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☆ American companies are draining their cash at the dumbest possible time
▼ + stars: | 2023-06-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Companies are sitting on a lot less cash than they were last year, largely because they’re spending it on share buybacks and corporate dividends. What’s happening: A new report from Moody’s Investors Service finds that nonfinancial companies’ corporate cash declined 12% last year to $2 trillion. But debt was flat year over year, meaning that companies didn’t use much of their cash reserves to pay down outstanding loans. Now that it’s more expensive to borrow, companies in the US should reconsider the amount of money they’re spending on buybacks, he added. Preventing companies from repurchasing their own shares, they argue, would free corporate cash to invest in growth and raise wages instead.

Persons: Emile El Nems, ”, Ben Lofthouse, Janus Henderson, ” El Nems, Joe Biden, buybacks, “, Brian Moynihan, Moynihan, CNN’s Poppy Harlow, Nathaniel Meyersohn, That’s Organizations: CNN Business, Bell, New York CNN — Companies, Moody’s Investors Service, Moody’s, Federal Reserve, Bank of America, Corporations, ”, CNN, Commerce Department, UBS Locations: New York, buybacks

☆ Pickleball injuries may cost Americans nearly $400 million this year
▼ + stars: | 2023-06-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

Pickleball injuries may cost Americans $377 million in health care costs this year, accounting for 5% to 10% of total unexpected medical costs, UBS analysts estimated in a report Monday. From 2010-2019, 86% of emergency department visits due to pickleball injuries occurred in people over 60 years old, according to the medical study. Around 60% of pickleball injuries are sprains, strains and fractures. The analysts estimated that there will be around 67,000 emergency room visits, 366,000 outpatient visits and 9,000 outpatient surgeries related to pickleball injuries this year. According to the Sports and Fitness Industry Association trade group, pickleball has grown from 3.5 million players in 2019 to 8.9 million in 2022.

Persons: New York CNN —, Pickleball Organizations: New, New York CNN, UBS, Sports, Fitness Industry Association Locations: New York

☆ Humana joins UnitedHealth in flagging cost hit from rising surgeries
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

June 16 (Reuters) - Health insurer Humana Inc (HUM.N) joined larger rival UnitedHealth (UNH.N) in warning of a jump in medical costs this year due to higher-than-expected demand for surgeries and other medical procedures. Humana on Friday also pointed to elevated demand for outpatient surgeries and dental services, as well as strong inpatient demand in recent weeks, a trend it said was diverging from historical seasonality patterns. The health insurer generated more than 80% of its premiums and services revenue in 2022 from offering government-backed Medicare plans. UnitedHealth had flagged higher costs earlier this week following an increase in surgeries among older adults, wiping out billions in the market capitalization of health insurers including Humana. On the flip side, the rise in medical procedures is expected to help hospital operators and medical device makers, especially those in the orthopedic space.

Persons: UnitedHealth, Leroy Leo, Anil D'Silva Organizations: Humana Inc, Humana, Thomson Locations: Bengaluru

☆ The Most Comfortable Pillows for Back Sleepers
▼ + stars: | 2023-06-06 | by ( ) www.wsj.com time to read: +14 min

Best overall pillow for back sleepersSaatva Latex Pillow $165 at Saatva Saatva’s shredded latex pillow balances plush comfort with a solid amount of neck support. Best memory foam pillow for back sleepersTempur-pedic TEMPUR-Cloud Ultimate Pillow $89 at Tempur-pedic The Tempur-Cloud Ultimate Pillow is a responsive memory foam model that adapts to your body for plush comfort and pressure point relief. But within a day, it plumped up nicely to make a medium-loft memory foam option that would work for different size sleepers. I’ve written extensively about sleep and sleep hygiene in particular, including reviews for Buy Side of pillows for side sleepers, pillows for stomach sleepers and the best mattress toppers. Temperature regulation: For a comfortable night’s sleep, pillows should keep the microclimate—the area between the sleeper and the bedding—from feeling warm.

Persons: Lisa Lombardi, ”, Rahul Shah, you’re, We’ve, “, Shah, Coop, it’s, Nolah’s, I’ve, Heather Swain, D.P.T, Robin Zachary, University of Toledo Robin Zachary Organizations: NASA, Health, University of Toledo Locations: M.D, Vineland , N.J, —, Tempur, Toledo , Ohio, New York City

☆ One Man’s Mission to Make Running Everyone’s Sport
▼ + stars: | 2023-06-02 | by ( Danielle Friedman | ) www.nytimes.com time to read: +2 min

“And then I can finally be accepted.”In 2012, Mr. Evans and his then girlfriend (now wife) moved to Connecticut, where she had gotten into graduate school. The pain brought him to an orthopedic surgeon, who, he writes in his book, took one look at him and told him: “Mr. For extra motivation, Mr. Evans started a blog he called 300 Pounds and Running, where he began to chart both his running progress and weight loss. He found that he enjoyed running, despite the passers-by who would occasionally hurl insults at him. More than once, Mr. Evans said he has also been stopped and questioned by police while jogging.

