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In this article PFEMRNANVAX Follow your favorite stocks CREATE FREE ACCOUNTA sign advertises Covid vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, on Aug. 14, 2023. Brian Snyder | ReutersThree years into the Covid-19 pandemic, few Americans are rolling up their sleeves to get a Covid vaccine. Experts and vaccine makers can agree that low Covid vaccination rates are concerning, even as cases of the virus dwindle from their pandemic highs. However, Iovine of the University of Florida doesn't believe combination shots will have a significant effect on Covid vaccination rates. If combination shots don't do the trick, it's unclear what else could boost Covid vaccination rates down the line.
Persons: Brian Snyder, Ali Mokdad, Mokdad, Irfan Khan, Jennifer Kates, Brad Pollock, Nicole Iovine, epidemiologist, Iovine, Michael Yee, Albert Bourla, Arpa Garay, Garay, John Trizzino, Trizzino, Jamey Mock, Andrew Pekosz, Jefferies, Yee, doesn't Organizations: Walgreens, Reuters, Pfizer, Moderna, Centers for Disease Control, CDC, University of Washington, CVS Pharmacy, Los Angeles Times, KFF, UC Davis Health's, University of Florida, Jefferies, Arpa, CNBC, Istock, Getty, Johns Hopkins Bloomberg School of Public Health Locations: Somerville , Massachusetts, U.S, Novavax, Covid, Eagle Rock , California
Shares of Cigna and Humana slid Wednesday after a report that the two health-care giants are in talks to merge. A Cigna spokesperson did not immediately respond to CNBC's request for comment on the report from The Wall Street Journal, which cited people familiar with the matter. A Humana spokesperson declined to comment. A Cigna spokesperson at the time said the company does not comment on "rumors or speculation." Some analysts have suggested that a potential combination with Humana could be a reason for Cigna to offload its Medicare Advantage business.
Persons: Humana's, Cigna, Scott Fidel, Stephens, Fidel Organizations: Humana, Wall Street, STAT, CNBC PRO
The blockbuster diabetes drug Mounjaro is more effective for weight loss than another highly popular treatment, Ozempic, in overweight or obese adults, according to a large analysis of real-world data published Monday. The results come as both drugs and similar treatments approved for weight loss soar in demand in the U.S. for their ability to help patients shed unwanted pounds over time. Previous head-to-head studies have similarly suggested that Mounjaro is more effective than Ozempic for weight loss and controlling blood sugar in adults with Type 2 diabetes. But Monday's study confirms Mounjaro's edge over Ozempic in a real-world setting, specifically among adults who are overweight or obese. Eli Lilly is pitting Mounjaro against Wegovy, a higher-dose version of Ozempic approved for weight loss, in an ongoing clinical trial in obese or overweight patients.
Persons: Eli Lilly, Mounjaro, We've, Nick Stucky Organizations: Novo Nordisk, Truveta Research, Research, Wegovy Locations: U.S
COVID-19 home test kits are pictured in a store window during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 19, 2022. The Biden administration on Monday said it is offering another round of free at-home Covid tests to U.S. households ahead of the holiday season, when more people gather indoors and the virus typically spreads at higher levels. Starting Monday, Americans can use COVIDtests.gov to request four free tests per household. Those who have not ordered any tests this fall can now place two orders for a total of eight tests, according to the website. The administration in September allowed people to request an initial round of four free tests through the site, resuming a federal program that temporarily shut down during a political fight over Covid funding.
Persons: Biden Locations: Manhattan, New York City , New York, U.S
NAPLES, Fla. (AP) — Alison Lee birdied four of her last five holes Friday to extend a hot streak that stretches from Saudi Arabia to South Korea to Florida. Her 8-under 64 gave her a share of the lead with Nasa Hataoka in the season-ending CME Group Tour Championship. The 28-year-old Californian has never won in her nine years on the LPGA Tour, but no one brought as much momentum. Xiyu Lin, who like Lee is trying to win for the first time on the LPGA Tour, had a 66 and was another shot behind. 1 amateur a decade ago and then struggled on the LPGA Tour and her confidence took a beating.
