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The first round of Medicare drug price negotiations has come to an end – but we still don't know the final prices that the U.S. government and pharmaceutical companies have agreed on. They all maintain that Medicare drug price negotiations are a long-term threat to the pharmaceutical industry's drug innovation and profits, but the immediate dust has somewhat settled. That's based on executive commentary during the recent quarterly earnings calls of Bristol Myers Squibb and Johnson & Johnson , among other companies. Novartis CEO Vasant Narasimhan said on July 18 that the short-term impact from Medicare drug price negotiations "might be manageable on our first set of drugs." Executives at each of the drugmakers similarly emphasized their opposition to Medicare drug price negotiations on their respective earnings calls.
Persons: Joe Biden, Johnson, Joe Biden's, Christopher Boerner, Bristol Myers, Robert Michael, We've, Michael, Jennifer Taubert, Vasant Narasimhan, Narasimhan, Bristol Myers Squibb's Boerner, Boehringer Ingelheim, Annika Organizations: National Institutes of Health, Medicare, Bristol Myers Squibb, Johnson, Pfizer, J, Novartis, Merck, Novo Nordisk, AstraZeneca Locations: Bethesda , Maryland, U.S, annikakim.constantino@nbcuni.com
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman's Peter Oppenheimer: this correction is healthy and somewhat inevitable but may not be overPeter Oppenheimer, Goldman Sachs chief global equity strategist, and CNBC's Michael Santoli join 'Squawk on the Street' to discuss the strategist's thoughts on the recent global equity market performance, what the discount on the Nasdaq's multiple means for investors, and much more.
Persons: Peter Oppenheimer, Goldman Sachs, CNBC's Michael Santoli
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow possible to discuss nation-states holding crypto on the balance sheet: MicroStrategy's SaylorMichael Saylor, MicroStrategy co-founder and executive chairman, joins 'Squawk on the Street' to discuss the next breakout catalyst for Bitcoin, if a strategic reserve of Bitcoin is a good idea, and much more.
Persons: Michael Saylor, MicroStrategy
CNN —Every day for two months, Michael Ofer Ziv spent hours watching grainy, black-and-white footage of the Gaza Strip from a tiny room across the border. CNN has reached out to the Israeli military for comment on his claims. Green said he felt his role was to protect the civilians who had been attacked on October 7 and thought the Israeli military would go in and target Hamas. Yuval Green‘Losing so much’Reservists who refuse to serve again, like Ofer Ziv and Green, could face serious consequences. Yuval GreenDespite the risks, both Green and Ofer Ziv are committed to their decision.
Persons: Michael Ofer Ziv, , Ofer Ziv’s, ” Michael Ofer Ziv, Ofer Ziv, ” Ofer Ziv, , Hatem Khaled, , Yuval Green, Green, … we’ve, Khan Younis, Yuval Green ‘, Michael Sfard, Sfard, ” Sfard, refuser, ” Yuval Green, he’s, , … we’re Organizations: CNN, Israel Defense Forces, IDF, Reuters, West Bank Locations: Gaza, Tel Aviv, Israel, Rafah, Khan,
It's now 18% from the February 52-week high. The stock is 17% from the April 52-week high. Dow Winners There are only four Dow stocks that are up in the last three days. Shares are 1.7% from the July 24 52-week high. The stock is 11% from the January 52-week high.
Persons: Russell, Crypto, Michael Saylor, MicroStrategy, Cleanspark, Joe Hinrichs, It's, Johnson, McDonald's Organizations: CNBC, Nasdaq, Dow Jones, Galaxy, CSX, Caterpillar, Dow, Procter, Gamble, Johnson
CNBC Markets Now: August 5, 2024
  + stars: | 2024-08-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Markets Now: August 5, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.
Persons: Michael Santoli Organizations: CNBC
ET, 5:16 p.m. in Paris (men’s pommel horse)TV: NBC and PeacockWhat to watch: Biles continues her gold medal aspirations when she competes in the individual vault competition. Biles enters the vault competition as the leader from qualifying after posting a 15.3. The Canadiens, reigning gold medal winners, needed to win all three matches to get through — and they did. GO DEEPER Ledecky becomes most decorated U.S. female OlympianCanadian Summer McIntosh eyes her third Olympic gold at just 17 years old. With a win Saturday, Crouser would be the first male shot putter to win three Olympic gold medals.
