In the general news, China devalued its currency to help prop up the stock market that is crashing. In Europe, the EU and Greece agreed to another bailout payment to keep cash flowing to the country. In the U.S., wildfires in the West dominated the news.
In healthcare business news, CVS‘s PBM continues to exert pressure on companies selling costly drugs. After dropping Viagra from the formulary, they have now sent letters to cardiology societies urging a re-writing of cholesterol guidelines as the new costly anti-PCSK9 drugs hit the market, and Dexcom (DXCM) partnered with Google.
On the data front, Novavax’s (NVAX) vaccine against RSV seems to be effective.