Persons: — Alison Lee birdied, Nasa Hataoka, Hataoka atoned, Lee, Annika, ” Lee, Hataoka, Ruoning Yin, Minjee Lee, Amy Yang, Xiyu Lin, , ” It's, Fred Couples, Couples, “ He’s, He’s, , Lilia Vu, Celine Boutier, ___ Organizations: Nasa, LPGA, BMW Ladies, Aramco, Ladies European, Tiburon Golf, Globe, LPGA Tour Locations: NAPLES, Fla, Saudi Arabia, South Korea, Florida, China, New York
The shortage – and other issues related to insurance coverage – threatens to prevent infants from receiving critical protection against RSV. Each year, the virus kills a few hundred children younger than 5, and 6,000 to 10,000 seniors, according to the CDC. RSV also causes around 58,000 to 80,000 hospitalizations among children younger than 5 years old each year, the CDC said. The U.S. started to see a sharp uptick in RSV cases in the middle of October. The U.S. suffered an unusually severe RSV season last year.
Persons: Sanofi, Nirav Shah Organizations: Disease Control, U.S, Sanofi, AstraZeneca, CDC, Vaccines, Children Program, Food and Drug Administration, FDA Locations: U.S
NAPLES, Fla. (AP) — The money from corporate support keeps poring into the LPGA Tour, which on Thursday announced a 2024 schedule with over $116 million in prize money and a record 10 regular tournaments offering at least $3 million. Political Cartoons View All 1250 ImagesThe agreement includes this week's CME Group Tour Championship. Prize money on the LPGA Tour has been steadily climbing, with recent boosts coming from the majors, particularly the U.S. Women's Open ($11 million this year) and the KPMG Women's PGA Championship ($10 million). This year, only four regular tournaments — not including the five majors or the CME Group Tour Championship — had prize funds of $3 million or more. The Women's PGA goes to Sahalee outside Seattle, while the U.S. Women's Open is at Lancaster Country Club in Pennsylvania.
Persons: Mollie Marcoux Samaan, Marcoux Samaan, , Andrews, Michelle Wie West, Annika Sorenstam, Annika, Robert Trent Jones, ___ Organizations: LPGA, CME, ESPN, Channel, Women's, KPMG Women's, Chevron, Lotte, AIG Women's British, Lancaster Country Club, of Famers, Palos Verdes, Solheim, Robert Trent Jones Golf Club, Ryder Locations: NAPLES, Fla, U.S, Boston, Arizona, Florida, San Francisco, New Jersey, Las Vegas, Houston, Hawaii, Asia, St, France, Sahalee, Seattle, Pennsylvania, Los Angeles, South Korea, Virginia
As its Covid gains evaporate, Pfizer wants a chunk of the budding weight loss drug market. Those companies helped spark the weight loss drug industry gold rush over the last year with their weekly obesity and diabetes injections, such as Novo Nordisk's Wegovy and Ozempic and Eli Lilly's Mounjaro. They want to see the drug cause a similar level of weight loss as a once-daily pill from Eli Lilly. "If Pfizer's data is positive, then I think people might be able to look beyond all this Covid overhang," Cantor Fitzgerald analyst Louise Chen told CNBC. A weight loss pill could be a boon for all three companies.
Persons: Eli Lilly, Eli Lilly's Mounjaro, Albert Bourla, , Cantor Fitzgerald, Louise Chen Organizations: Pfizer, Novo Nordisk, Nordisk's Wegovy, CNBC
Vu came into the tournament a mere three points behind another four-time winner, Celine Boutier, in the race for the points-based LPGA player of the year. Vu is now 27 points ahead going into the season-ending CME Group Tour Championship. All 60 players next week only have to win the CME Group Tour Championship to claim the $2 million prize. Vu is virtually a lock to win other awards as the LPGA's top player. Trying to win a tournament is stressful, but trying to keep your card is very, very stressful.”Patty Tavatanakit had some stress, too.
