AmerisourceBergen Corporation found using ticker (ABC) now have 12 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 188 and 150 calculating the average target price we see 170.75. With the stocks previous close at 139.27 this would indicate that there is a potential upside of 22.6%. The 50 day MA is 144.36 and the 200 day moving average is 140.67. The market cap for the company is $29,288m. You can visit the company''s website by visiting: https://www.amerisourcebergen.com [stock_market_widget type="chart" template="basic" color="green" assets="ABC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $35,908m based on the market concensus. AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers.
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Tennessee’s attorney general said Wednesday he has sued Walgreens, accusing the drugstore chain of contributing to the state’s opioid crisis by failing to maintain effective controls against the abuse of prescription pain pills. The lawsuit seeking unspecified civil penalties was filed in Knox County Circuit Court by Attorney General Herbert H. Slatery III and alleges violations of Tennessee’s Consumer Protection Act. The lawsuit said that between 2006 and 2020, Walgreens retail stores in Tennessee dispensed more than 1.1 billion oxycodone and hydrocodone pills. One pharmacy alone in Jamestown dispensed enough opioids over that period to supply each resident with 2,104 pills. “Walgreens did not flood the State of Tennessee with opioids by accident,” Slatery said in a statement. “Rather, the fuel that Walgreens added to the fire of the opioid epidemic was the result of knowing — or willfully ignorant — corporate decisions. Walgreens ignored numerous red flags and failed to detect and prevent the abuse and diversion of dangerous narcotics.” Walgreens did not offer immediate comment Wednesday.
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AmerisourceBergen Corp''s (NYSE: ABC ) Q3 FY22 adjusted EPS reached $2.62 , up 21.3% Y/Y, beating the consensus of $2.57. Revenue of $60.1 billion increased by 12.5% Y/Y, beating the analyst consensus of $59.03 billion, reflecting a 120.3% increase in revenue within International Healthcare Solutions, primarily driven by the June 2021 acquisition of Alliance … Full story available on Benzinga.com
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Amerisourcebergen Corp (NYSE:NYSE:ABC) Q3 2022 Earnings Conference Call August 03, 2022, 08:30 ET Company Participants Bennett Murphy - SVP, IR Steven Collis - Chairman, President & CEO…
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AmerisourceBergen Corp. (ABC) on Wednesday reported that net income attributable to the company for the third quarter surged to $406.96 million or $1.92 per share from $292.12 million or $1.40 per share in the prior-year quarter.
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Ulta is just the latest corporate venture fund. The Home Depot, Chipotle, AmerisourceBergen and Booz Allen Hamilton also announced funds this year, bringing a total of $450 million to the table.
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Ulta is just the latest corporate venture fund. The Home Depot, Chipotle, AmerisourceBergen and Booz Allen Hamilton also announced funds this year, bringing a total of $450 million to the table.
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AmerisourceBergen (ABC) is scheduled to announce Q3 earnings results on Wednesday, August 3rd, before market open.The consensus EPS Estimate is $2.56 (+18.5% Y/Y) and the consensus…
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CHARLESTON, W.Va. (AP) — West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors, lawyers announced Monday. In a lawsuit in state court, the cities and counties accused the distributors of fueling the opioid epidemic. The companies are AmerisourceBergen, Cardinal Health and McKesson. The funds will be distributed over 12 years. “This is a monumental settlement for the state of West Virginia, and it’s been a battle that’s been waged by a lot of families, a lot of communities,” Wheeling attorney Bob Fitzsimmons told news outlets. “A lot of bad things have happened as a result of the opioid epidemic.” Fitzsimmons and Huntington attorney Paul Farrell Jr. said the individual counties and municipalities still must approve the settlement. Lauren Esposito, vice president of external and executive communications for AmerisourceBergen, said the settlement will avoid years of litigation and help get resources to areas affected by opioid misuse, as well as make sure health care facilities are able to access medications that patients and providers need, news outlets reported.
