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Veteran Republican operative, Steven Moore, relocated to Kyiv after Putin's full-scale invasion. Within a week of Putin declaring war on Ukraine in 2022, Moore founded the Ukraine Freedom Project (UFP). If we don't continue to support Ukraine, then the Russians will roll through Ukraine," Moore told BI. 'I'm doing the right thing'Steven Moore, founder of the Ukraine Freedom Project, pictured in front of a bombed out building in Irpin. In the early months of the war, Moore witnessed civilian casualties he saw pouring in from battles in Irpin and Bucha.
Persons: Steven Moore, Moore, , Peter Roskam, Putin, Mike Johnson, They're, I'm, Karl Ahlgren, Steven Moore Moore, Anatoly, didn't, Rebekah Maciorowski, " Moore Organizations: Republican, Service, Capitol, Washington DC, Republicans, GOP, Ukraine Armed Forces, NATO, Medical, Network Inc, Ukraine Locations: Kyiv, Ukraine, Israel, Taiwan, Ukrainian, Chernivtsi, Iraq, Afghanistan, Kherson, Russia, Avdiivka, Irpin, American, Tulsa , Oklahoma, Russian, Kramatorsk, Oklahoma, Bucharest
California has served me well and the industry has certainly served me well, but it's just, wow. California has too many rules and regulations for businessesIn California, there are so many rules and regulations that change constantly. They're going to go down to those making $50,000, $40,000, $30,000. Jeffrey VonderHaarIn Texas, we got a large home with wide open spacesI've been doing business in Texas since 2016. Moving to Texas is disrupting in terms of my business because now I'm going to have to have a second front.
Persons: Jeffrey VonderHaar, I've, we've, You've, you've, They're, COVID, they've, It's, We'll, It'd Organizations: Business Locations: Calabasas , California, Houston, California, Dallas , Texas, Calabasas, Texas, Los Angeles, Woodland Hills, Beverly Hills, Jeffrey VonderHaar In Texas
Morgan Stanley initiates Ford as a top pick Morgan Stanley said it's standing by its top pick status on Ford. Morgan Stanley initiates Dynatrace as equal weight Morgan Stanley initiated the software stock with an equal weight and said patience is needed. Morgan Stanley reiterates Disney as overweight Morgan Stanley said Disney's participation in a sports streaming bundle is 'low-risk." Morgan Stanley adds Huntington Bancshares to the financials finest list Morgan Stanley added the regional bank to its financials finest list. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the stock, but that the company will need "substantial funding" to complete its Georgia plant.
Persons: Goldman Sachs, Goldman, ANET, hyperscaler, Morgan Stanley, Ford, it's, Dynatrace, Redburn, Evercore, Susquehanna, Piper Sandler, Trimble, Piper, Riley, Bernstein, Disney, Huntington Bancshares, Huntington, Banks, Stephens, Cantor Fitzgerald, Stratasys, Cantor, Rivian Organizations: Arista Networks, Ford, downgrades, Airlines, UBS, Nvidia, NextEra Energy Partners, Taiwan Semiconductor, Apple, Apple Services, DIS, FOX, Deutsche Bank, Walmart, Citi, GSK, " Bank of America, of America Locations: NVDA's, North America, NAPA, Georgia
There’s a whip-smart 10-year-old girl in Gaza who speaks good English, displays a radiant smile and seemed to have a bright future. Instead, she’s lying in a hospital bed with a badly infected wound in her thigh from a bomb blast. “She was supposed to be in Japan,” said Dr. Samer Attar, an orthopedic surgeon who cared for the girl and told me about her. Dr. Attar said the girl needed an amputation at the hip to save her life. Her dad, struggling to come to terms with how his and his daughter’s lives have collapsed, is resisting for now.
