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J&J Revenue Up on Surge in Heart Procedures
Net earnings at the pharmaceutical company rose 6.9% to $5.14 billion, or $1.96 a share. Source link
Facing Big Storm Losses, Insurers Aim to Boost Rates
Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.
Tornado Damages Key Pfizer Drugmaking Plant
The plant in Rocky Mount, N.C., produces a quarter of the sterile injectable medicines used by U.S. hospitals. Source link
Investor Group Nears $125 Million Deal for CoinDesk
The syndicate is led by Matthew Roszak of Tally Capital and Peter Vessenes of Capital6. Source link
Walmart Cuts Walmart+ Subscription Price for SNAP, Social Security Recipients
The retailer will offer the subscription at half-price to people receiving food stamps or other types of government assistance in a bid to boost participation.
KKR Nears Deal for Specialty-Chemicals Maker Chase
The private-equity firm would pay roughly $1.3 billion in deal that could be reached Friday. Source link
Insurers Aim to Boost Rates
Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.
Home Sales Fall Amid High Mortgage Rates, Low Supply
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to a seasonally adjusted annual rate
Tesla's AI Hype Collides With Reality
Elon Musk leaned into perceptions of Tesla as a leader in artificial intelligence on Wednesday’s earnings call, but didn’t signal concrete progress on self-driving technology
Johnson & Johnson Rips Off the Kenvue Band-Aid
A surprisingly early distribution and a stretched valuation hit J&J’s consumer health arm hard. Source link