Apple CEO Tim Cook’s vision for health-care services has gotten a stamp of approval from a past chief of the tech giant. John Sculley, who helmed the company from 1983 to 1993, told CNBC on Thursday that Cook is “absolutely onto something” with his plans to inject Apple into the health-care space and that “it
Investors should lean on defensive stocks such as the health-care sector as Wall Street starts the year off positive, Charles Schwab chief strategist Liz Ann Sonders told CNBC on Wednesday. She said the S&P 500‘s 3 percent rally thus far in 2019 is “pretty decent” but said the odds of it being long-term are “relatively
Attendees at the annual J.P. Morgan Healthcare Conference, the industry’s largest annual event, unexpectedly got a taste of the government shutdown Tuesday. Food and Drug Administration Commissioner Scott Gottlieb’s keynote address was delivered via video conference from a meeting room in Washington, D.C. to thousands of investment bankers and health-care executives, and his audio cut
After announcing two major deals in December, GlaxoSmithKline CEO Emma Walmsley is optimistic about her efforts to transform Britain’s largest drugmaker. “I think we have tremendous opportunities to improve both operating performance and to get radical about reshaping our portfolio,” Walmsley told CNBC’s Jim Cramer on “Squawk Alley” on Monday. Walmsley took the helm of
Silicon Valley has spent years promising to disrupt the $3.5 trillion health-care industry. In 2018, venture investors — from the Bay Area, Boston and elsewhere — poured billions of dollars into the sector, funding start-ups that aim to bring down the costs of care while improving quality and access to the right providers. Some of
Since my company, Rock Health, began researching and tracking funding into the digital health space in 2011, we’ve reported steady growth nearly every year. 2018 was no different, with a massive $7.9 billion in venture filling start-ups’ coffers. But the signals we’re seeing — large, late-stage rounds at high valuations and shorter periods between early
An ambitious project to clean up a vast tide of ocean pollution has been sidelined. The project’s 2,000-foot-long screen — which was already failing to capture plastic while stationed more than 1,000 miles off the coast of California — broke apart just before New Year’s under the constant wind and waves of the Pacific Ocean.
Naya Health, the maker of a $1,000 breast pump that was supposed to be “revolutionary,” has shut its doors after the company was unable to find an investor or buyer. The start-up emailed its users on Wednesday about the decision and took down its website. The email was forwarded to CNBC. “We are sorry to
Health-care stocks did not just survive a volatile 2018. They thrived. The S&P 500 sector ended the year up 4 percent, the only positive area of the market, while components of the XLV health-care ETF such as Eli Lilly, Merck and Pfizer ended with double-digit gains. The party might not be over yet, the sector
A federal judge in Texas who recently declared the Affordable Care Act unconstitutional has stayed his ruling to allow for appeals. That means “Obamacare” remains in effect while litigation continues. In a ruling issued Sunday, Judge Reed O’Connor in Fort Worth wrote that he stands by his earlier conclusion that the entire law is invalidated
An Orlando clinic is using a $3 million grant from the U.S. Department of Defense to develop virtual reality (VR) technology for treating post-traumatic stress disorder (PTSD) in veterans and emergency services workers. The University of Florida’s RESTORES clinic has been testing VR therapy, which uses the tech to expose veterans to the scenes and
At the Mayo Clinic in Jacksonville, Florida, the liver transplant group is busy handling an onslaught of patients who have come from all over the country in hopes of a chance at life. For many, a liver transplant is their last hope, after being diagnosed with a deadly disease sweeping the nation at epic proportions.
The Food and Drug Administration is looking for “pathways” to legalize the sale of CBD oil and other cannabis-based compounds in food and beverages in a move that could remove one of the last remaining legal hurdles for companies hoping to sell such products across state lines. FDA Commissioner Scott Gottlieb outlined steps the agency
As an emergency room physician, Richard Zane often considers how software can help him their patients. The problem is that engineers and doctors are from different planets. Zane, who’s also the chief innovation officer at UCHealth in Colorado, said that most engineers he’s met have never seen the inner workings of a hospital and don’t
2018 was an important year for the booming health-technology sector. Start-ups in the space got record levels of funding from venture capitalists, and M&A activity finally picked up in the second half of the year. Also this past year, technology companies like Apple and Amazon explored opportunities to target their products to the medical sector,
Certain antibiotics can cause painful and sometimes fatal damage to the body’s main artery, the Food and Drug Administration said Thursday. Fluoroquinolone antibiotics might raise the risk of an aortic dissection, and people who are already at risk should be cautious about taking those antibiotics, the FDA said. “A U.S. Food and Drug Administration (FDA)
It’s getting harder to be a cigarette company. Altria knows that. Altria shelled out $14.6 billion to take large stakes in companies outside its traditional hold in cigarettes over the past two weeks — a 45 percent share of cannabis company Cronos and 35 percent stake in e-cigarette maker Juul. The latter, which valued Juul
The average American is getting shorter and fatter, and on the verge of matching the medical definition for obesity, according to a report this week from the Centers for Disease Control. The six new drugs to treat obesity set to release in the U.S. by 2026 can’t come soon enough. These weight-loss drugs could improve
Rates of adolescent depression and suicide are on the rise, and many parents and psychologists alike are linking this trend to the prevalence of smartphones and social media. According to a report by Influence Central, the average kid gets their first smartphone at age 10.3, and opens their first social media account by age 11.4.
Ketogenic dieting has become a favorite pastime of Silicon Valley techies who want to hack their bodies to improve energy levels and performance. The regimen involves eating foods that are high in fat and some protein, while keeping carbohydrates to a minimum. The goal of ketogenic diets is to get body to a state calld