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Johnson & Johnson to sell sterilization unit to Fortive for $2.7 billion

Christopher Goodney | Bloomberg | Getty Images Alex Gorsky, chairman and chief executive officer at Johnson & Johnson. U.S. drug maker Johnson & Johnson said on Wednesday it received a binding cash offer of about $2.7 billion for its sterilization products business from Fortive. J&J’s advanced sterilization products (ASP) business, …

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Drug stocks are underperforming ‘like nothing I’ve ever seen’

CNBC’s Jim Cramer said Monday that he is disappointed by the recent performance of pharmaceutical stocks, saying there should be far more deals in the health-care space. “Pharma companies have been among the worst performers,” said Cramer, whose charitable trust owns shares of pharmaceutical companies Allergan and Eli Lilly. “They …

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America’s oldest WWII veteran wants to stay home, but can’t afford it

Photo courtesy of Overton family/Wyatt McSpadden Richard Overton in his home in Austin, Texas. AUSTIN, Texas — Richard Arvin Overton was born before Henry Ford introduced the Model T, before the Titanic embarked on her doomed maiden voyage and before New Yorkers watched the first ball drop in Times Square. …

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Trump says drugmakers going to announce massive voluntary price cuts

Leah Millis | Reuters President Donald Trump speaks prior to signing the “Right to Try Act,” which gives terminally ill patients the right to use experimental medications not yet been approved by the Food and Drug Administration (FDA), at the White House in Washington, U.S., May 30, 2018. President Donald …

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Trump signs ‘right-to-try’ legislation on experimental medicines

Leah Millis | Reuters Seven-year-old Muscular Dystrophy patient Jordan McLinn, from Indiana, is embraced by U.S. President Donald Trump during the president’s signing of the “Right to Try Act,” which gives terminally ill patients the right to use experimental medications not yet been approved by the Food and Drug Administration …

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Athenahealth CEO Jonathan Bush apologizes for past attacks of ex-wife

Kate Rooney | CNBC Jonathan Bush, co-founder, Chief Executive Officer, and President of Athenahealth. Athenahealth CEO Jonathan Bush issued an apology after the Daily Mail reported he attacked his ex-wife more than a decade ago. The U.K.-based news outlet obtained 2006 court documents from a custody battle chronicling allegations from …

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Hurricane Maria’s death toll could exceed 4,600, study estimates

Ricardo Arduengo | AFP | Getty Images A man surveys a house that was washed away by heavy surf during the passing of Hurricane Maria in Manati, Puerto Rico on October 6, 2017. The official death count from Hurricane Maria is 64. The real number could exceed more than 4,600, …

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George H.W. Bush hospitalized in Maine

David Hume Kennerly | GettyImages Former President George H.W. Bush at his home in Kennebunkport, Maine, June 17, 2015. Former President George H.W. Bush was hospitalized Sunday in Maine after he experienced low blood pressure and fatigue, a spokesman said. Just after 2 p.m., Jim McGrath, a spokesman for the …

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Ebola outbreak could spread through these flight patterns, group says

Kenny Katombe | Reuters A World Health Organization (WHO) worker administers a vaccination during the launch of a campaign aimed at beating an outbreak of Ebola in the port city of Mbandaka, Democratic Republic of Congo May 21, 2018. An Ebola outbreak is emerging in the Democratic Republic of Congo, …

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Some Obamacare premiums to jump 15% in 2019, estimate of uninsured in 2027 rises by 5 million: CBO

Andrew Harrer | Bloomberg | Getty Images A medical doctor examines a patient with a stethoscope at a CCI Health and Wellness Services health center in Gaithersburg, Maryland. The price of closely watched Obamacare plans will rise 15 percent next year, the Congressional Budget Office said Wednesday in a new …

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