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Three leading drug distributors in the U.S., McKesson (MCK), AmerisourceBergen (ABC), and Cardinal Health (CAH), have struck a $400M settlement with West Virginia''s cities and counties…
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West Virginia’s cities and counties reached a $400 million settlement on Monday with drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc, resolving the local governments’ allegations that the three companies fueled an opioid crisis in the state. More than 100 local governments had sued the drug distributors, alleging they recklessly oversupplied West Virginia […]
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HARRISBURG, Pa. (AP) — A former opioid manufacturer has agreed in principle to pay up to $2.4 billion in a deal with a dozen states over its marketing and product safety practices, state attorneys general announced Friday. The company, Allergan, is now part of AbbVie but sold its generics division Actavis, including its opioid products, to Teva Pharmaceuticals six years ago. Under the settlement, payments will be made to state and local governments, Pennsylvania Attorney General Josh Shapiro said. The agreement means pharma companies have consented to pay more than $40 billion to settle opioid crisis claims regarding manufacturers and distributors, The Associated Press has found. The agreement came days after a similar, $4.3 billion agreement was reached with Teva Pharmaceuticals. A message seeking comment were left Friday with a corporate spokesperson for Teva. Shapiro said the settlement involved claims that Allergan, which produced Norco and Kadian brand generic opioids, downplayed the risk of addiction in marketing and did not act sufficiently to prevent the drugs from being improperly diverted. “No amount of money will bring back the lives we lost, but today’s agreement will help ensure we can fund the programs Pennsylvania counties need for our communities to recover from this crisis,” Shapiro said in a statement.
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AmerisourceBergen (NYSE: ABC ) has outperformed the market over the past 15 years by 6.21% on an annualized basis producing an average annual return of 13.0%. Currently, AmerisourceBergen has a market capitalization of $30.05 billion. Buying $1000 In ABC: If an … Full story available on Benzinga.com
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AmerisourceBergen Corporation found using ticker (ABC) have now 12 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 187 and 150 with a mean TP of 170.67. Now with the previous closing price of 142.14 this is indicating there is a potential upside of 20.1%. The day 50 moving average is 146.35 and the 200 day MA is 139.47. The market capitalisation for the company is $29,849m. You can visit the company''s website by visiting: https://www.amerisourcebergen.com [stock_market_widget type="chart" template="basic" color="green" assets="ABC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $35,840m based on the market concensus. AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers.
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https://www.investing.com/news/pro/amerisourcebergen-pt-raised-to-170-at-argus-432SI-2849541
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AmerisourceBergen Corporation found using ticker (ABC) now have 12 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 187 and 150 with a mean TP of 170.67. Given that the stocks previous close was at 139.53 this would indicate that there is a potential upside of 22.3%. The 50 day MA is 147.92 and the 200 moving average now moves to 138.92. The market cap for the company is $29,790m. Company Website: https://www.amerisourcebergen.com [stock_market_widget type="chart" template="basic" color="green" assets="ABC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $36,438m based on the market concensus. AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers.
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Sometimes Stocks Move Fast, and Amerisourcebergen ABC is no Exception
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SAN FRANCISCO (AP) — Opioid makers Allergan and Teva have agreed to pay $54 million in cash and overdose reversal drugs to settle a federal lawsuit brought by San Francisco alleging the drug industry fueled an overdose and addiction surge that created a public nuisance. City Attorney David Chiu made the announcement with closing arguments against the sole remaining defendant, Walgreens, scheduled to begin Tuesday. The lawsuit alleges that the pharmacy chain over-dispensed opioids without proper oversight and failed to identify and report suspicious orders as required by law. The agreement announced Tuesday calls for the two opioid manufacturers to pay San Francisco $34 million in cash and provide $20 million worth of the overdose reversal drug, Narcan. The San Francisco case is one of only a handful of government claims against companies over the opioid epidemic so far that have gone to trial. More cases have settled before trials. Earlier this year, the distribution companies AmerisourceBergen, Cardinal Health and McKesson plus drug maker Johnson & Johnson finalized nationwide settlements totaling $26 billion .
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Evercore ISI has downgraded AmerisourceBergen (ABC) to in line from outperform citing valuation, concern on future operating performance, and Walgreens Boots Alliance May sale of shares.
