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October 18, 2024
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CVS to replace CEO Karen Lynch with long-time executive David Joyner

Karen S. Lynch speaks during the 2023 Forbes Healthcare Summit at Jazz at Lincoln Center on December 04, 2023, in New York City. Taylor Hill | Getty Images Entertainment | Getty Images CVS Health on Friday named company veteran David Joyner as new CEO, succeeding Karen Lynch who stepped down from the helm of the […]

Health
October 17, 2024
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Teen tobacco use falls to 25-year low as fewer pick up e-cigarettes

In this photo illustration, ZYN nicotine cases and pouches are seen on a table on January 29, 2024 in New York City.  Michael M. Santiago | Getty Images Tobacco product use among middle and high school students has dropped to a 25-year low, the Centers for Disease Control and Prevention and the U.S. Food and […]

Health
October 16, 2024
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Embattled Abbott Labs comes through with a strong quarter, buyback announcement

Medical device maker Abbott Laboratories on Wednesday delivered better-than-expected quarterly results and upped its earnings guidance for the third straight quarter. Shares rose more than 1%, shaking off an initially subdued reaction. Revenue in the three months ended Sept. 30 rose 4.9% to $10.64 billion, topping estimates of $10.55 billion, according to data provider LSEG. […]

Health
October 15, 2024
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Walgreens says it will close 1,200 stores by 2027, as earnings top estimates

A sign sits in front of a Walgreens store on November 10, 2023 in Wheeling, Illinois.  Scott Olson | Getty Images Walgreens on Tuesday reported fiscal fourth-quarter sales and adjusted profit that beat Wall Street’s expectations, as the company slashes costs in an attempt to steer itself out of a rough spot. The retail drugstore […]

Health
October 15, 2024
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Eli Lilly to trial use of weight loss drugs to combat unemployment in UK

LONDON — U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K. The weight-loss treatment firm and creator of Zepbound announced Monday that it would commit £279 million ($364 million) to help tackle Britain’s significant health challenges — including obesity. […]