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Tag: Health care industry

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’

Zhuying Hua, 40, of Rockville, is concerned about coronavirus and wears a mask while shopping. The store manager said the there was a huge decline in shoppers. Sarah L. Voisin | The Washington Post | Getty Images Macy’s warned investors Tuesday that the coronavirus outbreak, which has shuttered commerce across China and sent markets spiraling, …

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’Read More

Peloton shares slip, extending two-day losses

A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Peloton extended their two-day losses, trading down as much as 8.9% on Wednesday, following a critical short-seller note …

Peloton shares slip, extending two-day lossesRead More

Trump aides hold daily meetings on vaping as White House scrambles to formulate policy

From left: White House counselor Kellyanne Conway speaks to Senator Mitt Romney (R-UT) and President Donald Trump, during a listening session on youth vaping and the electronic cigarette epidemic inside the Cabinet Room at the White House in Washington,, November 22, 2019. Tom Brenner | Reuters The White House, grappling with the outbreak of a …

Trump aides hold daily meetings on vaping as White House scrambles to formulate policyRead More

Federal prosecutors open criminal probe of opioid makers and distributors, report says

Federal prosecutors in Brooklyn, New York, have opened a criminal probe into the role drug manufacturers and distributors played in fueling the opioid crisis, The Wall Street Journal reported Tuesday. Companies including Teva, McKesson, Mallinckrodt, AmerisourceBergen, Johnson & Johnson and Amneal Pharmaceuticals have received subpoenas, the Journal reported. Some of those companies had previously disclosed …

Federal prosecutors open criminal probe of opioid makers and distributors, report saysRead More

CBD might not be safe despite flood of products, FDA warns consumers

A matcha shop that offers drinks with drops of CBD oil. Angelica Lavito | CNBC CBD might not be as safe as the companies selling it say it is, the Food and Drug Administration is warning consumers. The cannabis compound has been widely touted as a harmless way to treat a slew of ailments, such …

CBD might not be safe despite flood of products, FDA warns consumersRead More

Trump to meet with tobacco execs, vaping advocates, health groups

Nick Gregory, a 26-year-old manager, vapes on a JUUL at Botany Bay in Lexington, Ky. Charles Bertram | Tribune News Service | Getty Images Tobacco executives, vaping industry representatives and public health leaders are scheduled to meet with President Donald Trump at the White House on Friday afternoon as the administration weighs banning flavored e-cigarettes …

Trump to meet with tobacco execs, vaping advocates, health groupsRead More

Sharp divides on how to reverse teen vaping epidemic

Senator Mitt Romney (R-Utah) speaks as President Donald Trump listens during a cabinet meeting at the White House on November 22, 2019 in Washington, DC. Brendan Smialowski | AFP | Getty Images President Donald Trump raised his concern about the possible negative consequences of banning flavored e-cigarettes during an at-times hostile meeting on Friday with …

Sharp divides on how to reverse teen vaping epidemicRead More

FDA flags Dollar Tree for selling OTC drugs made by companies with ‘serious violations’

People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images News | Getty Images Dollar Tree stocked over-the-counter drugs produced by Chinese companies with “a pattern of serious violations” of federal law on good manufacturing practices, the Food and Drug Administration …

FDA flags Dollar Tree for selling OTC drugs made by companies with ‘serious violations’Read More

Peloton jumps 9% on report of new rowing machine and cheaper treadmill

John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Peloton jumped nearly 9% before the closing bell Wednesday following …

Peloton jumps 9% on report of new rowing machine and cheaper treadmillRead More

Juul to cut 650 jobs, slash $1 billion in costs

Juul will cut 650 jobs, up from the previously planned 500 jobs, as it slashes nearly $1 billion in costs next year, a company official said Tuesday. The job cuts represent 16% of Juul’s 4,051 employees. The fast-growing start-up had been hiring about 300 employees a month. Juul will cut marketing spending as the company …

Juul to cut 650 jobs, slash $1 billion in costsRead More