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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
New York CNN —Over 75,000 Kaiser Permanente unionized employees walked off the job Wednesday in the largest health care worker strike in US history. One of the largest health care organizations in the country, Kaiser has 12.7 million members, according to the company. As a bus driver for the Orange County Transportation Authority, “I need those legs to drive,” Signorio told CNN Tuesday, citing the long wait for care. Michael Signorio, a Kaiser Permanente member, talked about the effects of the ongoing strike with CNN's Natasha Chen on October 4. During the last few months most of his doctors appointments have been rescheduled and overall everything has been very slow,” Fidel Vasquez told CNN over email.
Persons: , Kaiser, Michael Signorio, ” Signorio, “ I’ve, , CNN's Natasha Chen, “ We’re, “ I’m, I’m, Christina Campbell’s, , ” Campbell, Jennifer Fry, ” Fry, haven’t, ” Fidel Vasquez, Vasquez, Julie Zuchowski, Zuchowski, ” Zuchowski, ” Larriesha, Organizations: New, New York CNN, Kaiser Permanente, DC, CNN, Orange, Orange County Transportation Authority, Kaiser Locations: New York, California , Colorado, Washington , Virginia , Oregon, Maryland, Washington, Colorado , Oregon, California, Los Angeles, Sunset, Orange County, Kaiser
Brazil's Lula Leaves Hospital After Hip Surgery
  + stars: | 2023-10-01 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +1 min
BRASILIA (Reuters) - Brazilian President Luiz Inacio Lula da Silva left hospital on Sunday two days after hip surgery and will spend three weeks recovering at the Alvorada presidential residence, his office and doctors said. Lula underwent surgery at the Sirio-Libanes Hospital on Friday for arthrosis of the right hip caused by the extremely painful wear and tear of the cartilage on the head of the femur. His doctors had expected him to remain in the hospital until Tuesday, but he began to walk on Saturday in physiotherapy sessions. The hospital reported he had walked up and down stairs on Sunday. The arthroplasty, carried out under general anesthetic, involved removing the head of the femur to implant a prosthesis.
Persons: Luiz Inacio Lula da Silva, Lula, Giancarlo Polesello, Anthony Boadle, Aurora Ellis Organizations: Reuters, Libanes, United Locations: BRASILIA, United Arab Emirates, Alvorada
BRASILIA (Reuters) - Brazilian President Luiz Inacio Lula da Silva is clinically stable one day after hip surgery and has begun to walk in physiotherapy sessions, the Sirio-Libanes Hospital in Brazil's capital said on Saturday. Lula underwent surgery on Friday for arthrosis of the right hip caused by the extremely painful wear and tear of the cartilage on the head of the femur. His doctors expect him to remain in hospital until Tuesday when he will move to the presidential residence from where he will govern for three weeks as he recovers. The arthroplasty procedure, under general anesthetic, involved removing the head of the femur to implant a prosthesis. Lula will only resume presidential trips abroad at the end of November, when he plans to travel to the United Arab Emirates to attend the COP28 global climate meeting.
Persons: Luiz Inacio Lula da Silva, Lula, Giancarlo Polesello, Bernardo Caram, Nick Zieminski Organizations: Reuters, Libanes, United Locations: BRASILIA, Brazil's, United Arab Emirates
Bausch Health (BHC) is a different case. Key points Health-care stocks outperformed the broader U.S. stock market last year, but this year it's been much-tougher sledding for the sector due to a variety of headwinds. We feel comfortable owning our three other primary health care stocks: GE Healthcare, Humana and Danaher. In recent weeks, analysts at Wells Fargo and Citigroup have started coverage of GE Healthcare with buy ratings. The analysts at Jefferies now rate Bausch Health stock a buy, with a price target increase to $16 per share from $9.
Persons: There's Eli Lilly, Eli Lilly, That's, Eli Lilly's, Ryan Issakainen, we're, Issakainen, , Stryker, Jim Cramer, it's, Jim, We've, Bausch, BHC, We're, I'm, Jefferies, Jim Cramer's, Frederick Florin Organizations: GE Healthcare, Health, Federal Reserve, First Trust Advisors, Humana, Medicare, Dow, UnitedHealth, GE, General Electric, , Citigroup, Jefferies, CNBC, AFP, Getty Locations: what's, China, STE, Biogen, Wells, Bausch, Fegersheim, France
Scott was questioned in Houston during a deposition that could take several days to complete, two people with knowledge about the litigation said. This was the first time Scott was questioned by attorneys for those who have filed lawsuits since a crowd surge at his Nov. 5, 2021, concert in Houston killed 10 festivalgoers. That first trial would take place nearly 2.5 years since the deadly concert. In June, a grand jury in Houston declined to indict Scott and five other people on any criminal charges related to the deadly concert. Drake was also sued in connection with the deadly concert.