Persons: There’s, , Samer Attar, Attar, Iraq —, Dr Organizations: Northwestern University School of Medicine, Rahma Locations: Gaza, Japan, Aleppo, Syria, Ukraine, Iraq
Photographer: Luke Sharrett/Bloomberg via Getty ImagesShares of Humana plummeted on Thursday after the health insurer issued dismal full-year earnings guidance, citing soaring medical costs that are dogging the broader insurance industry. The guidance adds to Wall Street's concerns about health insurance company profits falling as medical costs jump. UnitedHealth on Friday also reported its own jump in medical costs, though it was less extreme than Humana's. Its forecast dragged down other health insurance stocks. But unlike Humana, the insurer forecast 2024 earnings above estimates on Wednesday, after higher premiums in its commercial business helped control medical costs in the fourth quarter.
Persons: Luke Sharrett, Cigna, Humana Organizations: Humana Inc, Bloomberg, Getty, Humana, CVS Health, Elevance, Medicare Locations: Louisville , Kentucky, U.S
NEW YORK (AP) — Franz Welser-Möst is back on the Cleveland Orchestra's podium, concentrating again on music instead of his health. Political Cartoons View All 253 ImagesWelser-Möst had surgery Sept. 1 to remove a cancerous tumor from his bladder and came back to Cleveland to conduct the orchestra's season opener on Sept. 28. Both are very well now, so there’s every reason to be optimistic.”Welser-Möst has been Cleveland's music director since 2002-03 and has appointed 69 musicians, including 52 of the current 105 members. And in those days, of course, I was like: How on earth is he doing that?”Welser-Möst first conducted the Cleveland Orchestra in 1993 and became music director for the 2002-03 season. On the afternoon of his return concert on Jan. 11, he announced he will retire as music director at the end of 2026-27, his 25th season.
Persons: — Franz Welser, , George Szell, , Verdi's, Möst, André Gremillet, Franz Leopold Maria Möst, Baron Andreas von Bennigsen, Herbert von Karajan, Karajan, Albert Moser, Vienna’s, “ I’d, wasn't, “ I’m, Clive Gillinson, he's, Beethoven's, Strauss, “ I’ve, Riccardo Muti, Gustavo Dudamel Organizations: Cleveland, Cleveland's Severance Music Center, Carnegie Hall, Vienna Philharmonic, Vienna State Opera, Salzburg Festival, Cleveland Orchestra’s, Berlin Philharmonic’s, Karajan, Cleveland Orchestra, Carnegie, ” Carnegie Hall, Chicago Symphony Orchestra, Los Angeles Philharmonic, New York Philharmonic, Locations: Austrian, Austria, New York, Naples, West Palm Beach , Florida, Cleveland, Vienna, Linz, Welser, Liechtenstein, Salzburg, Berlin, York, Weimar Republic, Weimar, Zurich, U.S
CNN —An NFL official who was involved in a collision with New Orleans Saints running back Alvin Kamara suffered a fractured fibula and a dislocated knee and will have surgery, the team announced on Monday. In the second quarter of the Saints’ game against the Detroit Lions at the Caesars Superdome on Sunday, Kamara was tackled close to the sideline of the field before falling to the ground as a result of the hit. The Saints said that Piazza had undergone an MRI on Monday and was seen to by an orthopedic doctor. He was found to have suffered a fractured fibula and a dislocated knee but his “blood vessels remain intact” and would have surgery likely next week. “He appreciates the many well wishes and the continued care he continues to receive,” the Saints said.
Persons: CNN —, Alvin Kamara, Kamara, Nick Piazza, Piazza Organizations: CNN, NFL, New Orleans Saints, Saints, Detroit Lions, Caesars Locations: New
THE WORLD IN A WINEGLASS: The Insider’s Guide to Artisanal, Sustainable, Extraordinary Wines to Drink Now, by Ray IsleWinery owners appear to lead charmed lives. So, too, do wine writers and critics, if their small talk and Instagram feeds can be believed. A lot of chateaus, grand vistas, infinity pools, delicate stemware and candlelit dinners in private rooms seem to be involved. Robert M. Parker Jr. changed wine criticism and wine sales in the 1980s by circumventing language altogether. Early in Ray Isle’s elephantine, hernia-inducing new guidebook, “The World in a Wineglass: The Insider’s Guide to Artisanal, Sustainable, Extraordinary Wines to Drink Now,” the author pauses to complain about the fruit-dependent tasting notes wine writers employ.
