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Journey to the Future
  + stars: | 2024-04-19 | by ( Sharon Epperson | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJourney to the FutureRecent innovations in health tech are leading to product breakthroughs and improved patient care for humans and animals alike. Zoetis CEO Kristin Peck, and AWS Senior Physician Executive & Clinical Innovation Lead, Global Healthcare and Nonprofit Dr. Angela Shippy are at the forefront. Hear how they are leading through rapid technological advancements, while rooting out bias and ensuring different perspectives are considered when leveraging the power of AI.
Persons: Kristin Peck, Angela Shippy Organizations: Global Healthcare, Nonprofit
This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.
Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI
Aging population plays In developed markets with aging populations , health-care needs will rise, creating an investment opportunity in the sector, Li said. "The relative outperformance of the health-care sector is to be expected in the context of an aging population," Li said. It tracks the health-care sector of the S & P 500 . "An economy-wide, sustained productivity boom is very hard to achieve, especially in the context of the supply constraint coming from, among other things, demographic shortage, aging population," Li said. "If India is able to bring more people into the working population, especially women, that will significantly boost its growth trajectory," she said.
Persons: Wei Li, dwindles, BlackRock, Li, It's, it's Organizations: BlackRock, World Health Organization, United Nations, Healthcare, Bank Locations: BlackRock, Japan, U.S, Indonesia, Mexico, Saudi Arabia, South Africa, India, China
It was more than double the value of the next-largest deal, a Japanese healthcare merger that clocked in at $22 billion. And, for its part, Seagen tapped advisors at two boutique firms: Centerview and MTS Health Partners. "We want to be the preeminent healthcare bank. Last year, during a healthcare M&A boom that's expected to continue this year, the bank onboarded 14 new staffers, including the partners, a company spokesperson said. Advertisement"We are absolutely in growth mode looking to have high-quality bankers who are capable of generating business off of this platform without all the accoutrements of a big bank," Weisenfeld continued.
Persons: Seagen, Andrew Weisenfeld, Goldman Sachs, Morgan Stanley, Dealogic, Weisenfeld, , Curtis Lane, Bear, Daun Chung, Ryan Stewart, Reed Alexander Organizations: Service, Pfizer, Guggenheim, Centerview, MTS Health Partners, MTS, Goldman, JPMorgan, Bank of America, Partners, CTI, New, Bear Stearns, London Stock Exchange, Seagen, Medicines, Novartis, Chase Securities, Health Partners, Guggenheim Securities, Triple, SVB Securities, Solomon Partners, Citigroup Locations: Wall, New York City, Seattle
We'll look at a health insurer stock with an interesting set-up heading into a big industry conference this week and break down various options trades being applied on it. Centene (CNC) traded nearly 9 times the average daily call volume on Friday ahead of Barclays 26th annual Global Healthcare Conference this week. Most active were the March 22nd weekly $82 calls and the March 28th weekly $82 calls. The mid price on the March 28th weekly $82 calls was nearly $2, substantially higher than the trader who initiated the block paid, and the weekly March 22nd calls would collect less than a quarter. If one owns the stock, a hedge might make sense, such as a weekly at-the-money put spread as illustrated below.
Persons: Bernstein, Centene, Cowen, what's Organizations: Barclays, Global Healthcare, Traders Locations: Texas, Florida, Georgia
"If there is a regime shift, then what has worked could be quite different from what does work," McLennan said. That means the growth stocks that dominated for years may come back to earth in the mid-2020s. He also recommends that investors diversify away from growth stocks that thrived under low rates and instead broaden out to value-oriented names. Valuations explain 80% of a stock's returns over a decade, according to Bank of America. Smead sees energy in stocks in Canada also outperforming in the coming decade, as well as European banks.
