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The Federal Trade Commission said Friday that it is suing three drug middlemen, accusing them of inflating insulin prices. PBMs work with insurance companies to negotiate discounted prices from drug companies in exchange for including the drugs in their coverage. The drug was priced at $274 in 2017, as a result of the PBMs rebate system strategy, the FTC said. In July, Democratic and Republican lawmakers blamed executives from Caremark, Express Scripts and Optum Rx for sky-high prescription drug prices in the U.S. during an oversight committee hearing. The lawsuit also comes as states — most recently Vermont — have sued PBMs, alleging they drive up drug costs.
Persons: Cigna, Eli Lilly, Rahul Rao, It’s, Raja Krishnamoorthi, PBMs Organizations: Federal Trade Commission, FTC, CVS, Cigna's, Zinc Health, Ascent Health, Emisar Pharma Services, UnitedHealth, CVS Health, Novo Nordisk, Democratic, Republican, Caremark, New York Times, Republicans, ” Rep Locations: U.S, FTC’s, Vermont
Coronary calcium buildup causes atherosclerosis, a chronic and inflammatory cardiovascular disease marked by narrowed arterial walls and thus reduced blood flow. Environmental contaminants have been increasingly recognized as risk factors for cardiovascular disease, but the association of metals with coronary artery calcification has been “largely unknown,” the study authors said. They hypothesized that higher urinary levels of nonessential metals — cadmium, tungsten and uranium — and essential metals — cobalt, copper and zinc — that have previously been associated with cardiovascular disease may be linked with calcification. The participants didn’t already have clinical cardiovascular disease and were recruited from Baltimore; Chicago; Los Angeles; New York City; St. Paul, Minnesota; and Winston Salem, North Carolina. The trouble with measuring urinary metal levelsThe study has a few other limitations.
Persons: Drs, Sadeer, Khurram Nasir, Sanjay Rajagopalan, weren’t, , Katlyn, McGraw, Winston, cardiologists, Andrew Freeman, wasn’t, they’re, ” Freeman, “ It’s, , Kindi, Nasir, Rajagopalan, ” McGraw, , Freeman Organizations: CNN, American College of Cardiology, Houston Methodist, University Hospitals Harrington, & Vascular Institute, Columbia University’s Mailman, of Public Health, Jewish Health Locations: Cleveland, Baltimore, Chicago, Los Angeles ; New York City, St, Paul , Minnesota, Winston Salem , North Carolina, Denver, Columbia
The Federal Trade Commission on Friday sued three large U.S. health companies that negotiate insulin prices, arguing the drug middlemen use practices that boost their profits while "artificially" inflating costs for patients. It comes three days after Express Scripts sued the FTC, demanding that the agency retract its allegedly "defamatory" July report that claimed that the PBM industry is hiking drug prices. It also alleges that PBMs favor those high-list-price insulins even when more affordable insulins with lower list prices become available. President Joe Biden's signature Inflation Reduction Act has capped insulin prices for Medicare beneficiaries at $35 per month. The FTC said it remains "deeply troubled" by the role insulin manufacturers play in higher list prices, arguing that they inflate prices in response to PBMs' demands for higher rebates.
Persons: Lina Khan, UnitedHealth, drugmakers Eli Lilly, Caremark, PBMs, Rahul Rao, Rao, Joe Biden's, Biden, Eli Lilly, Eli Lilly's Organizations: Federal Trade Commission, CVS, Cigna's, FTC, Sanofi, Novo Nordisk, Express, Competition Locations: Rayburn, Washington ,, U.S, drugmakers, FTC's
I felt a tremendous sense of guilt when my mother unexpectedly died on Christmas Eve in 2004 at the young age of 48. I think some of it stems from the guilt I've felt over her death. "But it's not a given that if your mom or dad died young, you're definitely going to die young." "Guilt is there because our culture does not provide children, especially young ones, with the reason why their parents died," she explains. Soon, she says, I will begin to realize that just because my mother died young doesn't mean I will, too.
Persons: didn't, I've, I'm, Jumoke Omojola, Omojola, doesn't Organizations: Service, Business, Social, National Institutes of Health Locations: Illinois, Kansas City , Missouri
Packaged foods, soda, chips, hot dogs, chicken nuggets and ice cream all fall under the category of ultraprocessed foods, which can include dozens of synthetic additives such as preservatives, emulsifiers and artificial dyes. For every 10% increase in the amount of a person’s diet made up of ultraprocessed foods, the team found that there was a 17% increased risk for developing type 2 diabetes, the data showed. The scientists also found that reducing the amount of ultraprocessed food you are consuming can lower the risk, according to the study. “Ultra-processed foods are everywhere,” Dicken said via email. “We also know that increased body fat (from excess calories) increases the risk of type 2 diabetes.