Persons: Ray, , Pliny the Elder, James Thurber, Tony Hoagland, Dean Young, Robert M, Parker Jr, Robert Moses, Ray Isle’s elephantine Organizations: Ray Isle Winery, Yorker, Little League Locations: Ray Isle, Burgundy
His review was fake — part of an effort to boost the online ratings for Dr. Mohrmann’s business using phony positive reviews, according to an analysis by Fake Review Watch, an industry watchdog. Last month, Dr. Mohrmann agreed to pay a $100,000 penalty to settle with New York’s attorney general on charges of deceiving the public with fake reviews. The fake review for Dr. Mohrmann is just one example of the billion-dollar fake review industry, where people and businesses pay marketers to post fake positive reviews to Google Maps, Amazon, Yelp and other platforms, and deceive millions of customers each year. Fake reviews are as old as the internet itself, and they are illegal and banned by online platforms. But fake review businesses have continued to blossom anyway.
Persons: Mark J, Mohrmann, Yelp, “ Dr, Mark Organizations: Fake Review, New, Google
Walmart (WMT.N) expects revenues from its health and wellness products to increase in the second half of the year, mainly due to the popularity of weight-loss drugs. PepsiCo (PEP.O) Chief Financial Officer Hugh Johnston has said the company is "not seeing any impact" yet from the popularity of weight-loss drugs. Coca-Cola (KO.N) CEO James Quincey said the company was monitoring what impact, if any weight-loss drugs will have. Abbott CEO Robert Ford has said diabetes patients could end up using glucose monitors with the weight-loss drugs in the long term. DRUG DISTRIBUTORSCencora (COR.N), formerly called AmerisourceBergen, Cardinal Health (CAH.N) and McKesson (MCK.N) have flagged potential boost to revenues this year owing to the growing demand for weight-loss drugs.
Persons: Victoria Klesty, Eli Lilly's, Eli Lilly's Zepbound, Hugh Johnston, James Quincey, Michele Buck, Dr Pepper, Robert Gamgort, Johnson, Joseph Wolk, Robert Ford, Michael Farrell, Bhanvi Satija, Ananya Mariam Rajesh, Mrigank Dhaniwala, Arun Koyyur Organizations: REUTERS, U.S . Food, Drug Administration, Walmart, PepsiCo, J, Abbott Laboratories, Insulet Corp, Boston Scientific, Cardinal Health, Thomson Locations: Oslo, Norway, Victoria, U.S, GLP, Bengaluru
Sales at Zimmer's knees unit rose 7.5% to $706.3 million, compared to analysts' estimate of $702.9 million. That helped cushion a miss at its hips unit, where sales of $465.3 million compared with estimates of $481.7 million. The Indiana-based company's third-quarter revenue rose 5% to $1.75 billion, in line with analysts' average estimates. Zimmer had said earlier that it expects second- and third-quarter revenue to be a "little bit lighter" compared to the first quarter. The hip and knee implant maker cut its full-year reported revenue forecast to a growth of 6% to 6.5% from 6.5% to 7.0% earlier while backing its full-year profit forecast of $7.47 to $7.57 per share.
