The Weekly Summary

July 30th – August 5th                                 2018

In general news, NASA announced the astronaut crew to fly the first American rockets into space since 2011 when President Obama scrapped the space program. Meanwhile, the July jobs report was strong and unemployment remains at record lows.

In healthcare business news, it was slow due to the vacation season and end of earnings. Tesaro (TSRO) fell on bad earning updates and weak sales of Varubi. Arbutus (ABUS) also sank after the earnings call, and MannKind (MNKD) struggles to avoid bankruptcy as inhaled insulin Afrezza remains poorly liked.

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