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Jan 25 (Reuters) - Abbott Laboratories (ABT.N) on Wednesday reported lower-than-expected medical device sales in the fourth quarter as COVID-19 curbs in China and supply-chain issues hit its international operations, dragging shares 2.5% lower in premarket trading. The multinational healthcare giant recorded an overall medical device sales of $3.75 billion, missing analysts' average estimate of $3.84 billion. The company, however, posted a better-than-expected quarterly profit, underpinned by strong demand for its diagnostics business and glucose monitoring device FreeStyle Libre. Freestyle Libre has been driving the sales of Abbott's medical devices, offsetting a decline in COVID-19 diagnostic test sales as infections wane. The company recorded $1.1 billion each in sales of FreeStyle Libre and COVID-testing related sales.
Texas spent just under $9 million busing migrants across the country over the holidays. In total, Texas has now spent roughly $29 million on the program since April 2022. According to public records obtained by Insider, Abbott's migrant bus program cost the Texas Division of Emergency Management $8.97 million over the November and December holidays. Many of those on these Texas buses are people seeking asylum — a legal right — fleeing poverty and political persecution in countries such as Nicaragua, Cuba, and Venezuela. In November, Domingo Garcia, president of the League of United Latin American Citizens, or LULAC, argued that the millions spent busing migrants would have been better spent elsewhere, according to WFAA.
Texas A&M University and the University of Texas at Austin have blocked TikTok from campus WiFi. Texas A&M University — thought to be the state's biggest university with close to 70,000 students — is blocking TikTok from its IT network under a directive by Governor Greg Abbott, local news outlets reported on Tuesday. Lamar University and the University of Texas at Dallas told students that TikTok would continue to work at its residence halls. Even then, access would only be granted on devices connected to cellular services, not to the university's WiFi or wired network. Do you study or work at a US university that has banned the use of TikTok on campus WiFi?
The other two tests expire in a month. Some of the newly delivered iHealth tests from Covid.gov expire in the next month or so, according to their extended dates. To find out when a Covid test really expires — factoring in the extension period — people can look up the manufacturer and test name on the FDA website. The latest extended dates for Abbott's BinaxNOW tests are in April. The USPS site for ordering free tests includes a notice telling people to check the extended expiration dates and directing them to the FDA site.
Abbott renewed his calls for the federal government to send funds to Texas to address the border. Since April, Texas has spent millions of dollars busing migrants to places like DC and Chicago. Greg Abbott said Sunday during President Joe Biden's visit to the border that the state "desperately needs more money" to address the issue. Texas desperately needs more money," Abbott said. Texas had spent $12 million on the efforts as of August, the Texas Tribune reported at the time.
LONDON, Jan 6 (Reuters) - March 2022 will go down in the history books as the moment the global nickel market broke down. The search is on for a new nickel price discovery process. Global Commodities Holdings (GCH) thinks it has a solution, a blast from the LME's own distant past that could have far-reaching consequences for industrial metals trading. This is self-evidently true of the LME nickel contract, which simply could not absorb the scale of short positions accumulated by China's Tsingshan Group. It may not just be nickel players keeping a close eye on GCH's proposed new metals pricing solution.
Local organizers in Washington say three buses of recent migrant families arrived from Texas near the home in record-setting cold on Christmas Eve. Three buses of recent migrant families arrived from Texas near the home of Vice President Kamala Harris in the record-setting cold on Christmas Eve. Local organizers had expected the buses to arrive Sunday but found out Saturday that the group would get to Washington early, Laborde said. It was the coldest Christmas Eve on record for Washington, according to the Washington Post. Laborde said employees had blankets ready for the people who arrived on Christmas Eve and moved them quickly onto waiting buses for a ride to an area church.
Health-insurance firms are required to cover eight at-home COVID-19 tests per customer a month. Insurance companies must cover eight over-the-counter at-home COVID-19 tests per person per month, the Biden administration announced in January of 2022. More free tests will be home-delivered starting in DecemberAmericans with private insurance are able to order tests through pharmacy retailers like CVS and Walgreens. Each household is limited to four at-home tests, and the orders will begin to ship before Christmas this year. The Biden administration will also be distributing free at-home tests to 6,500 Department of Housing and Urban Development-assisted rental housing properties and up to 500 major food banks.
Philadelphia officials lashed out at Texas Gov. Greg Abbott on Wednesday after a 10-year-old girl who arrived in Philadelphia on a bus of migrants from Texas was hospitalized with dehydration and a fever. The busload included 28 people in total, including 23 adults and five children, Philadelphia officials said at a press conference Wednesday. "This information was confirmed late yesterday without coordination or warning by Texas Governor Greg Abbott’s office through a press release," Kenney said at the press conference held by city officials. In recent months, Abbott has repeatedly sent migrants on buses from Texas to other major cities, including New York and Washington, D.C. Florida Gov.
