Health Care

Mylan sees 3Q loss due to settlement for EpiPen overcharges

Drugmaker Mylan Inc. swung to a third-quarter loss, mainly due to a big settlement for overcharging the federal government for its controversial EpiPen, the emergency allergy injector whose price Mylan has repeatedly jacked up.

Embattled Drugmaker Mylan's Earnings Disappoint

Generic drugmaker Mylan NV, which is under investigation and has faced harsh criticism over steep price increases for its EpiPen emergency allergy treatment, on Wednesday reported a third quarter loss due the cost of a proposed settlement with the U.S. department of Justice and other government agencies.

New Outback model merges luxury, typical Subaru performance

Subaru makes an upscale turn in its versatile 2017 Outback SUV with a new Touring model that includes every feature as standard equipment and adds an expensive-looking interior, so much so that the leather seats with ivory-colored contrast stitching would look at home inside a pricey Range Rover SUV.

Obamacare Architect: Unclear to Me What Trump's Alternative is

Repealing Obamacare was a key focal point of President-elect Donald Trump’s campaign during the 2016 presidential race. Now that Trump has been elected, Obamacare Architect Dr. Ezekiel Emanuel weighs in on the uncertain future of the Affordable Care Act.

CVS Cuts Profit Forecast, Shares Fall

Drugstore chain CVS Health cut its 2016 adjusted earnings forecast, citing slowing prescription growth and pharmacy network changes that will cause retail prescriptions to begin migrating out of its pharmacies this quarter.

Valeant's Revenue Falls, Cuts Forecast

Valeant Pharmaceuticals reported a smaller-than-expected quarterly adjusted profit and the company cut its full-year profit and revenue forecasts.

New recall headache for Samsung: 3M washing machines

In another black eye for one of the world's leading consumer brands, U.S. authorities announced a recall Friday of nearly 3 million Samsung washing machines following several reports of injuries — including a broken jaw — due to "excessive vibration." The recall comes a month after the South Korean manufacturer recalled millions of its Galaxy Note 7 smartphones from consumers around the world, because of a mysterious problem that caused the phones' batteries to overheat and catch fire.