Persons: Zimmer Biomet, Moritz Hager, Zimmer, Johnson, Ivan Tornos, Christy Santhosh, Sriraj Organizations: REUTERS, Zimmer Biomet Holdings, Laboratories, Boston, Thomson Locations: Winterthur, Switzerland, Indiana, Bengaluru
Bittersweet goodbye for Gaza doctor as family leaves enclave
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +2 min
[1/3] Palestinian doctor Mohammad Abu Namoos, who chose to stay in Gaza to treat patients, says goodbye to his family before they leave the strip, amid the ongoing conflict with Israel, at Rafah border crossing, in Rafah in the southern Gaza Strip, November 7, 2023. Namous' family, who hold Moldovan citizenship, are among hundreds of Gazans with foreign passports being permitted to leave to Egypt through the crossing, the only way out of the besieged Palestinian enclave that does not border Israel. The entire Gaza Strip is unsafe. "Of course, I am getting them out, but I myself will be staying in the Gaza Strip. Abu Namous' daughter, Dina, said she felt both excited and sad at the prospect of leaving.
Persons: Mohammad Abu Namoos, Abu Mustafa, Mohammad Abu Namous, Namous, Abu Namous, Zahra, U.N, General Antonio Guterres, Dina, Arafat Barbakh, Ibraheem Abu Mustafa, Imad Creidi, Deepa Babington, Rosalba O'Brien Organizations: REUTERS, Moldovan, Reuters, Palestinian, Hamas, Health, Thomson Locations: Gaza, Israel, Rafah, Egypt, al
The vast majority of fatalities – 73% – are women, children and the elderly, according to the health ministry. Women are in great pain, they sleep on the floors, without mattresses,” Bashir, the 32-year-old mother, told CNN. She told CNN she received confirmation the products reached the Rafah crossing, but does not know when the aid will enter Gaza. Palestinian mothers told CNN they cannot protect their kids from the terror of Israel's persistent bombardment. Ahmad Hasaballah/Getty ImagesSo many aspects of motherhood, once routine, are now a matter of life or death.
Persons: , MedGlobal, OCHA, ” Musleh, “ I, can’t, , Ahmed Al, Sadi, , Tanya Haj, Hassan, Médecins, jeopardizing, ” Haj, Hiba Tibi, Israel's, Said Khatib, Amal, Khan Younis, Bashir, Heather Barr, Barr, ” Bashir, CNN Amal, Nesma ElFar, MotherBeing, , ’ ” Haj, Ahmad Hasaballah, Musleh, Organizations: CNN, US, Palestinian Ministry of Health, Palestinian Medical Relief Society, Medical, CARE International, CARE ., CARE West Bank, UN, Getty, Haj, International Planned Parenthood Federation, Human Rights Watch Locations: Al, Gaza, Ramallah, Israel, Rafah, Egypt, AFP, Gaza City, Cairo, Khan, Palestine
Memon, who cofounded the artificial-intelligence healthcare startup Eureka Health, credits rucking with conditioning his body to keep up with his high-energy pup. Memon hiking around the Bay Area with a weighted backpack. She told Insider she'd seen an uptick in people interested in adding rucking and weight training to their outdoor activities like trail running and hiking. He doesn't ruck outside but wears a weighted vest purchased from Amazon while completing his routine in the gym, which includes time on the StairMaster as well as lifting traditional weights. The venture capitalist Zamir Shukho's dog, Lord Lincoln, wears a weighted vest on walks.
Persons: Zain Memon, Joy, Zain Memon Memon, Memon, It's, , Henry Merriam, REI, Wilson Kriegel, — Kriegel, Wendy Winn, she'd, Winn, Charlie Hale, I'm, Amanda Bradford, rucking, She's, Bradford, I've, Zamir Shukho's, Lord Lincoln, Zamir Shukho, begrudgingly, Vibranium.VC Organizations: Eureka Health, US Army, National Parks Service, Amazon, Group Locations: Buena Vista, Sutro, San Francisco, Silicon, TikTok, North, New York City, New York, Los Angeles, Austin , Texas, Bird, American Staffordshire
Hospitals in the Gaza Strip are nearing collapse under the Israeli blockade that cut power and deliveries of food and other necessities to the territory. Israel's offensive has devastated neighborhoods, shuttered five hospitals, killed thousands and wounded more people than its remaining health facilities can handle. The medical center is still treating hundreds of patients in defiance of an evacuation order the Israeli military gave Friday. A shortage of surgical supplies forced some staff to use sewing needles to stitch wounds, which Abed said can damage tissue. When Israel cut fuel to the territory's sole power plant two weeks ago, Gaza's rumbling generators kicked in to keep life-support equipment running in hospitals.
