A mystery tech billionaire has just purchased the most valuable life insurance policy ever. It's worth $201 million.» Read More
During his lunchtime keynote speech here at the JPMorgan Healthcare Conference JPM Chairman and CEO Jamie Dimon was asked to give his worst-case scenario for the economy. He said that'd be a 1982-type recession lasting about two years and with unemployment "North of 10 percent." Dimon said it would be "Irrational to not be prepared for that."
We haven’t heard that phrase since Lehman Brothers imploded. Wonder why.
Not surprisingly it was standing room only in the grand ballroom of the Westin St. Francis Hotel in San Francisco for the Roche presentation this morning at the JPMorgan Healthcare Conference.
I'm covering the 27th Annual JPMorgan Healthcare Conference in San Francisco where I suspect there will be a big crowd for the Roche presentation later this morning. It's being reported that the Swiss drugmaker may soon raise its bid for Genentech. I'll be shocked if Roche says much about it either in the formal presentation or breakout session. But I'll be there just in case.
The FDA giveth and the FDA taketh away. Yesterday the agency handed Merck a little bit of a break with what could be interpreted as an endorsement, of sorts. But then this morning the FDA issued another delay in deciding whether to approve the company's Gardasil vaccine.
Within about a 12-hour period, two healthcare companies have blamed the pullback in hospital spending for worse-than-anticipated financial results.
The 2008 Atlantic Hurricane Season produced eight hurricanes. Five of them were "major" storms, hitting Category 3 strength or higher. But none of those hurricanes hit Florida. That's good news both for residents of the state and for Warren Buffett, who lives roughly 1600 miles northwest of Miami.
Everyone needs health insurance, period. And everyone needs to be aware of the many forms of insurance fraud that exist.
Drug pricing pressure under a Democratic administration be darned. $75,000. That's not a salary figure. That's the price one biotech analyst says Vertex Pharmaceuticals and its partner Johnson & Johnson might be able to charge--possibly even more--for their Hepatitis C drug.
Insurance used to be a given. When a team signed a big guaranteed contract, they'd get it insured as much as they could. But times have changed. Last month, I was told that more and more baseball teams were passing up on insurance.
The best move you can make when and if you're let go may not be intuitive: geting and maintaining health insurance.
Flight insurance is a joke. Never buy it. Instead, spend your money where it can really protect your trip.
Losing your job should not mean losing your healthcare. Period.
The inside scoop on key moves you need to make should you find yourself on the company chopping block.
Lost your job? You're not alone. Here are the four ways to stay afloat in this awful market.
Market got you down? The situation might not be as bad as you think.
With gas cheaper, mortgage rates coming down and a winter of cheaper heating bills to possibly look forward to, there might be reason for some holiday cheer.
Hartford is seeing heavy options trading Friday, as its stock soars more than 88% even as the broader markets drop. Hartford Financial Services, which has an average daily call volume of 10,000 contracts, saw 37,100 calls trade in the first hour of trading this morning. That's three times full session volume in just 60 minutes!
That's what this first-of-a-kind product from UnitedHealth purports to do. But do you need it?
Earlier this week UBS pharmaceutical analyst Roopesh Patel put out a big 2009 sector outlook research note claiming, "So far, the global economic slowdown has had no noticeable impact — a) U.S. weekly and monthly U.S. prescription trends are stable; b) there also is no meaningfully cautionary commentary from any of the companies...." Well, he might have spoken too soon.