Persons: Travis Scott, Scott, festivalgoers, Drake, Juan, Lozano Organizations: HOUSTON Locations: Houston
FLORHAM PARK, N.J. (AP) — New York Jets quarterback Aaron Rodgers says he'll use doubters as motivation in his rehabilitation from Achilles tendon surgery and indicates he'll play football again — perhaps even this season. Rodgers tore his left Achilles tendon on the fourth snap of his debut with his new team on Monday night, a 22-16 overtime victory over Buffalo. Political Cartoons View All 1163 Images“Definitely some odds stacked against me based on age, but I like it,” Rodgers said. A lot of sadness, a lot of tears, a lot of dark frustration and anger, all the gamut of emotions. “I’m very confident in Zach and I think he’s confident himself, which is the most important thing,” Rodgers said.
Persons: Aaron Rodgers, Achilles, , Rodgers, , ” Rodgers, Pat McAfee, Neal ElAttrache, “ Stack, , I’ve, ” Rodgers wouldn't, “ I’m, Kevin Garnett, Buffalo's Leonard Floyd, Randall Cobb —, ” Zach Wilson, Zach, He’s Organizations: — New York Jets, Buffalo, Jets, MetLife, Dallas Locations: FLORHAM, N.J, Los Angeles, LA, Green Bay, it’s, York , New Jersey, New York
In recent years, the brand has introduced its sandals made with non-animal materials and a dizzying array of styles and colors. But the shoes’ appeal reaches across generations, making them as popular with millennials as they are with the boomer generation. Potential Risks: The trick of taking tradition publicBirkenstock’s statement said the company would face a number of risks in going public. Among them are the dangers posed by counterfeit products, it said, along with the “intense competition” from established companies and newcomers in the shoe market. “The transition from a historically family-owned German company to a publicly held company listed on a U.S. stock exchange may negatively impact our reputation,” the statement said.
Persons: Oliver Reichert, , Mr, Reichert, “ Barbie, , Barbie, Christian Dior, Manolo Blahnik, Stüssy, Valentino Garavani Organizations: U.S, Birkenstocks Locations: Germany, New York, Milan, , U.S
David Paul Morris | Bloomberg | Getty ImagesJust days before assisting in his first major shoulder-replacement surgery last year, Dr. Jake Shine strapped on a virtual reality headset and got to work. Kettering Health Dayton is one of dozens of health systems in the U.S. working with emerging technologies like VR as one tool for helping doctors to train on and treat patients. Since the beginning of last year, Meta's Reality Labs unit, which develops the company's VR and AR, has lost over $21 billion. Meta Quest 3 VR headset. "The first virtual reality headset that I used was this big clunky headset that had all these wires it had to be connected to a laptop to function."
Persons: Mark Zuckerberg, David Paul Morris, Jake Shine, Shine, Zuckerberg, didn't, Jan Herzhoff, Brennan Spiegel, Spiegel, Caitlin Rawlins, Rawlins, there's, Brent Bamberger, Reem, she's, it's, Daboul, PrecisionOS, Danny Goel, Richard Miller, he's, Miller, They're, It's, Goel, Kettering's Bamberger, Rafael Grossmann, Grossmann, Glass, Hollie Adams Organizations: Bloomberg, Getty, Kettering Health Dayton, CNBC, Meta, VR, Facebook, Labs, Apple, Elsevier Health's, U.S . Department of Veterans Affairs, Spiegel, Software, Doctors, PrecisionOS, University of Rochester, Portsmouth Regional Hospital, Google, of Fine Locations: San Jose , California, U.S, Ohio, Sinai, Los Angeles, Cedars, New Hampshire, Mayfair , London
CNN —It would be a mistake to presuppose these are the final days of Sen. Mitch McConnell’s record-setting run as the Republican leader in the Senate. In January, Trump referred to Barrasso as McConnell’s “flunky” during a radio interview in Barrasso’s home state of Wyoming. Trump views McConnell as an enemyNo Senate leader will be able to maintain a flawless relationship with Trump, but McConnell’s has been particularly fraught. McConnell’s wife, Elaine Chao, who served in Trump’s administration as transportation secretary, has more recently been the subject of racial insults from Trump. Any successor would have to navigate Trump’s control of the party – and the very real potential that Trump could return to the White House.
