Latest Pharmaceutical manufacturing News

This Oct. 21, 2019, photo shows Johnson's Baby Aloe & Vitamin E Powder in Salt Lake City. Johnson & Johnson reports financial results Wednesday, Jan. 22, 2020. (AP Photo/Rick Bowmer)

Johnson & Johnson posts higher sales, big 4Q profit jump

Jan. 22, 2020 10:46 AM EST

Higher prescription drug sales and lower legal costs drove Johnson & Johnson's fourth-quarter profit 32% higher. The world's biggest maker of health care products on Wednesday reported net income of $4.01 billion, or $1.50 per share. That's up from $3.04 billion, or $1.12, a year earlier. Adjusted earnings...

President Donald Trump delivers the opening remarks at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos. (AP Photo/ Evan Vucci)

Trump in Davos: Talking up economy, brushing off impeachment

Jan. 21, 2020 5:38 PM EST

DAVOS, Switzerland (AP) — President Donald Trump looked past the impeachment drama unfolding in Washington on Tuesday, turning his speech at an economic forum in the Swiss Alps into an unabashed sales pitch for the “blue-collar boom” in the U.S. economy that he says took place on his watch....

French President Emmanuel Macron delivers a speech as he visits a plant of British-Swedish pharmaceutical group Astrazeneca in Dunkirk, northern France, Monday, Jan. 20, 2020. French President Emmanuel Macron is hosting 180 international business leaders later today at the Palace of Versailles in a bid to promote France's economic attractiveness despite over six weeks of crippling strikes over his government's planned pension changes.(Denis Charlet/Pool Photo via AP)

France's Macron tells global CEOs: we're open for business

Jan. 20, 2020 10:01 AM EST

PARIS (AP) — France's president is taking on the role of salesman in chief for his strike-battered country. Emmanuel Macron used the splendor of the Palace of Versailles to woo international business leaders on Monday, insisting that his reforms are attracting investors despite six weeks of crippling...

California Gov. Gavin Newsom gestures toward a chart showing the growth of the state's rainy day fund as he discusses his proposed 2020-2021 state budget during a news conference in Sacramento, Calif., Friday, Jan. 10, 2020.. (AP Photo/Rich Pedroncelli)

California budget plan aids teachers, those in US illegally

Jan. 10, 2020 8:54 PM EST

SACRAMENTO, Calif. (AP) — California's governor revealed a spending plan on Friday that puts a new tax on vaping, gives $20,000 to teachers who commit to working in high-needs schools and gives taxpayer-funded health benefits to older adults living in the country illegally. Gov. Gavin Newsom's $222 billion...

Grubhub, Six Flags fall, Nektar, Infosys rise

Jan. 10, 2020 4:17 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Grubhub Inc., down $3.35 at $52.38. The meal delivery company denied reports that it was considering a plan to sell the company. Nektar Therapeutics, up $5.33 at $26.92. The pharmaceutical company is expanding a partnership with...

FILE - In this July 23, 2019, file photo, Gov. Gavin Newsom talks to reporters at his Capitol office, in Sacramento, Calif. California could become the first state with its own prescription drug label. Newsom announced Thursday, Jan. 9, 2020, he wants California to contract with generic drug companies to make prescription medications on behalf of the state so it can sell them to the public. He said the goal is to lower prices by increasing competition in the generic market. State lawmakers must approve the plan before it can take effect. (AP Photo/Rich Pedroncelli, File)

California could be 1st state to sell own prescription drugs

Jan. 9, 2020 8:40 PM EST

SACRAMENTO, Calif. (AP) — California could become the first state to make its own prescription drugs under a proposal announced Thursday by Gov. Gavin Newsom, who says it would “take the power out of the hands of greedy pharmaceutical companies." The Democratic governor wants the nation's most...

FILE - In this Dec. 24, 2019 photo, President Donald Trump speaks to members of the media following a Christmas Eve video teleconference with members of the military at his Mar-a-Lago estate in Palm Beach, Fla. As a candidate for the White House, Donald Trump repeatedly promised that he would “immediately” replace President Barack Obama’s health care law with a plan of his own that would provide “insurance for everybody.” Back then, Trump made it sound that his plan — “much less expensive and much better” than the Affordable Care Act — was imminent. And he put drug companies on notice that their pricing power no longer would be “politically protected.” Nearly three years after taking office, Americans still are waiting for Trump’s big reveal. (AP Photo/Andrew Harnik)

3 years in, no sign of Trump's replacement for Obamacare

Dec. 31, 2019 12:51 AM EST

WASHINGTON (AP) — As a candidate for the White House, Donald Trump repeatedly promised that he would “immediately” replace President Barack Obama’s health care law with a plan of his own that would provide “insurance for everybody.” Back then, Trump made it sound that his...

Uber, Lennar and Freeport-McMoRan rise

Dec. 24, 2019 2:12 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Uber Technologies Inc., up 11 cents to $30.44 News that ex-CEO Travis Kalanick is resigning from the ride-hailing company's board sent shares higher. Diamondback Energy Inc., up $1.15 to $90.18 The independent oil and gas...

Democratic presidential candidate South Bend Mayor Pete Buttigieg speaks during a Democratic presidential primary debate Thursday, Dec. 19, 2019, in Los Angeles. (AP Photo/Chris Carlson)

Buttigieg leads 2020 rivals in Wall Street contributions

Dec. 21, 2019 1:02 PM EST

WASHINGTON (AP) — The financial sector, blamed by progressives for spawning the 2008 economic collapse, is lining up behind Pete Buttigieg’s presidential campaign. The mayor of South Bend, Indiana, has collected more campaign cash from donors and political action committees tied to the financial,...

FILE - This June 15, 2018, file photo shows pharmaceuticals in North Andover, Mass. A revamped North American trade deal is nearing passage in Congress, giving both the White House and House Democrats cause to claim victory. There is relief, too, for farmers and businesses that wanted clearer rules governing the vast flow of goods among the United States, Canada and Mexico. But the pact left at least one surprising loser: The pharmaceutical industry, a near-invincible lobbying powerhouse in Washington. (AP Photo/Elise Amendola, File)

North America trade pact deals rare setback to Big Pharma

Dec. 19, 2019 4:44 PM EST

A revamped North American trade deal nearing passage in Congress gives both the White House and Democrats a chance to claim victory and offers farmers and businesses clearer rules governing the vast flow of goods among the United States, Canada and Mexico. But the pact leaves at least one surprising loser: the...