Persons: — Lilia Vu, Annika, Vu, Emily Kristine Pedersen, Celine Boutier, Boutier, Boutier's, Pedersen, Dane, Madelene Sagstrom, Stephanie Kyriacou, , ” Kyriacou, Stacy Lewis, Alison Lee, Azahara Munoz, Munoz, “ I’ve, ” Munoz, Patty Tavatanakit, ___ Organizations: Pelican Golf, Globe, Chevron, UCLA, CME Globe Locations: Fla, Florida, Naples, Australia, American, Spain
Rising rates and the possibility of a recession on the horizon have created a "mixed picture" for equity markets, according to one strategist — but several companies can look forward to markedly stronger earnings growth in the next year. "But, if you're looking for significant earnings expansion, I suspect, at a market level, that's probably less likely. The earnings growth rate for the S & P 500 was 3.7% year-on-year – the first quarter with year-on-year growth since the third quarter of 2022, the data showed. "What Eli Lilly is going to do with their weight loss drug is not dependent on whether the rates are 5.2% or 4.8%. "People didn't really talk about [Adobe] — everyone assumed that they were going to be a loser from AI," he said.
Persons: , they're, Rahul Ghosh, Rowe Price, Ghosh, Eli Lilly, Powell, Software Ghosh, — CNBC's Annika Kim Constantino Organizations: Healthcare Healthcare, UnitedHealth Group, Fellow, Food and Drug Administration, Software, Adobe Creative, Adobe Express
Pederson dropped three shots over her final seven holes at Pelican Golf Club as the wind picked up late in the morning. “It got a little bit more windy out there and my back nine was not as I hoped,” Pederson said. “I hit a few uncommitted golf shots that I'm a little bit mad at myself about. Political Cartoons View All 1240 Images“Obviously, I know where I am at the CME,” Pederson said. So I’m just trying to focus on putting together a good day, a good hole, good shot every day.
Persons: Emily Kristine Pederson, Annika, Pederson, ” Pederson, , ” Minami, Jasmine Suwannapura, I’ve, I’m, it’s, Lexi Thompson, Lydia Ko, Thompson, Ko, Jin Young Ko, ___ Organizations: LPGA, Pelican, Solheim, CME Globe, CME Locations: Fla, Danish, ” Minami Katsu, Japan, Thailand, Spain, Florida, Naples, Las Vegas
BELLEAIR, Fla. (AP) — Brooke Henderson was bothered by seeing so many low scores before she even teed off Thursday on the LPGA Tour. She just went out and putted for birdie on every hole, opening with an 8-under 62 for a one-shot lead in The Annika. “To hit all 18 greens is more what I used to be used to a little while ago,” the Canadian said. Political Cartoons View All 1239 ImagesThis is the last tournament for the top 60 players to reach the season-ending CME Group Tour Championship down the coast in Naples. “I just went into the day knowing I had to make birdies,” Thompson said.
Persons: — Brooke Henderson, Annika, Henderson, Jin Young Ko, Patty Tavatanakit, hasn’t, , , ” Henderson, hasn't, That's, Ko, “ I’ve, ” Tavatanakit, I’m, Emily Kristine Pedersen, Minami Katsu, Katsu, Lexi Thompson, ” Thompson, Nelly Korda, Lydia Ko, ___ Organizations: LPGA, CME Globe, Pelican Golf, PGA Tour Locations: Fla, Florida, Naples, Japan, Las Vegas
The organizers of a recent retail pharmacy staff walkout are helping to launch a national push to organize those employees on Wednesday, a potential step to wide-scale unionization of thousands of pharmacists and technicians across the U.S. for the first time. Both Walgreens and CVS also said last week that the walkout of their pharmacy staff last week had a minimal impact on their pharmacy operations. IAM Healthcare and the walkout organizers will then launch unionization campaigns in certain districts or areas with high support for organizing. The Pharmacy Guild hopes to get 100,000 pharmacists and technicians to fill out the form, Jerominski said. He also predicted that 90% of pharmacists working for Walgreens and CVS will be unionized in five years.