Persons: I’ll, ”, Evans, Wearhouse, Mr, “ I’m Organizations: Lane College, Central Michigan University Locations: Tennessee, Connecticut

☆ J&J secures dismissal of whistleblower case over misuse of confidential info
▼ + stars: | 2023-06-01 | by ( Brendan Pierson | ) www.reuters.com time to read: +3 min

FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. Montecalvo was joined by Chief Judge David Barron and Circuit Judge Kermit Lipez. The devices became the subject of more than 10,000 product liability lawsuits consolidated before a federal judge in Texas. Circuit Court of Appeals, No. For plaintiffs: Ross Morrison of YankwittFor J&J: Adam Tarosky of Nixon PeabodyRead more:J&J hip implant whistleblower case tossed over confidential info misuse

Persons: Johnson, Brendan McDermid, J, Judge Page Kelley, Antoni Nargol, David Langton, Lara Montecalvo, Montecalvo, David Barron, Kermit Lipez, Langton, DePuy, Nargol, Ross Morrison, Yankwitt, Adam Tarosky, Nixon Peabody Read Organizations: Reuters, Johnson, New York Stock Exchange, REUTERS, 1st U.S, Circuit, Appeals, Inc, U.S . Food, Drug Administration, & $ Locations: New York, U.S, Boston, Texas, Nargol, United States, 1st

☆ Summer Is Coming. It’s Time to Check Your Feet.
▼ + stars: | 2023-05-26 | by ( Jancee Dunn | ) www.nytimes.com time to read: +1 min

For the past few months, my feet have been sheathed in socks and slippers — like cave fish, hidden from the light. In preparation, I carefully inspect every inch of my feet to ensure they are ready to show to the world. Suddenly swollen feet can indicate high blood pressure, said Dr. Kirk Geter, the chief of podiatry at Howard University Hospital. Swelling can also be a sign of gout or kidney problems, Dr. Geter added, while tingling and numbness in the feet can indicate diabetes. So each day, you should inspect the bottoms and tops of your feet — as well as between your toes — and wiggle your toes around, Dr. Geter said.

☆ These Are the Best Pillows for Stomach Sleepers
▼ + stars: | 2023-05-03 | by ( ) www.wsj.com time to read: +16 min

By Lisa LombardiIf you’re a stomach sleeper, you’ve likely shopped for squishy, soft pillows in the past. That’s why finding the ideal pillow for stomach sleepers can prove to be difficult. It cushioned my head without allowing it to collapse into the mattress, like some other soft pillows do. Best upgrade pillow for stomach sleepersCozy Earth Silk Pillow $224 at Cozy Earth $ 299 Save $ 75 Silk-filled with a breathable bamboo cover, this pillow is a luxe pick for stomach sleepers who tend to overheat while they sleep. This flexibility proves particularly helpful for stomach sleepers, since getting the right loft is important to avoiding neck discomfort.

It may explore a private sale alongside a stock market listing, they added. An IPO might not take place until next year, as market conditions remain challenging for new listings, one person said. LimaCorporate, which designs orthopedic implants, posted revenue of 248.6 million euros ($274.5 million) for 2022, and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 66.2 million euros. It also reported a yearly loss of 27.9 million euros after taxes. EQT was reported in 2020 to be working with advisers on a possible IPO or sale of the business, but a transaction never materialised.

☆ Here are the highest-paying jobs in America
▼ + stars: | 2023-04-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

Lawyers, nurse anesthetists, and emergency medicine physicians are all high-paying jobs. The average annual salary for cardiologists far exceeded other jobs, with an average of $421,330. Cardiologists had an average pay of $421,330, while the national annual average for all occupations was $61,900. These two jobs had average pay of about $160,000 — $163,310 and $163,770 respectively. Below are the 30 highest-paying jobs, along with each occupation's total employment estimate and average annual pay.

The deadly tragedy summed up the sudden destruction left by recent tornadoes that have ripped through the U.S. South and Midwest. Everything crashes down," Jessica Hernandez, who was inside the theater on Friday, told Reuters in an interview. A man aged around 50 was killed in the collapse and dozens were left injured, officials said. Over 40 people were treated at local hospitals following the roof collapse incident and most injuries included orthopedic, head and neurologic trauma, and soft tissue injuries, CBS News reported, citing a local doctor. In Illinois, three other people were killed in Crawford County after the collapse of a residential structure, the state Emergency Management Agency said on Saturday.