Persons: , Peter Bates, Rowe Price, Damanick Dantes, We're, Dantes, you've, He's, Matt McLennan, McLennan, Kimball Brooker, Morningstar, Nicola Stafford, Stafford, it's, Molina, Bates, Russell, Cole Smead, that's, Phillip Colmar, Colmar, Bob Doll, Doll, Smead, Michael Sheldon, Sheldon, who's, there's, Chris Chen, Chen, Roth Organizations: Service, Business, Global, International, McLennan, First Eagle Global Fund, Eagle Investments, Goldman, Asset Management, Stock, Molina Healthcare, Vanguard Value, Healthcare, Bank of America, Comerica Wealth Management, MRB Partners, Canadian, Crossmark Global Investments, BlackRock, Energy, P Bank ETF, RDM Financial, Social Security, Social, Insight Financial, Trust, IRA Locations: Canada, Colmar, United States, Canadian, Europe, Treasuries
SHANGHAI, Nov 9 (Reuters) - Business activities in China's healthcare sector are returning from a sudden near freeze that began in July when Beijing kicked off a year-long anti-corruption campaign, two foreign industry executives said. The campaign targets the bribing of doctors in drug and medical equipment sales and marks a sharp escalation of an anti-corruption drive in the sector that started years ago. The latest campaign has sent a chill through the sector, pummeling healthcare stocks and prompting some firms to cancel IPOs. The anti-graft drive initially caused huge business disruptions and many multinational pharmaceutical firms lost engagement with hospitals, executives said. China is one of the biggest healthcare markets for global healthcare companies but their business sentiment has turned fragile this year due to factors including the anti-graft drive.
Persons: We’ve, Larry Merizalde, Merizalde, Andrew Silver, Miyoung Kim, Robert Birsel Organizations: Beijing, Reuters, South, AstraZeneca, National Health Commission, Thomson Locations: SHANGHAI, China, Shanghai
CNN —In Al-Shifa hospital, Gaza’s largest medical facility, a dazed and drowsy woman sits on the floor with a bleeding leg. “The situation in hospitals is miserable… (it) makes you weep,” Rajaa Musleh, a 50-year-old woman sheltering at Al-Shifa, told CNN on Thursday. ‘Overloaded’Hospital staff are exhausted, Dr. Alaa Shitali, a medical officer at Al-Shifa’s emergency department, told CNN Tuesday. “And the doctors are left to treat them with limited pain control, (as they are) running out of anesthetic drugs.” she told CNN. Hospitals in the besieged and heavily battered enclave are “hanging by a thread,” the UN said Monday, adding that around 10 hospitals in Gaza are still operational.
Persons: Rajaa, , Musleh, Mustafa Hassona, Alaa, , Shitali, Tanya Haj, Hassan, Gaza’s, Israel, Sobhi Skaik, Skaik, Khan, Ahmad Hasaballah, Atef Al Kahlout, Ali Jadallah, Bashar Morad, Morad, ” Morad, ” Musleh Organizations: CNN, United Nations Office, Humanitarian Affairs, UN’s, Works Agency for Palestine Refugees, Getty, Palestinian Ministry of Health, ’ Hospital, Al, of Health, Nasser Medical Hospital, Israel Defense Forces, Care International, Quds Hospital, The, Care, UN, Palestinian, Crescent, Palestinian Red Crescent Society Locations: Al, Gaza, Anadolu, Ramallah, Gaza City, Israel, Turkish, Palestinian, Hamas, Khan Younis, GAZA, Quds, Tel al, The Geneva
Cincinnati might be where Hamlin nearly died after going into cardiac arrest before being resuscitated on the field on Jan. 2. “I’m super thrilled. I’m super excited. It’s unlikely Hamlin — who missed practice Wednesday due to an illness — will suit up Sunday. I mean, we experienced it, but as long as he’s good, I’m good.”Safety Micah Hyde said Hamlin has motivated the entire team.
Persons: Damar Hamlin, Hamlin, , , ” Hamlin, “ I’m, , “ That’s, Hamlin —, He’s, Dane Jackson, Micah Hyde, ” Hyde, Buffalo’s, Hamlin’s, commotio, I’m, Abbott, trepidation, he’s, haven’t, I’ve, Josh Allen, Allen, Rasul Douglas, Brandon Beane, Kaiir Elam, ___ Organizations: Buffalo Bills, Bengals, Associated Press, Bills, Cincinnati, Pittsburgh, Tampa Bay Locations: ORCHARD, Cincinnati, Pittsburgh, Buffalo, Green
Growth will wilt under the pressure of perpetually high interest rates, Chiavarone said, though he added that rolling recessions across industries are more likely than a sudden, 2008-style downturn. Higher-for-longer interest rates are the biggest threat to the US economy, Chiavarone said. Goldman SachsEighteen months of tightening financial conditions will have a profound impact on the economy, Chiavarone said. The multi-asset solutions head is watching how corporations respond next year when they're forced to refinance debt at much higher rates. Since they have plenty of cash on hand, these companies aren't reliant on external financing and can avoid exposure to lofty interest rates.