Persons: Nerys Astbury, Astbury, Samuel Dicken, ” Dicken, , , Sarah Gallo, Dicken, It’s, Hilda Mulrooney, Mulrooney, ” Mulrooney Organizations: CNN, Nuffield Department, Primary Health Care Sciences, University of Oxford, University College London, Consumer Brands Association, London Metropolitan University Locations: Europe, US
Although originally prescribed to treat type 2 diabetes (Ozempic and Mounjaro), semaglutide and tirzepatide are becoming more and more popular for weight loss. If you are noticing an effect on your mood while using a GLP-1 medication, here’s what might be at play. Antidepressant effectsFor some, using a GLP-1 medication might relieve some anxiety or depression symptoms, Arillotta said. Blood sugarIf you feel like your mood takes a drop while you’re on GLP-1 medications, what and how much you’re eating or drinking might be to blame. “Extremes in blood sugar can impact mood,” said Tara Schmidt, lead dietitian at the Mayo Clinic Diet, an online weight loss program.
Persons: ideation, Thomas Wadden, Davide Arillotta, Arillotta, , Peter Ueda, Amira Guirguis, , Tara Schmidt, ” Schmidt, Guirguis, Giuseppe Floresta, Fabrizio Schifano, ” Guirguis, aren’t, you’ve, Schmidt, “ I’m, Ueda Organizations: Lifeline, CNN, US Food and Drug Administration, Perelman School of Medicine, University of Pennsylvania, FDA, neurosciences, University of Florence, Karolinska Institutet, Diabetes, Swansea University, Mayo Clinic Diet, University of Catania, University of Hertfordshire, American Psychological Association, Locations: Italy, Stockholm, Sweden, GLP, Wales, United Kingdom
The best way to approach health care, in addition to traditional medicine, in Hotz's opinion, is social prescribing. This is the future Julia Hotz, author of " The Connection Cure ," hopes will become a reality in every country. Or you can create your own art to channel some of the heavy emotions you're feeling into something beautiful. Search for belonging when you're feeling lonelyOne of the most fundamental human needs is to have a sense of belonging, Hotz says. "Instead of replacing other kinds of medicine, social prescriptions complement them," Hotz wrote in her book.
Persons: Hotz, Julia Hotz Organizations: Solutions, Research, Harvard, CNBC Locations: U.S
WASHINGTON — Sen. Bernie Sanders, I-Vt., renewed his criticism of drugmaker Novo Nordisk on Tuesday, claiming that the CEOs of major generic pharmaceutical companies have told him that they can produce and sell its blockbuster diabetes drug Ozempic for less than $100 a month. During Tuesday's roundtable, Sanders said his recent conversations with generic drugmakers revealed that Novo Nordisk's pricing is "nothing less than excess corporate greed." “They have studied the math, and they tell me that they can sell a generic version of Ozempic, the exact same drug that Novo Nordisk is manufacturing, to Americans for less than $100 a month," Sanders said. Sanders’ office declined to say which generic drug companies told him that they could sell Ozempic at a fraction of what Novo Nordisk charges. Novo Nordisk did not immediately respond to a request for comment.
Persons: WASHINGTON — Sen, Bernie Sanders, Sanders, Lars Fruergaard Jorgensen's, Jorgensen, Wegovy, Dale Folwell, Eli Lilly's Organizations: drugmaker Novo Nordisk, Capitol, Novo Nordisk, Health, Education, Labor, Pensions, Wegovy, Nordisk, Yale Locations: U.S, Novo, Denmark, Germany, United Kingdom, North Carolina
This is one of them: Drinking several cups of caffeinated coffee or tea a day may protect against Type 2 diabetes, coronary heart disease and stroke. They also looked at responses from about 172,000 people who specified that they drank caffeinated coffee or tea. None of them had a history of cardiometabolic disease — defined by a diagnosis of at least two of the three conditions: Type 2 diabetes, coronary heart disease or stroke — when the study began. And among those who did eventually develop cardiometabolic disease, drinking moderate amounts of coffee every day was still associated with lower risk of developing another cardiometabolic disease. Studies have also shown a link between high caffeine intake and a greater risk of dementia and stroke.