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AmerisourceBergen (NYSE: ABC ) has outperformed the market over the past 10 years by 2.61% on an annualized basis producing an average annual return of 13.54%. Currently, AmerisourceBergen has a market capitalization of $29.70 billion. Buying $1000 In ABC: If an … Full story available on Benzinga.com
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AmerisourceBergen Corporation with ticker code (ABC) now have 12 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 187 and 155 with a mean TP of 171.92. Now with the previous closing price of 140.79 this indicates there is a potential upside of 22.1%. The 50 day MA is 149.17 and the 200 day MA is 138.45. The company has a market capitalisation of $29,859m. Company Website: https://www.amerisourcebergen.com [stock_market_widget type="chart" template="basic" color="green" assets="ABC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $36,461m based on the market concensus. AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers.
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Doctors’ ‘good faith’ prescribing decisions drove volume of painkillers shipped to pharmacies, says district judge David Faber The US’s three largest pharmaceutical distributors were not responsible for fueling an opioid epidemic in a part of West Virginia , a federal judge ruled on Monday. District judge David Faber rejected efforts by the city of Huntington and Cabell County to force McKesson, AmerisourceBergen and Cardinal Health to pay $2.5bn to address a drug crisis prompted by a flood of addictive pills in their region. Continue reading…
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Reuters Norwegian Offshore Workers’ Strike To Hit Norway’s Oil & Gas Output Norwegian offshore oil and gas workers went on strike over pay after the members of the Lederne trade union voted down a proposed wage agreement that companies and union leaders had negotiated, Reuters reported. “The strike has begun,” Audun Ingvartsen, the leader of the Lederne trade union, said in an interview, adding that the union would escalate the strike to pressure employers to address demands for the wage increase. Equinor ASA (NYSE: EQNR ) has started to shut down the Gudrun, Oseberg South, and Oseberg East fields in the North Sea due to a strike. Pilot Strike Forces SAS To File For Chapter 11 Bankruptcy In US Scandinavian airline SAS AB (OTC: SASDY ) has filed for bankruptcy protection in the U.S. to help accelerate restructuring plans. Wage discussions between SAS and its pilots collapsed, sparking a strike that would add to travel disruption across Europe, Reuters reported. A strike by SAS pilots has accelerated the airline’s decision to file for Chapter 11 bankruptcy protection in the U.S., the report quoted the airline’s CEO, Anko van der Werff.
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CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--AmerisourceBergen Corporation (NYSE: ABC) today announced that it plans to release its results for the Third Quarter of Fiscal 2022 on Wednesday, August 3, 2022, prior to the opening of trading on the New York Stock Exchange. The Company will host a conference call to discuss the results at 8:30 a.m. ET on August 3, 2022. Participating in the conference call will be: Steven H. Collis, Chairman, President & Chief Executive Officer James F. Cleary, Executiv
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Oklahoma reached a $250M settlement with AmerisourceBergen (ABC), McKesson (MCK) and Cardinal (CAH) to resolve claims that the drug distributors fueled the opioid crisis."Money…
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Oklahoma Attorney General John O’Connor said on Monday his state reached a $250 million settlement with Amerisource Bergen Corp, Cardinal Health Inc and McKesson Corp to resolve allegations the drug distributors contributed to the opioid epidemic in the state. (Reporting by Tom Hals in Wilmington, Delaware)
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We''ve reached the tail end of earnings season. However, there are still a handful of notable stragglers left to report – including memory chipmaker Micron Technology ( MU , $58.71), slated on the earnings calendar to unveil its fiscal third-quarter results after the June 30 close. Micron, like so many of its fellow semiconductor stocks , has struggled on the charts in the first half of 2022, down 37% for the year-to-date. SEE MORE The 15 Best Stocks to Buy for the Rest of 2022 Still, MU remains a "top pick in semis" for UBS Global Research analyst Timothy Arcuri (Buy). "Amid macro concerns, we believe investors continue to overlook several key factors," Arcuri says. The analyst points to lower supply amid raw material shortages and a delay in equipment lead times, as well as demand that will be buoyed by a ramp up in new cloud server platforms in 2023. Arcuri says MU also remains the leader in NAND. "Given all of these industry and MU-specific factors, we expect MU''s [earnings per share] EPS to hold up very well," he adds.
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AmerisourceBergen (NYSE: ABC ) has outperformed the market over the past 10 years by 2.86% on an annualized basis producing an average annual return of 14.13%. Currently, AmerisourceBergen has a market capitalization of $30.43 billion. Buying $1000 In ABC: If an … Full story available on Benzinga.com
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AmerisourceBergen is one of the big three distributors of pharmaceuticals in the United States. Read more to see why ABC stock is good to be on your watch list.
