Pharmaceutical giant Pfizer reported fourth-quarter earnings and revenue on Tuesday that beat Wall Street’s expectations but its guidance for 2019 disappointed investors. Shares of Pfizer fell more than 3 percent in premarket trading. Here’s how the company did compared with what Wall Street expected: Earnings: 64 cents per share vs. 63 cents per share forecast

Obesity should be tackled using a global treaty that shuts “Big Food” out of policy decisions, medical researchers said on Sunday. In a report published in “The Lancet” medical journal, the Lancet Commission on Obesity – comprised of 26 researchers from 14 countries – said there had been inadequate political leadership when it came to

Insulin is a life-saving drug for diabetics. Since 2002, the price has more than tripled and some diabetics can’t afford it. People have died rationing their doses, and some are turning to other countries to buy it at a cheaper price. Now, there’s a team of biohackers called the Open Insulin Project in Oakland, California

Eric Cahan and his business partners opened an art-filled cafe in Manhattan’s East Village on April 10, 2018. Ten days later, Mamacha created a CBD-laced drink to celebrate the marijuana holiday, 420. Suddenly there was a line out the door. Cahan and Mamacha’s other owners sensed an opportunity. They learned as much as they could

Walgreens Boots Alliance shareholders have instructed the company to explain how it’s monitoring and managing risks related to the opioid crisis, according to preliminary results announced Friday at Walgreens’ annual shareholder meeting. The measure requires Walgreens to prepare a report by June 30 detailing any changes the company has made to its corporate governance since

The United States will legalize marijuana at a federal level in 2019, according to the chief executive of a leading company in the industry. Kevin Murphy, of U.S.-based cannabis firm Acreage Holdings, said Thursday he believes that a key bill aimed at recognizing legalization of cannabis will be passed this year. The STATES Act, a

J.P. Morgan CEO Jamie Dimon renewed his criticism of health care in the U.S. on Wednesday, saying Americans have some of the “worst outcomes” despite having the best system in the world, he told CNBC’s “Squawk Box.” “With health care, we have the best in the world — doctors, hospitals, pharma, you name it —

Johnson & Johnson reported quarterly earnings and revenue that beat analysts’ expectations and gave its financial forecast for this year. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.97, adjusted, vs. $1.95 expected Revenue: $20.4 billion vs. $20.2 billion expected

Oxfam has urged governments to hike tax rates for corporations and the world’s richest to tackle the growing global wealth gap. In a report published Monday, the charity revealed that billionaire fortunes rose by $2.5 billion per day in 2018, increasing 12 percent for the year as the poorest half of the world saw its

The Food and Drug Administration is exploring ways to help wean teenagers off nicotine as huge numbers of middle and high school students use Juul and other e-cigarettes. The uptick in vape usage has undercut and even eclipsed progress in reducing cigarette smoking, FDA Commissioner Scott Gottlieb says. Federal data showed teen use of e-cigarettes

Many employers in the tech industry and beyond are looking to retain talent by offering some level of coverage for egg-greezing. These now include Apple, Alphabet, Microsoft, Yahoo and Uber, to name just a few. David Schlanger, the CEO of a company called Progyny which works with many of these large employers to help women

Food and Drug Administration Commissioner Scott Gottlieb warned on Friday that if the partial government shutdown persists, it will force the FDA to make “hard decisions” on preserving key functions of the agency. The FDA cannot accept any new funding during the shutdown, which entered its 28th day on Friday. That has forced the agency

Apple has been in talks with at least three private Medicare plans about subsidizing the Apple Watch for people over 65 to use as a health tracker, according to people familiar with the discussions. The insurers are exploring ways to subsidize the cost of the device for those who can’t afford the $279 price tag,

YouTube will clamp down on content that shows people engaging in dangerous activities or pranks that cause emotional distress. Google’s video sharing platform published guidelines on Tuesday to address a growing number of “dangerous” trends, including a recent spike in videos showing people attempting the “Bird Box challenge.” Inspired by the Netflix movie “Bird Box,”