Persons: Nidal Abed, Abed, ” Abed, doesn’t, ” Mehdat Abbas, , Khan Younis, Mohammed Abu Selmia, ___ DeBre Organizations: Israel, Hamas, Associated Press, Al Quds Hospital, World Health Organization, Health Ministry, United Nations, Nasser Hospital, Shifa Hospital, Gaza’s Locations: DEIR, Gaza, Gaza City, Al Quds, Egypt, Israel, Jerusalem
But CNN’s analysis suggests that a rocket launched from within Gaza broke up midair, and that the blast at the hospital was the result of part of the rocket landing at the hospital complex. All agreed that the available evidence of the damage at the site was not consistent with an Israeli airstrike. In the past few days, a number of outlets have published investigations into the Al-Ahli Hospital blast. CNN geolocated the hospital blast by referencing nearby buildings just west of the complex. Marc Garlasco, the former defense intelligence analyst and UN war crimes investigator, says there are signs of a lack of evidence at the Al-Ahli Hospital site.
Persons: Joe Biden, , Israel, , Abed Khaled, Jazeera, Al, ” Markus Schiller, Cedric Leighton, Chad Ohlandt, PIJ, Fadel Na’eem, Na’eem, Dr, , , Marc Garlasco, Chris Cobb, Smith, I’ve, we’ve, ” Cobb, Patrick Senft, Senft, it’s, There’s, Cobb Organizations: CNN, Palestinian, National Security Council, Shifa, Ahli Baptist Hospital, Israel, Al, NATO, European Union, US Air Force, US National Security Agency, Rand Corporation, , Brigades, Quds Brigades, IDF, UN, Amnesty International, Armament Research Services, Islamic Locations: Ahli, Gaza City, Gaza, Israel, Islamic, Al, Al Jazeera, Tel Aviv, Europe, Washington , DC, Ashdod, Quds, rummage
While generative AI startups are attracting more investment overall, 2023 could be a notably slow year for venture capital investment in sports AI following several years of activity, according to new data from PitchBook. The year could mark the lowest level of investment in the sector since 2018 when PitchBook tracked just under $200 million in VC activity. Both those years had 114 VC investments, compared to just 54 in 2023 through mid-October, PitchBook data shows. These are the top 16 highest-valued sports AI companies globally in 2023, according to PitchBook:1) SigmaStar — $4.55 billion. The Beijing-based computer vision technology company offers solutions in sports and health, evaluating movement in real-time, according to its website.
Persons: PitchBook, Hudl, STATSports, Creatz, Ligatech, Simplebet, Zepp Organizations: Yi Technology, WSC Sports, Cleveland Cavaliers, Kakao, Arsenal FC, US, National Soccer Team, Duke University, Kansas City Chiefs, Ligatech, Tempus, Francisco's Tempus, Chelsea FC, NFL, Sports, NBA, MLS, Premier League, AI Research Locations: deepfakes, Beijing, Israel, New York, Korean, Europe, Mexico, Lincoln , Nebraska, Northern Ireland, Shanghai, PitchBook, Los Angeles, China, Vancouver
Corporate America weighs risks of the Ozempic effect
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +3 min
Walmart (WMT.N) expects revenues from its health and wellness products to increase in the second half of the year, mainly due to the popularity of weight-loss drugs. PepsiCo (PEP.O) Chief Financial Officer Hugh Johnston has said the company is "not seeing any impact" yet from the popularity of weight-loss drugs. Abbott Laboratories (ABT.N), which makes glucose monitoring products, has said that the market was overestimating the impact to its sales from growing popularity of the drugs. Abbott CEO Robert Ford has said that diabetes patients could end up using glucose monitors with the weight-loss drugs in the long term. DRUG DISTRIBUTORSCencora (COR.N), formerly called AmerisourceBergen, Cardinal Health (CAH.N) and McKesson (MCK.N) have flagged potential boost to revenues this year owing to the growing demand for weight-loss drugs.
