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☆ Jim Cramer's hopeful on Abbott Labs after court case win
▼ + stars: | 2024-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

But Thursday night, the jury from its second trial found the company not liable. The second trial was brought before the same judge in Missouri as the first one. Abbott Labs' shares jumped on Friday in response to the news, finishing the session up 4.61%. Cramer listed reasons he's positive on Abbott Labs, saying he likes the company's four core businesses, especially its medical device arm focused on cardiology and diabetes. Abbott Labs did not immediately respond to request for comment.

Persons: CNBC's Jim Cramer, Abbott's, necrotizing, Cramer, Health —, Abbott Organizations: Abbott Laboratories, NEC, Abbott Labs, and Drug Administration, Center for Disease Control, National Institutes, Health, Abbott Locations: Missouri

☆ Jim Cramer: Abbott stock is 'dirt cheap' after a surprising legal win validates our conviction
▼ + stars: | 2024-11-01 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

The legal overhang on Abbott Labs has been real, even if shares have found some traction in recent months. Bottom line Abbott Labs still faces other cases over its specialized formulas across the country, but Thursday night's win is significant. Abbott shares traded around 22 times forward earnings estimates Friday, below their five-year average of 24, according to FactSet. With victory in hand, Abbott Labs will now begin the next phase of its legal fight on much stronger ground. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Mead Johnson, Benckiser, Louis Children's, Abbott, Mead, —, Scott Stoffel, ABT, — Mead Johnson, Jim Cramer, Cramer, Jim Cramer's, Jim, Stacey Wescott Organizations: Abbott Laboratories, Club, Abbott Labs, NEC, CNBC, Abbott, and Drug Administration, Centers for Disease Control, National Institutes of Health, FDA, CDC, NIH, Chicago Tribune, Tribune, Service, Getty Locations: Missouri, St

Banks up : Financials were also strong Friday, with Wells Fargo and Morgan Stanley our top performers on the session. Beer boss : Shares of Club stock Constellation Brands were bouncing Friday, one day after a steep post-earnings slide . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, WTI, Prices, Banks, Wells, Morgan Stanley, Wells Fargo, Jim, Goldman Sachs, Beer, Bill Newlands, Newlands, Jim Cramer's Organizations: CNBC, ., Fed, West Texas, Drug Administration, Centers for Disease Control, National Institutes of Health, NEC, Club, Abbott Laboratories, Constellation Brands, Modelo, Constellation, Morning, Costco, Jim Cramer's Charitable Locations: U.S, Israel, Mexico, Wells

7:03 a.m.: Bernstein cuts price target on Nike amid innovation critiques Bernstein sees slightly less room for Nike to rebound. — Alex Harring 6:25 a.m.: Jefferies recommends buying NextEra Energy Partners despite buyout concern Jefferies came out of the gates optimistic on NextEra Energy Partners . Analyst Julien Dumoulin-Smith initiated coverage of the Florida-based renewable energy stock at a buy rating. — Alex Harring 5:54 a.m.: AI helps HubSpot compete, BofA says Bank of America is keeping an eye of HubSpot's artificial intelligence work. — Alex Harring 5:46 a.m.: JPMorgan says to sell Five Below JPMorgan turned bearish on Five Below , citing challenges that are hard to surmount for the value-focused retailer during a tough year.

Persons: Piper Sandler, Bernstein, Aneesha Sherman, Sherman, Alex Harring, BTIG, it's, Jake Fuller, Fuller, DoorDash, — Alex Harring, Jefferies, Julien Dumoulin, Smith, Hertz, Dan Levy, Levy, Avis, HubSpot, BofA, BofA's Brad Sills, Sills, monetization, Matthew Boss, Boss, Abbott, Adam Maeder, necrotizing, ABT, Maeder, Fred Imbert Organizations: CNBC, Laboratories, JPMorgan, Nike, Dow Jones, Jefferies, NextEra Energy Partners, Barclays, Hertz, Bank of America, LSEG, Abbott Laboratories Locations: Wednesday's, Florida, Thursday's premarket

☆ After having my legs amputated, I thought I'd never compete again. I just won a medal at the Paralympics.
▼ + stars: | 2024-09-11 | by ( Stuart Lieberman | ) www.businessinsider.com time to read: +6 min

Yet all the things I've seen and the feedback I've received from those back home following or watching have been exceptional. AdvertisementTo be three-hundredths of a second out of the silver-medal position was tough, but I had a really good race in the VL2 200-meter canoe event. The flesh-eating disease caused the bacteria to multiply, kill my tissue, and ultimately require my legs to be amputated. All I thought about was if I could get out of the hospital and lead a normal life moving forward. AdvertisementInstead, be more generic and say: Alright, what does my disability really mean?

