DIRS.INFO The most relevant business & tech news

☆ Insider Today: Austin's genius housing fix
▼ + stars: | 2024-09-28 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

This week's dispatchThe high cost of weight-loss drugsiStock; Rebecca Zisser/BIWhy are two popular weight-loss drugs — Wegovy and diabetes medication Ozempic — so expensive in the US? Patients also bargain-hunt for cheaper weight-loss drugs online, or try to use manufacturer-issued coupons. See the full listiStock; Rebecca Zisser/BIDeals we loveCalling all Madewell shoppers: The bi-annual Madewell Insiders sale is here with 25% off almost everything full-price and an additional 40% off sale. The bi-annual Madewell Insiders sale is here with 25% off almost everything full-price and an additional 40% off sale. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, you've, Shailene Woodley, George Clooney, Rebecca Zisser, Ozempic, Lars Fruergaard Jorgensen, Sen, Bernie Sanders, it's, Gabby Landsverk, Ro, Henry Meds, Eli Lilly, Stefania Pelfini, Jenny Chang, Rodriguez, BI Marie, Mangin, Yellowstone Joey Hadden, Jackson, Wyoming's, Natalie Ammari, Zers, Austin, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Novo Nordisk, Federal Trade Commission, FDA, copycats, BI, Yellowstone, Austin, Lone Star, Disney, Pixar, British, Netflix, Insiders Locations: Washington ,, Germany, New York City, New York, Chicago

☆ A doctor shares how his patients are trying to afford weight-loss drugs — and what happens if they can't
▼ + stars: | 2024-09-27 | by ( ) www.businessinsider.com time to read: +4 min

The high price of weight-loss drugs is frustrating for patients who can't access them, a doctor said. Patients struggle to afford these drugs, leading to cycling, rationing, or using risky alternatives. AdvertisementPharmaceutical companies are facing a new wave of criticism for the high price of groundbreaking weight-loss drugs. The latest generation of these class of drugs, medications like Ozempic, Wegovy, Mounjaro, and Zepbound, are once-weekly injections. The competitive pressure will also help drive prices lower as companies aim to attract consumers back to their brand with cheaper options for weight-loss drugs.

Persons: —, Dr, Christopher McGowan, McGowan, that's, they've, Ted Kyle, Kyle Organizations: Service, Pharmaceutical, FDA

☆ Sima Sistani, who embraced Ozempic, is out as CEO of WeightWatchers
▼ + stars: | 2024-09-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —WeightWatchers CEO Sima Sistani, who pushed the company into embracing weight-loss drugs, is leaving the position after a two-year stint. “These medications have shown, and science has evolved to say, that living with obesity is a chronic condition. Winfrey joined the board in 2015 and bought a 10% stake, immediately giving the beleaguered company relevance. Tara Comonte, a WeightWatchers board member and a former CEO of Shake Shack, will become the interim CEO effective immediately, the company said in a release. Prior to joining the company in June 2023, she was the CEO of a fertility technology company.

Persons: Sima Sistani, ” Sistani, Oprah Winfrey, Winfrey, Tara Comonte, Comonte’s, ”, Thilo Semmelbauer Organizations: New, New York CNN, CNN, National Museum of, Shake Locations: New York

☆ WeightWatchers' CEO embraced Ozempic. Now she's out of the company.
▼ + stars: | 2024-09-27 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

WeightWatchers' CEO of roughly two years, Sima Sistani, is out. AdvertisementIt's been a bumpy year for WW International, the company also known as WeightWatchers. In a leadership shake-up Friday, the weight-loss company announced CEO Sima Sistani is stepping down after roughly two years — effective immediately — and board member Tara Comonte is stepping up to serve as interim chief. Sistani helped push the company into the weight-loss drug space in 2023 through the $106 million acquisition of telehealth platform Sequence — which is now called WeightWatchers Clinic, and which prescribes weight-loss drugs like Ozempic and Wegovy. The telehealth purchase marked something of a pivot from the group support meetings and calorie-tracking menus WeightWatchers is known for, though the company also launched a behavioral program for patients on Ozempic.