Persons: unionize, Shane Jerominski, aren't, Jerominski Organizations: Walgreens, IAM Healthcare, CVS, Kroger, CNBC Locations: Deerfield , Illinois
George Frey | ReutersThe Food and Drug Administration on Wednesday approved Eli Lilly 's blockbuster drug tirzepatide for weight loss, paving the way for even wider use of the treatment in the U.S. The FDA said the approval was based on two of Eli Lilly's late-stage trials on tirzepatide, which evaluated its effects on weight loss after 72 weeks. Higher doses of the drug were associated with even more weight loss, with a 15-milligram dose leading to 22.5% weight loss on average. The bigger issue is that many insurance companies are dropping weight loss drugs from their plans. Preliminary data is already available: A recent late-stage trial found that Novo Nordisk's weight loss drug Wegovy reduced the risk of cardiovascular events such as heart attack and stroke by 20%.
Persons: George Frey, Eli Lilly, John Sharretts, Eli Lilly's, Wegovy, Lilly, Mike Mason, Eli Lilly Diabetes Organizations: Novo Nordisk, Pharmacy, Reuters, Food, Drug Administration, U.S, FDA's Center, Drug, FDA, Obesity Locations: Provo , Utah, U.S, United States
These young voters faulted Israel’s response to the attacks, 52-32 percent. This wartime shift represents a fundamental break within a liberal coalition that has long powered the Democratic Party. Clearly, the most left-leaning young adults have the lowest rating of Israel. The Arab American Institute commissioned John Zogby Strategies to conduct a survey of 500 Arab Americans between Oct. 23 and Oct. 27. In this poll, 32 percent of Arab Americans identified as Republican as opposed to just 23 percent who identified as Democrats.
Persons: Biden’s, Biden, Donald Trump, Gallup, Jennifer Medina, Lisa Lerer, Benjamin Netanyahu, Bruce Cain, nonwhite, Cain, Siena, Hillary, , Norman Ornstein, ” Ornstein, Ornstein, Liz Skalka, Daniel Marans, Akbar Shahid Ahmed, , Robbie Gramer, ” Gramer, ’ Gramer, ” Amy Mackinnon, Gramer, Antony Blinken, ” Yossi Hasson, Maya Tamir, Kea, Brahms, J, Christopher Cohrs, Eran Halperin, Niloufar Zebarjadi, Eliyahu Adler, Annika Kluge, Mikko Sams, Jonathan Levy, Zebarjadi, Jeremy Konyndyk, Harris, ” Laura Royden, Eitan Hersh, ” “, Hersh, Israel favorability, Young, John Zogby, Zogby, Farah Pandith, Pandith, , Trump, Julie Wronski, Wronski, Stephen Ansolabehere Organizations: Quinnipiac University Poll, Biden, Democratic, West Bank, Democratic Party, Stanford, American Enterprise Institute, Democratic National Committee, State Department, U.S, USAID, United States Agency for International Development, Foreign, Liberals, Aalto University, USAID’s, U.S . Foreign, Politico, U.S ., Harvard, , Israel, Young American Left, Tufts, Republicans, U.S.A, , Arab American Institute, American, Council, Foreign Relations, University of Mississippi Locations: Israel, Gaza, Medina, United States, Washington, Palestinian, , Finland, Russia, Ukraine, U.S, Palestine, Michigan, America
Novo Nordisk on Thursday said 80% of U.S. patients with insurance coverage who take its highly popular weight loss treatment Wegovy are paying less than $25 a month for the drug. He estimated that about 50 million Americans with obesity could be eligible for Wegovy coverage under their health plans. Most patients have to take Wegovy for several months to see — and sustain — significant weight loss. Wegovy, for example, leads to 15% weight loss after 68 weeks, according to clinical trials on the drug. But Novo Nordisk is hoping that new data demonstrating the heart health benefits of Wegovy will put more pressure on insurers to cover the medication and similar weight loss treatments.
Persons: Doug Langa, Langa, Eli Lilly, Karsten Munk Knudsen, Wegovy Organizations: Novo Nordisk, balk, Novo Nordisk's, North, Nordisk, CNBC, U.S . Food, Drug Administration, National Institutes of Health Locations: U.S, Novo, North America
Eli Lilly on Thursday said supply of its blockbuster diabetes drug Mounjaro has improved in the U.S. after months of widespread shortages. During an earnings call Thursday, Eli Lilly executives said the company experienced tight supply for Mounjaro throughout most of the third quarter. But U.S. product shipments of Mounjaro have recently increased, and inventory levels at U.S. drug wholesalers have improved, according to Eli Lilly CFO Anat Ashkenazi. Eli Lilly has also invested more than $3 billion to build two new manufacturing sites in its home state of Indiana. Eli Lilly's main rival in the weight loss drug space, Novo Nordisk , is still navigating its own supply constraints of diabetes drug Ozempic and obesity treatment Wegovy.