Nov 15 (Reuters) - The U.S. health regulator said on Tuesday it would review guidance and rules about manufacturing infant formula as part of its strategy to prevent bacterial illness similar to Abbott Laboratories' (ABT.N) products this year. The plant shutdown and the recall of Abbott infant formula products deepened a supply shortage and sent parents in the United States scrambling. Abbott's plant was restarted in July. While the bacterial infection is considered rare and is not reportable in most states, it can be deadly in newborns. Abbott's products were recalled following reports of four cases and two deaths.
Greg Abbott won the race to remain governor just five months after the worst school shooting in Texas. "Unfortunately, 21 people dead doesn't change people's minds," a bereaved relative told the Texas Tribune. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyJust five months after the Robb Elementary School school shooting in Uvalde, the worst school shooting in Texas history, pro-gun Gov. He'd previously accused Abbott of inaction following the Uvalde shooting, saying, "You are doing nothing. "Unfortunately, 21 people dead doesn't change people's minds," said Jazmin Cazares, 17, whose nine-year-old sister, Jacklyn, was killed at the Robb Elementary school shooting, the outlet reported.
NEW YORK, Nov 1 (Reuters) - Infant formula manufacturer Perrigo Company Plc (PRGO.N) said on Tuesday it is buying the Good Start brand and a Wisconsin plant that makes the product from Nestle SA (NESN.S), as U.S. retailers recover from shortages of the good. The deal is part of a $170 million investment that Perrigo is making in its U.S. infant formula manufacturing. The investment includes $60 million to expand the plant's capacity by roughly 100 million eight-ounce bottles each year. Nestle has sent cans of specialized Alfamino formula and NAN from Europe to help try to alleviate the shortage earlier this year. Perrigo will supply Nestle with Good Start formula so the company can fulfill its contracts with the Women, Infants and Children program, which helps poor families afford the item.
Republican candidates appear to be making gains in the final sprint to the November midterms, with new election forecasts in key swing states and partisan strongholds flashing warning signs for Democrats. Republican Senate hopeful J.D. Even in reliably blue states, Democrats' slim congressional majorities are under threat. The pollster surveyed 649 likely Texas voters between Oct. 16 and Oct. 19, and carries a plus or minus 5.1 percentage point margin of error. Accordingly, Democrats' chances of holding the Senate now look much tighter, according to FiveThirtyEight's tracker.
Abbott raises 2022 profit forecast for second time
  + stars: | 2022-10-19 | by ( Nancy Lapid | ) www.reuters.com   time to read: +1 min
Oct 19 (Reuters) - Abbott Laboratories (ABT.N) on Wednesday raised its annual earnings forecast for the second time, citing strong demand for medical devices and COVID-19 diagnostic tests. COVID-19 test kit sales were up $1.7 billion, compared to $1.9 billion last year and $2.3 billion in the second quarter, as testing declined amid a slower pace of infections. The company now expects $5.17-$5.23 per share in adjusted earnings this year, compared to at least $4.90 per share it forecast earlier. read moreAbbott said it expects around $7.8 billion in COVID-19 test sales this year, with $500 million in the fourth quarter, compared to the $6.1 billion it had forecast earlier. The Illinois-based company reported third-quarter worldwide sales of $10.4 billion, down 4.7% from a year ago.
Abbott is recalling Similac baby formula products due to faulty bottle caps that may cause spoilage. The announcement comes after Abbott's February formula recall that prompted a national crisis. The company issued a voluntary recall on Friday for several Similac ready-to-feed liquid products produced at its Columbus, Ohio facility. The announcement comes after Abbott recalled baby formula products in February when strains of a potentially deadly bacterial virus were found at a manufacturing plant in Sturgis, Michigan. The recall led to a widespread shortage of baby formula, from which many retailers are still struggling to recover.
Abbott recalls some liquid baby formula over bottle defect
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +1 min
Oct 14 (Reuters) - Abbott Laboratories (ABT.N) said on Friday it was recalling some ready-to-feed baby formula liquid products including Similac-branded items due to inadequate sealing of some bottle caps. The recall, which equates to less than one day's worth of infant formula used in the United States, is not expected to impact the overall formula supply, Abbott said in a statement. Abbott has been at the center of a baby formula shortage in the United States that earlier this year sent parent scrambling for supplies. Register now for FREE unlimited access to Reuters.com RegisterThe recall of baby formula made at Abbott's Michigan plant following complaints of bacterial infection in February exacerbated its shortage in the United States. Shares in Abbott, which is recalling products made at the company's plant in Columbus, Ohio, were down 1.1% at $101.39 in afternoon trading.
