BridgeBio Stock Surges on Dwarfism Drug Data. It’s Bad News for BioMarin.

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

Florida ‘Reverse Woke Act’ would make employers liable for detransition care

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

Tripadvisor, Airbnb, Trade Desk, Analog Devices, and More Market Movers

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

GE CEO Larry Culp Has a Message for Investors

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

Opinion: Bulls may be losing enthusiasm for stocks, but these 3 potential takeover plays could land in the money

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

Nonprofit hospitals’ staffing shortage easing: report 

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

GE HealthCare Is Going Independent. This Is Where the Stock Should Trade.

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

Coupa, Horizon Therapeutics, Under Armour, and More Stock Market Movers

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How the UN’s ‘Sex Agency’ Uses Tech to Save Mothers’ Lives

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