Federal Reserve Chairman Jerome Powell said before the U.S. Senate Tuesday that conflicting federal and state laws on the sale of marijuana and other cannabis products put bank supervisors in a “very difficult place.” Asked by Sen. Robert Menendez, D-N.J., about the Fed’s thoughts on the cannabis space, the leader of the U.S. central bank

Top executives from seven of the largest pharmaceutical companies are set to testify Tuesday before the Senate Finance Committee. The congressional hearing, called “Drug Pricing in America: A Prescription for Change, Part II,” sets up a potentially hostile showdown between Washington and drugmakers, who face the threat of legislative action after years of setting drug

The Cooneys walked into the office to hear their test results. Matt Cooney, a 79-year-old retired television sportscaster, was informed that his financial decision-making capacity was in jeopardy. Dobe Cooney admitted that her husband had lost track of their bills a few times lately. “We don’t leave the teeth in the refrigerator or anything like

Switching to Juul e-cigarettes reduces smokers’ risk to cigarette toxins at similar levels to quitting entirely, according to results from a clinical trial presented at a conference Saturday. Researchers found switching entirely to Juul reduced smokers’ exposure to biomarkers, or signals of exposure to cigarette smoking, 99.6 percent as much as abstaining entirely from cigarettes.

Americans spend more time traveling and waiting for health appointments than for any other service, including getting a driver’s license at motor vehicle agencies, according to a new study by health research firm Altarum. On average, Americans spent 34 minutes to traveling to doctor appointments and the 11 minutes waiting to be seen once they

Newly released court documents paint the clearest picture yet of what the joint health-care venture between Amazon, J.P. Morgan and Berkshire Hathaway is up to. The three companies created the still-unnamed, not-for-profit joint venture in January 2018. Since then, the venture, known as ABC, has named renowned surgeon, author and speaker Dr. Atul Gawande as

CVS Health wants to change. It wants it so bad it spent $70 billion on a health insurer. But old problems are challenging how quickly CVS can woo Wall Street. CVS in November closed its acquisition of Aetna, a transaction the company has touted as a truly transformational moment in its 56-year history. On Wednesday,

The Food and Drug Administration is discouraging people from being infused with young blood, a procedure that’s becoming increasingly common but hasn’t been proven to have medical benefits. The procedure works like it sounds. People are infused with blood plasma donated from young people. Some clinics claim the procedure works like a fountain of youth

Large light wooden beams hang from the ceiling with signs for the health services: optical, lab services, hearing, the “health corner” – where patients can make appointments, and pharmacy. The health services share one waiting room though they each have their own room. People can head to the health corner to speak with a Walgreens

Sam Jadallah, the former CEO of a smart lock company that shut down just over a year ago, has a new job: He’ll be leading the home initiatives at Apple, sources familiar with the matter told CNBC. Hiring Jadallah is the latest signal that Apple plans to get serious about its own efforts in the

The New York City Department of Health is planning to step up its campaign against restaurants that sell CBD-laced food and drinks by issuing violations “subject to fines” to companies that continue to offer the cannabis compound. Starting Oct. 1, 2019, the health department will begin doling out infractions to food service establishments for offering

Most CEOs would not balk at the idea of Apple buying their company. But Epic Systems CEO Judy Faulkner is not like most CEOs. In January, CNBC’s Jim Cramer suggested that Apple should consider buying Epic, one of the largest private health IT companies in the world. The move would help Apple convince customers and

This flu season so far hasn’t been as severe as last year, though activity is starting to pick up, the Centers for Disease Control and Prevention said Thursday. Fewer people have sought outpatient care or have been hospitalized for flu-like illnesses this season, the CDC said in a report summarizing flu activity from Sept. 30

Johnson & Johnson said Wednesday it would buy robotic surgery firm Auris Health for $3.4 billion in cash. The purchase gives J&J, one of the world’s largest maker of health products, an entry into robotics and builds on the company’s partnership with Alphabet’s Verily. “In this new era of health care, we’re aiming to simplify

