000 tax pledge?

Jim Watson | Afp | Getty Images Senate Democrats’ package of climate change, health-care, drug pricing and tax measures unveiled last week has proponents and opponents debating whether the legislation violates a pledge President Joe Biden has made since his presidential campaign, to not raise taxes on households with incomes below $400,000 a year. The answer isn’t … Read more

CDC estimates 1.7 million gay and bisexual men face highest risk from monkeypox

The Centers for Disease Control and Prevention estimates about 1.7 million men who have sex with men face the biggest threat from monkeypox right now. CDC Director Rochelle Walensky told reporters on a call Thursday that gay and bisexual men who are HIV positive or who are taking medicines, called PREP, to reduce their chance … Read more