Persons: —, Blake Haxton, I'm, it'd, I've, you'll, necrotizing, I'd, medaling, it's, — I'm Organizations: Service, Paris, Business, Brandywine Global Investment Management, Paris Paralympics, Olympic, Olympics, USA Locations: Ohio, Scioto, Brandywine

☆ The Hard-Partying Lawyers Who Get Negligent Companies to Pay Billions
▼ + stars: | 2024-09-05 | by ( Jack Newsham | ) www.businessinsider.com time to read: +23 min

In 2023, mass-tort lawyers spent $152 million on TV ads and millions more on social media. The data provider X Ante estimated that in 2023, mass-tort lawyers spent $152 million on TV ads and millions more on social media. The decades that followed mass torts' onset on the national stage showed the big risks and big rewards of mass torts. AdvertisementIn a class action, a settlement is public, and the judge has to approve the lawyers' fees. But others are confident that indebted mass-tort lawyers can bounce back from a few bad bets.

Persons: Mike Papantonio, Pap, Johnson, Paul Cody, Bayer, Chris Seeger, audibles, Budd, Ness Motley, Motley Rice, South Carolina —, doling, Seeger, Wyeth, Phil Federico, Paul Hanly who'd, Federico, Lejeune, who've, Camp Lejeune, mack, Curt Miner, I've, Don Worley, Worley, —, Daniel A, Mark Lanier, wouldn't, Elizabeth Chamblee Burch, Burch, Ellen Relkin, Merck, Vioxx, There's, Lucian Pera, Keller Postman, Jeremy Troxel, Keller, Troxel, Michael McDonald, Warren Postman, Postman, Kelsey Vlamis, Jack Newsham Organizations: Wynn, Vegas, Camp Lejeune, pharma, Supreme, X, Pfizer, Defense, Marines, Veterans, Foreign, US Marine Corps, Johnson, University of Georgia, Business, Intuit, Rihanna, Morning Investments, Fortress Investment, Gramercy Funds, Deepwater, Investments Locations: Camp, Texas, South Carolina, Baltimore, North Carolina, Camp Lejeune, America, Beverly Hills , California, nonbanks

☆ Here's why Abbott Labs stock is getting dinged after a strong earnings beat
▼ + stars: | 2024-07-18 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The FreeStyle Libre itself, which had 20% organic growth in the quarter, also still has plenty of runway for further growth. Investors should focus instead on the upward revision to management's full-year outlook for both top-line organic growth and earnings. The combination of Thursday's strong results and immediate decline in share price is setting up a positive risk vs. reward setup. Within Diagnostics, a small miss in molecular was more than offset by strong results in core laboratory, point of care and rapid diagnostics.

Persons: Abbott, Edwards, Robert Ford, It's, Jim Cramer's, ABT, Jim Cramer, Jim, Robert B, Ford, Ethan Miller Organizations: Abbott Labs, Abbott Laboratories, NEC, Rio, Libre, Management, Diagnostics, Devices, CNBC, Getty Locations: Missouri, Rio —, United States, U.S, Vegas, Las Vegas , Nevada

☆ Shares of Wells Fargo and Morgan Stanley rise on plans to raise their dividends
▼ + stars: | 2024-07-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Shares of Morgan Stanley and Wells Fargo climbed 1% and 0.7%, respectively, after the banks announced a boost to their dividend payouts Friday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Raymond James, Morgan Stanley, Wells Fargo, Wells, necrotizing, Abbott, Jim Cramer's, ABT, Jim Organizations: CNBC, Facebook, Federal, Barclays, Abbott Labs, Wall Street

☆ A sudden spike in cases of a rare infection often linked to flesh-eating bacteria is happening in Japan
▼ + stars: | 2024-06-19 | by ( Julia Naftulin | ) www.businessinsider.com time to read: +3 min

Read previewIn Japan, cases of an uncommon but deadly bacterial infection have spiked in recent months, concerning health officials, the Washington Post reported. At least 77 deaths have been reported due to these STSS infections, with most fatal cases occurring in people over 50. Since the coronavirus pandemic, health officials worldwide have expressed concern about increasing bacterial and viral infection rates. In 2022, UK health officials reported 19 child deaths due to group-A streptococcal infections, the same bacteria that causes STSS. Vaccines could help prevent the spread of these rare but potentially deadly bacterial infections, health experts said.

