Health care industry

DOJ settles CityMD Covid fraud allegations for $12 million

Walgreens-backed CityMD will pay $12.04 million to settle Covid fraud allegations brought by the Department of Justice, the department announced…

Senate launches investigation into high prices of Ozempic and Wegovy in the U.S.

The U.S. Senate has launched an investigation into the high price of Novo Nordisk‘s popular weight loss and diabetes drugs…

Fed must get ‘more aggressive’ with rate cuts due to weakening jobs market, Canaccord’s chief market strategist says

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony…

Falling fertility rates pose major challenges for the global economy, report finds

Falling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for…

Megacap tech stocks dominate many ESG funds. Here’s why

The top holdings of many ESG funds may be surprisingly familiar. While these strategies consider a company’s environmental, social and…

Nvidia rally is fueling FOMO in the overall market, Evercore’s Julian Emanuel warns

Evercore ISI’s Julian Emanuel thinks Nvidia’s monster rally is fueling a fear of missing out in the market. He finds…

Defense Secretary Lloyd Austin hospitalized for bladder issue, transfers duties to deputy

Defense Secretary Lloyd Austin was taken back to the hospital on Sunday afternoon by his security detail for symptoms related…

Oil stocks share a bullish similarity with semis, but ‘no one cares,’ VanEck CEO says

Investors may want to consider putting money to work in a lagging part of the market. According to VanEck CEO…

Ad giant Publicis paying $350 million to settle U.S. opioid crisis claims

The health-care division of French ad giant Publicis agreed to pay $350 million to settle claims that its past marketing…