Persons: George Frey, Eli Lilly's, Hugh Johnston, Johnson, Joseph Wolk, Robert Ford, Bhanvi, Mrigank Organizations: Novo Nordisk, Pharmacy, REUTERS, Walmart, PepsiCo, Abbott Laboratories, Insulet Corp, Cardinal Health, Thomson Locations: Provo , Utah, U.S, Bengaluru
CNN —A day after a deadly blast tore through Al-Ahli Baptist Hospital in Gaza, sparking protests across the region, the United States has released its own assessment of what caused the devastation. Islamic Jihad – a rival group to Hamas – has denied responsibility. Here’s a look at what we know – and don’t know – so far. Dr. Fadel Na’eem, head of the orthopedic department, said he was performing surgery when a deafening blast sounded through the hospital. Israel has provided the US with intelligence it has gathered related to the deadly Gaza hospital explosion, according to an Israeli official and another source familiar with the matter.
Persons: Joe Biden, , Israel, , Ali Jadallah, Fadel Na’eem, Gaza City's, Mohammed Al, Masri, Abed Khaled, Na’eem, , Jonathan Conricus, ” Israel, Lior Haiat, Al, Israel “, Biden, Benjamin Netanyahu, we’ve, ” Biden, Adrienne Watson Organizations: CNN, Ahli Baptist Hospital, Wednesday, National Security Council, Health Ministry, Getty, Alhi Baptist, geolocated, Shifa, Reuters, Health, Israel Defense Forces, Islamic, IDF, Israel Foreign Ministry, , Israel, US National Security Council, Israeli, Intelligence, Palestinian, United Nations, United Arab, West Locations: Al, Ahli, Gaza, United States, Israel, Anadolu, Gaza City's Al, Saudi Arabia, Jordan, Egypt, United Arab Emirates, Iraq, Lebanon, Kuwait, Tunisia, West Bank, Ramallah
More than half of Russian troops injured in the Ukraine war have had amputations, a Russian official said. Hundreds of thousands of Russian troops have been injured or killed since the start of the war. AdvertisementAdvertisementMore than half of the Russian troops wounded in the Kremlin's grinding war against Ukraine are now amputees, according to a Russian government official who called the situation a "glaring" problem. Upper limb amputations account for 20% of the amputations that Russian soldiers wounded on the battlefields in Ukraine have had, Vovchenko noted, Rossiyskaya Gazeta reported. AdvertisementAdvertisementVovchenko said that an average of three prosthetic and medical care products have been prescribed to injured Russian troops seeking treatment.
Persons: Alexey Vovchenko, Gazeta, , Rossiyskaya Gazeta, Vovchenko, Oleksandr Vynogradov Organizations: Service, Labor, Social, Russian Federation, Rossiyskaya, Federation Council, New York Times Locations: Ukraine, Russia
Gaza hospital blast: what we know about the explosion
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +7 min
Rescue personnel work at scene At Al-Ahli Hospital, after hundreds of Palestinians were killed in a blast at Al-Ahli hospital in Gaza that Israeli and Palestinian officials blamed on each other in Gaza City, Gaza Strip, in this screen grab obtained from video, October 17, 2023. Some Western countries have called for an investigation, without pointing the finger at this stage, while Arab states have blamed Israel. Founded 1882 and run by the Anglican church, Al Ahli Arab Hospital described itself on its website as "a haven of peace in the middle of one of the world’s most troubled places". It is located in the Zeitoun neighbourhood of Gaza City, which lies in the northern region of the Gaza Strip. Israel previously told Palestinians in the north of Gaza, including people in Gaza City, to move south for their own safety.
