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Thousands of healthcare workers march down Vermont to call for the urgent need for improved working conditions, better support systems and increased investment in the healthcare workforce at Kaiser Permanente Los Angeles Medical Center in Hollywood on Monday, Sept. 4, 2023 in Los Angeles, CA. More than 75,000 workers at the largest nonprofit health-care provider in the United States threatened Friday to strike if an agreement is not reached to resolve a staffing crisis by the end of next week. The Coalition of Kaiser Permanente Unions issued the ultimatum after their final bargaining session wrapped without an apparent resolution. The unions said they will go on strike from Oct. 4 to 6 if an agreement is not reached when their current contract expires Sept. 30. Kaiser Permanente serves nearly 13 million patients.
Persons: Kaiser Permanente Organizations: Kaiser Permanente Los Angeles Medical Center, Washington D.C, Coalition, Kaiser Permanente Unions, Kaiser Permanente Locations: Vermont, Hollywood, Los Angeles , CA, United States, California , Colorado , Oregon, Washington , Virginia, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed optimism is the best thing Citi's head of equity trading heard todayStuart Kaiser, Citi head of equity trading, joins 'Closing Bell Overtime' to talk today's FOMC decision to leave rates unchanged, Fed Chair Powell's comments on the decision, its impact on the markets and more.
Persons: Stuart Kaiser Organizations: Citi
In Toledo, Ohio, 41,000 residents will see around $240 million in medical debt relieved. Communities across the country have allocated at least $16 million toward relieving medical debt, according to the White House . Cook County officials connected Grim with RIP Medical Debt, a nonprofit that buys up medical debt across the country and wipes it out completely. "If you have your medical debt relieved, they can go back to the doctor again, they can put food on the table." Do you have medical debt, or have received medical debt relief?
Persons: Michele Grim, It's, Grim, Joe Biden, Grim — Organizations: Service, Kaiser Family Foundation, Consumer Financial, Bureau, American, ARPA Locations: Toledo , Ohio, Wall, Silicon, Ohio, Lucas County, Toledo, Cook County , Illinois, Cook, Cook County
This year's hot girl summer was led by the women who propped up the US economy. The aid has been funding childcare for the past two years, which helps keep many moms working. The study polled 3,661 women and 1,144 men between November 19, 2020, and December 17, 2020. Simultaneously, if childcare centers closed, working women would bear the brunt — in a 2020 report, the National Women's Law Center found that 95% of childcare workers were women . AdvertisementAdvertisementParents, experts, and lawmakers have previously told Insider how vital childcare is to working parents.
Persons: Taylor Swift, Barbie, Christopher Nolan's, Oppenheimer, doesn't, Annie E, Lisa Hamilton, who've, Sen, Patty Murray Organizations: Service, Bloomberg, of Labor Statistics, American, Century Foundation, Labor Department, Family Foundation, National Women's Law Center, Casey Foundation Locations: Wall, Silicon, America, it's
The SAFE Banking Act would make it lawful for legal marijuana businesses to use major financial and banking institutions. Smart Approaches to Marijuana Action, a political organization opposed to marijuana legalization, urged Tuberville to oppose the legislation in a recent letter. Financial institutions, including small and community banks, have also put pressure on lawmakers, including Tuberville, to support the bill. There's been these attempts by the chairman of the Banking Committee to add a bunch of other stuff onto it, and I think that just completely torpedoes the chances." Ahead of his re-election campaign, President Joe Biden announced his intention to pardon federal convictions for simple marijuana possession offenses at the end of last year.