UnitedHealth shares jumped 1 percent in premarket trading Tuesday after it reported fourth-quarter earnings that beat Wall Street’s expectations, helped by growth in its services business. Here’s UnitedHealth’s results vs. what Wall Street expected: Earnings: $3.28 per share vs. $3.21 per share, forecast by Refinitiv. Revenue: $58.42 billion vs. $58.01 billion, forecast by Refinitiv. The

The first research research on Apple’s Health Records service has just been released and shows that users have a favorable view of its capabilities, though it hasn’t been widely adopted. Researchers at the University of California San Diego Health, one of the first health systems to integrate with Apple’s health service, spent a few months

Chinese telecom giant Huawei fired a sales director arrested in Poland on charges of conducting espionage on behalf of China, The Wall Street Journal reported on Saturday. Huawei, the world’s second largest maker of smartphones, further distanced itself from the employee, Wang Weijing, by issuing a statement that he had brought the company into “disrepute.”

Tilray popped more than 20 percent Friday after its largest shareholder, a private equity fund backed by Peter Thiel, said it will not sell any of its remaining stake following the expiration of the marijuana grower’s IPO lock-up period next week. “Privateer Holdings strongly believes in Tilray’s long-term global growth strategy and pioneering role in

Apple CEO Tim Cook’s vision for health-care services has gotten a stamp of approval from a past chief of the tech giant. John Sculley, who helmed the company from 1983 to 1993, told CNBC on Thursday that Cook is “absolutely onto something” with his plans to inject Apple into the health-care space and that “it

Investors should lean on defensive stocks such as the health-care sector as Wall Street starts the year off positive, Charles Schwab chief strategist Liz Ann Sonders told CNBC on Wednesday. She said the S&P 500‘s 3 percent rally thus far in 2019 is “pretty decent” but said the odds of it being long-term are “relatively

Attendees at the annual J.P. Morgan Healthcare Conference, the industry’s largest annual event, unexpectedly got a taste of the government shutdown Tuesday. Food and Drug Administration Commissioner Scott Gottlieb’s keynote address was delivered via video conference from a meeting room in Washington, D.C. to thousands of investment bankers and health-care executives, and his audio cut

Deal-making activity in the rapidly growing health-care sector is expected to rebound in 2019, a law firm said in a report Monday, but heavier regulation and political uncertainty cloud the future of mergers and acquisitions. Health care is an increasingly important part of the global economy as populations in a number of advanced economies such

The Willow breast pump was one of the most talked about products at CES in 2017, since it was unlike any device of its kind. It’s a wearable, quiet and hands free breast pump that fits inside your bra. The company has just unveiled the Willow 2.0 at CES, which is an updated and improved

Since my company, Rock Health, began researching and tracking funding into the digital health space in 2011, we’ve reported steady growth nearly every year. 2018 was no different, with a massive $7.9 billion in venture filling start-ups’ coffers. But the signals we’re seeing — large, late-stage rounds at high valuations and shorter periods between early

An ambitious project to clean up a vast tide of ocean pollution has been sidelined. The project’s 2,000-foot-long screen — which was already failing to capture plastic while stationed more than 1,000 miles off the coast of California — broke apart just before New Year’s under the constant wind and waves of the Pacific Ocean.

Verily, the life sciences arm of Alphabet, raised $1 billion in fresh capital in a funding round led by private equity firm Silver Lake. Alphabet Chief Financial Officer Ruth Porat is also joining Verily’s board along with Egon Durban from Silver Lake, according to a statement on Thursday. The announcement comes two years after Verily

Health-care stocks did not just survive a volatile 2018. They thrived. The S&P 500 sector ended the year up 4 percent, the only positive area of the market, while components of the XLV health-care ETF such as Eli Lilly, Merck and Pfizer ended with double-digit gains. The party might not be over yet, the sector

A federal judge in Texas who recently declared the Affordable Care Act unconstitutional has stayed his ruling to allow for appeals. That means “Obamacare” remains in effect while litigation continues. In a ruling issued Sunday, Judge Reed O’Connor in Fort Worth wrote that he stands by his earlier conclusion that the entire law is invalidated