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FDA recently approved the first new kind of painkiller since 1998. The drug, called Journavx and made by Vertex Pharmaceuticals, is a non-opioid medication, and the company says it comes with “no evidence of addictive potential.” One downside? At $15.50 per pill, it’s not cheap, and it’s not clear yet how much insurers will cover.
CITE: https://tinyurl.com/2h47urt5
US stocks closed higher on Wednesday as investors weighed President Trump’s latest 25% tariff salvo and digested the Federal Reserve minutes for insight into future policy.
The benchmark S&P 500 (^GSPC) moved up about 0.2%, hitting a fresh record high of 6,144.15, after notching a record on Tuesday as well. The NASDAQ Composite (^IXIC) and the Dow Jones Industrial Average (^DJI) both rose about 0.1%.
Wednesday’s minutes from the Fed’s January meeting revealed most central bank officials supported holding policy at restrictive levels amid concerns about persistent inflation.
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Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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Filed under: Drugs and Pharma, Ethics, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, Information Technology, Investing, Marcinko Associates | Tagged: asia, DJIA, DOW, FDA, japan, Journavx, Marcinko, NASA, NASDAQ, non-opioid, opioid, S&P 500, Technology, textbooks, TNX, Vertex Pharmaceuticals, VIX | Leave a comment »
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