Persons: We’ve, Sha’Carri Richardson, Simone Biles, Stephen Nedoroscik, Katie Ledecky’s, , Nedoroscik, Biles, Jade Carey, Rebeca Andrade, Nedoroscik —, Ireland’s Rhys McClenaghan, Peter Vidmar, It’s, Richardson, Jamaica’s Shericka Jackson, Jamaica’s Shelly, Ann Fraser, Pryce, Sha'Carri Richardson, Mallory Swanson, Alex Livesey, Sophia Smith, Trinity Rodman dazzled, Emma Hayes ’, Hayes, Davidson, Shaw, Ledecky, American Paige Madden, Ariarne, McIntosh, American Kate Douglas, Douglass, Crouser, Ryan Crouser, American Joe Kovacs, Germany’s Leo Neugebauer, Michael Steele, Damian Warner, Kevin Mayer of, Pierre LePage, Leo Neugebauer, Ayden Owens, Sander Skotheim, Franz Wagner, Orlando, Wagner, Andrej Isakovic Organizations: Paris Olympics, NBC, U.S, USA, Stade de France, Getty, United, Olympic, Canada, FIFA, New Zealand, Canadiens, Spain, Canada Soccer, La Defense, Ledecky, Kevin Mayer of France, Puerto Rico Locations: Paris, American, Sha'Carri, USWNT, Canada, women’s, United States, Japan, Germany, U.S, Colombia, France, Brazil, Los Angeles, Tokyo, Puerto, Norway, AFP
NASA this week has been discussing the possibility of returning Starliner empty and instead using SpaceX’s Crew Dragon spacecraft to return its astronauts. The Boeing crew flight was initially planned to last a minimum of nine days. NASA previously noted that SpaceX serves as a backup but has sought to deemphasize that possibility, calling Boeing’s spacecraft the “primary option” for return. Already, Boeing’s Starliner losses total more than $1.5 billion due to repeated setbacks and years of delays in developing the spacecraft. If NASA backs Boeing and returns Wilmore and Williams on Starliner, the agency is accepting a currently unquantifiable amount of risk.
Persons: Butch Wilmore, Suni Williams, , , Williams, Mark Nappi, “ We’re, ” Nappi, Steve Stich, Starliner Organizations: NASA, SpaceX, International Space Station, CNBC, Boeing, Ars Technica, Boeing’s, Space, Commercial, Starliner Locations: Starliner
Some of them were alums of Project Veritas, the conservative group known for elaborate sting operations targeting liberal organizations, journalists and unions. The man at the center of the fracas was Michael Spadone, a former Project Veritas field director. In that role he oversaw staffers who used hidden cameras to embarrass people Project Veritas targeted. James O’Keefe, the Project Veritas founder, was ousted from the nonprofit last year. Before Spadone left Project Veritas, he was the subject of a sexual harassment lawsuit filed by a former administrative assistant.
Persons: Michael Spadone, Spadone, , ” Spadone, they’d, , It’s, James O’Keefe, Jeffrey Lichtman, didn’t, Zachary Glaza, Antonietta Zappier, Amer Zahr, Zahr shrugged, surveil, profanities, you’re, , You’re, “ You’re, Uber, I’m, ’ ”, they’re Organizations: Veritas, NBC News, Project Veritas, Dearborn Police Department, Local, People’s Conference, Palestine, Henry, NBC Locations: Michigan, Dearborn, America, Palestinian American, American, we’re, Detroit
CNBC Markets Now: August 2, 2024
  + stars: | 2024-08-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Markets Now: August 2, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.
Persons: Michael Santoli Organizations: CNBC
CNBC Markets Now: August 1, 2024
  + stars: | 2024-08-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Markets Now: August 1, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.
Persons: Michael Santoli Organizations: CNBC
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWingstop CEO on earnings: Same stores sales were driven primarily by transaction growthWingstop CEO Michael Skipworth and CNBC's Kate Rogers join 'Power Lunch' to discuss the fast food companies' earnings results and consumer trends.