Persons: Joe Biden, Biden, Israel, Dr Fadel Naim, Dr Ibrahim Al, Naqa, Dr Naim, Dr Naqa, Ismail Haniyeh, Washington, Benjamin Netanyahu, Justin Welby, Canterbury, Lord God, Jordan's King Abdullah, Edmund Blair, Angus MacSwan Organizations: REUTERS, Reuters, U.S, Hamas, WHO, Palestinian, Al Ahli Arab Hospital, Islamic, West Bank, Authority, Israel Defense Forces, Intelligence, UNITED STATES, Israeli, Protesters, Thomson Locations: Al, Ahli, Gaza, Gaza City, Israel, GAZA, Al Ahli, Zeitoun, Kuwaiti, Rafah, Palestinian, United States, Islamic Jihad, Israeli, Amman, Egypt, Lebanon, Iran, Beirut
The logo of Johnson & Johnson is seen on a Brussels' office of the company in Diegem, Belgium September 21, 2023. J&J raised its annual profit forecast, helped by strong sales from its pharmaceutical business, and shares of the U.S. healthcare conglomerate were off about 1%. Excluding its consumer health unit, J&J now expects 2023 adjusted profit of $10.07 to $10.13 per share, up from its previous view of $10.00 to $10.10. Sales at J&J's medical device unit came in at $7.46 billion, shy of Wall Street estimates of $7.58 billion. J&J finalized the biggest shake-up in its 137-year history in August with the spinoff, but retained a 9.5% stake in its iconic consumer health business.
Persons: Johnson, Yves Herman, J, Vamil Divan, Joseph Wolk, Ozempic, Wolk, Bhanvi Satija, Sriparna Roy, Patrick Wingrove, Shounak Dasgupta, Bill Berkrot Organizations: Johnson, REUTERS, Guggenheim Partners, Vamil, Reuters Graphics, J, Thomson, &' $, & $, & $ Locations: Brussels, Diegem, Belgium, Bengaluru, New York
Medical device stocks of all kinds were pummeled over the past week as investors tried to calculate the ripple effects of new weight loss drugs. While the use of the GLP-1 drugs to treat obesity is still very limited at this point, it is expected to soar to a $100 billion market or more, by some estimates. Judging by the momentum in the stocks, investors have been betting that as people lose weight, there will be a decline in knee replacement surgery. A case for more knee surgery? Based on Truist's polling of 50 hospital administrators, the analyst expects the third quarter will show a slowing pace of knee replacement surgeries compared to the first half of 2023.
Persons: We've, Bill Sutherland, Piper Sandler, Matt O'Brien, Stryker, Eli Lilly's Mounjaro, O'Brien, Richard Newitter, Newitter, Benchmark's Sutherland, Kaiser, Sutherland, — CNBC's Michael Bloom Organizations: American College of, Nordisk's Ozempic, Stryker, Surgery Partners, Permanente, Tenet Healthcare, Partners Locations: U.S, GLP
Two heirs of Birkenstock are now worth $3.4 billion after the company's IPO, Bloomberg reported. Birkenstock listed in New York on Wednesday, but shares opened at 11% below their offer price. AdvertisementAdvertisementTwo of the heirs of German sandal maker Birkenstock are now worth a combined $3.4 billion after the company went public, Bloomberg reported. The nearly 250-year-old company listed on the New York Stock Exchange via an IPO, trading under the ticker "BIRK" and pushing up the fortunes of Alex and Christian Birkenstock. The brothers netted more than €3 billion ($3.2 billion) from that transaction, Bloomberg reported.
Persons: Birkenstock, , Alex, Christian Birkenstock, Christian, Stephan, Karl Birkenstock, Alex Birkenstock, Bernard, Alexandre Arnault, Charles Dolan, Kendall Jenner, Barbie, boomers, Xers, Gen Zers, Greta Gerwig's, Emma Chamberlain Organizations: Bloomberg, Service, New York Stock Exchange, Warner Bros Locations: New York, Germany, Americas, Europe ., Boston, Barbieland
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
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