Persons: Goldman Sachs, Steve Chiavarone, Hermes, Chiavarone, it's, they're Organizations: Federated Hermes, Treasury, Federated, Federal, Fed, Companies, Consumer, Vanguard Consumer, ETF, Healthcare, Utilities, Vanguard Utilities
Oct 19 (Reuters) - Intuitive Surgical (ISRG.O) missed analysts' estimates for quarterly sales on Thursday and flagged sagging demand for its robots used in bariatric surgeries amid the growing popularity of weight-loss drugs. Shares of the da Vinci surgical robots maker tumbled nearly 7.8% to $252 in trading after the bell. On Tuesday, Johnson & Johnson (JNJ.N) signaled a hit to sale of devices used to perform abdomen surgeries such as bariatric. Such patients will eventually become increasingly interested in bariatric surgery but this will get delayed in the short term, Curet said. Bariatric surgeries grew at modestly lower rate in third quarter compared to the previous quarter, financial head Jamie Samath said, adding the company was gaining market share in the surgical segment.
Persons: Johnson, Myriam Curet, Curet, Jamie Samath, Khushi, Sriraj Organizations: Thomson Locations: U.S, Bengaluru
Pro Take: Making Medicines Greener
  + stars: | 2023-10-19 | by ( Cecilia Butini | ) www.wsj.com   time to read: +6 min
Photo: mohamed hossam/ShutterstockMaking and supplying medicines generates roughly a third of the global healthcare industry’s greenhouse-gas emissions. Photo: Carlos Jasso/Bloomberg NewsBritish drugmaker GSK , for instance, plans to run on 100% renewable electricity by 2025 and to reach net-zero emissions across its value chain by 2045. GSK partnered with AstraZeneca , Merck KGaA, Novo Nordisk , Roche Holding , Samsung Biologics and Sanofi to form the SMI Health Systems Task Force in 2021. Last year, the partnership decided to strengthen their collaboration by focusing on cutting emissions in the near term and transitioning faster toward net-zero health systems. Novartis aims to achieve net-zero emissions across its value chain by 2040.
Persons: mohamed hossam, Carlos Jasso, “ We’ve, , Mike Peirce, Aurelio Arias, Arias, Claire Lund, Sanofi, Annabelle Harreguy, IQVIA’s Arias, “ It’s, ” Arias, Cecilia Butini Organizations: Pharmaceutical, Pharma, GSK, Bloomberg News British, Climate Group, Climate, Business, Sustainable Markets, Health Systems, Force, AstraZeneca, Merck KGaA, Novo Nordisk, Roche Holding, Samsung Biologics, Sanofi, SMI, Systems, Novartis, World Health Organization, cecilia.butini@wsj.com Locations: GSK’s, China, India, Novo
Bank of America initiates Wingstop as buy Bank of America said shares of the wing restaurant company are attractive. " Bank of America downgrades Carrier to underperform from neutral Bank of America said it sees residential headwinds. "We are initiating on the Alternative Asset Management sector with a Market Overweight rating. Deutsche Bank initiates AIG as buy Deutsche Bank initiated the insurance company with a buy and says shares are de-risked. Bank of America reiterates American Express as a top pick Bank of America said the credit card company is its favorite idea in the sector. "
Persons: Stifel, Wedbush, Morgan Stanley, Ford, CARR, Parker, ITW, Raymond James downgrades Clorox, Raymond James, CLX, Johnson, Wolfe, Bernstein, Chubb Organizations: BMO, Sinclair, Oculis, Citizens, CIT Group, Bank, JPMorgan, Barclays, Meta, Bank of America, Ford, General Motors, GM, UAW, of America, Nvidia, ISI, RBC, Johnson, Pharma, KKR, Alternative, Management, Asset Management, CART, Deutsche Bank, AIG, Citi, O'Reilly Automotive, O'Reilly, American Express Locations: CY24, U.S
Johnson & Johnson is a buy after the company's consumer business spinoff earlier this year, according to RBC Capital Markets. The firm initiated Johnson & Johnson with an outperform rating and $178 price target, which suggests shares can climb about 14.5% from Wednesday's close. This separation has "unlocked potential" for Johnson & Johnson going forward, analyst Shagun Singh said. Singh also said the company's pharma franchise is poised to deliver competitive growth and that its medtech division is on pace to achieve "top-tier growth and profitability." The analyst added that Johnson & Johnson is trading below its historical multiples despite its improved financial profile since its Kenvue spinoff and that the company has potential upside from further M & A activity.