Persons: WeightWatchers, Sima Sistani, —, It's, Tara Comonte, Sima, Thilo Semmelbauer, Sistani, haven't, Comonte, Oprah Winfrey Organizations: Service, WW International, WeightWatchers, WeightWatchers Clinic, CNN, Life Sciences, Shake, Business, Smithsonian's National Museum of

☆ Weight-loss drugs are life-changing — and expensive. Here's one woman's solution.
▼ + stars: | 2024-09-26 | by ( ) www.businessinsider.com time to read: +7 min

A woman who had life-changing results on a popular weight loss drug struggled to afford it for years. AdvertisementTara Rothenhoefer, a 49-year-old Florida resident, says her life changed when she joined a clinical trial for a promising new weight-loss medication. While regulated, these compounded drugs aren't FDA-approved, raising concerns from doctors about variations in quality. The grey market of weight-loss drugs is vast and complicated. In August, Eli Lilly halved the price of its weight-loss drug Zepbound through single-dose vials — a bid to lure customers back to brand-name drugs, analysts said.

Persons: —, Tara Rothenhoefer, Rothenhoefer, Eli Lilly, She's Organizations: Service, Novo Nordisk's, Research, FDA, Pharmaceutical Locations: Florida

☆ What happened to 23andMe?
▼ + stars: | 2024-09-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Takes the company public. 23andMe went public in 2021, jumping on the SPAC trend of the era, when a bunch of companies went public via “special purpose acquisition companies” — essentially shell-company mergers that let firms go public in a hurry when investor appetite is strong. 23andMe co-founder and CEO Anne Wojcicki, pictured in 2020. Side note: I did my own 23andMe test, in 2019, motivated by a millennial compulsion to spend money on any product that promises to alleviate and/or deepen my corporeal angst. 23andMe has tried to convert one-time buyers into subscribers with the promise of continued feedback and personalized wellness plans.

Persons: CNN Business ’, it’d, Anne Wojcicki, ”, It’s, Susan Wojcicki, 23andMe, Emma McIntyre, Oprah’s, there’s …, Wojcicki, “ Organizations: CNN Business, New York CNN, Yale, Google, Wall Street, Wall Street Journal Locations: New York, Bay

☆ Decades of national suicide prevention policies haven’t slowed the deaths
▼ + stars: | 2024-09-18 | by ( Cheryl Platzman Weinstock | Kff Health News | ) edition.cnn.com time to read: +9 min

Globally: The International Association for Suicide Prevention and Befrienders Worldwide have contact information for crisis centers around the world. But, Mehta said, “we act like we know everything there is to know about suicide prevention. During the past two decades federal officials have launched three national suicide prevention strategies, including one announced in April. Without accurate statistics, researchers can’t figure out who dies most often by suicide, what prevention strategies are working, and where prevention money is needed most. Similarly, the fledgling 988 Suicide & Crisis Lifeline faces similar, serious problems.

Persons: Pooja Mehta’s, Raj, “, ”, Mehta, —, Michael Schoenbaum, ” Schoenbaum, Schoenbaum, Jane Pearson, Kim Deti, Janet Lee, haven’t, Anita Everett, Dr, Sanjay Gupta, Lena Heilmann, ” Mehta, Cheryl Platzman Organizations: KFF Health, International Association for Suicide Prevention, Befrienders, Mental Health, Alaska Natives, Centers for Disease Control, CDC, National Institute of Mental Health, NIMH, Wyoming Department of Health, Lewis Katz School of Medicine, Temple University, National Alliance, Mental, Mental Health Services Administration, Center for Mental Health, CNN, CNN Health, state’s, Colorado Department of Public Health, Environment, KFF, National Institute for Health Care Management Foundation Locations: Arlington , Virginia, Alaska , Montana , North Dakota, Wyoming, SAMHSA, Colorado

