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☆ Pfizer is betting big on cancer drugs to turn business around after Covid decline – here's what to know
▼ + stars: | 2024-03-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +13 min

Now, the company is betting on cancer drugs to help it regain its footing after a rocky year marked by the rapid decline of its Covid business. That $43 billion Seagen acquisition doubled Pfizer's oncology drug pipeline to 60 different experimental programs. Some analysts noted that it might take a few years for some of Pfizer's cancer drugs in mid-stage development to show pivotal clinical trial data and become less risky. Revenue from the blockbuster breast cancer drug Ibrance and prostate cancer treatment Xtandi, which Pfizer shares with Astellas Pharma, has declined over the past year. They are among the most expensive prescription drugs in the U.S. Before the Seagen deal, 94% of Pfizer's cancer products were small-molecule drugs.

Persons: Wall, Seagen, Chris Boshoff, Boshoff, David Ryder, Trung Huynh, Joe Biden's, Chris Schott, Suneet Varma, RemeGe, Merck, Padcev, Guggenheim, Pfizer's, Pfizer hasn't, Dr, Mikael Dolsten, Irfan Khan Organizations: Nurphoto, Getty, Pfizer, Astellas Pharma, Guggenheim, Bloomberg, UBS, Medicare, Drug Administration, FDA, ADC, JPMorgan, Drugs, CNBC, CVS Pharmacy, Los Angeles Times Locations: Covid, Bothell , Washington, U.S, biologics, China, Eagle Rock , California

☆ Covid vaccine rates in the U.S. are slumping — and it will be a challenge to boost them
▼ + stars: | 2023-11-30 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +10 min

In this article PFEMRNANVAX Follow your favorite stocks CREATE FREE ACCOUNTA sign advertises Covid vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, on Aug. 14, 2023. Brian Snyder | ReutersThree years into the Covid-19 pandemic, few Americans are rolling up their sleeves to get a Covid vaccine. Experts and vaccine makers can agree that low Covid vaccination rates are concerning, even as cases of the virus dwindle from their pandemic highs. However, Iovine of the University of Florida doesn't believe combination shots will have a significant effect on Covid vaccination rates. If combination shots don't do the trick, it's unclear what else could boost Covid vaccination rates down the line.

Persons: Brian Snyder, Ali Mokdad, Mokdad, Irfan Khan, Jennifer Kates, Brad Pollock, Nicole Iovine, epidemiologist, Iovine, Michael Yee, Albert Bourla, Arpa Garay, Garay, John Trizzino, Trizzino, Jamey Mock, Andrew Pekosz, Jefferies, Yee, doesn't Organizations: Walgreens, Reuters, Pfizer, Moderna, Centers for Disease Control, CDC, University of Washington, CVS Pharmacy, Los Angeles Times, KFF, UC Davis Health's, University of Florida, Jefferies, Arpa, CNBC, Istock, Getty, Johns Hopkins Bloomberg School of Public Health Locations: Somerville , Massachusetts, U.S, Novavax, Covid, Eagle Rock , California

☆ Some pharmacy staff from Walgreens, other chains are walking out again — here's what you need to know
▼ + stars: | 2023-10-29 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +11 min

The company's ongoing efforts are focused on how it can recruit, retain and reward pharmacy staff, the spokesperson said. CVS pharmacists make $61.44 an hour on average, while Walgreens pharmacists make $53.85 per hour on average, according to employment website Indeed. However, some Walgreens pharmacy staff told CNBC that the company continues to push their stores to hit performance goals for tasks like verifying prescriptions. IAM Healthcare did not immediately respond to a request for comment, while UFCW has expressed its support for the recent walkouts staged by Walgreens and CVS pharmacy staff. People make their way near a Walgreens pharmacy in New York City, March 9, 2023.

Persons: Brian Snyder, Shane Jerominski, walkouts, Stephanie Keith, I've, Irfan Khan, aren't, Jerominski, UFCW, Leonardo Munoz Organizations: Walgreens, Reuters, CNBC, CVS, Rite Aid, Kansas City, Bloomberg, Getty, Food and Drug Administration, Pfizer, CVS Pharmacy, Los Angeles Times, Kroger, IAM Healthcare, United Food, Commercial Workers International Union, Corbis Locations: Somerville , Massachusetts, Kansas City, Kansas, U.S, Massachusetts , Pennsylvania, California , Texas , Michigan , Missouri, Indiana, New York, Eagle Rock , CA, Canada, New York City

☆ Younger baby boomers are facing a homelessness crisis as rents skyrocket and outpace Social Security
▼ + stars: | 2023-09-15 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisementAccording to the Social Security Administration, the average Social Security benefit is now $1,706 per month, more than $300 below the nearly record-high national median rent price of $2,052. AdvertisementAdvertisementA Wall Street Journal analysis of federal data found the US had at least 600 fewer nursing homes than it did in 2017. A Florida Housing Coalition study found the state had only 25 affordable and available rental units for every 100 extremely low-income renters. AdvertisementAdvertisementWithout COVID-19-relief resources, many older people are relying even more on their Social Security benefits.