Persons: —, Steer, we've, Andrew Steer Organizations: Service, Washington Post, Japan's Health Ministry, Business, CDC, Murdoch Children's Research Locations: Japan, Melbourne, Australia

☆ Japan reports record spike in potentially deadly bacterial infection
▼ + stars: | 2024-06-17 | by ( Helen Regan | Junko Ogura | ) edition.cnn.com time to read: +3 min

CNN —Cases of a dangerous and highly fatal bacterial infection have reached record levels in Japan, official figures show, with experts so far unable to pinpoint the reason for the rise. STSS is a rare but serious bacterial infection that can develop when bacteria spread into deep tissues and the bloodstream. In March, Japanese authorities warned of a jump in STSS cases. The reason for this year’s rise in cases of STSS in Japan remains unclear, according to Japanese public broadcaster NHK. “So, more people are now susceptible to infection, and that may be one reason for the sharp rise in cases.”

Persons: iGAS “, Ken Kikuchi, people’s, ” Kikuchi Organizations: CNN, Japan’s Health, Japan’s National, of Infectious, US Centers for Disease Control, Prevention, CDC, World Health, of Infectious Diseases, NHK, Tokyo Women’s Medical University Locations: Japan, STSS, Tokyo

☆ Buy, sell or hold? Knowing a stock's PEG ratio can help decide. What it is and how to use it
▼ + stars: | 2024-05-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The PEG ratio, as referenced in the question, takes the price-to-earnings ratio and divides it by a company's projected long-term earnings growth rate. As a general rule, a PEG ratio of 1 or lower indicates you're getting future growth at a good value. That's what the PEG ratio attempts to capture. Keep in mind that we also collect a dividend to compensate us for any lack of earnings growth. These factors outweigh the PEG ratio in our view and are our primary focus right now when it comes to valuing Abbott.

Persons: Jim Cramer, Marcia, Abbott, It's, that's, Eaton, That's, Jim Organizations: Abbott Labs, NEC, Abbott, CNBC Locations: Eaton, Washington, Cramer's

☆ Abbott Labs' surprise guidance bump is a major positive for its shareholders
▼ + stars: | 2024-04-17 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Abbott Laboratories Why we own it : Abbott is a high-quality medtech company growing at a fast clip. As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. We also love that EPS results on Tuesday came in above the range management had forecasted — a classic case of under-promising and over-delivering. ABT YTD mountain Abbott Laboratories YTD Organic growth was very strong, up nearly 11%, marking the fifth consecutive quarter of double-digit increases. In diagnostics, where we see the impact of the decline in Covid testing sales, organic sales increased 5.4% year over year.

Persons: —, Abbott, Edwards, Robert Ford, necrotizing, Ford, they've, Jim Cramer's, ABT, Jim Cramer, Jim Organizations: Abbott Laboratories, Revenue, Abbott, Libre, Charitable Trust, ABT, Management, NEC, Protality, TBIs, CNBC, Abbott Labs Locations: U.S

☆ A Simple Way to Save Premature Babies
▼ + stars: | 2023-11-17 | by ( Roni Caryn Rabin | ) www.nytimes.com time to read: +4 min

Preterm babies are those born before 37 weeks of gestation. In preterm infants, delayed clamping leads to improved circulation, less need for blood transfusions and a lower incidence of serious complications, such as necrotizing enterocolitis, or inflammation of the digestive tract. Worldwide, some 13 million premature babies are born every year, and almost a million of them die within a month of birth. A low-cost, low-tech intervention like delayed cord clamping has the potential to save many lives. Many preterm babies in the United States are born by cesarean section and require resuscitation.

Persons: Anna Lene Seidler, “, Seidler, Anup Katheria, Katheria Organizations: American College of Obstetricians, University of Sydney, National Center for Health Statistics, Sharp Mary Birch Hospital for Women Locations: Australia, Britain, India, Iran, United States, San Diego

One death this year and more than two dozen reports of injuries since 2018 may be tied to the supplements, FDA officials said in a statement. No probiotic products have been approved as a drug or treatment for babies, the FDA said. FDA officials in September said Evivo with MCT Oil, a probiotic made by Infinant Health of Norwalk, Connecticut, led to the death of a premature infant this year. Infinant Health officials said in statement that the firm voluntarily recalled and discontinued the product. Probiotic supplements may be used to prevent necrotizing enterocolitis, a dangerous infection affecting premature infants that inflames and kills intestinal tissue.

Persons: necrotizing, Matthew Perrone Organizations: . Food, Drug Administration, FDA, Abbott Laboratories, Abbott, MCT, Infinant, Infinant Health, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Illinois, Norwalk , Connecticut, Washington

It’s a case that highlights the vulnerability of prisoners who are dependent on authorities for medical care. Winborn's attorneys played a video showing his difficulties in adapting to life without hands, including feeding himself. “I don't sleep because every time I dream, I dream I have my hands, you know. Jail officials stated in their depositions that they couldn't remember what happened. "The County and MCIT are hopeful the resolution of this matter will help provide Mr. Winborn with the medical care and quality of life assistance he needs,” Hiveley said.

