Latest Medical technology News
Abbott Labs tops Q1 expectations, raises low end of 2024 guidance range
ABBOTT PARK, Illinois (AP) — Abbott Laboratories reported a first-quarter profit of $1.23 billion Wednesday. The company, based in Abbott Park, Illinois, posted net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 98 cents per share. ...
Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into the company’s performance. The health care giant also said Tuesday that care patterns in the year’s first quarter met its expectations after soaring...
Company that made millions of defective sleep apnea machines ordered to overhaul manufacturing
WASHINGTON (AP) — The company responsible for a global recall of sleep apnea machines will be barred from resuming production at U.S. facilities until it meets a number of safety requirements, under a long-awaited settlement announced Tuesday by federal officials. Philips will be...
Gov. Youngkin signs a measure backed by abortion-rights groups but vetoes others
RICHMOND, Va. (AP) — Republican Gov. Glenn Youngkin signed 88 bills Friday and vetoed 11 others, including legislation that advocates said would have helped protect women and medical practitioners from potential extraditions related to abortion services that are legal in Virginia. ...
Man convicted in decadeslong identity theft that led to his victim being jailed
William Woods was homeless and living in Los Angeles when he learned that someone was racking up debt using his name. But when he reported his concerns to the branch manager of a bank, he wound up spending nearly two years locked up, accused of identity theft himself. As he...
Newmont, Shockwave Medical rise; John Bean falls, Friday, 4/4/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Shockwave Medical Inc., up $6.35 to $326.34. Johnson & Johnson is buying the medical device company in a deal worth about $13.1 billion. Norfolk Southern Corp.,...
J&J to pump another $13B into its MedTech business with Shockwave deal
Johnson & Johnson is pumping more money into heart care with a roughly $13 billion deal for Shockwave Medical, which specializes in technology that helps open clogged arteries. The health care giant said Friday that it will spend $335 in cash for each share of Shockwave. The...
Beloved giraffe of South Dakota zoo euthanized after foot injury
SIOUX FALLS, S.D. (AP) — A beloved giraffe at a zoo in South Dakota has died. On Thursday, the Great Plains Zoo and Butterfly House & Aquarium in Sioux Falls announced the death of Chioke, an 18-year-old reticulated giraffe. He died March 28. “Following a...
AT&T, FedEx fall; Ballard Power, Semtech rise, Monday, 4/1/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: AT&T Inc., down 10 cents to $17.50. The telecommunications giant said it discovered a data breach impacting millions of current and former customers. Elanco...
A biased test kept thousands of Black people from getting a kidney transplant. It's finally changing
PHILADELPHIA (AP) — Jazmin Evans had been waiting for a new kidney for four years when her hospital revealed shocking news: She should have been put on the transplant list in 2015 instead of 2019 — and a racially biased organ test was to blame. As upsetting as that notification...