Persons: Sen, Mitch McConnell’s, Donald Trump’s, Trump, McConnell, Rich Lowry, , , CNN’s Manu Raju, Raju, It’s, George W, Bush, Lowry, ” Lowry, Johns ” – Sen, John Thune of, John Cornyn of, John Barrasso of, Thune, , Tom Daschle, – “, Kristi Noem, Tim Scott of, Cornyn, “ He’s, ” Cornyn, Utah’s Sen, Mitt Romney, Barrasso, McConnell’s, Elaine Chao, Trump’s Organizations: CNN, Republican, Republicans, National Review, Capitol, GOP, New York Times, today’s GOP, Senate, South Dakota Gov, Trump, Republicans ’ Locations: John Thune of South Dakota, John Cornyn of Texas, John Barrasso of Wyoming, today’s, Trump, Thune, Tim Scott of South Carolina, Cornyn, Wyoming
[1/2] FILE PHOTO-Prime energy drink cans sit on a shelf at Target in Brooklyn, New York, U.S., August 18, 2023. Rival products like Anheuser Busch InBev-backed (ABI.BR) Ghost energy drinks and Kim Kardashian's “Kimade” energy drink also have 200 mg of caffeine. In the U.S. and UK, no national regulations ban the sale of high-caffeine energy drinks. She added: "Any energy drink with a high dose caffeine in it, such as Prime Energy, is unsafe for children." “I got confused because when you first see the can, it’s hard to see where it says energy drink.
Persons: Kim Kardashian's, Holly Benjamin, Dr, Benjamin, Chuck Schumer, Alani, Logan Paul, KSI, Shick, , , Bonnie Patten, TINA, GNC, Vanessa O'Connell, Lisa Shumaker Organizations: REUTERS, Prime Energy, Anheuser Busch InBev, Monster Energy, University of Chicago, American Academy of Child, Psychiatry, FDA, U.S, Ghost Energy, Congo Brands, American Medical Association, Walmart, Target, Energy, Kailyn, Thomson Locations: Target, Brooklyn , New York, U.S, Canada, Australia, New Zealand, Congo, Florida, Kailyn Rhone, New York
Goldman Sachs reiterates Nvidia as buy Goldman said it's standing by it's buy rating after Nvidia's strong earnings report on Wednesday. Stifel upgrades Nvidia to buy from hold Stifel upgraded the stock after its strong earnings report Wednesday. Bank of America upgrades Williams-Sonoma to neutral from underperform Bank of America said that the downside scenario is now "off the table" for Williams-Sonoma. Bank of America downgrades Vizio to underperform from buy Bank of America double downgraded the stock on concerns about a weakening consumer. Bank of America downgrades Peloton to neutral from buy Bank of America said it sees "limited visibility on growth initiatives" for Peloton .
Persons: Needham, Rivian, it's, Oppenheimer, Goldman Sachs, Goldman, Morgan Stanley, Wedbush, Johnson, Splunk, Raymond James, Piper Sandler, Piper, Wolfe, Charles Schwab, Bernstein, Estee Lauder, Snowflake, Rosenblatt, Read Organizations: Nvidia, Center, Stifel, AMC, Bank of America, underperform Bank of America, Williams, Sonoma, Vizio, Johnson, Prudential, DFS, ADI Locations: CY2024, Williams, Sonoma, Snowflake
Opinion | Fixing America’s Health Care System
  + stars: | 2023-08-23 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “How Do We Fix the Scandal That Is American Health Care?,” by Nicholas Kristof, with photographs by September Dawn Bottoms (column, Aug. 20):Nicholas Kristof scratches the surface of the failures of the health care system in this country. I have been in practice for 28 years as a cardiologist and internist and have seen firsthand the miraculous breakthroughs in cardiac care as well as the appalling level of care typical in treatment of chronic diseases, especially among minority populations. Most care in this country is delivered by large for-profit and nonprofit entities (which function largely as for-profit entities but avoid taxes). These systems are incentivized to invest in high-end tertiary care, typically cardiac, orthopedic, neurosurgical and oncologic care, as they have the highest reimbursement. Our health care system needs to incentivize primary care and force nonprofit entities to allocate larger portions of their budgets to primary care or lose their nonprofit status.
