We have a veritable banquet of should-study functions accompanying the brand new Fortune 500 list’s release (I’ve protected hyperlinks to numerous of them down underneath and could preserve to in the coming days). But I desired to highlight one specific story, penned by our personal veteran journalist Shawn Tully, at the fame of the combined CVS-Aetna behemoth.
CVS mega-cope with Aetna birthed a vertically included firm that its diverse executives have argued will simplify patient care by way of providing a “front door” of getting right of entry to medication at your friendly neighborhood drugstore. The multi-pronged approach could comprise insurer Aetna’s huge purchaser base into a retail pharmacy large that still occurs to manipulate its very own pharmacy advantages commercial enterprise and a slew of walk-in clinics for number one care.
It’s a thrilling—and bold—proposition. But those are the types of tasks which could make the effort to provide veritable results.
“The $70 billion mergers with Aetna made CVS the sector’s biggest health care enterprise, with projected sales of $250 billion in 2019. But up to now, it hasn’t paid off,” writes Shawn. “In the first zone of 2019, the new CVS published earnings one-third decrease than the quantity the two corporations had earned one at a time a year in advance. An integration plan targeting $750 million in financial savings should assist lift profitability.” He goes directly to be aware of less-than-enthusiastic reactions from the wider investor marketplace.
Of route, there’s plenty more to this sort of corporate marriage than immediate profitability or market price growth; in health care, things take time. But I inspire you to study Shawn’s deeply suggested and insightful piece on one of the most superb fitness care M&As in current records.
Read on for the day’s news, and feature an exceptional weekend.
Is social media playing a function in women’ suicide spike? A new take a look at published in the journal JAMA Open Network on Friday reveals that the suicide price amongst young humans of both organic sexes has improved given that 2007—and at the same time as suicide has a tendency to afflict boys at a higher price, the largest surge has been amongst young girls elderly 10 to 14 in recent years. The research has led a few experts to induce deeper exploration of social media’s capacity function inside the trend. “The fact that social media has come to be a number one discussion board for interpersonal engagement in adolescence, a developmental duration while social touch is unexpectedly rising and turning into increasingly more important to properly-being, makes this a place of amazing capability have an effect on and importance,” wrote Joan Luby, of Washington University School of Medicine, and Sarah Kertz, of Southern Illinois University, in an accompanying opinion piece. (Fortune)
AbbVie faces setback for mind most cancers drug hopeful. Glioblastoma, many of the maximum intractable of cancers, has felled yet any other drug hopeful. This time, the sufferer is biotech large AbbVie’s depatuxizumab mandolin, or ABT-414, which failed to expose any survival benefit towards the aggressive brain most cancers in a late-degree examine. The fact that a brain most cancers drug proved disappointing is unsurprising; however, for AbbVie, that is yet another knock to the company’s experimental most cancers drug pipeline, which has produced a number of past due-level failures consisting of the treatment Rova-T.
THE BIG PICTURE
Missouri piles on with restrictive abortion bill. Mere days after Alabama enacted the maximum restrictive anti-abortion regulation within u . S ., Missouri lawmakers observed up by means of passing a law that would ban abortions after the 8 weeks of being pregnant (properly before most girls recognize they’re pregnant). Missouri’s governor is expected to signal it into regulation. The difference among the 2 payments is that Missouri’s includes an exception for medical emergencies, which Alabama’s regulation does no longer. Abortion warring parties have brazenly admitted that such legal guidelines are supposed to be a conduit to ultimately hanging down Roe v. Wade on the Supreme Court. (Reuters)