Persons: Michael Skipworth, Kate Rogers
Bitcoin 2024 attendee wears "Make Bitcoin Great Again" baseball cap. Trump said on Saturday that his campaign has raised $25 million from the crypto industry since it began accepting cryptocurrency donations in May. "Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. "The rules will be written by people who love your industry, not hate your industry," Trump declared that afternoon in the main auditorium as he warmed up the crowd. As Riot's Les put it, "I think the core message that we communicated to President Trump was, 'This is your industry leadership group.
Persons: Donald Trump, Jon Cherry, Donald Trump White, Tyler, Cameron Winklevoss, Paul Grewal —, David Sacks, Cantor Fitzgerald, Howard Lutnick, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Vivek Ramaswamy —, Kid Rock, Billy Ray Cyrus, Jason Les, Fred Thiel, Zach Bradford, Chris Cook, Amanda Fabiano, Michael Saylor wasn't, Saylor, Trump, That's, Donald Trump's, Les, he's, litigator, Tracy Hoyos, Cyrus strummed, " Hoyos, López, Hoyos, Cyrus, López Trump, Marathon's Thiel, Thiel, David Bailey, Bailey, Sen, Elizabeth Warren, Gary Gensler —, Kamala Harris, Cook, Saturday's, CleanSpark's Bradford, Riot's Les, indoctrinating, Bradford, they've, It's, we're Organizations: Republican, Getty, Music City Center, GOP, Gemini, Trump, U.S ., State Department, Marathon Digital Holdings, CNBC, Music City, Riot, Attorney, Bitcoin, BTC Inc, U.S . Securities, Exchange, US, Bloomberg, indoctrinating Trump, Industry, Mar Locations: Nashville , Tennessee, San Francisco, Nashville, Mar, Lago, U.S, San Bernardino County, López
The strike on Beirut was the first time during this war that Israel has targeted such an influential Hezbollah leader in Lebanon’s capital. Hours later, the killing in Iran of Hamas’s political leader, Ismail Haniyeh, was considered the most brazen breach of Iran’s defenses in years. Image A protests in Tehran on Wednesday after Ismail Haniyeh, a senior Hamas leader, was assassinated in Iran. Despite his title as Hamas’s political leader, Mr. Haniyeh is replaceable, said Joost Hiltermann, the Middle East and North Africa program director for the International Crisis Group. In January, Israeli strikes killed a senior Hamas leader in Hezbollah’s stronghold in Beirut, leading to fears that Hezbollah would mount a particularly fierce response on Hamas’s behalf.
Persons: Amira, Hassan Fadlallah, Fuad Shukr, Ismail Haniyeh, Diego Ibarra Sanchez, Iran —, Michael Stephens, Haniyeh’s, Stephens, Mr, Andreas Krieg, Arash Khamooshi, ” Mr, Krieg, , it’s, Haniyeh, Joost Hiltermann, , Israel, Israel Katz, Katz, Itamar Rabinovich, Israel’s, Rabinovich, Benjamin Netanyahu, Netanyahu, Vivian Yee Organizations: Israel’s, The New York Times Iranian, Foreign Policy Research Institute, King’s College ,, The New York Times, International Crisis, United Nations, Hezbollah Locations: Dahiyeh, Beirut, Lebanon, Gaza, Israel, Iran, simultaneity, Yemen, Iraq, Credit, United States, Philadelphia, King’s College , London, Tehran, East, North Africa, Hezbollah’s, Syria, Bourj el Barajneh, U.S, Washington
CNBC Markets Now: July 31, 2024
  + stars: | 2024-07-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Markets Now: July 31, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.
Persons: Michael Santoli Organizations: CNBC
Two elite Chinese swimmers, including one named to her country’s team in the Paris Olympics, tested positive in 2022 for a banned drug but were secretly cleared of doping late last year by Chinese authorities, according to two people with direct knowledge of the matter. After a lengthy investigation into the previously undisclosed incident, the Chinese authorities were unable to determine exactly how the swimmers ingested the drug, a powerful anabolic steroid, but concluded that they had most likely done so unwittingly when they ate hamburgers at a restaurant in Beijing. The Chinese emphasized in their explanation to global antidoping regulators that only trace amounts of the steroid had been detected and said that those levels were consistent with contamination, not doping. The decision to clear the swimmers was at least the third time in recent years that China has blamed contaminated food for positive tests by top swimmers, an explanation that has drawn skepticism from many antidoping experts. Critics see the incident as the latest in a pattern of China’s looking the other way when confronted with positive tests in its swimming program, and as a failure by global antidoping agencies to ensure a level playing field for elite athletes.