Persons: Chuck Schumer, We've, Sen, Steve Daines, Sherrod Brown, Kevin Cramer, Daines, Cramer, Dan Sullivan, Lisa Murkowski, Bill Cassidy of, Cynthia Lummis of, Rand Paul of Kentucky, Susan Collins of, Kevin McCarthy of California, McCarthy, Tommy Tuberville, Steve Stafford, Tuberville, Sullivan, Jeff Sessions, Trump, Sheriff Dan Springer, Springer, I've, Jeff Merkley, Jack Reed, It's, Cory Booker of, Dave Joyce, Alexandria Ocasio, Joe Biden Organizations: U.S, Capitol, Banking, Housing, Urban Affairs, SAFE, Republicans, Democrats, GOP, Auburn University, Smart, Senators, Republican, D.C, Sheriff, HOPE Locations: Ohio, GOP Sens, Alaska, Bill Cassidy of Louisiana, Cynthia Lummis of Wyoming, Susan Collins of Maine, Washington, Gallatin County , Montana, Montana, Cory Booker of New Jersey, R, Alexandria, Cortez
Trump widened his lead among rural voters to 65% in 2020 from 59% in 2016. That includes $20 billion for rural health systems, $20 billion for clean-energy agriculture projects, $11 billion for rural electrification and $13 billion towards rural clean energy projects, the White House calculates. "You get out into the rural areas, and the folks are older and don't have the educational level. USDA data shows 21% of working-age adults in rural areas have at least a bachelor's degree compared to 37% in urban areas. "Biden and [Democratic] Maine Governor Janet Mills: they're too much bleeding hearts.
Persons: Joe Biden's, Andrea Shalal, Rhiannon Hampson, she's, Hampson, We've, Donald Trump, Trump, Barack Obama, Mark Brewer, Suzanne Mettler, Trevor Brown, Brown, Ron Kaufman, Kaufman, Mitt Romney, George H, Bush, Biden, Tom Perez, I'm, John Piotti, James Gimpel, Gimpel, Orange, Dick Bouchard, Janet Mills, Jared Golden, overplaying, TRUMP, Paul Tewes, Matt Hildreth, Nathan Layne, Heather Timmons, Suzanne Goldenberg Organizations: REUTERS, Rights, U.S . Department, Republicans, Democratic, Biden, Republican, Reuters Graphics Reuters, Trump, University of Maine, Cornell, Republican National Committee, Democratic National Committee, Political, Trust, Pew, Center for Information, Research, Civic, Tufts University . White, Family Foundation, Data, University of Maryland, Pew Research, DEMOCRATS Maine, Maine, Reuters, Democrats, Democratic Party, Thomson Locations: Waterville , Maine, U.S, Waterville, Presque Isle, America, North Carolina, Georgia, Wisconsin, Pennsylvania, Maine, Orono, Nebraska, Massachusetts, Utah, Maine's, Vietnam, Poland, Iowa, Ohio , Montana
More than 60,000 health-care workers on Thursday voted to authorize a strike against Kaiser Permanente if an agreement is not reached when their current contract expires Sept. 30. Some 4,000 health-care workers in Oregon and Washington state voted to authorize strikes against Kaiser later Thursday. The labor groups are part of an umbrella organization called the Coalition of Kaiser Permanente Unions that represents 85,000 health-care workers in total. Kaiser Permanente is one of the largest nonprofit health plans in the U.S. with nearly 13 million members. Kaiser Permanente, in a statement Thursday, called the unions' claims misleading and urged employees to resist any call for an actual strike.
Persons: Kaiser, Kaiser Permanente, Dave Regan, Regan Organizations: Kaiser Permanente, SEIU, United Healthcare Workers West, Coalition, Kaiser Permanente Unions, D.C, United Healthcare Workers, Kaiser Locations: California, Oregon, Washington, Colorado, Kaiser, U.S
Last month, 85,000 Kaiser Permanente employees launched a strike authorization vote. The Coalition of Kaiser Permanente Unions represents workers in 95% of these facilities, meaning more than 11 million people who rely on Kaiser Permanente could be affected. If they fail and the workers walkout, it would be the largest healthcare strike in US history. Kaiser Permanente healthcare employees in the Coalition in Washington, Oregon, and Colorado have also voted to authorize the strike. This means the overwhelming majority of unionized Kaiser Permanente healthcare employees will strike, even as voting continues in three more states and Washington, DC.