Persons: , Chaofu Ke, ” Ke, Luke Laffin, , Laffin, , ” Laffin, Stephen Kopecky, ” Kopecky, It’s, Kopecky Organizations: Soochow University, Center, Cleveland Clinic, Mayo Clinic Locations: China, Sweden, Rochester , Minnesota
CNN —Jared Holz thought about taking one of the new GLP-1 drugs for weight loss for months before he actually filled the prescription. At least a dozen similar experimental weight-loss drugs designed to be taken as pills are working their way through clinical trials, with the most advanced now in the third and final stage of testing. Dushay cited hopes that pill versions of GLP-1 drugs could ease shortages, come at lower cost and enhance convenience. The oral GLP-1 raceRight on the heels of oral semaglutide is a group of drugs led by Eli Lilly’s orforglipron, an oral medication that also targets GLP-1, which is a hormone implicated in insulin regulation, appetite and digestion. Drugmakers including Pfizer and Roche, as well as smaller companies like Structure Therapeutics, Terns Pharmaceuticals and Viking Therapeutics, also have oral weight-loss drugs in earlier stages of development, BMO research shows.
Persons: Jared Holz, ” Holz, , Jody Dushay, Dushay, ” Dushay, it’s, Rybelsus, Jorge Moreno, , ” Moreno, Eli Lilly’s orforglipron, Lilly, Evan Seigerman, amycretin, who’ve, Dr, Sanjay Gupta, Holz, he’s, he’d Organizations: CNN, Harvard Medical School, Beth Israel Deaconess Medical, Novo Nordisk, US Food and Drug Administration, Yale School of Medicine, BMO Capital Markets, Pfizer, Roche, Therapeutics, Terns Pharmaceuticals, Viking Therapeutics, BMO, Nordisk, European Association for, Diabetes, Inversago Pharma, CNN Health Locations: Danish, Novo
As global growth continues to slow, investors should get overweight on defensive names, according to UBS. August marked yet another month of declining global growth, as the Global Manufacturing Purchasing Managers' Index (PMI) reported 49.5 for the month , down from 49.7 in July, according to S & P Global Market Intelligence. Wall Street has taken a bullish stance, as 12 of the 18 analysts covering the stock have issued strong buy or buy ratings, according to LSEG. Constellation Energy has also been on a monster run this year, with shares surging 70%. About 82% of the analysts covering the stock rate it a buy or strong buy, according to LSEG.
Persons: Dow Jones, Eli Lilly, it's Organizations: UBS, Global Manufacturing, P Global Market Intelligence, Institute for Supply Management, Federal Reserve, Constellation Energy, Constellation Locations: Ireland
“Coffee and caffeine consumption may play an important protective role in almost all phases of CM development,” Ke said. What researchers don’t knowThe methodology is strong and the results line up with existing data about caffeine and heart health, but there are still questions about the extent of the connection between caffeine and heart health, Marcus said. Because the study is observational, it can only show a connection between caffeine and heart health, he said. Other factors may actually be the cause of the improved heart health, he added. And contrary to popular wisdom, drinking caffeine in coffee is associated with experiencing a lower risk of abnormal heart rhythms, he added, pointing to his and others’ research.
Persons: Chaofu Ke, Cardiometabolic, ” Ke, Ke, Gregory Marcus, ” Marcus, Marcus, Organizations: CNN, Soochow University, Metabolism, University of California Locations: Suzhou, China, San Francisco
Sleep apnea is a sleep disorder that causes a person's breathing to repeatedly stop and start throughout the night. If it goes untreated, sleep apnea can cause fatigue and lead to more serious health issues like heart problems, hypertension and Type 2 diabetes. Apple's sleep apnea detection feature marks the company's latest attempt to position its wearables as a cheaper, simpler alternative to many existing health-care tests and devices. To get evaluated for sleep apnea, for instance, patients typically participate in an at-home test or an in-lab test where they're monitored overnight. The at-home sleep apnea test from Sleep Doctor costs $189, for example.
Persons: Tim Cook, David Paul Morris, Sumbul Desai Organizations: Apple Inc, Apple, Bloomberg, Getty, . Food, Drug Administration, American Medical Association, Care, Community Health Locations: Cupertino , California, U.S
After hiking one mile in the park with her son one day, she realized she felt peaceful afterward. AdvertisementBrown has since lost 190 lbs — 100 pounds from walking, running and dietary changes, and the rest with help from GLP-1 medications, which can assist in dealing with "food noise" and cravings. She started by walking and changing her dietBefore she started running, Brown lost around 70 pounds from walking a few miles every day and making some dietary changes. She ran one mile a day for a monthA few years later, Brown got bored with walking and wanted to try running. She challenged herself to run one mile daily for a month, only running on the treadmill in her house.