☆ A General Catalyst-backed startup is mass-buying virtual care tech from big players like Walmart. Here's why Fabric is still betting on telehealth.
▼ + stars: | 2024-09-17 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

Read previewHealthtech startup Fabric launched out of stealth in March 2023 to help patients get care faster and automate administrative work for providers. In June, Fabric bought Walmart's virtual care business, MeMD, after the retailer announced it would shutter its 51 health clinics. MeMD was Fabric's third acquisition — the startup previously bought asynchronous virtual care platform Zipnosis from Bright Health, as well as generative AI startup Gyant. The startup has acquired TeamHealth VirtualCare, the virtual care business inside giant physician practice group TeamHealth, Business Insider has learned exclusively. While virtual care saw a tsunami of VC interest during the pandemic, investors and healthcare companies alike are now pulling back.

Persons: —, it's, MeMD, TeamHealth VirtualCare, UnitedHealth Group's Optum, Aniq Rahman, Rahman, we've, Hemant Taneja, Commure, We've, Moat Organizations: Service, Fabric, Bright Health, Business, Google Ventures, Salesforce Ventures, General Catalyst, Bright, Walmart, Vast Ventures, Oracle Locations: Florence

☆ Women are demanding better menopause care. Online platforms are heeding the call.
▼ + stars: | 2024-09-12 | by ( Heather Lindsey | ) www.businessinsider.com time to read: +9 min

Online platforms reflect a growing demand for menopause care like hormone-replacement therapy. These studies aim to develop a better understanding of women's menopause symptoms like depression, insomnia, and hot flashes, with the goal of developing more helpful treatments. To further address the need for perimenopause and menopause research and medical care, Congress introduced in May the bipartisan Advancing Menopause Care and Mid-Life Women's Health Act. After roughly a year of treatment for her menopause symptoms, Miller is flourishing. "I'm getting my doctorate in higher educational administration, and I would have never been able to navigate such an enormous responsibility without menopause care," Miller said.

Persons: —, Jodi Miller, Miller, Dr, Mary Jane Minkin, Minkin, Neel Shah, Shah, palpitations, Joanna Strober, Midi, Strober, it's, Joe Biden, I'm Organizations: Healthcare, Service, OB, Yale School of Medicine, Health, View Research, Maven Clinic, Health's, women's, National Institutes of Health, Health Initiative, Education, Labor, Pensions, US Locations: Rochester , New York, midlife, India

☆ Women face bias and disparities in healthcare. Digital tools could help meet their needs.
▼ + stars: | 2024-09-06 | by ( Sarah Sloat | ) www.businessinsider.com time to read: +8 min

Historically, women's healthcare has been impaired by challenges like bias and a lack of specialized providers. For years, healthcare systems weren't designed for women, and there are still gaps in research and treatments for women's health issues. AdvertisementWith this reality in mind, Joanna Strober cofounded Midi Health, a website designed to help people experiencing menopause and perimenopause access specialists. Interventions can range from lifestyle coaching to prescription medication, and Midi providers can refer patients to in-person treatments when needed. Midi Health is on its way toward doing that; the company closed a $60 million Series B round in April.

Persons: Ashlee Wisdom, Wisdom, Smisha Agarwal, Agarwal, they're, Joanna Strober, Strober Organizations: New York University, Health, Center for Global Digital Health Innovation, Johns Hopkins University, Women's Health, US National Institutes of Health, Midi Health, Midi, Silicon Valley Bank Locations: Black

☆ Nearly half of online pharmacies selling weight loss drugs are operating illegally, study finds
▼ + stars: | 2024-08-02 | by ( Liz Szabo | Liz Szabo Is An Independent Health | Science Journalist. Her Work Has Won Multiple National Awards. One Of Her Investigations Led To A New State Law In Virginia. | ) www.nbcnews.com time to read: +8 min

Consumers who try to buy popular weight loss drugs online without a prescription risk being scammed or receiving unsafe products, a new study shows. Shortages of the popular weight loss medication, which belongs to a class of drugs called GLP-1s, have led to “a black market of illegal knockoffs,” said Dr. Christopher McGowan, the founder, medical director and research director of True You Weight Loss, a weight loss clinic in Cary, North Carolina. Medicare doesn’t cover the drugs when prescribed for weight loss, and many state Medicaid plans heavily restrict coverage. Online scamsSome websites purporting to be online pharmacies take consumers’ money but never deliver the medications, according to the study. Consumers won’t get that sort of care if they buy drugs online without seeing a health care provider.

