Latest Health care industry News
Lamb Weston, Tesla fall; Tenet Healthcare, Mattel rise; Wednesday, 7/24/2024
Stocks that traded heavily or had substantial price changes on Wednesday: Tesla Inc. (TSLA), down $30.39 to $215.99 The electric vehicle maker said its profit for the spring fell 45% from a year earlier. Alphabet Inc. (GOOGL), down $9.16 to $172.63 ...
Massachusetts Senate approved bill intended to strengthen health care system
BOSTON (AP) — The Massachusetts Senate approved a bill Thursday aimed in part at addressing some of the issues raised after Steward Health Care said it plans to sell off all its hospitals after announcing in May that it filed for bankruptcy protection. Democratic Sen. Cindy...
UnitedHealth sticks to 2024 outlook despite strong quarter with costs from massive cyberattack high
UnitedHealth topped second-quarter forecasts but remains cautious about the year as it continues to eat costs from a massive cyberattack and deals with rising medical expenses. The health care giant on Tuesday said it was sticking with an earnings forecast for 2024 it first laid out...
Can California’s health care providers help solve the state’s homelessness crisis?
When a shortfall of several hundred thousand dollars almost derailed new homeless housing in Bakersfield, the savior that swooped in to salvage the project wasn’t an affordable housing nonprofit, state housing grant or other traditional source. Instead, it was a health care company...
Apartment stocks topping most other REITs sectors as tough housing market spurs demand for rentals
LOS ANGELES (AP) — Stocks in companies that own apartment buildings are holding up better than most other real estate investment trusts, as a tough U.S. housing market keeps demand for rental housing healthy and tenant turnover low. The FTSE NAREIT Equity REITs index, which...
Panel rejects psychedelic drug MDMA as a PTSD treatment in possible setback for advocates
WASHINGTON (AP) — A first-of-a-kind proposal to begin using the mind-altering drug MDMA as a treatment for PTSD was roundly criticized Tuesday — a potentially major setback to psychedelic advocates who hope to win a landmark federal approval and bring the banned drugs into the medical...
The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit
GENEVA (AP) — Global public debt rose to a record $97 trillion last year, the United Nations reported Tuesday, with developing countries owing roughly one-third of that — crimping their ability to pay for basic government services like health care, education and climate action. ...
Hospital operator Steward Health Care files for bankruptcy protection
BOSTON (AP) — Hospital operator Steward Health Care filed for bankruptcy protection early Monday morning, but pledged to maintain the eight hospitals it operates in Massachusetts. In a press release, company officials said Steward took the step as a necessary measure to allow the...