☆ The Best Pillows for Side Sleepers, According to Experts
▼ + stars: | 2023-03-27 | by ( ) www.wsj.com time to read: +13 min

Best memory foam pillow for side sleepersSaatva Graphite Memory Foam Pillow $165 at Saatva This responsive and well-cushioned pillow is also cooling, thanks to its graphite-infused memory foam. (It’s technically made with shredded memory foam around a latex core.) More than other memory foam pillows we tested, the Saatva takes the shape of your head and neck—as in, you can see your form in the pillow. Another plus: It feels cool to the touch, which we found isn’t always the case with memory foam pillows we’ve tried. The company uses both graphite and gel in its memory foam to carry heat away from your body.

☆ Here's an exclusive look at the pitch deck that Y Combinator alum Opkit, a health insurance verification startup, used to raise funding from investors like Plaid CEO Zach Perret's VC firm
▼ + stars: | 2023-03-07 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +3 min

Opkit is a startup that helps telehealth companies verify and process patient health insurance. Software engineers Sherwood Callaway and Justin Ko first met as early employees at the fintech startup Brex and became fast friends. As more telehealth companies were popping up after the pandemic, they often had issues with quickly processing patient health insurance for care, Callaway told Insider. Opkit also offers providers an insurance dashboard, that allows telehealth employees to perform eligibility checks or inquiries to insurance companies about specific patients' plans. "Opkit was our first experience doing venture fundraising, and Y Combinator really helped us make connections with investors," said Callaway.

☆ Death toll from devastating Brazil downpours rises to 44
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Feb 21 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state rose to 44 people, according to a state government statement on Tuesday. The city of Sao Sebastiao bore the brunt of the human toll, with 43 reported deaths. [1/5] Firefighters work to find victims in one of the landslides sites after severe rainfall at Barra do Sahy in Sao Sebastiao, Brazil, February 21, 2023. Sao Paulo state Governor Tarcisio de Freitas said the Navy would build a field hospital for victims starting Thursday. The deluge happened as tourists thronged to Brazil's beaches during the annual Carnival holiday, likely making the human toll much worse.

☆ Globus Medical to buy NuVasive in deal valued at about $3 billion
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

Feb 9 (Reuters) - Device maker Globus Medical Inc (GMED.N) said on Thursday it was acquiring peer NuVasive Inc (NUVA.O) in an all-stock deal valued at about $3 billion to increase its scale in the competitive surgical space. NuVasive shareholders will receive 0.75 of Globus' share, which implies a stock price of $57.72 for NuVasive, representing a premium of about 26% to its last close. The company reported sales of $896.5 million for the first nine months of 2022. It reported sales of $748.3 million for the first three quarters of last year. Following the close of the transaction, NuVasive shareholders will own about 28% of the combined company, and Globus Medical shareholders will own around 72%.

☆ I make 6 figures as a hospital pharmacist. Here's why it's a great career, and my advice to anyone who wants to pursue it.
▼ + stars: | 2023-02-02 | by ( Gabrielle Reeder | ) www.businessinsider.com time to read: +8 min

Her hospital and pharmacy is open 24/7, and she works 8-hour shifts including Sundays at times. Rummana said the job is always fast-paced, but she's grateful and loves being a hospital pharmacist. I started working at CVS and then transitioned into hospital pharmacy at St. Joseph's Wayne Hospital in Wayne, New Jersey. I started working at Hackensack in January 2021 as a hospital pharmacist, and I make $71.60 an hour. Seeing people leave the hospital and lead happier, healthier lives can be translated into a career as a pharmacist.

☆ I'm a leg-lengthening surgeon. Most of my clients are men with confidence issues — here's what the procedure's like
▼ + stars: | 2023-01-29 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +14 min

Shahab Mahboubian performs 30 to 40 cosmetic limb-lengthening surgeries a year. The only field in medicine that uses all of these tools is orthopedic surgery, so it seemed like the right fit. I specialized in limb-lengthening surgery specifically because I wanted to do something that was different from everybody else. People that undergo limb-lengthening surgery are from all walks of life, and many used COVID lockdowns to recover post-surgery. I would say 80% to 85% of my cosmetic limb-lengthening patients are men, and 15% to 20% are women.

☆ Medical device stocks tend to beat the market, and analysts expect these names to see big gains
▼ + stars: | 2023-01-23 | by ( Bertha Coombs | ) www.cnbc.com time to read: +4 min

Medical device makers, like many manufacturers, have faced challenges over the last year from inflationary supply chain costs, staffing shortages and the strong dollar impacting sales overseas. However, since 2007 the device sector ETF has averaged a gain of 14% per year, 6 percentage points better than the broader market index over the same period. More than 60% of analysts rate the shares a buy, with a mean price target implying 34% upside. Nearly 90% of analysts rate the stock a buy, with mean price target of $53, implying more than 30% upside. BTIG analysts Marie Thibault and Ryan Zimmerman think that M & A could be another catalyst for the medical device sector in 2023, with robotic surgery players likely to be of particular interest.