Persons: ”, Tim Mackey, Christopher McGowan, McGowan, semaglutide, won’t, Mackey, ” McGowan, “, Shabbir Safdar, Scott Brunner, Safdar, Brunner, Consumers won’t, it’s Organizations: Nordisk’s, University of California, Global Health, Data Institute, University of Pecs, FDA, Manufacturers can’t, Medicare, JAMA, Food and Drug Administration, semaglutide, Novo Nordisk, telltale, Partnership, Safe Medicines, Alliance, Pharmacy, Consumers Locations: San Diego, Hungary, Cary , North Carolina, U.S

☆ Stocks making the biggest moves midday: Shake Shack, C.H. Robinson, Mobileye Global and more
▼ + stars: | 2024-08-01 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

However, it topped second-quarter revenue estimates and posted a narrower-than-expected loss for the quarter. Teladoc — The telehealth stock moved more than 4% lower after the company posted weaker-than-expected second-quarter revenue. Air Products and Chemicals — The industrial gases company's stock surged more than 10% after beating Wall Street's earnings expectations. MGM Resorts — The stock declined nearly 14% despite the casino operator surpassing second-quarter earnings expectations. Crocs — The stock shares fell about 2% even though the company surpassed second-quarter earnings and revenue expectations.

Persons: Shack, C.H, Robinson, Teladoc, LSEG, Royce —, Royce, Wall, Meta, Carvana, Crocs, Akash Palkhiwala, —, Samantha Subin, Yun Li, Michelle Fox Organizations: LSEG, Moderna, Royce, Air Products, Chemicals, Meta, MGM Resorts, MGM, Arm, Holdings, Qualcomm Locations: LSEG ., U.S

☆ Stocks making the biggest moves premarket: Hershey, Meta Platforms, Arm Holdings, Shake Shack and more
▼ + stars: | 2024-08-01 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Hershey — Shares were down 7% in the premarket after the chocolate maker posted second-quarter results that missed analyst expectations. Amazon — Stock in the e-commerce giant were roughly 2% higher ahead of second-quarter results after the closing bell on Thursday. Shake Shack — Shares were up nearly 9% in the premarket after the burger restaurant chain posted its second-quarter results. Shake Shack also raised the lower end of its full-year revenue guidance. MGM Resorts — The casino operator declined 3% despite posting second-quarter results that beat expectations.

Persons: LSEG, Michele Buck, Shack, Meta, Teladoc, Ferrari, Robinson, — CNBC's Hakyung Kim, Yun Li, Michelle Fox, Fred Imbert Organizations: Hershey —, Moderna, Holdings, —, MGM Resorts, MGM Locations: U.S, Europe

☆ Stocks making the biggest moves after hours: Meta Platforms, Qualcomm, Arm Holdings and more
▼ + stars: | 2024-07-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Meta Platforms topped revenue and earnings expectations for the recent quarter, posting earnings of $5.16 per share on $39.07 billion in revenue. Qualcomm posted adjusted earnings of $2.33 per share on $9.39 billion in adjusted revenue. Arm forecast adjusted earnings ranging between 23 cents and 27 cents per share for the fiscal second quarter , while analysts called for 27 cents, per LSEG. Kyndryl Holdings posted revenue of $3.74 billion, falling short of the $3.79 billion expected by analysts surveyed by LSEG. Adjusted earnings topped estimates, while revenue came up short of the $4.53 billion expected by analysts polled by LSEG.