Persons: California —, isn't, Kaiser, Keven, Miriam De La, Kaiser Permanente Organizations: Kaiser Permanente, Morning, SEIU, United Healthcare Workers West, Coalition, Kaiser Permanente Unions, Permanente, United Healthcare Workers, Miriam De La Paz, Kaiser Locations: California, United States, Washington , Oregon, Colorado, Washington, DC, Oregon
AI can help insurers navigate patient records much faster, one automation company said. In New Mexico, AI helped parents access newborns' coverage within minutes, an official said. Healthcare companies can use AI-led automation to speed up the work of customer-service agents. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "I hope that AI will make healthcare more accessible to the consumer and make healthcare itself more sustainable for professionals," Chow of Automation Anywhere said.
Persons: Yan Chow, Chow, there's, Humana, Allie, Forbes, Sam Altman, it's, Shanita Harrison, Harrison Organizations: Healthcare, Service, Humana, Kaiser Permanente, Chow . Healthcare, New Mexico Human Services Department, IBM, SS, New, New York Times, Amazon Web Services Locations: New Mexico, Wall, Silicon, Kaiser
New York CNN —Since last year’s Labor Day, US unions have flexed their muscle in a way not seen in decades. When including those smaller strikes, the total number of strikes in the past year increased to nearly 400. The United Mine Workers union never reached a deal on a new contract. The public also sees unions having more power than in the past, and they approve of that, according to the poll. More major strikes loomA number of major labor disputes are still looming.
Persons: They’ve, “ It’s, , Wheaton, “ You’ve, it’s, they’re, Biden, AFTRA Organizations: New, New York CNN, Labor, Cornell University’s Industrial, Labor Relations, Teamsters, UPS, Cornell University, Unions, Warrior, United Mine Workers, Congress, SAG, Writers Guild, Observers, Gallup, “ Labor, United Auto Workers, , Motors, Ford, Jeep, Dodge, Chrysler, GM, Kaiser Permanente Locations: New York, Buffalo , New York, Los Angeles, New York City, Alabama
AdvertisementAdvertisementVoting is underway among 85,000 Kaiser Permanente healthcare workers on whether or not to authorize what would be the largest healthcare strike in US history. But despite the possibility of an interruption to their healthcare, some Kaiser Permanente patients are siding with the workers. What the strike could mean for Kaiser Permanente patientsThe Coalition of Kaiser Permanente Unions represents employees across dozens of roles at the company, including admissions staff, cleaners, phlebotomists, surgery assistants, and others. Mike Blake/ReutersShort staffing prevents quality healthcare, Kaiser Permanente patients and workers sayShort-staffing is the No. Dardon said the union effort has received a significant amount of support from Kaiser Permanente patients.
Persons: Kaiser, Mark Mason, Mason, Keven, Dardon, Mike Blake, Miriam De La, there's, De La Paz, Mason he'd, Kaiser Permanente, we've Organizations: Kaiser Permanente, Permanente, Kaiser Permanente Unions, Coalition, Healthcare, Miriam De La Paz Locations: Oregon, Kaiser
CNN —Developing cannabis use disorder is relatively common in Washington state, one of the first states to fully legalize cannabis, and can even occur in people who only use medical marijuana, according to a new study. “There’s a perception that people who are using marijuana for medical reasons have a lower risk of a cannabis use disorder,” said lead author Gwen Lapham, assistant professor at Kaiser Permanente Bernard J. Tyson School of Medicine in Seattle. In addition, using both medical and recreational weed led to a more severe addiction than using medical marijuana alone, the study revealed. There are no current FDA-approved medications to treat cannabis use disorder, Lapham said, so behavior-based treatments or specialty addiction centers are the rule. A 2021 study found cannabis use disorder rose from 17.7% before marijuana was legalized in Canada to 24.3% after legalization.