More than 26 million people — more people than in all of Australia — have shared their DNA with one of the four leading ancestry and health databases, allowing researchers to extrapolate data on virtually all Americans and raising some serious privacy concerns, according to the MIT Technology Review. Consumers purchased the same number of

The Centers for Disease Control and Prevention is blaming nicotine vaping devices like Juul for single-handedly driving a spike in tobacco use among teens, threatening to erase years of progress curbing youth use. Over the course of a year, the number of high school students using tobacco products, which include e-cigarettes, increased by about 38

Chatbots that analyze users’ symptoms and offer advice are all the rage in Silicon Valley. But I had never actually used one — until Northern California-based hospital chain Sutter Health gave me early access to a new service they’ve developed with Ada Health, a European tech company that is bringing its symptom-checking software to the

Fitbit has recently introduced a new activity and sleep tracker. But unlike it’s previous devices, this one is only available if your health plan or employer is signed up with Fitbit. There was no splashy rollout for the new Fitbit Inspire — just a website with a few details, which some users spotted on their

Food and Drug Administration Commissioner Scott Gottlieb is upping the pressure on Juul and Marlboro-maker Altria, accusing executives of reneging on promises they made to help combat teen vaping in light of Altria’s $12.8 billion investment in the e-cigarette maker late last year. Gottlieb is calling the company’s CEOs to the agency’s headquarters to explain

Food and Drug Administration Commissioner Scott Gottlieb said he’s putting pharmacy chain Walgreens “on notice” for allegedly selling tobacco product to minors. The agency has already filed formal complaints seeking to block a Walgreens’ location in Miami and a Circle K Store in Charleston, South Carolina from selling cigarettes or cigars to minors for 30

New York City’s health department has ordered restaurants to stop adding CBD to food and drinks, threatening to thwart the budding trend. Bars, cafes and restaurants across the city have been increasingly adding CBD, short for cannabidiol, to cocktails, coffee and food. The compound, which comes from the cannabis plant, promises to deliver the calming

Starboard Value is “certainly interested in the story at Bristol-Myers,” Jeffrey Smith, co-founder and CEO of the activist hedge fund, told CNBC on Tuesday. However, Smith refused to comment on a weekend Bloomberg report about Starboard taking a stake in the embattled pharmaceutical giant, which last month agreed to buy troubled cancer drug company Celgene

The number of privately insured women seeking long-acting reversible contraceptives significantly increased in the 30 days following President Donald Trump’s election in 2016, according to a study published Monday. Harvard University researchers said a higher-than-expected number of American women ages 18 to 45 sought intrauterine devices and implants immediately after the election. The researchers, whose

Every year, tens of thousands of Americans wait in what they call “medical purgatory” for an organ transplant. In 2018 there were more than 36,529 organ transplants, a number that has risen by 20 percent over the last five years. However, there are far more sick patients waiting on the transplant list — about 114,000

Cigna CEO David Cordani doesn’t see the Trump administration’s new proposal to cut Medicare pharmacy benefit rebates as a threat to its growth, as it embarks on integrating its newly acquired PBM firm Express Scripts. “The proposed rebate rule will not have a meaningful impact on our growth or earnings trajectory,” Cordani told analysts, on

Alphabet’s life sciences arm, Verily, has been looking for partners to co-develop shoes with sensors embedded to monitor the wearer’s movement and weight, as well as to measure falls, CNBC has learned. Three people familiar with the project say that the Google sister company has in recent months shown a prototype of the design in

General Electric expects to sell off almost half of its health unit — substantially upping its original plans — as the struggling conglomerate looks to generate cash and reduce its massive debt, according to GE CEO Larry Culp. GE first announced its plan to spin off GE Healthcare, under the leadership of CEO Kieran Murphy,

Democratic leaders sent letters Wednesday to three major pharmaceutical companies asking for the “root causes” of rising insulin costs, the latest attempt by Democrats to tackle high health-care costs in the U.S. Energy and Commerce Committee Chairman Frank Pallone, Jr, D-Nj, and Oversight and Investigations Subcommittee Chair Diana DeGette, D-Co, sent letters to Eli Lilly,