Stock market today: Wall Street sinks on rate worries as health care stocks and Tesla tumble

Stock market today: Wall Street sinks on rate worries as health care stocks and Tesla tumble

NEW YORK — U.S. stocks are sinking Tuesday, as worries about interest rates staying high continue to hit Wall Street. The S&P 500 was 1% lower in morning trading and on track for a second drop after setting an all-time high to close last week. The Dow Jones Industrial Average also pulled further from its … Read more

Mike Bloomberg pours $250M to open health care high school in Dallas – NBC 5 Dallas-Fort Worth

Mike Bloomberg pours $250M to open health care high school in Dallas – NBC 5 Dallas-Fort Worth

Billionaire Mike Bloomberg is investing $250 million to open 10 high schools across the country, including one in Dallas, focused on the healthcare industry. In North Texas, Baylor Scott & White Health and the public charter school system Uplift Education will collaborate to transform West Dallas’ Uplift Heights Preparatory into a healthcare-focused campus. They will … Read more

2024 expectations for Wegovy, Ozempic, Zepbound

2024 expectations for Wegovy, Ozempic, Zepbound

Demand for the drugs is unlikely to slow down in 2024, especially as treatments gradually become more accessible. Much of Wall Street believes the weight loss drug market will only expand, with some analysts projecting that it will be worth $100 billion by the end of the decade. Goldman Sachs analysts expect 15 million U.S. adults … Read more

How doctors are using Google’s new AI models for health care

How doctors are using Google’s new AI models for health care

Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters The MedLM suite includes a large and a medium-sized AI model, both built on Med-PaLM 2, a large language model trained on medical data that Google first … Read more

U.S. poised to approve breakthrough treatment

U.S. poised to approve breakthrough treatment

The U.S. Food and Drug Administration is expected to approve exa-cel gene-editing treatment for sickle cell disease. Exa-cel would be the first approved medicine in the U.S. to use CRISPR gene-editing technology. Vertex Pharmaceuticals and CRISPR Therapeutics co-developed the treatment, which could cost around $2 million per patient. At age 19, Joe Tsogbe underwent his … Read more

Amazon Once Inspired Fear in the Health-Care Industry. No Longer

Amazon Once Inspired Fear in the Health-Care Industry. No Longer

Amazon.com Inc.’s Prime membership program began with speedy shipping, then video streaming. The latest perk—discounted access to a virtual doctor—is being pitched as another win for customers: medical care delivered as seamlessly as tube socks and television shows. But it’s a capitulation of sorts. Having spent almost a decade and billions of dollars trying to … Read more

Prenuvo offers $2,500 full-body MRI scans that can detect cancer early

Prenuvo offers $2,500 full-body MRI scans that can detect cancer early

Thousands of people have paid $2,500 for full-body MRI scans from Prenuvo, whose technology can detect more than 500 conditions. The scans take about an hour and are reviewed by one of Prenuvo’s licensed radiologists. “When you’re catching stage one cancer, what you’re doing will save lives,” said Prenuvo CEO Andrew Lacy. Prenuvo MRI machine … Read more

Weight loss drugs Wegovy, Ozempic may be linked to stomach paralysis

Weight loss drugs Wegovy, Ozempic may be linked to stomach paralysis

Blockbuster weight loss and diabetes drugs like Wegovy and Ozempic may be associated with an increased risk of three rare, but severe, stomach conditions in non-diabetic patients, according to a new study released Thursday.  Researchers at the University of British Columbia said the risks include one condition not named in the warning labels for the … Read more

Google, DoD built an AI-powered microscope to help doctors spot cancer

Google, DoD built an AI-powered microscope to help doctors spot cancer

The Department of Defense has teamed up with Google to build an AI-powered microscope that can help doctors identify cancer. The tool is called an Augmented Reality Microscope, and it will usually cost health systems between $90,000 to $100,000. Experts believe the ARM will help support doctors in smaller labs as they battle with workforce … Read more

Weight loss drugs Wegovy, Ozempic tested to treat addiction, dementia

Weight loss drugs Wegovy, Ozempic tested to treat addiction, dementia

Scientists have begun investigating whether so-called miracle obesity drugs can be used to help treat conditions such as dementia and alcohol addiction. Recent trials have pointed to the drugs’ efficacy in curbing major cardiovascular events and reducing heart-failure related symptoms. The findings mark a milestone as pharmaceutical companies such as Novo Nordisk and Eli Lilly … Read more