Persons: , , Gwen Lapham, Kaiser Permanente Bernard J, Lapham, Nicholas Vozoris, Alexandre Dumais, ” Dumais, Dumais, It’s, Beth Cohen Organizations: CNN, Kaiser Permanente, Tyson School of Medicine, US Centers for Disease Control, Kaiser Permanente Washington Health Research, University of Toronto, University of Montreal, FDA, University of California Locations: Washington, Seattle, respirology, Washington State, Netherlands, Germany, Australia, New Zealand, Ireland, France, Canada, San Francisco
In securing some of the biggest names in tech, Schumer plans to make a giant splash for the first of what he's dubbed "AI Insight Forums." But when it comes to AI, we cannot be ostriches sticking our heads in the sand." But some have scratched their heads at Schumer's new approach in the Senate, which typically develops major policy legislation through committees of jurisdiction. Schumer has said the committees will work in tandem with the insight forums to develop legislation. And to me, that's a process that you ought to let work," Senate Minority Whip John Thune, R-S.D., a senior member of the Commerce, Science and Transportation Committee, said this summer.
Persons: Elon Musk, Mark Zuckerberg, Chuck Schumer, Zuckerberg, Satya Nadella, Alphabet's Sundar Pichai, OpenAI's Sam Altman, NVIDIA's Jensen Huang, Eric Schmidt, Musk, ChatGPT, Schumer, You've, John Thune Organizations: Capitol, SpaceX, Tesla, Meta, Facebook, Commerce, Science, Transportation Locations: OpenAI, York
CNN —A hurricane watch has been issued for portions of Florida’s Gulf Coast as the state braces for Tropical Storm Idalia, which is expected to strengthen to a hurricane and make landfall this week. The hurricane watch stretches from Englewood to Indian Pass, including Tampa Bay, according to the National Hurricane Center’s Sunday afternoon update. In addition to the hurricane watch, a tropical storm watch has been issued for the Gulf Coast of Florida from Englewood to Chokoloskee and the Dry Tortugas. Idalia is forecast to drop 3 to 6 inches of rain on western Cuba, Florida’s west coast, the Panhandle and southern Georgia, with isolated totals of 10 inches, the hurricane center said. Anyone living in Mexico’s Yucatán Peninsula, Cuba, and the northern Gulf and Florida coast should monitor the forecast in the coming days.
Persons: Idalia, , Ron DeSantis, Floridians, DeSantis, Joe Biden, Lagartos, Franklin, Storm Franklin, Hurricane Franklin Organizations: CNN, Hurricane, Channel, Carolinas, Wednesday, Florida Panhandle, . Florida Gov, National Guardsmen, Patrol, . Schools, White, Florida Division, Emergency Management, National Hurricane Center, NOAA, Air Force Hurricane Locations: Florida’s Gulf, Englewood, Tampa, Gulf Coast of Florida, Chokoloskee, Cozumel, Mexico, Yucatán, Cuba, Bend, Florida, Gulf, Gulf of Mexico, Florida’s, Georgia, Tallahassee, Hernando County, United States, Mexico’s Yucatán, Tulum, Pinar del Río, of Youth, Chokoloskee , Florida, Tortugas , Florida, of Mexico, Caribbean, Bermuda, Hurricane, East Coast, Franklin
Tech startups Instacart and Klaviyo filed to go public, marking the return of the tech IPO. Instacart and others going public are profitable, a bar others may have to meet to be successful. That's when software company HashiCorp and cloud tech company Samsara went public. Instacart revealed profits of $428 million in 2022 and $242 million for the first six months of 2023. AdvertisementAdvertisementThat Instacart and Klaviyo are profitable could make them attractive to investors who became skittish in the downturn.
