Health Care

Profits jump 25 percent at Germany's Siemens

Siemens AG, the German maker of gas turbines, trains and medical machines, says net income rose 25 percent to 1.93 billion euros ($2.06 billion) for its most recent quarter.

Pfizer misses 4Q profit forecasts

Pfizer Inc. (PFE) on Tuesday reported fourth-quarter net income of $775 million, after reporting a loss in the same period a year earlier.

Trump Pushes Drugmakers for Lower Prices, More U.S. Production

U.S. President Donald Trump on Tuesday called on the pharmaceutical industry to boost U.S. production and lower prices, while also vowing to speed up approval times for new medicines and appoint a new U.S. Food and Drug Administration leader soon.

Pfizer Quarterly Profit Misses Estimates

Pfizer, which closed its $14 billion acquisition of Medivation in September, reported a lower-than-expected profit, hit by lower demand for products set to go off patent.

Pfizer 4Q Profit Misses Estimates

Pfizer, which closed its $14 billion acquisition of Medivation in September, reported a lower-than-expected profit, hit by lower demand for products set to go off patent.

Aetna's Quarterly Profit Beats Estimates

Health insurer Aetna, whose $34 billion deal for Humana was blocked last week, reported a higher-than-expected quarterly profit on Tuesday, helped by higher premiums for its plans.

Colgate-Palmolive 4Q Revenue Falls Short

Colgate-Palmolive reported an adjusted 4Q profit of $0.75 per share, topping, missing the estimate for $0.75. Revenue for the company came in at $3.72 billion, missing the estimate for $3.86 billion

2 convicted of $8.9 Medicare scam in 4 Gulf Coast states

Federal prosecutors say two owners of psychological service companies have been convicted of an $8.9 million fraud scheme that billed Medicare for unnecessary or nonexistent tests on nursing home patients in four Gulf Coast states.

J&J to buy Swiss biopharma firm Actelion for $30 billion

Johnson & Johnson is buying Swiss biopharmaceutical company Actelion Ltd. for about $30 billion, handing the U.S.-based health care products giant a chance to boost its presence in innovative biotech treatments.