Persons: , Jennifer Brown, Brown, I've, Mounjaro Organizations: Service, Business Locations: Iowa, GLP, Des Moines
“The study also shows that food contact materials can contain mutagenic chemicals that harm our DNA, such as heavy metals,” Wagner said. Another chemical group in food packaging that has migrated into people is phthalates, the research revealed. “We’ve got, say, 60 years of research into the migration of chemicals into food from food processing and packaging equipment. “Given that there are (tens) of thousands of food contact chemicals, biomonitoring programs do not have the capacity to test for all chemicals we are potentially exposed to,” Wagner said. “However, there are also important gaps that need to be addressed as we undertake the work to strengthen our food chemical safety activities,” he said.
Persons: , Martin Wagner, Wagner, Jane Muncke, ” Muncke, Muncke, , ” Wagner, “ We’ve, It’s, there’s, Melanie Benesh, you’re, ” Benesh, GRAS, Jim Jones, Benesh Organizations: CNN, Norwegian University of Science, Technology, Food Packaging, Getty, American Chemistry Council, National Institute of Environmental Health Sciences, National Academies of Sciences, Engineering, Medicine, US National Health, Canadian, Korean National Environmental Health Survey, National Health, Environmental, Food and Drug Administration, FDA, US, Committee, Energy Locations: Trondheim, Zurich, Switzerland, phthalates, PFAS, Europe, Biomonitoring California, United States
Antimicrobial resistance happens when pathogens like bacteria and fungi develop the ability to evade the medications used to kill them. A death attributable to antimicrobial resistance was directly caused by it, while a death associated with AMR may have another cause that was exacerbated by the antimicrobial resistance. For this combination – the antibiotic methicillin and the bacteria S. aureus – the number of attributable deaths nearly doubled from 57,200 in 1990 to 130,000 in 2021. The researchers estimated that, in 2050, the number of global deaths attributable to antimicrobial resistance could reach 1.9 million, and those associated with antimicrobial resistance could reach 8.2 million. Strathdee saw firsthand the effects that antimicrobial resistance can have on health when her husband nearly died from a superbug infection.
Persons: , Chris Murray, Murray, , ” Murray, it’s, Samuel Kariuki, Kariuki, Steffanie Strathdee, Strathdee, who’s, It’s, Strathdee’s, Tom Patterson, Patterson, baumannii, ” Strathdee, Dr, Sanjay Gupta Organizations: CNN, World Health Organization, AMR, Institute for Health Metrics, University of Washington, Global, Kenya Medical Research Institute, University of California San Diego School of Medicine, Center, Therapeutics, UC San Diego, CNN Health Locations: South Asia, Latin America, Caribbean, Africa, Kenya, Egypt, Germany
The company may have maintained its full-year revenue outlook, but that was taken as good enough after last quarter's debacle. Management also provided a better-than-expected sales, earnings, and recurring revenue outlook. The Good Abbott Laboratories : Sales, earnings and organic growth all exceeded analyst estimates. Broadcom : Sales and earnings outpaced expectations , driven by strong sales of its AI products and VMware software. Alphabet : Delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space.
Persons: we've, Lisa Su, , Eli Lilly, Zepbound, Stanley Black, Stanley, Morgan Stanley, Procter, Jim Cramer's, Jim Cramer, Jim, Steve Marcus Organizations: Costco, DuPont, Club, Management, Nvidia, Palo Alto Networks, Good Abbott Laboratories, Broadcom, VMware, Wealth Management, Investment Management, Microsoft, Constellation Brands, TJX, Amazon Web Services, Coterra Energy, GE Healthcare, Honeywell, Gamble, Jim Cramer's Charitable, CNBC, AMD Locations: China, Covid, Dover, Eaton, Palo, North America, GEHC, Wells Fargo, Las Vegas , Nevada, U.S
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer said earlier Friday that Nvidia received a do-over from Wall Street . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Nvidia, Financials, Love, Lilly, Eli Lilly, Lilly's, haven't, that's, Jim Cramer's, Jim Organizations: CNBC, Tech, Nvidia, Broadcom, Wall, Federal, Energy, Citi, and Drug Administration, Fed, Market, Jim Cramer's Charitable Locations: Ireland, Kisunla, U.S, Europe
Read previewLottie Moss, 26, is speaking out about the dangers of taking Ozempic. During an episode of her "Dream On" podcast, the model — who is Kate Moss' half-sister — said she ended up in a hospital after taking the drug. Moss said she went to the hospital after a particularly bad day when she couldn't keep any liquids or food down. Reflecting on her use of Ozempic, Moss called it "the worst decision I ever made." AdvertisementLast year in Austria, several people were brought to the hospital with life-threatening seizures after taking counterfeit versions of the drug.