Persons: Critics Organizations: Paris Olympics Locations: Beijing, China
Paris CNN —French authorities have launched an investigation into possible antisemitism at an Israel-Paraguay soccer match during the Paris Olympics on Saturday. During the match, a banner “bearing a political message was displayed and anti-Semitic gestures were made,” Paris 2024 said in a statement. The statement from the Olympics organizers did not clarify what these gestures were. According to stills by multiple photo agencies, a banner reading “Genocide Olympics” was displayed, with some spectators holding up Palestinian flags during the game. We would like to remind everyone that the Games are a time for harmony and tolerance,” the statement continued.
Persons: Paris CNN —, , Michael Steele, Organizations: Paris CNN, Paraguay soccer, Olympics, Parc des Princes, , Getty, Olympic Locations: Israel, Paraguay, Paris, Parc des, Europe
On Today’s Episode:Trump’s First Major Ad Attacking Harris Hits Her on Immigration, by Shane Goldmacher and Michael GoldProtests Erupt in Venezuela as Nations Denounce Election Result, by Frances Robles, Jack Nicas and Alejandro CegarraOlympic Men’s Triathlon Postponed Because of Pollution in the Seine, by John Yoon and Catherine PorterChina, Citing Tainted Burgers, Cleared Swimmers in a New Doping Dispute, by Tariq Panja and Michael S. Schmidt
Persons: Harris, Shane Goldmacher, Michael Gold, Frances Robles, Jack Nicas, Alejandro Cegarra, John Yoon, Catherine Porter China, Tariq Panja, Michael S, Schmidt Locations: Venezuela, Seine
SAINT-DENIS, France — With a 90-yard run as the final seconds ticked off the clock, Alex Sedrick and Team USA’s women’s Eagles rugby team snatched the bronze medal off the necks of a heavily-favored Australian team to deliver America its first Olympic medal in rugby sevens. Then the green and gold pinned the Americans deep in their own end, inching them backward as the final seconds ticked off the clock. AdvertisementBut then Sedrick got possession in the middle of the field and burst through a hole in the Aussie defense. In an instant, Sedrick was off on 90-yard sprint down the grass, that finished with her running through the uprights. But in a game with just 14 players on a massive field, anything can happen, and in the final seconds against the Aussies, Sedrick made sure it did.
Persons: DENIS, Alex Sedrick, USA’s, Sedrick, Michael Steele Organizations: USA’s women’s Eagles rugby, Eagles, Australians, Aussie, Zealand Locations: France
Khan Younis, Gaza CNN —Palestinians who fled the southern Gazan city of Khan Younis just over a week ago started to return to their homes Tuesday to find extensive destruction, with many homes and multistory buildings reduced to ruins, after the Israeli military withdrew its forces. The Israeli military withdrew from eastern Khan Younis more than a week after an incursion and heavy bombardment that killed dozens of Palestinians and forced thousands of others to flee. But when Israeli forces began an assault on Khan Younis in early December, those living there were forced to seek refuge further south. Teams working for Gaza’s civil defense directorate recovered 42 bodies in the Bani Suheila area after the Israeli military withdrawal, the organization said on Tuesday. ET) on Tuesday, it had recorded the deaths of 290 Palestinians in eastern Khan Younis and the wounding of more than 700 others since July 22.
Persons: Khan Younis, Bani Suheila, Najm Abu Assi, Ibrahim Muhammad Abu Adwan, , gesturing, Adwan, Khan Younis – Gaza’s, Bani, Um Yahya, , … We’re, Abed Odeh, Khan, Khan Younis – Organizations: Gaza CNN, CNN, United Nations, Gaza’s Ministry of Interior, Palestinian Ministry of Health, Israel Defense Forces, Nasser Locations: Gaza, Gazan, Bani, Israeli, Israel, , Khan Younis, Gaza City, Khan
The month before, President Nicolás Maduro had declared a “constitutional state of emergency.”Julio Borges, in a photograph taken by CNN's Rafael Romo on June 9, 2016. Maduro, now 61, is a former bus driver who became a Caracas metro system union leader and rose through the ranks. In January of that year, Juan Guaidó, then president of the National Assembly, had proclaimed himself interim president of Venezuela. Supporters of Venezuelan opposition leader Juan Guaido scuffle with members of the Bolivarian National Police during a protest against the government of President Nicolas Maduro in Caracas on November 18, 2019. The Venezuelan opposition political party Voluntad Popular said Tuesday that its leader Freddy Superlano has been kidnapped.
