Health Care

Top ObamaCare Insurer Ousts CEO as Marketplace Burdens Weigh

Molina Healthcare (MOH) ousted two of its top executives Tuesday, CEO Mario Molina and Chief Financial Officer John Molina, citing poor financial performance at the family-run business. Some of that negative performance is directly linked to ObamaCare.

Pfizer beats 1Q profit forecasts, but sales slip

Pfizer beat Wall Street expectations for first-quarter profit thanks to reduced spending on operations and legal costs, along with strong sales of key new drugs and longtime blockbuster pain treatment Lyrica.

Merck's 1Q Revenue Rises 1.3%

Merck & Co reported a better-than-expected quarterly profit, helped by higher gross margins, and the drugmaker also raised its revenue and profit forecasts for 2017.

CVS Health's 1Q Earnings Top Estimates

Drugstore chain and pharmacy benefits manager CVS Health reported a higher-than-expected quarterly profit, helped by demand for high-margin specialty pharmacy services.

Pfizer's 1Q Profit Rises 2.7%

Pfizer, the largest U.S. drugmaker, reported a bigger-than-expected quarterly profit, helped by higher sales of breast cancer drug Ibrance and pain relief drug Lyrica.