Persons: Johnson, Shagun Singh, Singh, , — CNBC's Michael Bloom Organizations: RBC Capital Markets, Johnson, Pharma, company's pharma Locations: Wednesday's
"We have continued to see strong underlying demand for quality customer experience, driven by an increasing outsourcing trend across the global healthcare industry," Warburg Pincus' Mumbai-based managing director Viraj Sawhney said in the statement. Warburg Pincus has invested in the healthcare sector for over five decades and counts Ensemble Health Partners, which offers revenue cycle management for healthcare firms, and U.S consumer healthcare navigation company Quantum Health among its portfolio companies, according to the statement. The entry of Warburg Pincus into Everise will see Singapore-headquartered private equity firm Everstone Group exiting the company, according to the statement, which said the transaction is expected to close by the end of this year. Founded in 2016, Everise has over 19,000 employees in eight markets from Singapore to India, according to its website. Brookfield, with some $850 billion in assets under management, agreed to buy into Everise from Everstone in 2020.
Persons: Warburg Pincus, Everise, Viraj Sawhney, Yantoultra Ngui, Kane Wu, Catherine Evans, Emelia Organizations: Health Partners, Quantum Health, Everstone Group, Brookfield, Thomson Locations: SINGAPORE, Everise, U.S, Brookfield, Mumbai, Singapore, India, Everstone
AI can help insurers navigate patient records much faster, one automation company said. In New Mexico, AI helped parents access newborns' coverage within minutes, an official said. Healthcare companies can use AI-led automation to speed up the work of customer-service agents. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "I hope that AI will make healthcare more accessible to the consumer and make healthcare itself more sustainable for professionals," Chow of Automation Anywhere said.
Persons: Yan Chow, Chow, there's, Humana, Allie, Forbes, Sam Altman, it's, Shanita Harrison, Harrison Organizations: Healthcare, Service, Humana, Kaiser Permanente, Chow . Healthcare, New Mexico Human Services Department, IBM, SS, New, New York Times, Amazon Web Services Locations: New Mexico, Wall, Silicon, Kaiser
We are buying 75 shares of GE HealthCare Technologies (GEHC), at roughly $67.51 apiece. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 1,170 shares of GEHC, increasing its weighting in the portfolio to 2.74% from 2.57%. Meanwhile, GE HealthCare management is expected to attend the Wells Fargo Healthcare conference on Thursday and is set to address the Morgan Stanley Global Healthcare conference next Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Healthcare and technology, Doctor using digital tablet with icon medical network on hospital background ipopba | iStock | Getty Images
Persons: Jim Cramer's, Morgan, Wells Fargo, Morgan Stanley, Jim Cramer, Jim Organizations: GE HealthCare Technologies, GEHC, General Electric, GE, GE HealthCare, Wells, Healthcare, Morgan Stanley Global Healthcare, CNBC, iStock, Getty
Themed “Unleashing the potential and value of the African Creative Industry,” the continent’s billion-dollar creative industry will be at the center of conversations at the event, which aims to shine a spotlight on the possibilities and untapped value that the industry holds. Courtesy Platform CapitalAs an advocate for the continent’s cultural potential, Akindele is passionate about changing misconceptions surrounding the African creative industry at Africa Walk. “There’s a myth about the creative industry (in Africa) - that it is not structured and that you cannot put money in there,” he said. Similar to the oil industry’s success, the creative industry requires a lot of refineries to produce the finest oil product. The same refining is highly needed for our creative industry now,” said the singer whose real name is Oladapo Daniel Oyebanjo.
