Tag: street
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Alzheimer’s setback prompts rethink of Lilly, Biogen stock outlooks
By Lewis Krauskopf NEW YORK (Reuters) – Eli Lilly & Co’s massive setback for its experimental Alzheimer’s disease treatment on Wednesday sent investors scrambling to re-evaluate shares of the U.S. drugmaker and those of companies making competing therapies, including biotech stalwart Biogen Inc. Lilly shares tumbled 10.5 percent, and fell to their lowest point in…
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Residents Shelter in Place After Chemical Spill in Kansas
Residents of Atchinson County, Kansas, were told to shelter in place this morning after a chemical spill in the area forced evacuations and sent several individuals to the hospital. The spill, which happened shortly after 8 a.m. local time, covers a 4-block radius near Main Street, according to officials from the Atchinson County Emergency Management…
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Residents Shelter in Place After Chemical Spill in Kansas
Residents of Atchinson County, Kansas, were told to shelter in place this morning after a chemical spill in the area forced evacuations and sent several individuals to the hospital. The spill, which happened shortly after 8 a.m. local time, covers a 4-block radius near Main Street, according to officials from the Atchinson County Emergency Management…
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UnitedHealth sees more growth in 2017 when it exits Obamacare
The company said losses in that business were within expectations in the third quarter, news that boosted the recently weak shares of competitors like Anthem Inc , which plan to stay in those markets next year. Shares of UnitedHealth, which beat Wall Street third-quarter earnings estimates, raised its full-year outlook and signaled 2017 earnings could…
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U.S. drugmaker Biogen’s profit beats Street; CEO to leave
(Reuters) – Biogen Inc's quarterly adjusted profit blew past Wall Street estimates on higher sales of its multiple sclerosis drugs, and the company said Chief Executive George Scangos would leave in the coming months. Shares of the company, whose board also authorized a $5 billion share repurchase program, rose about 5 percent to $276 in…
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Dodd, Frank blast ruling that MetLife not too big to fail
(Reuters) – A federal court's striking down of the government's designation of insurer MetLife Inc as “too-big-to-fail” could undermine efforts to head off another financial crisis, authors of the landmark Dodd-Frank Wall Street reform law said.
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Dodd, Frank blast ruling that MetLife not too big to fail
(Reuters) – A federal court's striking down of the government's designation of insurer MetLife Inc as “too-big-to-fail” could undermine efforts to head off another financial crisis, authors of the landmark Dodd-Frank Wall Street reform law said.
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White House threatens to veto Republicans’ Zika funding plan
By Roberta Rampton and Susan Cornwell WASHINGTON (Reuters) – The White House on Thursday threatened to veto the $1.1 billion approved by the U.S. House of Representatives to fight the Zika virus, blasting the measure for short-changing the administration's $1.9 billion funding request. The Republican-controlled House approved the funding deal early Thursday morning after reaching…
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Theranos lab poses ‘jeopardy to patient health’: regulator
(Reuters) – Deficient practices at a lab operated by blood-testing startup Theranos pose “immediate jeopardy to patient health and safety,” the U.S. government’s Centers for Medicare & Medicaid Services said in a letter to the company released on Wednesday. Theranos, founded and led by Elizabeth Holmes, has been in the spotlight after reports in the…