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

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

Look at these stocks to lead a comeback rally if inflation has peaked

Stocks soared Wednesday after a better-than-expected slowdown in the pace of rising consumer prices. The consumer price index, which measures the price of a basket of goods and services, rose 8.5% in July from a year ago, as compared with estimates of an 8.7% increase. Investors cheered the news , which led many to wonder … Read more

Treasury yields in focus as investors assess inflation data

Longer-term U.S. Treasury yields were little changed on Wednesday, as investors awaited highly anticipated inflation figures which could influence the pace of Federal Reserve interest rate hikes. The yield on the benchmark 10-year Treasury note ticked up less than 1 basis point to 2.801% while the yield on the 30-year Treasury bond was marginally higher … Read more

Treasury yields in focus after strong jobs growth data

U.S. Treasury yields fell on Monday after unexpectedly robust jobs data increased the likelihood of aggressive rate hikes by the Federal Reserve. The yield on the benchmark 10-year Treasury note fell 4 basis points to about 2.7993%, while the yield on the 30-year Treasury bond was down 2 basis points to 3.0383%. Yields move inversely … 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

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

Is the economy in a recession? Top economists weigh in

‘We should have an objective definition’ Officially, the NBER defines a recession¬†as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact,¬†the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this year. Still, … 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

Wastewater samples outside New York City suggest community spread

Polio virus particle, computer illustration. Kateryna Kon | Science Photo Library | Getty Images Polio has been found in wastewater samples taken from two counties outside of New York City indicating the virus is spreading in the community, according to state health officials. Wastewater samples taken from two different locations in Orange County during June … Read more