Persons: Nicholas Kristof, Dawn Organizations: Health
However, the pharmaceutical companies are making the case that weight loss can improve health, and possibly lower health-care costs over time. But analysts have said the news isn't all bad for such stocks, and many were fell too low on Tuesday. Deutsche Bank analyst Imron Zafar estimated Thursday that bariatric surgery accounts for about 5% of Intuitive Surgical's U.S. robotic surgery business, but has been driving much of the company's growth. Some of the surgeons Zafar spoke with said any drop off in bariatric surgery was likely to be offset by increased use of the robot for other procedures. But they expect the drugs will remain necessary because GLP-1 drugs have yet to show they improve fibrosis, which is associated with NASH.
Persons: nonalcoholic steatohepatitis, NASH, Abbott, Robbie Marcus, Marcus, Marcus doesn't, Goldman Sachs, Goldman, Stryker, Smith, Zimmer Biomet, Bariatric, Imron Zafar, Zafar Organizations: Novo Nordisk, Abbott Laboratories, CNBC, JPMorgan, Companies, Inspire Medical Systems, Resmed, Philips, Nephew, Deutsche Bank, Madrigal Pharmaceuticals, Sagimet Biosciences, Akero Therapeutics, Terns Pharmaceuticals, Viking Therapeutics, Madrigal Locations: U.S
The 30 highest-paying jobs in Florida
  + stars: | 2023-08-02 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +2 min
The average annual wage for all occupations in Florida was $55,980, according to Bureau of Labor Statistics data. The 30 best-paying jobs in the state all pay well, but the estimated number of employees for each vary greatly. While the average annual wage for Florida was $55,980 in May 2022, the 30 jobs with the highest averages in the state were over double that. This job is also the best-paying job nationally, per average annual wage data, with a national average of $421,330. Below are the jobs that pay the best in Florida, according to average annual wage estimates.
Persons: Cardiologists, didn't Organizations: of Labor Statistics, Service Locations: Florida, Wall, Silicon
Birkenstock plans to file an IPO in September. The shoe brand, known for its comfortable cork-sole sandals, has gained popularity in recent years. But it wasn't always known as a fashion staple. This would be one more feat in Birkenstock's nearly 250-year history, which began with a family-run business that manufactured insoles. Here's how the shoe went from "ugly" hippie sandal to coveted fashion statement.
Persons: Birkenstock Organizations: Service, Bloomberg Locations: Wall, Silicon, Birkenstock's
Aug 1 (Reuters) - Zimmer Biomet Holdings Inc (ZBH.N) on Tuesday raised its full-year profit forecast, anticipating demand to hold up for its medical devices following a rebound in knee and hip replacement procedures. Abbott Laboratories (ABT.N) attributed its strong quarter to hospitals addressing bottlenecks from the pandemic while Johnson & Johnson (JNJ.N) said it expected to top profit estimates with surgeries bouncing back. The company now expects full-year profit of $7.47 to $7.57 per share, compared with its previous forecast of $7.40 to $7.50. The Indiana-based company's second-quarter revenue rose nearly 5% to $1.87 billion, beating analysts' estimates of $1.83 billion. Zimmer also expects reported revenue to grow between 6.5% and 7% this year, compared to its prior forecast of between 5% and 6%.
Persons: Zimmer, Johnson, Jeff Johnson, Mariam Sunny, Sriraj Organizations: Zimmer Biomet Holdings, Abbott Laboratories, Baird Equity, Thomson Locations: Indiana, Bengaluru
In addition, they should perform strength training and balance exercises at least twice weekly. Adults age 65 and older should perform strength training and balance exercises at least twice every week. Couple that with the benefits of strength, balance and flexibility work, and you’ve got a great chance at aging well. Strap on a weighted backpack during your walk, and now you’re “rucking,” an exercise based on military training that combines aerobic exercise with strength training. “If you don’t believe strength training, balance and flexibility work will really help, give it a try for a few months and see what a difference it makes,” he said.
Persons: , George Eldayrie, , John Higgins, Eldayrie, you’ve, ” Higgins, ” Eldayrie, Melanie Radzicki McManus Organizations: CNN, National Institutes of Health, Orlando Health Jewett Orthopedic Institute, US Centers for Disease Control, McGovern Medical, University of Texas Health Science Center, Houston, CNN’s Locations: Winter Garden , Florida, CDC
That level of improvement shows that adjustments on the fly can produce a quick fix, but there is usually another problem waiting around the corner. At the King George, doctors cannot discharge patients quickly enough because there is nowhere to send them for longer-term therapy. In Britain, local councils, not the National Health Service, are responsible for social care. Given the need to overhaul primary care and social care, some experts argue the best thing the N.H.S. At Queen’s, even with the recent improvements, patients suffering from mental health issues can be stranded in the emergency room for more than 36 hours.