Persons: Teladoc, LSEG, Etsy, Lam, C.H, Robinson, —, Alex Harring, Lisa Han, Jesse Pound, Darla Mercado Organizations: Qualcomm, Arm Holdings, Revenue, Cheesecake Factory, eBay, EBay, Western Digital, Lam Research, MGM Resorts, LSEG, Holdings, IBM, Kyndryl Holdings Locations: FactSet

☆ Amazon projected huge losses from its healthcare business in 2024, but strong sales growth, internal document reveals
▼ + stars: | 2024-07-30 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Read previewLate last year, Amazon projected its healthcare businesses to lose more than $1 billion for 2024, according to an internal planning document obtained by Business Insider. Although the company doesn't breakout financials on the healthcare business, investors will be looking for signs of success when it reports results on Thursday. That was mostly thanks to Amazon Pharmacy, which was projected to generate $1.81 billion in 2024 sales, a 45% surge. Amazon healthcare is slowing investments in smaller initiatives by delaying hiring for certain projects and reducing contractor spend, it added. It's upgrading the signup process, such as insurance card capture technology, and simplifying the linking between One Medical and Amazon Pharmacy accounts.

Persons: —, Andy Jassy, Brand, Neil Lindsay, It's Organizations: Service, Business, Amazon, Pharmacy, Amazon Health Services, Tech, Amazon Pharmacy, Health Services, Health, Amazon Clinic, Google

☆ Self-managed abortions have become more common in the US post-Dobbs, study shows
▼ + stars: | 2024-07-30 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +4 min

Self-managed abortions happen outside of the formal health-care system and without the formal supervision of a doctor or nurse. The new study suggests that self-managing an abortion with abortion pills has become more common, rising from about 18% of attempts pre-Dobbs to 24% post-Dobbs. Other research has found that abortions within the formal health care system have increased in the US post-Dobbs, driven by a spike in medication abortions, especially those provided through telehealth. “As barriers to facility-based abortion grow, (self-managed abortion) may increasingly become an individual’s only or preferred option to end a pregnancy,” the researchers wrote. “These findings suggest the need to expand access to alternative models of safe and effective abortion care and ensure those seeking health care post-(self-managed abortion) do not face legal risks.”

Persons: Dobbs, underreporting, Dr, Sanjay Gupta, ” Organizations: CNN, JAMA, underreporting, CNN Health Locations: United States, telehealth

☆ Google drops Amazon's One Medical
▼ + stars: | 2024-07-26 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Read previewFor years, Google was the largest business customer of One Medical, the primary care provider Amazon acquired for $3.9 billion. Since purchasing One Medical, Amazon has embarked on a number of cost-cutting moves, including layoffs and office closures, as BI previously reported. That means Google's health insurance will be accepted at One Medical offices, though Google employees will have to pay for their own memberships going forward. Advertisement"One Medical is proud of the care we have provided to Google employees at a small number of locations on Google campuses, virtually, and in our hundreds of community offices near where many Google employees live, work, and shop," Amazon's spokesperson said in a statement. In a statement to BI, Amazon's spokesperson said One Medical continues to see "very strong growth," while Amazon's broader healthcare business is "growing robustly."

Persons: — Organizations: Service, Google, Amazon, Business, ONEM, Care, BI, Health

☆ Global IT outage leaves thousands stranded at airports amid chaos at hospitals, government agencies and 911 systems
▼ + stars: | 2024-07-20 | by ( Dalia Faheid | ) edition.cnn.com time to read: +10 min

All flights were grounded for United Airlines, Delta Air Lines, American Airlines and Allegiant Airlines on Friday. Meanwhile, thousands of companies around the world are struggling with payment processing after the outage brought down systems across a wide range of businesses. Airlines, banks, TV channels and other businesses were disrupted worldwide on Friday following a major computer systems outage linked to an update on an antivirus program. In addition to hospitals, blood donation centers have experienced challenges and are altering blood shipment methods due to flight delays. The Social Security Administration closed its local offices to the public on Friday after the outage shut down numerous services.