Continuous glucose monitors (CGMs) allow diabetics to track their blood sugar 24/7. They're incredibly useful, providing insight on how your blood sugar reacts to insulin, food, exercise and whatever else affects it. Abbott Freestyle Libre 3 sensor CNBC | Andrew EversThe trend arrows tell you if your glucose is steady, rising or falling. Abbott Freestyle Libre 3 size vs Dexcom G6 CNBC | Erin BlackIt was accurate most of the time. Abbott Freestyle Libre 3 Apple iWatch notification CNBC | Erin BlackPrescription required, price varies
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAbbott's Freestyle Libre 3 can discreetly monitor your blood sugar 24/7Abbott Laboratories newest continuous glucose monitor is now available at participating retail pharmacies and through durable medical equipment suppliers. The Freestyle Libre 3 was approved by the FDA in June and is a step up from previous Abbott systems. CNBC's Erin Black, a type 1 diabetic, tested out the Libre 3 for over a month. Here is her review.
Two men in Missouri are accused of plotting to shoot migrants at the Texas border and broadcasting their plans on TikTok, the FBI said. Threats on TikTok against migrants, governmentAccording to the affidavits, the FBI received an anonymous tip last month that Perry, using TikTok account @trashpanda1774, posted a video threatening an attack against the government. Around the end of last month, O'Dell posted a video to the TikTok account @mobornfromthe90s in which he discussed his plans to "secure the southern border" and leave for Texas on Oct. 4. Using phone records showing frequent communication between Perry and O'Dell, the FBI identified O'Dell and found his address in Warsaw, Missouri, about 100 miles southeast of Kansas City. On Oct. 2, two days before O'Dell had said the pair would be heading to Texas, an undercover FBI employee spoke to O'Dell on a phone call.
Asylum-seeking migrants cross the Rio Grande to El Paso, Texas, U.S., as seen from Ciudad Juarez, Mexico, October 3, 2022. Lopez Obrador said the country's immigration policies were not changing, but stressed that it was important for Mexico not to be swept up in the U.S. electoral rhetoric. Former U.S. President Donald Trump, a Republican, made illegal immigration a focal point of his 2015-16 election campaign, causing outrage in his country's southern neighbor by describing Mexican migrants as rapists and drug runners. In his remarks, Lopez Obrador pointed to legislative and governor elections scheduled for Nov. 8., including Texas Governor Greg Abbott's re-election race. Register now for FREE unlimited access to Reuters.com RegisterReporting by Brendan O'Boyle; Editing by Dave Graham and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
GOP makes push to weaken Democrats’ grip on Texas border
  + stars: | 2022-10-10 | by ( ) www.cnbc.com   time to read: +6 min
Greg Abbott, kicking off a rally in the Texas border city of Harlingen. Border Democrats say dramatic moves to bus and fly migrants across the country will backfire with voters, but also acknowledge they can no longer coast into office. Rep. Vicente Gonzalez, a South Texas Democrat, switched districts to more favorable territory and is hoping to unseat her for a full term in November. Nikki Haley is set to campaign with Flores and de la Cruz on the border Monday — an unusual display of national GOP political force for South Texas. It also has a record 32 Hispanic Republican nominees on House ballots around the country, although many are underdogs.
A subreddit post is trolling the law by only allowing "Greg Abbott is a little piss baby" comments. "Greg Abbott is a little piss baby" to raise awareness of the state's social media content-moderation law. 20, which they called "a ridiculous attempt to control social media." 20 allows private citizens in Texas and the Texas attorney general to sue social media companies for censoring specific points of view. The law affects social media platforms that have more than 50 million active users a month in the US.
Aides to Greg Abbott were annoyed by Ron DeSantis' migrant stunt, according to The New York Times. DeSantis reportedly didn't tell anyone in Abbott's office about the plan ahead of time. Ron DeSantis ticked off more than just Democrats with his Martha's Vineyard migrant stunt earlier this month. The Sunshine State leader's scheme left several Texas Republicans peeved, according to The New York Times — including members of Texas Gov. Abbott's office did not immediately respond to Insider's request for comment.
Beto O'Rourke doesn't regret confronting Gov. He accused Abbott of "doing nothing" a day after 21 people were killed at Robb Elementary. I wanted to fight for those families in Uvalde, for our families across the state," O'Rourke said Saturday. Uvalde Mayor Don McLaughlin responded to O'Rourke, calling him a "sick son of a bitch," as Insider previously reported. I wanted to fight for those families in Uvalde, for our families across the state.
Greg Abbott pledged to "eliminate all rapists" as a result of the state's strict abortion law. Greg Abbott's assurance that the state's strict abortion law would "eliminate all rapists," according to The Associated Press. 1 in the state of Texas is to eliminate rape so that no woman, no person, will be a victim of it." As The Texas Tribune reported last month the state's abortion trigger law was set in motion after SCOTUS overturned Roe. Democrats recently slammed Abbott for his comments that insinuated rape victims should take a Plan B to avoid getting pregnant.
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