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AmerisourceBergen (NYSE: ABC ) has outperformed the market over the past 20 years by 3.28% on an annualized basis producing an average annual return of 10.4%. Currently, AmerisourceBergen has a market capitalization of $30.65 billion. Buying $100 In ABC: If an … Full story available on Benzinga.com
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Let''s check the charts and indicators….ABC
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Upgrades According to Jefferies, the prior rating for Arch Resources Inc (NYSE: ARCH ) was changed from Hold to Buy. In the first quarter, Arch Resources showed an EPS of $13.08, compared to $0.40 from the year-ago quarter. The current stock performance of Arch Resources shows a 52-week-high of $183.53 and a 52-week-low of $49.55. Moreover, at the end of the last trading period, the closing price was at $159.85. According to Jefferies, the prior rating for BHP Group Ltd (NYSE: BHP ) was changed from Hold to Buy. NoneAt the moment, the stock has a 52-week-high of $80.50 and a 52-week-low of $51.88. BHP Group closed at $66.78 at the end of the last trading period. Evercore ISI Group upgraded the previous rating for Exxon Mobil Corp (NYSE: XOM ) from In-Line to Outperform. For the first quarter, Exxon Mobil had an EPS of $2.07, compared to year-ago quarter EPS of $0.65. The stock has a 52-week-high of $99.78 and a 52-week-low of $52.10. At the end of the last trading period, Exxon Mobil closed at $98.84.
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AmerisourceBergen Corporation found using ticker (ABC) have now 11 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 187 and 155 with a mean TP of 171.09. Now with the previous closing price of 148.21 this indicates there is a potential upside of 15.4%. The 50 day MA is 156.3 and the 200 moving average now moves to 135.96. The company has a market capitalisation of $30,797m. Visit the company website at: https://www.amerisourcebergen.com [stock_market_widget type="chart" template="basic" color="green" assets="ABC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $35,552m based on the market concensus. AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers.
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AmerisourceBergen Stock Slides Following Investor Day
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AmerisourceBergen (ABC) shares are down ~3% in Wednesday afternoon trading as the company provided future projections at its investors day.
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Ahead of its investor day on Wednesday, pharmaceutical distributor AmerisourceBergen (ABC) disclosed its plans to repurchase up to $1B of its outstanding shares of common stock.The…
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AmerisourceBergen Corp. said Wednesday that it set a new $1 billion stock repurchase program. That represents 3.1% of the pharmaceutical and health care products company''s market capitalization of $32.42 billion at Tuesday''s stock closing price. As of May 31, the company said it had $321 million remaining from the buyback program it set in May 2020. The company also reiterated its fiscal 2022 guidance for earnings per share of $10.80 to $11.05, which compares with the current FactSet consensus of $10.93. The stock, which is still inactive in premarket trading, has rallied 16.5% year to date, while the S&P 500 has declined 13.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Barclays has revised its ratings on medical distributors AmerisourceBergen (ABC) and Cardinal Health (CAH) with a focus on their exposure to specialty drug distribution
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Upgrades According to Citigroup, the prior rating for Hoegh LNG Partners LP (NYSE: HMLP ) was changed from Sell to Neutral. In the first quarter, Hoegh LNG Partners showed an EPS of $0.49, compared to $0.61 from the year-ago quarter. The stock has a 52-week-high of $18.17 and a 52-week-low of $3.77. At the end of the last trading period, Hoegh LNG Partners closed at $8.99. For Alignment Healthcare Inc (NASDAQ: ALHC ), B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Alignment Healthcare had an EPS of $0.23, compared to year-ago quarter EPS of $0.37. The stock has a 52-week-high of $27.92 and a 52-week-low of $6.14. At the end of the last trading period, Alignment Healthcare closed at $10.86. According to Evercore ISI Group, the prior rating for Canadian National Railway Co (NYSE: CNI ) was changed from In-Line to Outperform. Canadian National Railway earned $1.04 in the first quarter, compared to $0.97 in the year-ago quarter. The current stock performance of Canadian National Railway shows a 52-week-high of $137.19 and a 52-week-low of $100.66.
