Text size BridgeBio stock is soaring Monday. Dreamstime BridgeBio Pharma stock was soaring after the biopharmaceutical company reported positive results in a Phase two clinical trial for an experimental treatment for achondroplasia, the most common type of short-limbed dwarfism. On Monday, BridgeBio (ticker: BBIO) said in a news release that its experimental drug Infigratinib showed … Read more
Companies offering coverage for gender-affirming health care in Florida may soon find themselves responsible for the total costs of an employee’s detransition care under a new state Senate bill filed this week. Florida’s proposed “Reverse Woke Act,” introduced Monday by Republican state Sen. Blaise Ingoglia, would require businesses that cover gender-affirming medical care to be financially responsible … Read more
Text size Airbnb posted its first-ever annual profit. Gabby Jones/Bloomberg Stock futures pointed modestly lower Wednesday as Wall Street continued to digest the latest U.S. inflation data and what a higher-than-expected increase in prices means for the path of interest rates. These stocks were poised to make moves Wednesday: Tripadvisor (ticker: TRIP) was up 9.9% after … Read more
Text size GE CEO Larry Culp has overseen a lot of change since he took over in 2018. Christopher Goodney/Bloomberg There is a lot going on at General Electric . Businesses are being spun out, laws are changing, and economies are slowing down while costs are on the rise. CEO Larry Culp appears to have … Read more
The U.S. stock market, as measured by the S&P 500 Index SPX, -0.73%, had finally broken out over triple resistance at 4100, on Feb. 1. But the S&P 500 has had trouble adding to that breakout. Instead, the market has pulled back and retested what is now support at 4100 numerous times this week. So … Read more
Published on January 5, 2023 Your last chance to enroll in, renew, or change your Marketplace health coverage for 2023 is almost here. The deadline is January 15. Review, update, & compare, even if you want to keep your plan If you had Marketplace coverage in 2022, review … Read more
Nonprofit hospitals and ambulatory health care services are seeing a slight improvement with longstanding staffing shortages, according to new research, though the industry is still dealing with high rates of workers leaving the field. A report released Tuesday from Fitch Ratings found that the unemployment rate in hospitals went from 1.8 percent in October to 1.3 … Read more
To start 2023, investors will have a choice to invest in a brand new $18 billion company with some 50,000 energized employees and a plan to create shareholder value. To close out 2022, that company—GE HealthCare—is on the road, introducing itself to investors. With each new detail that emerges investors get a better sense of … Read more
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Toward the end of 2020, on a work trip to Chocó, Colombia, Jaime Aguirre came across a girl—perhaps 11 or 12 years old—holding a newborn. “Is this your baby?” Aguirre asked. Yes, she said. He was shocked. “Can I ask you—sorry—why did you get pregnant so young?” “My boyfriend at the time told me that … Read more