Persons: Klaviyo, Instacart, Tom Loverro, Loverro, IPOs, hasn't, Joe Kaiser, Kaiser, Cava Organizations: Morning, IPOs, P, Sequoia Capital, D1 Capital Partners, Summit Partners, Mercato Partners, Nasdaq, Enterprise Locations: Cava
85,000 Kaiser Permanente workers are voting on whether to authorize a strike. If the Kaiser strike is authorized, it would be the nation's largest healthcare strike in history. As this summer — already jam-packed with labor activity — turns to fall, tens of thousands of Kaiser Permanente healthcare workers could find themselves on the picket line. The vote will last through mid-September, said Dave Regan, president of the SEIU United Healthcare Workers West, at a press conference on Thursday. With 85,000 members in its ranks, it would be the largest healthcare strike in the country's history, organizers say.
Persons: Kaiser, Dave Regan, Kaiser Permanente, Regan, Wayne Davis, Davis, Caroline Lucas, Liz Grigsby, COVID, Grigsby, Catherine Engler, Engler Organizations: Kaiser Permanente, Morning, Coalition, Kaiser Permanente Unions, SEIU United Healthcare Workers, Union, Organizers Locations: Kaiser, California , Colorado , Oregon, Washington, DC, Hawaii , Maryland, Virginia, Colorado
Its maker, Novo Nordisk (NONOF), has raked in almost 49 billion Danish krone in profit ($7 billion) over the first six months of this year, up 32% from the same period in 2022. Novo Nordisk also produces Ozempic, a drug developed to treat type 2 diabetes but which contains the same active ingredient as Wegovy. Surging demandShares in Novo Nordisk have soared 34% since the start of 2023 to give the company a market capitalization of 2.2 trillion Danish krone ($322 billion). The stock shot up earlier this month after Novo Nordisk published the results of a five-year trial on the impact of Wegovy on cardiovascular disease. Novo Nordisk now expects its profits to grow by up to 37% this year, much higher growth than the maximum 19% rise it forecast in February.
Persons: Jens Naervig Pedersen, Pedersen, Jaap Arriens, ” Pedersen, “ We’ve, Andrew Kenningham, , juggernauts Roche Organizations: London CNN, Nordic, Novo Nordisk, Danish, Danske Bank, European Central Bank, CNN, Capital Economics, AstraZeneca, Kaiser Family Foundation Locations: United States, Denmark, Danish, Europe
When Jessica Albright returned with her family to their home in East Palestine, Ohio, last month after four months away, she opened the car door and took a deep breath — then stopped and thought: Maybe not too deep. Hauling suitcases up the steps, she tried to discern whether the acrid scent in the air had lessened. The mother of three could not be certain — of the smell, of its effects or of the correct next steps for her family. Now, they were back, not because their health issues had resolved, or because the house had been proven free of contaminants. They were back because they had $41 left in their savings account and felt they had no other choice.
Persons: Jessica Albright, Albright, Chris Organizations: Environmental Protection Agency, ” Schools Locations: East Palestine , Ohio, Pennsylvania, East Palestine, Ohio
Window-washing robots are working on Manhattan skyscrapers
  + stars: | 2023-08-14 | by ( Molly Kaiser | ) www.cnbc.com   time to read: +1 min
Skyline Robotics is disrupting the century-old practice of window washing with new technology that the startup hopes will redefine a risky industry. A robotic arm with a brush attached to the end cleans the window following instructions from a LiDAR camera, which uses laser technology to map 3D environments. "That person, other than regulation, doesn't actually have to be there for our sake," Blum said. "We don't need a separate squeegee and a separate brush to get a perfectly clean window," he said. The current cost of the Ozmo is approximately $500,000, which has a three-to-five-year payback for building owners, according to Skyline Robotics board member and Platinum CEO James Halpin.
