Investors are concerned about the fates of multiple experimental drugs for hard-to-treat diseases following a string of recent rejections from the U.S. Food and Drug Administration. The FDA in the past year has denied or discouraged the applications of at least eight drugs, according to RTW Investments, including a gene therapy for Huntington’s disease from…
We are buying 90 shares of Cardinal Health at roughly $217. Following the trade, Jim Cramer’s Charitable Trust will own 350 shares of Cardinal, increasing its weighing to about 2% from 1.46%. We may have started a new position in Cardinal Health too early this week, but the silver lining is that the stock’s drop…
Eli Lilly on Thursday launched a new program designed to help more employers cover obesity drugs in the U.S., targeting a major barrier to access for patients. Lilly and its chief rival, Novo Nordisk, have moved to slash the cash prices of their popular obesity injections for those who want to pay entirely out-of-pocket. But…
As NFL quarterback Boomer Esiason was about to step onto the practice field for the New York Jets in 1993, shortly after being traded to the team, he was quickly pulled off to take an urgent phone call from his wife, Cheryl. Their two-year-old son, Gunnar, had been rushed to Cincinnati Children’s Hospital. Shortly thereafter,…
Jim Cramer on Tuesday morning explained why the Investing Club is trying to strike a delicate balance with its moves during the stock market fallout from the Iran war. “Those who flee in moments like this can never get back in,” Jim stressed during the Morning Meeting, as Wall Street sold off sharply on the…
Jim Cramer’s advice for investors navigating fallout from the U.S.-Israeli attack on Iran: Be selective. With stocks initially selling off (but way off their lows in late morning trading; stay tuned) and oil spiking on supply-disruption fears, Jim sees moves to make on the first Wall Street trading day since the conflict began. But, at…
Novo Nordisk is investing 432 million euros ($506 million) in a facility in Ireland as it expands its production capacities to make the newly launched Wegovy pill, the Danish drugmaker said Monday. The news comes about two months after Novo launched its blockbuster weight loss drug Wegovy in pill form in the U.S. market, in…
Two of the largest U.S. gym operators delivered the same headline in their latest earnings reports: strong growth. But beneath the surface, Life Time Group Holdings and Planet Fitness told very different stories about the American consumer. They highlighted a widening divide between higher-income households that continue to spend freely and more price-sensitive consumers who…
We added a new Bullpen name during Friday’s Monthly Meeting, and it has minimal economic sensitivity and faces little to no artificial intelligence disruption risk. It’s Cardinal Health , a company that is the backbone of the U.S. health-care industry. The Bullpen is our watchlist of stocks that we want to consider buying for Jim…
An attendee holds a Make America Healthy Again (MAHA) Moms sign at the end of a press conference announcing of the U.S. Food and Drug Administration’s (FDA) intent to phase out the use of petroleum-based synthetic dyes in the nation’s food supply, at the Department of Health and Human Services in Washington, D.C., U.S., April…