Persons: , Caracas Osmary Hernández, Julio Borges, colectivos, Nicolás Maduro, ” Julio Borges, CNN's Rafael Romo, Rafael Romo, Hugo Chávez, Juan Guaidó, Guaidó, Juan Guaido, Nicolas Maduro, Yuri Cortez, María Corina Machado, Machado, Chávez, Edilzon Gamez, , Michael, , would’ve, Maduro, they’ve, Edmundo González, Jorge Fernando “ Tuto ” Quiroga, ” Quiroga, Edmundo, González, could’ve, Popular, Freddy Superlano Organizations: CNN, National Assembly, Caracas Osmary, Electoral Council, Bolivarian National Police, Getty, Bolivian Embassy, Inter, Georgetown University, Venezuela’s CNE, Venezuelan, Foro Locations: Caracas, Venezuela, Maduro, United States, AFP, North Macedonia, Bolivian
The global antidoping regulator disclosed on Tuesday that it is investigating why athletes in China and other countries who are testing positive for banned drugs are escaping discipline through claims that they have unwittingly ingested the performance-enhancing substances through food. The statement from the World Anti-Doping Agency came after The New York Times reported earlier on Tuesday on a previously undisclosed case in which two elite Chinese swimmers who tested positive for a powerful steroid in 2022 were cleared late last year after their country’s antidoping authority blamed contaminated hamburgers. It was the third incident in recent years in which China blamed food contamination for positive tests among members of its national swimming team. In its statement on Tuesday, the World Anti-Doping Agency, known as WADA, revealed that at the same time it was looking into how the two swimmers had tested positive, it was also examining the previously undisclosed cases of two other Chinese athletes in different sports — shooting and BMX bike riding — who tested positive in early 2023 for trace amounts of the same banned drug, metandienone.
Persons: WADA Organizations: Doping Agency, The New York Times Locations: China
This story is available exclusively to Business Insider subscribers. Advertisement"For no reason, I felt targeted in a very toxic and vulgar way," Goodman previously told Business Insider. In a previous response to Business Insider, Shvo said he had no recollection of that call. The Goodmans also named the Mandarin Oriental hotel brand as a defendant, stating that 685 Fifth Avenue's "service standards are severely lacking and in no way Mandarin Oriental caliber." A spokeswoman for Mandarin Oriental did not immediately respond to a request for comment.
Persons: , Michael Shvo, Shvo's, Shvo, Shvo –, John Goodman, Diane, Belinda Burgmeier, Burgmeier, Goodman, Jennie Enterprise, Enterprise, Serdar, Bilgili, BVK, Rainer Komenda Organizations: Service, Business, Universal Investment, Deutsche Finance, Core, Shvo, BVK, Core Club, Bilgili, San Locations: Manhattan, New York, Munich, San Francisco, Milan, Italy, Turkish, BVK, Wabash, Chicago, Shvo, Raleigh, Los Angeles
CNBC Markets Now: July 29, 2024
  + stars: | 2024-07-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Markets Now: July 29, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.
Persons: Michael Santoli Organizations: CNBC
Michael Chesebro awoke to the same reality as he did each morning, with pain radiating up his spine and into his shoulders before he opened his eyes. He remained still for a moment, summoning the courage to reach from his bed to his night stand. He rolled onto his back, which was fused together with metal after almost 20 years as a paratrooper in the military. He extended his arm, which he had broken several times while wrangling bulls and horses on his ranch outside Cheyenne, Wyo. Finally, his hand found his cellphone, and he logged on to the online universe where he spent most of his days.
Persons: Michael Chesebro, , , Michael, “ I’m, ” Michael, Warren Armour Organizations: Patriot Party, Patriot Party News, Facebook Locations: Cheyenne, Kansas, Texas, Tennessee
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