Persons: ”, “, Kiah Hampton, Hampton, Jennifer Small, ” Small, Ty Kelley, “ I’m, Miya Haney, Dave DeWalt, George Kurtz, ” Kurtz, Etienne Laurent, Kim Brown, ” Brown, Laura Topete, ” Topete, Ted Wheeler, Kathy Hochul Organizations: CNN, Microsoft, United Airlines, Delta Air Lines, American Airlines, Allegiant Airlines, Airlines, Atlanta’s Hartsfield, Jackson International Airport, ” Spirit Airlines, Shipping, UPS, FedEx, Marriott International, Hilton, McAfee, Infrastructure Security Agency, Delta Airlines, Getty, Kaiser Permanente, Health, Hospital Medical, Epic Systems, US Department of Health, Human Services, York Blood Center, Angeles, Superior Court, Department, ”, United States Customs, Border Protection, CBP, Social Security Administration, US Department of Justice Locations: United States, Los Angeles, ” New Jersey, Jersey, Philadelphia, Boston, Alaska, Phoenix, New York City, Texas , Tennessee, North Carolina, Georgia, Airlines, Kaiser, San Jose , California, Portland , Oregon, Southern California, San Diego County, Arizona, Maricopa County, New York

☆ The 'Trump trade' has divided health-care stocks into two camps. How to play the next moves
▼ + stars: | 2024-07-19 | by ( Pia Singh | ) www.cnbc.com time to read: +9 min

UNH 1M mountain UnitedHealth stock over the past month. Think Centene , Molina Healthcare , UnitedHealth and Humana , among others. Managed-care companies historically buck the broader trend of health stocks and outperform in the first year after an election, according to Raymond James. Unlike UnitedHealth, shares have fallen — down 3% — since the June debate. Raymond James sees Oscar Health , HCA Healthcare and Tenet Healthcare as beneficiaries of a victory by the left.

Persons: Raymond James, Chris Meekins, Donald Trump, Joe Biden, quieted, Biden, Meekins, Centene, Trump, Bernstein, Jefferies, David Windley, UnitedHealth, Ben Hendrix, Optum, John Ransom, Piper Sandler, Ransom, Lance Wilkes, Oscar, — Ransom, Oscar's Organizations: Affordable, Trump, UnitedHealth, Republican, Biden, GOP, Federal Trade Commission, Department of Justice, ACA, Medicare, Molina Healthcare, RBC Capital Markets, CVS Health, RBC Capital, DOJ, Humana, Healthcare, GoodRx Holdings, Democratic, Oscar Health, Tenet Healthcare, Aetna Locations: Molina, UnitedHealth, U.S, Thursday's, Florida, Texas

☆ Online Health Providers Are Making Money on Young Men's Sense of Shame
▼ + stars: | 2024-07-18 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The pandemic accelerated the rise of telehealth, which these DTC companies are a part of both culturally and legally. Hims & Hers Health has a market cap of over $4 billion. Those at the forefront of the DTC health revolution have American guys right where they want them: insecure, on edge, and ready to open their wallets. Plenty of doctors have sounded the alarm about DTC telehealth companies, and some firms have gotten into legal trouble, too. For all the issues with DTC companies, it's fair to note that traditional healthcare settings are far from perfect.

Persons: Paul, he'd, who's, He's, doesn't, Nobody, didn't, Matthew McCoy, what's, Ashwini Nagappan, Joshua Halpern, Halpern, Nagappan, McCoy, Hims, —, you've, They're, men's, Ro, Emily Stewart Organizations: View Research, Department of Medical, University of Pennsylvania, UCLA's Fielding School of Public Health, Northwestern University's Feinberg School of Medicine, telemedicine, of Justice, Business Locations: Hims

☆ Jim Cramer on Hims & Hers Health stock: 'I bet the business stays strong'
▼ + stars: | 2024-07-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday gave his take on Hims & Hers Health , a digital platform that offers telehealth services, particularly for sexual health, mental health, weight loss and skin care. Cramer suggested it might be worth starting a position in the stock now that it's pulled back some from recent highs. "While it makes sense that the stock roared on this compounded GLP-1 news, I don't love that it's now trading on what's essentially a temporary business," he said. Those great first quarter numbers didn't have any benefit from knock-off GLP-1s, and I bet the business stays strong." Hims & Hers Health did not respond immediately to request for comment.