Persons: Merritt, King George, Mr, Edwards, Organizations: National Health Service Locations: E.R, Queen’s, Britain
Amazon Prime Day is one of the best times to get top-quality sleep products for significantly less. If you're looking for a new pillow, read on for our favorite discounts this Prime Day — your neck will thank you later. The best Prime Day pillow dealsDeal icon An icon in the shape of a lightning bolt. We regularly see this pillow drop to its lowest price on Prime Day, and this year is no exception. While Prime Day is an excellent time to buy a great pillow at a discount, some of the best discounts of the day are Prime Day mattress deals.
Persons: We've, Coop, Price, Casper, it’s, Eli, you'll Organizations: Amazon, Casper, Elm, Sleep
If you're looking for a new pillow, read on for our favorite discounts this Prime Day — your neck will thank you later. The best Prime Day pillow dealsDeal icon An icon in the shape of a lightning bolt. We regularly see this pillow drop to its lowest price on Prime Day, and this year is no exception. Lowest Price Casper Foam Pillow If you’re in the market for a new pillow, Casper’s popular foam pillow is on sale for 30% off this Prime Day. While Prime Day is an excellent time to buy a great pillow at a discount, some of the best discounts of the day are Prime Day mattress deals.
Persons: Coop, Price, Casper, it’s, Eli, you'll Organizations: Amazon, Casper, Elm, Sleep
Of course, this can get pretty pricey, so sales like Amazon Prime Day are a great time to get top-quality sleep products for significantly less. We're rounding up all the best Prime Day deals, including the best savings on top-rated pillows. If you're looking for a new pillow, read on for our favorite discounts this Prime Day — your neck will thank you later. The best Prime Day pillow dealsDeal icon An icon in the shape of a lightning bolt. While Prime Day is an excellent time to buy a great pillow at a discount, some of the best discounts of the day are Prime Day mattress deals.
Persons: It's, Coop, Price, Casper, Eli, you'll Organizations: Amazon, Casper, Elm, Sleep
Video Ad Feedback Are 'metaversities' the college campus of the future? 03:14 - Source: CNNCNN —When Muhsinah Morris stepped onto the central quad of the Morehouse College campus in Atlanta, Georgia, she cried. Morehouse College is the world’s first Metaversity, an interactive, virtual learning space based on real or imagined environments. Muhsinah Morris, in person, at the real Morehouse College campus in Atlanta, Georgia. Morehouse’s Metaversity campus and courses are funded by several grantors, including Meta, Qualcomm, and T-Mobile.
Persons: Muhsinah Morris, , Morehouse, lockdowns, Morris wasn’t, Morris, Morehouse’s, , , Juan Johnson, Morris isn’t, Danny P, Goel, Rose Luckin, it’s Organizations: CNN CNN, Morehouse College, , CNN, VR, Orthopedic, VictoryXR, University College London Knowledge Lab, Institute, Ethical AI, Morehouse, Meta, Qualcomm Locations: Atlanta , Georgia, Morehouse’s, Vancouver, Canada,
Opioids may not work for back pain, study finds
  + stars: | 2023-06-28 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
The authors found that in terms of effects on back and neck pain, opioids weren’t any more helpful than the placebo. More people in the opioid group had ongoing pain at weeks 26 and 52 than in the placebo group. The opioid group had worse mental health scores and more reports of nausea, dizziness and constipation than the placebo group. Opioids and painThe study authors and experts who weren’t involved in the new study have theories on why opioids weren’t found to be more helpful than the placebo. “The good news is most people with acute low back pain and neck pain recover within 6 weeks naturally.”The authors studied nonspecific back or neck pain, which is pain with an unknown cause.
Persons: haven’t, , Christine Lin, Lin, Naloxone, ” Lin, weren’t, Mark D, Sullivan, Jane C, Ballantyne, ” Sullivan, ” Dr, John Finkenberg, wasn’t, don’t, Finkenberg, ” Finkenberg Organizations: CNN, American Spine Society, University of Sydney, University of Washington Locations: Australia, Sydney, San Diego
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