Persons: Barbara DiPietro, Irfan Khan, Donald Whitehead Jr Organizations: Service, Department of Housing, Urban, Wall Street, Health Care, Homeless Council, Street, of California, Social Security Administration, Security, Medicaid, Florida Housing Coalition, National Coalition for, Homeless, Social Security, AARP Locations: Wall, Silicon, California, San Francisco, Florida, Florida . North Carolina, COVID

☆ Taylor Swift urged to postpone LA shows amid hotel strike
▼ + stars: | 2023-08-03 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —“Swifties” heading to Los Angeles to see Taylor Swift concerts this week may find a large number of staff at their hotels on strike when they get there. Some California politicians wrote to Swift this week urging her to cancel her shows in LA, which run from Thursday through August 9. The politicians said Swift’s shows would be money makers for the hotels they are battling. Irfan Khan/Los Angeles Times/Getty ImagesThe open letter addressed to Swift said, “We are writing in support of the hotel housekeepers across Los Angeles. “In Los Angeles, hotels are doubling and tripling what they charge because you are coming… but many workers cannot afford to live close to where they work.

Persons: Taylor Swift, Swift, Gov, Eleni Kounalakis, JW, Beverly Hilton, Seasons Regent Beverly Wilshire, Irfan Khan, “, – CNN’s Chris Isidore Organizations: New, New York CNN, SoFi, Westin LAX, Democrat, CNN, Ritz, Carlton, JW Marriott LA, Anaheim Hilton, Seasons Regent, Hyatt Regency LAX, Los Angeles Times Locations: New York, Los Angeles, LAX, California, LA, Southern California, Orange, Fairmont Miramar, Anaheim, Los Angeles , CA

☆ Scorching temperatures are making delivery a dangerous job — and it's only getting worse
▼ + stars: | 2023-07-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +10 min

Even outside the hottest US states, heat that delivery workers aren't used to can be dangerous. Several delivery driver deaths have triggered changes. In recent years, delivery drivers reporting heat-related illnesses were second only to construction workers, according to OSHA statistics reported by E&E News. The 2022 death of 24-year-old Esteban Chavez, a UPS driver in Southern California, made national headlines. But his death came less than a year before the International Brotherhood of Teamsters, which represents UPS workers, began re-negotiating its contract with UPS.

Persons: aren't, Jeff Goodell, Goodell, Shawndu Stackhouse, Tom Williams, Esteban Chavez, AccuWeather, Chavez wasn't, wasn't, Chavez, Spencer Platt, it's, James Daniels, San Clemente , CA, Irfan Khan, Greg Abbott Organizations: FedEx, heatwave, OSHA, E, D.C, Inc, Getty, Brotherhood of Teamsters, UPS, —, Los, Los Angeles County Coroner's, Labor Department, of Occupational Safety, Health, Broadway, New York City, Postal Service, it's, Los Angeles Times, Amazon, Texas Gov Locations: Portland, Yosemite, Vermont —, Northeast Washington, Northern California, Southern California, Pasadena , California, Los Angeles County, California, New york City, New York, Texas, San Clemente ,, New York City

☆ Upfront's Mark Suster has become the star of LA's booming startup scene. Not everyone is a fan.
▼ + stars: | 2023-04-18 | by ( Ben Bergman | ) www.businessinsider.com time to read: +29 min

"I have worked with more than 50 VCs and nobody comes close to what it is like to work with Mark Suster," said a founder backed by Suster. "Mark and the Upfront Summit helped put LA tech and investing on the map," said Jeffrey Katzenberg, the cofounder of DreamWorks and WndrCo. Several years ago, a founder whose startup Suster invested in was in a conference room rehearsing their presentation for the Upfront Summit. If you're going to put him on your board, you're letting the fox guard the henhouse. "If you're going to put him on your board, you're letting the fox guard the henhouse."

[1/5] Daughter of Irfan Khan, a police officer, who along with other police officers was killed, weeps during a protest by police officers to condemn the suicide blast in a mosque in Peshawar, Pakistan February 1, 2023. REUTERS/Fayaz AzizPESHAWAR, Pakistan, Feb 2 (Reuters) - The suicide bomber who killed more than 100 people at a mosque in a police compound in the Pakistan city of Peshawar this week wore a police uniform and entered the high security area on a motorbike, a provincial police chief said on Thursday. Ansari said the CCTV footage showed the bomber, wearing a helmet and a mask, riding his motorbike through the main checkpoint of Police Lines. He then parked his bike, asked directions to the mosque and walked there, Ansari added. All but three of those killed were police officers, making it the worst attack on Pakistani security forces in recent history.

A small group of Los Angeles city leaders faced shame and castigation after an audio recording of racist remarks at a private meeting surfaced Sunday. The most egregious remarks were uttered by City Council President Nury Martinez, who seemed to verify the 2021 recording by apologizing to constituents. Los Angeles City Councilmember Kevin de León and City Council President Nury Martinez confer at council meeting on Oct. 4. Martinez and de León and other Latino council members apologized Sunday after The Los Angeles Times reported that they had been taped making racist comments in a private meeting. The three issued a joint statement Sunday night that called past City Council support for Black Lives Matter "a facade."

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