The Weekly Summary

Obama next to QueenApril 11th – April 24th                                 2016

In the general news, Brazil’s President Rousseff was impeached. Ecuador suffered a serious earthquake, as did Japan. President Obama made an unwelcome visit to the UK to sway the BREXIT vote. Lastly, music legend Prince died of an apparent opioid overdose, with conclusive autopsy findings pending.

In healthcare business news, earnings season began, with JNJ beating, all due to drug price hikes.

From the FDA, AbbVie (ABBV) and Roche’s cancer drug Venclexta was approved to treat leukemia.

In other regulatory news, CMS proposed a two-year ban on Theranos founder Elizabeth Holmes after the company’s sloppy regulatory history. Lastly, a criminal grand jury might prosecute members of the Boston Scientific (BSX) team for improperly handling counterfeit mesh made in China.

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