Amazon buys healthcare start-up Health Navigator

Amazon buys healthcare start-up Health Navigator
FILE PHOTO: The Amazon logo is seen at the Amazon fulfilment center in Bretigny-sur-Orge near Paris, France, October 22, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc said on Wednesday it bought healthcare start-up Health Navigator, its second purchase in the healthcare services industry. The deal comes after the company acquired online pharmacy PillPack last year, pitting itself against drugstore... Read More

J&J slashes third-quarter profit by $3 billion over proposed opioid deal

J&J slashes third-quarter profit by $3 billion over proposed opioid deal
FILE PHOTO: The U.S. flag is seen over the company logo for Johnson & Johnson to celebrate the 75th anniversary of the company’s listing at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid (Reuters) – Johnson & Johnson (JNJ.N) on Wednesday lowered its previously reported third-quarter profit by $3 billion to account for... Read More

Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar

Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar
NEW YORK/BOSTON (Reuters) – Teva Pharmaceutical Industries Ltd’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts. FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during... Read More

Health insurer Anthem signals better-than-feared 2020 earnings, shares rise

Health insurer Anthem signals better-than-feared 2020 earnings, shares rise
(Reuters) – Anthem Inc (ANTM.N) on Wednesday signaled earnings for 2020 could be better than feared, allaying some concerns that rising medical costs are eating into profits and sending shares of the No. 2 health insurer up 4%. FILE PHOTO: The logo for health insurance provider, Anthem, is displayed on a screen on the floor at the New York Stock... Read More

Wall Street eyes subdued open as Caterpillar, Texas Instruments disappoint

Wall Street eyes subdued open as Caterpillar, Texas Instruments disappoint
(Reuters) – Wall Street headed for a flat open on Wednesday, after earnings from industrial bellwether Caterpillar and chip major Texas Instruments kept investors on edge over the fallout from the U.S.-China trade war. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid Texas Instruments (TXN.O) fell... Read More

Health insurer Anthem raises 2019 profit forecast after beat

Health insurer Anthem raises 2019 profit forecast after beat
(Reuters) – Health insurer Anthem Inc (ANTM.N) reported a better-than-expected quarterly profit and raised its full-year forecast on Wednesday, riding on higher sales of its government-backed health plans. FILE PHOTO: The logo for health insurance provider, Anthem, is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan... Read More

Futures drop as Caterpillar, Texas Instruments weigh

Futures drop as Caterpillar, Texas Instruments weigh
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid (Reuters) – Wall Street was set to open lower on Wednesday after warnings from Caterpillar and Texas Instruments rekindled worries about a global economic slowdown due to U.S.-China trade tensions. Shares of Caterpillar Inc (CAT.N) slid 4% and... Read More