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Wall Street banks face hurdles as they rush to cover marijuana

Goldman acted as financial advisor to $32 billion Constellation Brands last year when the Corona beer owner increased its investment in Canadian marijuana producer Canopy Growth. Bank of America Merrill Lynch, meanwhile, provided committed financing for Constellation’s $4 billion bet on the weed company. “The global cannabis market presents a …

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The worst performing Dow stock this year is about to report earnings. Here’s what to expect

Pfizer has gone from first to worst. The pharma giant soared nearly 20 percent in 2018, and was the Dow’s second-best performer behind Merck. But so far 2019 has been a very different story for the stock. It’s the biggest drag on the Dow this month, with the shares losing …

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Walgreens has now teamed up with Microsoft after deal with Verily

Mark Kauzlarich | Bloomberg | Getty Images Microsoft CEO Satya Nadella speaks at an Economic Club of New York event in New York on Feb. 7, 2018. Amazon is the e-commerce giant, a behemoth in cloud computing and an aspiring player in the pharmacy business. Across those industries, Amazon is …

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Health-care sector M&A deals set to rebound in 2019, law firm says

Justin Sullivan | Getty Images A doctor examines a patient at the UCSF Women’s Health Center in San Francisco, California. Deal-making activity in the rapidly growing health-care sector is expected to rebound in 2019, a law firm said in a report Monday, but heavier regulation and political uncertainty cloud the …

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The best performing sector last year, could be the top bet for 2019

The party might not be over yet, the sector should continue to be a solid play for 2019, too, according to Craig Johnson, chief market technician at Piper Jaffray. “I think you let the winners run,” Johnson said Monday on CNBC’s “Trading Nation.” “If you look at a chart of …

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US Judge clears the way for appeal of ruling against health law

Andrew Harrer | Bloomberg | Getty Images Demonstrators in support of U.S. President Barack Obama’s health-care law, the Affordable Care Act (ACA), hold up ‘ACA is Here to Stay’ signs after the U.S. Supreme Court ruled 6-3 to save Obamacare tax subsidies outside the Supreme Court in Washington, D.C., U.S., …

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Drones deliver vaccines to remote island of Vanuatu

Jason Chute | Unicef The first baby to be vaccinated by the commercial drone delivered vaccine, Joy Nowai, with her mother Julie Nowai. “Today’s first-of-a-kind vaccine delivery has enormous potential not only for Vanuatu, but also for the thousands of children who are missing out on vaccines across the world,” …

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GE reportedly files paperwork for IPO of health-care unit

Timothy Tai | Boston Globe | Getty Images Massachusetts Governor Charlie Baker speaks during the opening ceremony for the GE Healthcare Life Sciences headquarters in Marlborough, Mass., on June 23, 2016. General Electric has confidentially filed the paperwork to spin out its health-care unit, GE Healthcare, in an initial public …

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Startup Proven Beauty says A.I. is key to having flawless skin

Proven Beauty Proven aggregates data from 8 million consumer reviews, 100,000 skincare products, 20,000 ingredients and 4,000 academic journals to decipher what types of ingredients work well for specific individuals. Every year, consumers spend billions on skincare products that promise to reduce lines instantly, fade brown spots, improve firmness and elasticity …

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CVS says it has a fix for those mile-long receipts — here’s how

CVS’ stunningly long receipts, eating up to five feet of paper at times, are thing of legend in retail. But there is a way you can save some trees by opting out of receiving them at all. “There’s a way to get all of that digitally on your phone,” along …

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