Persons: , Lehle Balde, Akintoye Akindele, ” Akindele, Lai Mohammed, Renee Yao, , Nollywood, Party ”, Afrobeats, Kunle Remi, D’banj, creatives, “ I’ve, Daniel Oyebanjo, Oyebanjo, Riyah Abdul, ” Abdul Organizations: Nigeria CNN, Capital, CNN, African Creative Industry, Nigerian Information, Global Healthcare, Nvidia, Party, Africa Locations: Abuja, Nigeria, Africa, Senegal, Dakar, Lagos, Europe, North America, Asia, South Africa, Kenya
NEW YORK, July 7 (Reuters) - Barclays Plc (BARC.L) has hired Jim Birchenough from Wells Fargo & Co (WFC.N) as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday. Birchenough last served as vice chairman of biopharma investment banking at Wells Fargo. In his new role, Birchenough will also lead Barclays' global biopharma investment banking unit alongside Alexis de Rosnay, who joined the bank last year and is taking on an expanded role in addition to his responsibilities as chairman of global healthcare investment banking. More than two dozen U.S. investment bankers have left Barclays since January when it named two new global co-heads of investment banking. They are Cathal Deasy, former co-head of Credit Suisse Group AG investment banking and capital markets, and Taylor Wright, former co-head of Morgan Stanley (MS.N) global capital markets.
Persons: Jim Birchenough, Birchenough, Wells, Alexis de Rosnay, Darren Campili, Jim, Richard Landgarten, Cathal Deasy, Taylor Wright, Morgan Stanley, David Carnevali, Anirban Sen, Mark Porter, Will Dunham, Richard Chang Organizations: YORK, Barclays Plc, Wells Fargo & Co, Reuters, Barclays, BMO Capital Markets, Lehman Brothers, Wells, Credit Suisse Group, Thomson Locations: Wells, Wells Fargo, San Francisco, New York
Logitech — Shares tumbled 12.3% after the company announced president and CEO Bracken Darrell is departing. Toyota — The Japan-based automaker's shares gained 4.5% Wednesday. Lumen Technologies — The telecommunications stock gained 6% during midday trading Wednesday, adding to the 16% advance that was made Tuesday. Earlier in the week, the company announced a new partnership with electric vehicle software charging company ev.energy. Advanced Micro Devices — The chip stock gained nearly 2% in midday trading, a day after the company announced its latest artificial intelligence chips.
Persons: Bracken Darrell, UnitedHealth — UnitedHealth, John Franklin Rex, Akio Toyoda, Lumen, Roth MKM, Goldman Sachs, Bernstein, Bud, Raymond James, Buster's, Cinemark, Riley, Li Auto, Morgan Stanley, Wolfe, it's bullish, Gordon Haskett, SVB, — SoFi, Estée Lauder —, — CNBC's Michelle Fox, Yun Li, Sarah Min, Hakyung Kim Organizations: Logitech, Swiss Federal Institute of Technology of, Citi, Goldman, Global Healthcare, Toyota, Lumen Technologies, Google, Microsoft, Maxeon, Technologies, Reuters, Services, AMD, Anheuser, Busch InBev —, Netflix, Wolfe Research, Barclays, SVB Securities, Berenberg Locations: Swiss Federal Institute of Technology of Lausanne, Lausanne, Switzerland, Japan, Latin America
A.I. takes center stage at HIMSS health conference
  + stars: | 2023-04-21 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +5 min
HIMSS conference attendees walk the exhibition floor Source: HIMSSDebates over artificial intelligence and its role in health care took center stage at the HIMSS Global Health Conference in Chicago this week, where more than 35,000 physicians, executives, engineers and health-care workers convened to discuss the latest advancements in health and technology. Generative AI refers to programs that can use fairly complicated prompts from end users to generate text or images. Just as generative AI has captured the attention of the general public, it has also captivated the medical community. HIMSS attendees told CNBC they believe generative AI can help with these tasks. More than 35,000 people attended the HIMSS conference in 2023 Source: HIMSS
But with increasing patient demand and complexity, there are not enough doctors in the healthcare system to match that level of care, he said. With its promise of free universal healthcare, the UK's National Health Service has long been a source of national pride. A growing number of clinicians are becoming "doctorpreneurs," applying their first-hand experience in healthcare to build startups to help fill that gap. As clinicians in the UK expand their startups abroad, they predict the doctorpreneur trend will become a global phenomena — with health startups in other countries looking to the UK for inspiration. Selim noted that many doctors — across continents — are also incentivized by a unifying mission, which is to offer patients hope.
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