There is only one hour left in the trading session. That means it's time for Josh Lipton and Sheena Smith to cover some of the day's biggest market-moving stories on Market Domination. On this show, we welcome Morningstar Equity Analyst David Swartz to talk about the latest in the Nordstrom (JWN) family's partnership with El Puerto de Liverpool (ELPQF, PLV1.F) to take the retail company private. Discuss the acquisition agreement. Wendell Potter, director of the Center for Health and Democracy (CHD), also participated in the program and spoke about the unwarranted “barriers” to adequate care he witnessed during his time…
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Health insurance companies are ending the year on a bad note, facing several headwinds, from Congress' efforts to rein in costs to declining profits from expanded access to benefits. The recent tragic shooting death of an insurance company executive has raised even bigger questions. Enraged Americans are demanding change in the industry. A combination of factors is expected to make 2024 a tougher year than in recent years, and 2025 is expected to get off to an uncertain start. “Managed care stocks have significantly underperformed in 2024 (-20% vs. S&P +27%), facing unprecedented policy, reimbursement, and utilization headwinds in addition…
On Saturday, Melanie Garcia’s mother said doctors had released her from the hospital.She could go home.She is one of nine survivors of the Apalachee High School shooting.(Download: Free WSB-TV News App to receive breaking news alerts)The bullet hit her in the shoulder.His mother, Jakelyn Garcia, told Channel 2’s Courtney Francisco on Friday that he underwent surgery to close the wound and doctors believe the bones are aligned enough to heal naturally.She is 15 years old.”She’s a normal teenager who loves spending time with her friends, playing soccer and spending time with her family, and none of those hobbies are going…
An eight-year-old girl has died of sepsis after being sent home by her GP because her local hospital was full.Mia Glynn visited GP practices twice within four hours but doctors told her parents Solon, 39, and Katie, 37, to take her home, despite her showing symptoms of group A streptococcus infection.Her parents, who live in Biddulph, Staffordshire, first took Mia to the doctor on December 5, 2022, after she began vomiting and complained of a severe headache and sore throat.On the morning of December 8th, Mia’s parents took her to the clinic because she had a fever and a severe…
BATON ROUGE, La. (BRA PROUD) – A Louisiana nursing home owner has settled and agreed to pay $8.2 million after being accused of misusing the facility's assets. More than 840 people reportedly evacuated to a warehouse in Tangipahoa Parish to ride out Category 4 Hurricane Ida in 2021. Several people died in the storm's aftermath due to lack of proper equipment and care.Bob Dean Jr. was charged with violating the National Housing Act of 1934 by misusing the assets of four Louisiana nursing homes and was ordered to pay $8.2 million in settlements, according to the U.S. Department of Justice.…
CAMBRIDGE, MA and TAIPEI, TAIWAN / ACCESSWIRE / September 30, 2024 / Moderna, Inc. (Nasdaq:MRNA) and Cenra Healthcare, the sales and marketing division of Cenra Inc., today announced that the companies have entered into a joint agreement to: announced that it had concluded. Co-promotion of Moderna's mRNA respiratory vaccine portfolio in Taiwan, including Moderna's COVID-19 vaccine Spikevax®.Under the agreement, Moderna will manufacture and sell mRNA respiratory vaccines. Cenra Healthcare will engage in promotional efforts and conduct medical education activities to ensure broad access to Moderna's mRNA respiratory portfolio across Taiwan. The initial term of the agreement is until July 31,…
The healthcare industry may be heading toward the end of the era of integrated businesses, as CVS (CVS) is reportedly considering breaking up its vertical business.According to the report, CVS is the second vertically integrated retail healthcare company in the U.S. to consider changing its strategy this year. That could mean health insurance company Aetna, pharmacy benefits manager Caremark, or a combination of the two and other industries.Major retail rival Walgreens (WBA) has already partnered with VillageMD to exit retail clinic stores. This, along with Walmart (WMT) closing its healthcare retail stores, signals the end of a more consumer-focused approach…
Listen and subscribe to Stocks in Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.Just after the third quarter, we suddenly found that the pure AI trading of Nvidia (NVDA) and its group of chips became a net drag on the performance of the entire S&P 500 index. itself surprised investors with a solid 5.5% return.Nevertheless, generative AI is still gaining traction and is slowly moving into real-world applications.Abby Yoder, U.S. equity strategist at JPMorgan Private Bank, emphasized that healthcare, which is notoriously slow-moving, could be next in line for AI-driven innovation.Despite being the only sector in…
Salesforce (CRM) and Blue Shield of California have partnered to build an artificial intelligence-based system. They argue that this should make it easier for patients to get treatment approved through their insurance company, reducing the burden of weeks of prior authorization. Ideally late to same day process. The collaboration is expected to be announced this morning. The idea is not new, as some major insurance companies have worked on using AI to address claim approval or denial in the past. And now it faces significant headwinds amid concerns about increased denials, especially to older patients. Prior authorization is a decision-making…
Health care stocks fell last week after President-elect Donald Trump nominated Robert F. Kennedy Jr. to lead the nation's top health agency. Vaccine makers like Moderna (MRNA) are down more than 5%, and big names like Pfizer PFE (PFE) are down about 2%. Some Wall Street analysts believe the slide is an overreaction, given that little is known about Kennedy's actual controversial policies and that he has not yet been confirmed by the U.S. Senate. Mr. Kennedy said it was too early to tell whether or how much of an impact it would have on the health sector. If confirmed…