Persons: Eli Lilly, Mounjaro, Eli Lilly's, Anat Ashkenazi, Ashkenazi, David Ricks, Ricks, we're, Wegovy, Eli Lilly's Mounjaro Organizations: Novo Nordisk, Pharmacy, Food, Pfizer Locations: Provo , Utah, U.S, North Carolina, Indiana, Novo
Eli Lilly on Thursday reported third-quarter revenue and adjusted earnings that topped estimates on strong demand for its diabetes drug Mounjaro, but slashed its full-year profit guidance due to charges primarily related to its recent acquisitions. Eli Lilly recorded pre-tax "in-process research and development" charges of $2.98 billion, which are primarily related to a slew of recent buyouts, including DICE Therapeutics, Versanis Bio and Emergence Therapeutics AG. "This is essentially the future value of business development deals we have done," Eli Lilly CEO David Ricks said on CNBC's "Squawk Box" on Thursday. But Eli Lilly reiterated its full-year revenue forecast of between $33.4 billion and $33.9 billion. With a market cap of roughly $526 billion, Eli Lilly is the largest pharmaceutical company based in the U.S.
Persons: Eli Lilly, Jardiance, David Ricks Organizations: LSEG, Therapeutics, U.S Locations: Mounjaro, Wednesday's
Moderna on Thursday posted a steep loss for the third quarter as the drugmaker recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product. Revenue: $1.83 billion vs. $1.40 billion expectedShares of Moderna fell more than 10% in premarket trading Thursday. Moderna posted a net loss of $3.63 billion, or $9.53 per share, for the quarter. The biotech company generated third-quarter sales of $1.83 billion, with sales of its Covid shot dropping 44% from the same period a year ago. In August, Moderna said it expected its shot to rake in $6 billion to $8 billion in revenue in 2023.
Persons: Stéphane Bancel, Bancel, Moderna Organizations: Moderna, LSEG, Revenue Locations: U.S
Dec 18, 2022; Orlando, Florida, USA; Annika Sorenstam Walks up to the fourth tee box during the final round of the PNC Championship golf tournament at Ritz Carlton Golf Club Grande Lakes Orlando Course. Mandatory Credit: Reinhold Matay-USA TODAY Sports/File Photo Acquire Licensing RightsNov 1 (Reuters) - Swedish golfing great Annika Sorenstam said on Wednesday she was surprised by the recent invitation for her to join the renowned Augusta National Golf Club and called it one of the happiest days of her life. Sorenstam, a 10-times major champion who has won 90 titles worldwide, is the first LPGA professional to become a member at the exclusive Augusta, Georgia-based golf club that has been home of the Masters since 1934. I'm extremely honored," Sorenstam told reporters ahead of her namesake event on the LPGA Tour taking place next week in Belleair, Florida. King made no secret about what impact she hopes Sorenstam can have at Augusta National, which in 2019 began hosting the Augusta National Women's Amateur.
Persons: Annika Sorenstam, Reinhold Matay, State Condoleezza Rice, Darla Moore, Augusta, Sorenstam, Billie Jean King, Lyn St, James, Gainbridge, I'm, King, Frank Pingue, Toby Davis Organizations: PNC Championship, Ritz Carlton Golf Club, Augusta National Golf Club, Former U.S, State, LPGA, Billie Jean King Cup, Women, Motorsports, Hall of Fame, Augusta National, Thomson Locations: Orlando , Florida, USA, Ritz Carlton Golf Club Grande, Swedish, Augusta , Georgia, Belleair , Florida, Motorsports North America, Toronto
CVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street's expectations, lifted in part by strong revenue from the company's health services business. CVS booked sales of $89.76 billion for the quarter, up nearly 11% from the same period a year ago. The company reported net income of $2.27 billion, or $1.75 per share, for the third quarter. Excluding certain items, such as amortization of intangible assets and capital losses, adjusted earnings per share were $2.21 for the quarter. However, it maintained its forecast on an adjusted basis, guiding to full-year adjusted earnings of $8.50 to $8.70 per share.
