EU News Digest Latest News & Updates
Frederic J. Brown | AFP | Getty Images Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. DNA Friend is a new consumer genetics company that aims to rival 23andMe with its “fastest and freest DNA testing service.” …
Read More »Johnson & Johnson shares slip after California jury orders it to pay $29 million in latest talcum cancer trial
Justin Sullivan | Getty Images In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table in San Francisco, California. Johnson & Johnson shares were down Thursday after the company was ordered by a California jury to pay $29 million to a …
Read More »Aurora Cannabis surges after hiring activist investor Peltz as advisor
Aurora Cannabis announced Wednesday that it has appointed longtime activist investor Nelson Peltz as a strategic advisor to the company. Peltz will “work collaboratively and strategically to explore potential partnerships that would be the optimal strategic fit for successful entry into each of Aurora’s contemplated market segment,” Aurora said in …
Read More »Lilly to launch a half-price version of insulin
George Frey | Bloomberg | Getty Images Boxes of Eli Lilly & Co. Humalog medication sit on a pharmacy shelf in Provo, Utah. U.S. drugmaker Eli Lilly plans to sell a half-price version of its Humalog insulin injection, as it fends off criticism about rising drug prices. Lilly said on …
Read More »Schiff calls Amazon’s anti-vaccine content ‘threat to public health’
Leonard Ortiz | Digital First Media | Getty Images Jeff Bezos, founder and CEO of Amazon, speaks with employees after he made a surprise appearance during a Amazon Veterans Day celebration, honoring the Warriors@Amazon, a group of employees who have served in the military and their spouses, in an event …
Read More »Senators grills pharma execs for raising drug prices
Win McNamee | Getty Images (L-R) Richard A. Gonzalez, chairman and CEO of AbbVie Inc., Pascal Soriot, executive director and CEO of AstraZeneca, Giovanni Caforio, chairman of the board and CEO of Bristol-Myers Squibb Co., Jennifer Taubert, executive vice president and worldwide chairman of Janssen Pharmaceuticals, Johnson & Johnson, Kenneth …
Read More »Congress asked the Fed chief about marijuana banking
Mary F. Calvert | Reuters Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on the “Semiannual Monetary Policy Report to Congress,” at the Rayburn House Office Building in Washington, U.S., July 18, 2018. Federal Reserve Chairman Jerome Powell said before the U.S. Senate Tuesday that …
Read More »Pharma execs offer Senate ideas to lower drug costs, except price cuts
Andrew Harrer | Bloomberg | Getty Images Ken Frazier, chairman and chief executive officer of Merck & Co., left, speaks as Robert Bradway, president and chief executive officer of Amgen Inc., center, and Joaquin Duato, executive vice president and worldwide chairman of pharmaceuticals at Johnson & Johnson, listen during a …
Read More »How health-care costs us $89 billion a year in lost time
Bloomberg | Bloomberg | Getty Images Patients sit in the waiting room at the St. John’s Well Child and Family Center in Los Angeles, California, U.S., on Tuesday, Sept. 24, 2013. Americans spend more time traveling and waiting for health appointments than for any other service, including getting a driver’s …
Read More »Drugmakers invited to hearing on drug prices. Here’s what they’re saying
Drew Angerer | Getty Images Albert Bourla, chief executive officer of Pfizer pharmaceutical company, arrives to ring the closing bell at the New York Stock Exchange, January 17, 2019. Drugmakers have been reluctant to agree to testify before Congress at what is shaping up to be a series of hostile …
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