Karuna Therapeutics surges 47% after Bristol Myers Squibb announces $14 billion deal

Karuna Therapeutics surges 47% after Bristol Myers Squibb announces $14 billion deal

Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock closed up more than 47% on the news Friday, hitting $317.85 a share. Bristol Myers Squibb shares closed up 2%. The deal will help expand Bristol Myers’ drug pipeline after…

Are COVID-19 symptoms still the same? What to know about this winter’s JN.1 wave

Are COVID-19 symptoms still the same? What to know about this winter’s JN.1 wave

Reports of respiratory illness have now reached “high” or “very high” levels across at least 16 state or big city health departments, the Centers for Disease Control and Prevention said, as trends of COVID-19 and influenza have accelerated in many parts of the country. And while a fast-growing new COVID variant called JN.1 is estimated…

Here are the big health sector themes to watch next year

Here are the big health sector themes to watch next year

An employee works on the production line of pharmaceutical company Zentiva in Prague, Czech Republic, May 6, 2021. David W. Cerny | Reuters The health-care sector has wiped out much of its losses for the year during the December market rally. Beaten-down biotech and medical device makers have seen the biggest rebound this month, and…

Asia’s year in review: Who had it good — and who had it bad — in 2023

Asia’s year in review: Who had it good — and who had it bad — in 2023

Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. Collazo is an analyst focusing on the Indo-Pacific region. Follow them on X at @CurtisSChin and @JoseBCollazo. As 2023 comes to a close, we take a look at the year that was in…

Woman’s waist size may be contributing factor to infertility, study says

Woman’s waist size may be contributing factor to infertility, study says

Woman’s waist size may be contributing factor to infertility, study says Woman’s waist size may be contributing factor to infertility, study says 00:53 BOSTON – One in four couples struggle with infertility and a new study finds that a woman’s waist size may be a contributing factor. A team in China studied more than 3,000…

CDC director says U.S. isn’t yet near peak Covid or flu levels for the season

CDC director says U.S. isn’t yet near peak Covid or flu levels for the season

Winter officially begins Thursday, and with the cold season comes an expected rise in rates of flu and Covid, said Dr. Mandy Cohen, the director of the Centers for Disease Control and Prevention. The U.S. is seeing a “sharp increase” in flu levels right now, particularly in the south, Cohen said Wednesday in an interview….

Singapore’s latest Covid spike may be peaking, but don’t stop vaccinating, health minister says

Singapore’s latest Covid spike may be peaking, but don’t stop vaccinating, health minister says

SINGAPORE — Singapore’s latest spike in Covid cases may be starting to peak — but the public needs to stay up to date on vaccinations, Health Minister Ong Ye Kung told CNBC on Thursday. Singapore reported 56,043 Covid cases in the week of Dec. 3 to 9, marking a 75% surge compared to the week…