Organizations: CVS, LSEG, Walgreens, Aid, CNBC, Oak Street Health Locations: Monday's
Pfizer on Tuesday reported a narrower-than-expected adjusted loss for the third quarter as the drugmaker recorded charges largely related to struggles for its Covid antiviral treatment Paxlovid and the Covid vaccine. Pfizer said it recorded a $5.6 billion charge for inventory write-offs in the third quarter due to lower-than-expected use of Covid products. Of these write-offs, $4.7 billion is chalked up to Paxlovid and $900 million is attributed to the company's vaccine. For the third quarter, Pfizer booked a net loss of $2.38 billion, or 42 cents per share. Meanwhile, the pharmaceutical giant expects its Covid antiviral treatment Paxlovid to bring in $1 billion in revenue.
Persons: Paxlovid Organizations: Pfizer, LSEG, U.S . Locations: U.S, Monday's
The company's ongoing efforts are focused on how it can recruit, retain and reward pharmacy staff, the spokesperson said. CVS pharmacists make $61.44 an hour on average, while Walgreens pharmacists make $53.85 per hour on average, according to employment website Indeed. However, some Walgreens pharmacy staff told CNBC that the company continues to push their stores to hit performance goals for tasks like verifying prescriptions. IAM Healthcare did not immediately respond to a request for comment, while UFCW has expressed its support for the recent walkouts staged by Walgreens and CVS pharmacy staff. People make their way near a Walgreens pharmacy in New York City, March 9, 2023.
Persons: Brian Snyder, Shane Jerominski, walkouts, Stephanie Keith, I've, Irfan Khan, aren't, Jerominski, UFCW, Leonardo Munoz Organizations: Walgreens, Reuters, CNBC, CVS, Rite Aid, Kansas City, Bloomberg, Getty, Food and Drug Administration, Pfizer, CVS Pharmacy, Los Angeles Times, Kroger, IAM Healthcare, United Food, Commercial Workers International Union, Corbis Locations: Somerville , Massachusetts, Kansas City, Kansas, U.S, Massachusetts , Pennsylvania, California , Texas , Michigan , Missouri, Indiana, New York, Eagle Rock , CA, Canada, New York City
Members of Gen Z take .5 selfies. On platforms like Instagram , for instance, Gen Z users don't favor a perfectly curated feed full of posed and filtered photos. Members of Gen Z take .5 selfies. "I think that's why Gen Z goes insane over the Tube Girl." How to take a .5 selfieA member of Gen Z takes a .5 selfie.
Persons: Gen, Duncan Grant, Rebecca Smith, Rachel Aquino, Gabriel Lesser, Riley Galfi, Galfi, Aidan Bissett, Gen Z, Aquino, it's, I'm, Lesser, Emma Kelly, Annika Kim Constantino, Alix Earle, Emma Chamberlain, Louis Vuitton, Sabrina Bahsoon, Bahsoon Organizations: CNBC, Apple, Pew Research Center, Spotify Locations: New York, London
No one broods quite like Nicola Walker, whose eyes have transfixed viewers in television shows like “Unforgotten,” “Last Tango in Halifax” and “The Split.”In “Annika,” the British crime drama now in its second season on PBS, she holds that gaze as a marine homicide detective, her speedboat slicing through the waters near Glasgow. But in a video interview while just outside London, where she lives with her husband, the actor Barnaby Kay, and their teenage son, Harry, Walker was radiant and witty. When she agreed to talk about her cultural essentials — true-crime podcasts, the theater director Ivo van Hove, the harrowing reality series “Alone” — she recalled her agent asking if she was going to be truthful. “I said, ‘Is it bad if I tell them that really one of my cultural highlights this week has been sitting in my underwear, eating a bag of Spanish Lays crisps with a can of Coke, watching the ‘Beckham’ documentary?’”
Persons: Nicola Walker, , Annika, Barnaby Kay, Harry, Walker, Ivo van Hove, , , Coke, Beckham Organizations: PBS Locations: Halifax ”, British, Glasgow, London
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