Persons: , Lottie Moss, Kate Moss, I'm, Moss, didn't, Eric Kastango, Ozempic, semaglutide Organizations: Service, Business, Novo Nordisk, FDA, Austrian Federal Office, Safety, Health Care Locations: Austria
From e-commerce firm Amazon to pharmaceutical giant Eli Lilly , Morgan Stanley's top stocks to own for the next 12 months spans a wide array of sectors. The majority of Morgan Stanley's picks are tilted toward growth, with 67% of the picks meeting that classification. Here's a look at some of the stocks that Morgan Stanley says are worth owning over the next year. Amazon stock has added 23% in 2024. LLY YTD mountain Eli Lilly stock.
Persons: Eli Lilly, Morgan, Morgan Stanley's, Morgan Stanley, Brian Nowak's, Nowak, Terence Flynn's, Eli Lilly's, LLY, Flynn Organizations: Nasdaq, Dow Jones, Amazon, Pharma
Digital health company Noom on Thursday announced it will offer a compounded GLP-1 drug as part of a new weight loss product that starts at $149. Noom has offered weight loss programs for years, and consumers can already try to access those branded medications through its platform. Compounded GLP-1 medications are typically much cheaper than their branded counterparts. Most insurance plans cover GLP-1s when they are used to treat diabetes, but coverage of the weight loss drugs is less widespread. Consumers can get started with the Noom GLP-1 RX program by filling out an intake form on the website.
Persons: Wegovy, Noom, Geoff Cook, Cook, Dr, Adonis Saremi, They'll Organizations: CNBC, U.S . Food, Drug Administration, FDA Locations: U.S, United States
The latest weapon in the battle against cancer is showing promising results — and it's a growing opportunity for investors, according to Redburn Atlantic. To treat cancer, targeted radiopharmaceutical therapy directly goes after tumors with radiation by binding a radioactive particle to a targeting molecule. Delving into diagnostics There are also opportunities in the radiopharma diagnostics space, according to Redburn Atlantic. It has a "strong pipeline of radionuclides for both diagnosis and therapy," he said. "Lantheus benefits from its focus on this rapidly expanding market, with 78% of revenues from radiopharmaceuticals and related products," Ridley-Day added.
Persons: Ed Ridley, Eli Lilly, Myers, Ridley, Astra's, Lantheus Organizations: Big pharma, Novartis, Mariana Oncology, Biopharma, Myers Squibb, RayzeBio, AstraZeneca, Fusion Pharmaceuticals, GE Healthcare Technologies, Lantheus Holdings, GE Healthcare, GE Locations: Bristol, radiopharmaceuticals
Kourtney Kardashian just launched an herbal supplement called GLP-1 Daily. GLP-1 drugs like Ozempic and Wegovy are FDA-approved for diabetes and weight-loss. Go to newsletter preferences Thanks for signing up! AdvertisementKourtney Kardashian Barker's supplement brand, Lemme, is the latest to jump on the Ozempic craze. Their new daily supplement, Lemme GLP-1 Daily, is marketed as a weight management tool.
Persons: Kourtney Kardashian, , Lemme Organizations: FDA, Service, Business
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Eli Lilly on Thursday said it will invest $1.8 billion to boost manufacturing for its newly approved Alzheimer's drug and highly popular weight loss and diabetes treatments, among other medicines, in Ireland. Eli Lilly also announced an $800 million facility expansion in Kinsale, Ireland. Eli Lilly has invested more than $20 billion to buy, build and expand manufacturing plants in the U.S. and Europe since 2020. Eli Lilly's main rival in the weight loss drug space, Novo Nordisk , has similarly poured in billions to boost production of its own treatments.
Persons: Eli Lilly, Eli, Edgardo Hernandez, Eli Lilly's Organizations: Novo Nordisk Locations: Indianapolis , Indiana, Ireland, Limerick, U.S, Kinsale, Europe, Novo
“Obamacare was lousy health care. Harris senior adviser David Plouffe promised Wednesday that voters will hear more about Trump’s health care comments. “He promised us a health care plan back in 2015. But he still wants to basically throw tens of millions of people off health care,” Plouffe said on MSNBC. I say: How are we going to fix the system?”Asked if he supports Trump's call to reopen the ACA fight, No.
Persons: WASHINGTON, Donald Trump, Kamala Harris, “ Obamacare, It’s, ” Trump, , , didn’t, Trump’s, Trump, Harris, Biden, David Plouffe, ” Plouffe, Barack Obama, Sen, John McCain, I’ve, Joe Biden, hasn’t, ” Sen, Rick Scott, Republican Sen, John Barrasso, Obama’s Organizations: Affordable, ACA, Republicans, MSNBC, , GOP, Trump, Democrats, Republican Locations: Trump, Wyoming
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