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Big Pharma layoffs continue, as Bristol-Myers Squibb cuts 2,200 jobs, $1.5B in costs

By Alan Goforth

As Eli Lilly and Novo Nordisk are scrambling to meet demand for their popular weight-loss drugs, Bristol-Myers Squibb is the latest drugmaker to wield the restructuring ax, with plans to cut $1.5 billion in costs by the end of 2025.

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Ascension Healthcare cyberattack disrupting patient care

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Biden races clock, in recent weeks, to 'Trump-proof' health regulations

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May 09, 2024

Pfizer agrees to settle 10K Zantac lawsuits, as GSK trial links heartburn drug to cancer

The Pfizer settlements come as GSK, a previous Zantac manufacturer, defends itself in an ongoing trial, while Sanofi, which recalled the drug in 2019 over cancer claims, agreed to pay more than $100 million to resolve its Zantac cases.

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May 09, 2024

AI in hospitals: Patients now wear a chest 'button' to record vitals, assisting nurses

The BioButton, which attaches to the skin, has been used on more than 80,000 hospital patients nationwide in the past year, including those at Houston Methodist, which is the first hospital to use the AI tool to monitor patients.

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May 09, 2024

Social Security, Medicare funds will last until 2035, but Congress 'needs to act': Report

Due to low unemployment and rising wages, Medicare's trust fund for hospital expenses will see its reserves depleted in 2036, and Social Security's funds will pay full benefits until 2035, according to a new report.

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May 08, 2024

FTC, DOJ's new 'anti-merger' stance: How the feds will scrutinize health care in 2024

The health care industry has experienced significant consolidation in recent years, which has sparked concerns from the agencies that the consolidation has resulted in diminished choice, lower quality and increased health care costs.

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May 08, 2024

Student loan 'bailouts': 17 states file 2 lawsuits to block Biden's SAVE plan

Republican-led states have joined 1 of 2 lawsuits challenging the administration's Saving on a Valuable Education plan, which takes effect on July 1, unless the courts grant an injunction to prevent SAVE from being implemented.

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May 08, 2024

The best states for working moms in 2024

Massachusetts comes in second for child care, seventh for professional opportunities and first for work-life balance, according to the study.

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May 07, 2024

Steward Health Care files for Chapter 11 bankruptcy protection

Steward Health Care ultimately could be one of the largest hospital bankruptcies in U.S. history.

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Top News Stories

Big Pharma layoffs continue, as Bristol-Myers Squibb cuts 2,200 jobs, $1.5B in costs

Ascension Healthcare cyberattack disrupting patient care

Biden races clock, in recent weeks, to 'Trump-proof' health regulations

Recommended Just For You

News Stories

Pfizer agrees to settle 10K Zantac lawsuits, as GSK trial links heartburn drug to cancer

AI in hospitals: Patients now wear a chest 'button' to record vitals, assisting nurses

Social Security, Medicare funds will last until 2035, but Congress 'needs to act': Report

FTC, DOJ's new 'anti-merger' stance: How the feds will scrutinize health care in 2024

Student loan 'bailouts': 17 states file 2 lawsuits to block Biden's SAVE plan

The best states for working moms in 2024

Steward Health Care files for Chapter 11 bankruptcy protection