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At the close on the New York Stock Exchange, the Dow Jones fell 0.33% to hit a 52-week low, the S&P 500 index fell 0.13%, and the NASDAQ Composite index rose 0.06%. The leading performer among the components of the Dow Jones index today was Home Depot Inc, which gained 6.73 points (2.38%) to close at 289.69. Quotes of 3M Company rose by 3.18 points (2.17%), closing the auction at 149.59. Merck & Company Inc. rose 1.64 points or 1.84% to close at 90.83. The losers were Boeing Co shares, which fell 6.25 points or 4.83% to end the session at 123.14. American Express Company was up 3.84% or 6.12 points to close at 153.27, while Apple Inc was down 2.69% or 3.94 points to close at 142. 56. Leading gainers among the S&P 500 index components in today''s trading were Tapestry Inc, which rose 15.50% to 30.63, DISH Network Corporation, which gained 14.60% to close at 20.01, and shares of Etsy Inc, which rose 12.92% to end the session at 87.86. The losers were shares of Synchrony Financial, which fell 6.51% to close at 33.03.
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Dutch Bros BROS -39% on Q1 earnings release.Eargo (EAR) -24%.Beyond Meat BYND -28% on Q1 earnings release.Evaxion Biotech EVAX -17% on Q1 earnings release.Senseonics Holdings…
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On Thursday, 95 companies set new 52-week highs. Interesting Highlights From Today''s 52-Week Highs: The largest company by market cap to break to a new 52-week high was Chevron (NYSE: CVX ) . The smallest company by market cap to hit a new 52-week high was Center Coast Brookfield (NYSE: CEN ) . Indonesia Energy Corp (AMEX: INDO ) ''s stock made the biggest move upwards, moving 45.82% to reach a new 52-week high. Here are all the stocks that set new 52-week highs during the first half-hour of trading on Thursday: Chevron (NYSE: CVX ) shares hit a new 52-week high of $157.11. The stock traded up 1.21% on the session. Coca-Cola (NYSE: KO ) stock set a new 52-week high of $62.92 Thursday morning. Over the session, the stock traded up 0.4%. Union Pacific (NYSE: UNP ) stock on Thursday broke to a yearly high of $261.45. Shares traded up 3.43%. Altria Group (NYSE: MO ) shares hit a new 52-week high of $53.32. The stock traded up 0.37% on the session. Enbridge (NYSE: ENB ) shares hit a yearly high of $44.71.
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LAKE COUNTY, Calif. Lawsuits brought by thousands of state and local governments against the opioid industry could soon be settled, but Lake County officials dont yet know how the outcome will impact the effort to address the crisis at the local level. California Attorney General Rob Bonta on Wednesday announced the historic $26 billion settlement that officials said will help bring desperately needed relief to people in California and across the country who are struggling with opioid addiction. Nothing can undo the devastating loss of life caused by the opioid epidemic, or stop the grief it has caused for its victims and their families, but this proposed settlement represents one step in the process of healing our communities, said Attorney General Bonta. Along with our coalition partners, our office has worked to hold accountable bad actors who fueled this public health crisis including those who produced, distributed and marketed these dangerous drugs. The settlement includes Cardinal, McKesson and AmerisourceBergen the nations three major pharmaceutical distributors and Johnson & Johnson, a company that manufactured and marketed opioids.
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Video source: YouTube, CNBC Television By Nate Raymond A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement proposal, the three largest U.S. drug distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion. The money is expected to be used on addiction treatment, family support, education and other social programs. "There''s not enough money in the world, frankly, to address the pain and suffering," said Connecticut Attorney General William Tong, but added that the money will "help where help is needed." The deal represents the second-largest cash settlement ever, trailing only the $246 billion tobacco agreement in 1998. Attorneys general from 15 states were involved in negotiating the deal, as were lead lawyers for local governments.