Persons: CNBC's Jim Cramer, Cramer, it's, I'd, —, Eli Lilly, dalliance Organizations: Wednesday, HIMS, Novo Nordisk

☆ Stocks making the biggest moves midday: Walgreens Boots Alliance, Levi Strauss, International Paper and more
▼ + stars: | 2024-06-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock plummeted more than 24.5% after the retail company reported third-quarter earnings results that missed Wall Street's expectations . Levi Strauss — The denim maker's stock tumbled 17.1% after revenue came in at $1.44 billion for the second fiscal quarter. International Paper — Shares of the paper manufacturing company fell nearly 8% following the news that Suzano is no longer pursuing a potential acquisition of the company. Hunterbrook Capital, a hedge fund Hunterbook is affiliated with, has a short position in the company's shares. Micron Technology — The memory chip stock shed nearly 7% after Micron Technology offered guidance that was roughly in line with expectations.

Persons: Levi Strauss, Suzano, Gary Friedman, AeroVironment, Goldman Sachs, Alex Harring, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Walgreens, Alliance, CVS, LSEG, Hunterbrook Media, Hunterbrook, Micron Technology, Arista Networks, Citi

☆ CEO arrested and accused of running an Adderall drug ring
▼ + stars: | 2024-06-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTwo executives of a California-based telehealth company have been arrested and accused of running an illegal Adderall drug scheme to the tune of $100 million. Related storiesThe DOJ accuses the defendants of luring drug seekers to the subscription-based healthcare service through millions of dollars of deceptive social media advertisements. In addition to the drug conspiracy charges, He and Brody were also charged with conspiracy to obstruct justice. AdvertisementThis is the first time that anyone has been charged for operating an illegal drug distribution scheme through a telemedicine company, according to the DOJ.

Persons: —, David Brody, overdosed, Alejandro, Mayorkas, Brody didn't, Brody Organizations: Service, Department of Justice, Inc, Business, DOJ, of Homeland, Prosecutors Locations: California

☆ Mail-Order Abortions, Protected by Court for Now, Are Growing Rapidly
▼ + stars: | 2024-06-13 | by ( Margot Sanger-Katz | Claire Cain Miller | ) www.nytimes.com time to read: +1 min

The Supreme Court, for now, has protected telehealth abortion, which accounts for a substantial and growing share of abortions in the United States. In telehealth abortions, pills are prescribed over video or via online forms, and do not involve an in-person visit between a clinician and patient. The share of these abortions has grown rapidly in recent years; there were fewer than 4,000 in April 2022. On Thursday, the court upheld broad access to the drug mifepristone, one of two pills used in medication abortion. Since 2021, the agency has allowed abortion pills to be prescribed online and mailed to patients.

Persons: Roe, Wade Locations: United States, telehealth

☆ A.D.H.D. Startup Executives Accused of $100 Million Fraud in Adderall Scheme
▼ + stars: | 2024-06-13 | by ( Dani Blum | ) www.nytimes.com time to read: +1 min

Tens of thousands of patients with attention deficit hyperactivity disorder nationwide could face disruptions to their care after two executives of a major telehealth company that distributed A.D.H.D. The Department of Justice announced on Thursday that the chief executive and the clinical president of Done, the telehealth company, had been arrested and accused of participating in a scheme to distribute Adderall and other stimulants for A.D.H.D. to patients who did not need the medications, and to bill insurers for these drugs. The charges come amid ongoing shortages of Adderall and another stimulant, Vyvanse. said that as many as 50,000 patients across the nation who rely on Done or similar telehealth platforms to obtain stimulant medications may be affected.

Persons: General Merrick B, Garland Organizations: of Justice, Centers for Disease Control

Search resuls for: "Telehealth"

25 mentions found