Persons: Blum, Ross Blum, James Halpin Organizations: Robotics, Yards, Trade Center, Organization, Skyline Robotics Locations: Tel Aviv and New York, Manhattan, Madison
Some public health experts hope that Americans will welcome the new shot as they would a flu jab. In the fall of 2022, by which time most people had either had the COVID virus or the vaccine, fewer than 50 million people got the shots. Its biggest rival, Moderna, conceded demand could be as few as 50 million shots. POST PANDEMIC VACCINEThe COVID public health emergency ended in May and the government has handed much of the duty of vaccinating America to the private sector. As with the flu, Pfizer (PFE.N)/BioNTech SE (22UAy.DE), Moderna (MRNA.O) and Novavax (NVAX.O), have created versions of the COVID vaccine to try to match the variant they believe will be circulating this fall.
Persons: Dado Ruvic, Ashley Kirzinger, Kirzinger, BioNTech, Jefferies, Michael Yee, " Yee, Mandy Cohen, William Schaffner, Schaffner, David Boulware, Michael Erman, Caroline Humer, Diane Craft Organizations: REUTERS, CVS Health, Family, Reuters, Pfizer –, Moderna, Pfizer, U.S . Centers for Disease Control, Prevention, CDC, U.S . Food, Drug Administration, EG, Vanderbilt University, University of Minnesota, Thomson Locations: U.S, America, United States, COVID, CDC's
"You can't just work out; you can't just enjoy it," another former Hamptons trainer added. Several pointed out that TA's longtime Hamptons studio manager left just before the summer season, and a current Hamptons trainer said the manager hadn't been replaced. One person who attends drop-in Hamptons classes said she tried to get into classes for weeks but couldn't get off the waiting list. Katia Pryce, the founder of DanceBody in NYC, worked as a TA trainer more than 10 years ago. A-listers such as Paltrow and Robert Downey Jr. have had TA trainers come to their Hamptons homes for private sessions.
Persons: Tracy Anderson, Michael Rubin's, , Anderson, Anna Kaiser, Dani Levi, they're, Anderson didn't, Neil Rasmus, BFA.com, nonmembers, nonmember, hadn't, Nonmembers, couldn't, Katia Pryce, Pryce, Gwyneth Paltrow, Madonna, She's, Megan Roup, Roup, Tracy Anderson's, Rachel Murray, Paltrow, Robert Downey Jr, Elisa Arcaya, they'd, Arianna Siegel, Levi, Irene Nederlof, Claudia Saez, Fromm, she'd Organizations: White Party, Hamptons, TA, Hampton, Getty Locations: Southampton, Sag, Tribeca, Water, California, Madrid, NYC, New York, Manhattan, Los Angeles, Amsterdam, New York City, London, Miami
More and more Americans are choosing to move away from the traditional burial process after they die. As the 2022 NFDA Cremation & Burial Report explained, "Typically, cremations cost 40% less than funerals with burials." As of 2022, the aquamation process, also known as alkaline hydrolysis, is legal in 24 states and legislation to legalize it is circulating in several other states. But while these two innovative funeral homes offer their price lists on their websites, they are not required to. The potential rule change is also being monitored by the Funeral Consumers Alliance, which has been pushing for the change for decades.
Persons: Jack Mitchell, cremation's, Mitchell, Sara Williams, Hunter Beattie, Beattie, aquamation, Spade, that's, We're, Williams Organizations: Service, Federal Trade Commission, Director's, Public Religion Research Institute, Kaiser Family Foundation, Census Bureau, Consumers Alliance, Directors, FTC Locations: Wall, Silicon, North Carolina, aquamation, Washington
Virtual Healthcare Has Green Benefits
  + stars: | 2023-08-02 | by ( Cecilia Butini | ) www.wsj.com   time to read: +8 min
Virtual doctor’s appointments are helping healthcare companies reduce carbon emissions, though sustainability is mostly seen as a side benefit of telehealth rather than its main driver. The healthcare industry is responsible for about 5% of global greenhouse-gas emissions, of which the U.S. healthcare system alone accounts for a quarter. Similarly, in England, medicines, buildings, equipment and other supply-chain items generate most of the National Health Service’s emissions, according to official NHS figures. The company has designed an app for teleconsultations that is able to show patients the carbon emissions avoided through that consultation. In line with national data, the company said its Scope 3 emissions account for 75% of its total emissions.