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A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement proposal, the three largest U.S. drug distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen []
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A group of state attorneys general unveiled on Wednesday a landmark, $26 billion settlement resolving claims that the three largest US drug distributors and drugmaker Johnson & Johnson helped fuel a deadly nationwide opioid epidemic. Under the settlement proposal, distributors McKesson, Cardinal Health and AmerisourceBergen are expected to pay a combined $21 billion, while Johnson
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(RTTNews) - A council of state attorneys general said on Wednesday that a landmark $26 billion settlement has been decided upon, thus settling claims that the three largest U.S. drug distributors, namely McKesson Corp. (MCK), Cardinal Health (CAH) and AmerisourceBergen (ABC) along with drug maker Johnson & Johnson (JNJ) were responsible for a
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Minnesotas share of a settlement with a settlement with major opioid manufacturer Johnson & Johnson and the nations three major pharmaceutical distributors Cardinal, McKesson and AmerisourceBergen could reach $337 million. Minnesota was among the states agreeing to the $26 billion settlement. Minnesota Attorney General Keith Ellison said the agreement will bring much-needed relief []
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Shares of Johnson & Johnson were up 0.3% in trading on Wednesday after a dozen or so state attorneys general announced an opioid settlement that requires J&J to pay $5 billion over nine years, including $3.7 billion in payments over the first three years. The company is also required to stop selling opioids for 10 years, and it cannot fund or provide grants to organizations that promote opioids or lobby on opioids during that time period. The agreement resolves around 4,000 opioid-related lawsuits in both federal and state courts. As part of the deal, which has been in the works for several years, AmerisourceBergen Corp. , Cardinal Health Inc. , and McKesson Corp. will pay $21 billion. J&J''s stock is up 7.4% so far this year, while the broader S&P 500 has gained 15.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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AmerisourceBergen (NYSE: ABC), Cardinal Health (NYSE: CAH) and McKesson (NYSE: MCK) announced today that they have negotiated a comprehensive proposed settlement agreement which, if all conditions are satisfied, would result in the settlement of a substantial majority of opioid lawsuits filed by state and local governmental entities. While the companies strongly dispute the allegations made in
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AmerisourceBergen (ABC) shares soared 3.5% in the last trading session to close at $116.49. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stocks 3.5% loss over the past four weeks. AmerisourceBergen saw a strong price increase following the New York Attorney [] The post AmerisourceBergen (ABC) Soars 3.5%: Is Further Upside Left in the Stock? appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .
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NEW YORKThe three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the states attorney general said on Tuesday. McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp settled as state attorneys []
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NEW YORK: The three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the states attorney general said on Tuesday. McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp settled as state attorneys general prepare to announce as soon as this week a landmark $26 billion deal with the distributors and drugmaker Johnson & Johnson resolving cases nationwide. The deal with New York Attorney General Letitia James and the populous Long Island counties of Nassau and Suffolk came three weeks into the first jury trial accusing companies of profiting from a flood of addictive painkillers that devastated communities. While no amount of money will ever compensate for the millions of addictions, the hundreds of thousands of deaths, or the countless communities decimated by opioids, this money will be vital in preventing any future devastation, James said.
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Get Free Sample PDF (including full TOC, Tables and Figures) of Pharmacy Dispensing Machines Market: https://www.reportsnreports.com/contacts/requestsample.aspx?name=4533718 #Key Players- RMI Pharma Logistics ARxIUM ScriptPro McKesson Swisslog Omnicell Becton Dickinson AmerisourceBergen Cerner Corporation Willach Pharmacy Solutions MedAvail Technologies RxSafe Segment by Type Pharmaceutical []
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The three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the states attorney general said on Tuesday. McKesson, Cardinal Health and AmerisourceBergen settled as state attorneys general prepare to announce
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New York reached a $1.1 billion settlement on Tuesday with three of the country''s largest drug distributors for their alleged role in the opioid epidemic, New York Attorney General Letitia James said. The big picture: The settlement comes as the three companies McKesson, Cardinal Health, and Amerisource Bergen as well as Johnson & Johnson near a $26 billion deal with states and municipalities that would settle thousands of lawsuits related to the opioid crisis, the New York Times reports . Tuesday''s agreement in New York is the only deal that has been formally settled to so far, per the Times. New York last month reached a separate $230 million settlement with Johnson & Johnson over its role in the opioid crisis. Driving the news: According to Tuesday''s settlement, the three distributors will spread their payments out over the next 17 years. The companies will also participate in a tracking system that is designed to control the amount of opioids sold and shipped to pharmacies across the country.
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The two health care leaders share a commitment to improving health outcomes through accreditation The two health care leaders share a commitment to improving health outcomes through accreditation
→ Google ترجمة
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