☆ Actor Jeremy Renner says he broke more than 30 bones in snowplow accident
▼ + stars: | 2023-01-22 | by ( Leila Sackur | ) www.nbcnews.com time to read: +1 min

Actor Jeremy Renner broke more than 30 bones in his body when he was run over by a snowplow earlier this month, he said in an Instagram post Saturday. Neighbors helped as he waited 40 minutes for first responders to arrive on the scene due to weather conditions, Balaam said. Renner suffered blunt chest trauma and orthopedic injuries, his representative, Sam Mast, said at the time, adding that Renner was in critical but stable condition when he was treated in the ICU. “Outside my brain fog in recovery, I was very excited to watch episode 201 with my family at home,” he said. The actor, who is a two-time Oscar nominee, had previously posted images and video on Instagram of him standing next to snowplows and rolling through icy terrain in a Jeep.

☆ A Rare BMW Model Driven by James Bond—and a Retired Surgeon From Missouri
▼ + stars: | 2023-01-21 | by ( A.J. Baime | Photographs Christopher Smith For The Wall Street Journal | ) www.wsj.com time to read: 1 min

C. Daniel Smith , 67, a recently retired orthopedic surgeon living in St. Joseph, Mo., on his 2002 BMW Z8, as told to A.J. Orthopedic surgeons have quite a bit of time between cases, and sometimes, to take the edge off, we would talk in the surgeon’s lounge about anything but work. I have a good surgeon friend named Steve Long who is, like me, nuts about cars, and oftentimes we would talk about our favorites. One day, we happened on the BMW Z8.

Actor Jeremy Renner is out of the hospital and back at home after he was run over by a snowplow earlier this month and sustained serious injuries. Renner, 52, has been keeping fans updated on his progress since he was hospitalized on New Year’s Day following the accident. Renner had blunt chest trauma and orthopedic injuries from the accident, his representative, Sam Mast, said earlier this month. Renner went to speak to a family member when the snowplow started to roll toward him. Neighbors helped Renner while he waited 40 minutes for first responders to arrive because of the weather conditions, Balaam said.

Ontario has some private healthcare providers but they are a small part of the health system and provide relatively few public surgeries. Critics worry sharply expanding their footprint will take staff from the pool of public health workers. In 2021, the Commonwealth Fund ranked Canada's health system tenth out of 11 rich countries. Ontario's government said it is following the lead of provinces such as Alberta, which contracts with private providers and said last fall it will fund more surgeries in private clinics. No one disputes Ontario's health system faces serious challenges.

☆ Top Wall Street analysts like these stocks amid easing inflation
▼ + stars: | 2023-01-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To help the process, here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their track records. Hims & HersAnother stock that Feinseth has recently reiterated as a buy is the multi-specialty telehealth company, Hims & Hers (HIMS). Feinseth is confident in HIMS's strong brand equity and customer loyalty, which he expects will continue to drive business performance. BTIG analyst Ryan Zimmerman notes that the company stands to benefit from this space as larger players have mostly overlooked the opportunity. (See OrthoPediatrics Financial Statements on TipRanks) Last week, Zimmerman reiterated his buy rating and $62 price target on KIDS stock.

☆ A woman waiting while her family test-drove a Tesla got hit by a car driven by an employee, lawsuit says
▼ + stars: | 2023-01-14 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

A woman sued Tesla for $2 million after she was struck by a car driven by a worker at a dealership. Rakshinda Parvez was waiting while her family test-drove a Tesla, according to the lawsuit. The lawsuit claimed she suffered multiple injuries, but Tesla disputed her account of the incident. She walked behind a Tesla driven by an employee that had stopped at the parking lot exit, an amended complaint filed in November stated. The car then reversed "suddenly and without warning," resulting in concussion as well as neurological, disc, and other orthopedic injuries to Parvez, the lawsuit alleged.

Actor Jeremy Renner was run over by his own snow plow while moving snow near his home near Reno, Nevada. The incident happened while the actor was trying clear his own car, driven by a family member, from the snow. "There was about three feet that we just received on top of whatever else they'd received prior to this big snowstorm, but three feet of fresh snow," Balaam said. Renner used his own plow, described as a PistenBully that weighs more than 14,000 pounds, to extract the car from the snow. Balaam described Renner as a "great neighbor" who often cleared the roads for others after snowstorms and was a beloved member of the community.

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