Persons: telehealth, Cynthia Cox, KFF, , Colin Cave, ” Cave, Glyn Richards, Ben Phillips, BUPA, Marijka Grey, Kyle Zebley, — Dieter Holger, Cecilia Butini Organizations: McKinsey, Sustainable Business, Affordable, Energy, U.S . Agency for Healthcare Research, National Health, Kaiser Permanente, Permanente Kaiser Permanente, Spain —, CommonSpirit Health, CommonSpirit, American Telemedicine Association Locations: England, telemedicine, Kaiser, U.S, Northwest, U.K, Spain, Grey, Europe
Best Gifts for the Tea Lovers in Your Life
  + stars: | 2023-07-29 | by ( Sarah Rose | ) www.wsj.com   time to read: +8 min
For masterful measuringOMABETA Portable Kitchen Tea Scale $16 at AmazonAs with baking, you will get best results when measuring tea leaves by weight rather than the spoonful. “Some teas are tightly rolled while others are fluffy and light,” explains Ben Marcus-Willers, of Red Blossom Tea Company, a San Francisco-based tea company that sells to consumers as well as Michelin three-star chefs. Desains suggests a porcelain tea pot clad in stainless steel to keep a quality tea warm for hours. Alternately, make a tea concentrate by doubling the amount of tea leaves in hot tea, then pouring it over ice. Tea will always taste best fresh and warm, and its taste will change—“often for the worse,” Kroesen notes—as it cools.
Persons: Sarah Rose, , , Abigail St, Clair, St, Maria Uspenski, Ben Marcus, Willers, Steve Schwartz, Ottilie Cunningham, Fortnum, Mason, Alex Monroe, Franck Desains, Joshua Kaiser, Milwaukee’s Rishi, , Cindy Sherman, Madame de Pompadour, French King Louis XV, Heidi Johannsen Stewart, Van, Brandon Friedman, Obama, ” Friedman, “ Matcha, Catherine Jue, Tekuno, Emeric Harney, Harney, Ravi Kroesen, Smith, Orla Kiely, Jessie Dean Organizations: Amazon, Tea Bella Tea Company, Red, Red Blossom Tea, Michelin, Blossom, Art, Mariages Freres, Desains, MET, Bellocq, Metropolitan Museum of, 187th, Tea, Asheville Tea Company Locations: China, Tampa , Fla, Clair, Darjeeling, it’s, Boulder, Colo, Red Blossom, San Francisco, chai In India, Los Angeles, Paris, Brooklyn, U.S, Iraq, Afghanistan, Dallas, New York, Portland ,, North Carolina
Life sciences and medical diagnostics company Danaher (DHR) delivered a second-quarter earnings beat on Tuesday, but lowered its outlook for the year. When excluding the impact of Covid-related tests and products, Danaher realized base-business core sales growth of 2%. As a result, management was once again forced to downwardly revise their sales growth outlook for the year. We predict a bioprocessing bottom this year, early next year at the very latest, setting us for a rebound in organic revenue growth. This updated outlook represents a downward revision from the high-single-digit percentage decline previously expected on a core basis and the mid-single-digit percentage growth previously expected for the base business.
Persons: Danaher, Cash, Bioprocessing, That's, Sartorius, Cepheid, Jim Cramer's, Jim Cramer, Jim, Marisol Darge, Robert McCabe, Hyoung Chang Organizations: Revenue, Management, Wall, Biotechnology, pharma, CNBC, Kaiser Permanente Arapahoe Medical, Getty Locations: DHR, China, Base, Centennial , Colorado, Denver
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