Persons: Terrance Dwayne Winborn, It’s, Winborn, Katie Bennett, Jason Hiveley, Scott County, Winborn’s, “, they're, ”, necrotizing fasciitis, ” Hiveley Organizations: Minnesota, Intergovernmental Trust Locations: MINNEAPOLIS, Minnesota, Scott County, Scott, Marshall, Minneapolis, Shakopee

☆ Flesh-eating bacteria on beaches: What to know
▼ + stars: | 2023-06-09 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

Out of more than 100 Vibrio species, about 12 — the most common in the US being Vibrio vulnificus, Vibrio parahaemolyticus and Vibrio alginolyticus — can cause a human illness known as vibriosis. Vibrio vulnificus is the species that can cause flesh-eating infections, known as necrotizing fasciitis. Vibrio bacteria can enter through even minor wounds, including cuts, scrapes, scratches, recent piercings, new tattoos or surgical incisions. Even though the risk of a Vibrio vulnificus infection is low, if contracted the effects can be severe. Around 1 in 5 people infected with Vibrio vulnificus die, sometimes within a day or two of getting sick.

Persons: Daniel Slim, Vibrio, vulnificus, it’s, ”, Jae Williams, wasn’t, Tracy Mincer, “, Linda Amaral, Williams, “ It’s, ” Williams, parahaemolyticus, Hurricane Ian, Vibrio vulnificus, Don’t Organizations: CNN, Research, Florida Atlantic University, US Centers for Disease Control, CDC, Florida Department of Health, Florida, Branch Oceanographic Institute, University of Amsterdam Locations: Florida, United States, Africa, Gulf of Mexico, Cancun, AFP, Caribbean, Hurricane, sargassum

The Centers for Disease Control and Prevention on Thursday alerted the medical community to an increase in pediatric cases of invasive group A strep infections. The spike in invasive strep A was first detected in the U.S. in November, among children at a hospital in Colorado, the CDC said. NBC News reported last week that several children’s hospitals across the U.S. had detected increases in invasive group A strep infections. However, the overall number of invasive group A strep infections among children remains low and the condition is rare, according to the CDC. Generally, people over 65 and those with chronic illnesses are most susceptible to invasive strep infections.

☆ Strep A is surging in the UK and has already killed at least 19 children. Here's why it's taken so long to make a vaccine against this deadly pathogen.
▼ + stars: | 2022-12-16 | by ( Sarah Braner | ) www.businessinsider.com time to read: +5 min

Strep A is surging in the UK and has killed at least 19 kids, the UK Health Security Agency said. A vaccine would be better, but research groups have hit roadblocks during its development. Researchers have been trying to make a strep-A vaccine for decadesIf it's caught in time, strep A can be treated with antibiotics. There is no vaccine commercially available, but several research groups are working on developing one. A GSK spokesperson confirmed to Insider that it's also in the early stages of developing a strep-A vaccine but that it had not started human testing.

☆ U.S. hospitals report rise in severe strep A infections in kids after 15 deaths in U.K.
▼ + stars: | 2022-12-15 | by ( Aria Bendix | ) www.cnbc.com time to read: +6 min

In the U.K., at least 15 children have died from invasive group A strep since mid-September. Anyone can get invasive strep A, including healthy adults, but people over 65 and those with chronic illnesses are more susceptible. Between 1,500 and 2,300 people die of the invasive infections every year. But children's hospitals in several other states — California, New York, Illinois and Minnesota — said they have not detected any increase in invasive group A strep. It is important for kids with strep to get care right away so they can start taking antibiotics like penicillin.

Children's hospitals in Arizona, Colorado, Texas and Washington told NBC News they are seeing a higher-than-average number of cases this season compared to past years. In the U.K., at least 15 children have died from invasive group A strep since mid-September. Anyone can get invasive strep A, including healthy adults, but people over 65 and those with chronic illnesses are more susceptible. Between 1,500 and 2,300 people die of these invasive infections each year. It's important for kids with strep to get care right away so they can start taking antibiotics like penicillin.

☆ Flesh-eating bacteria: What to know about Vibrio vulnificus, and how to avoid it
▼ + stars: | 2022-10-22 | by ( Jen Christensen | ) edition.cnn.com time to read: +7 min

Vibrio vulnificus causes an estimated 80,000 illnesses and 100 deaths in the United States every year, according to the US Centers for Disease Control and Prevention. Vibrio vulnificus is one of the bacteria that can cause what’s commonly known as a flesh-eating infection. Vibrio vulnificus infection is the leading cause of death related to eating seafood in the United States. With skin infections, a doctor will first take samples from the infected area to determine if Vibrio vulnificus is what’s causing the problem. Up to 50% of Vibrio vulnificus infections don’t respond to certain antibiotics anymore, studies show.

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