In the general news, the stock market China continues to tank. In the U.S., the GOP presidential debates drew a record 24 Million viewers. The good July numbers of 215,000 new jobs increased the chances that the Fed will raise rates soon. Elsewhere, Legionnaires’ Disease in the Bronx has killed more than 10 and sickened hundreds, ala of 1976.
In healthcare business news, Shire (SHPG) plans to acquire Baxalta in a deal valued at $30.6 billion. Also, CVS (CVS) dropped Pfizer’s (PFE) Viagra from its PBM formulary, now that each pill costs $53.
From the FDA, Novartis’ (NVS) Gilenya label was updated to reflect the risk of progressive multifocal leukoencephalopathy (PML).