On Friday, Shares of Pfizer Inc. (NYSE:PFE), gained 3.89% to $33.08.
A single, 5,000 percent price hike on an anti-parasitic drug made by Turing Pharmaceuticals garnered national media attention. But it’s just one of hundreds of smaller price improvements drug companies make in the U.S. each year, a tactic the industry uses to generate more revenue from older medications, according to Bloomberg.
Pfizer Inc., the nation’s biggest drugmaker, has raised prices on 133 of its brand-name products in the U.S. this year, according to research from UBS, more than three-quarters of which added up to hikes of 10 percent or more. It’s not alone. Rival Merck & Co. raised the price of 38 drugs, about a quarter of which resulted in improvements of 10 percent or more. Pfizer sells more than 600 drugs globally while Merck has more than 200 worldwide, counting almost 100 in the U.S. Bloomberg Reports
Drugmakers have long said these improvements aren’t felt by most consumers because intermediaries like insurers negotiate what is ultimately paid — meaning what they really charge for their drugs is far below the list price. Pfizer and its rivals say they can’t make those negotiated prices public for competitive reasons. Bloomberg noted
Pfizer Inc. is a global biopharmaceutical company. The Company is engaged in discovering, developing and manufacturing of healthcare products. Its products include Lyrica, the Prevnar family of products, Enbrel, Celebrex, Lipitor, Viagra, Zyvox, Sutent, EpiPen, Toviaz, Tygacil, Rapamune, Xalkori, Inlyta, Norvasc, BeneFIX, Genotropin and Enbrel, among others.
Shares of Las Vegas Sands Corp. (NYSE:LVS), inclined 10.64% to $40.87, during its last trading session.
Sands China Ltd. (1928.HK) joined Las Vegas Sands Corp. (LVS) and international social enterprise Clean the World to complete an unprecedented 24-hour global volunteer effort Saturday, Sept. 26, building 200,000 hygiene kits to be distributed to populations in need worldwide, counting in Macao.
More than 4,000 LVS team members and community volunteers take partd in the Las Vegas Sands Global Hygiene Kit Build with Clean the World - which was both organisations’ largest volunteer effort to date, resulting in the most kits ever built for Clean the World at one time. The build was held at LVS’ Singapore, Macao, Bethlehem and Las Vegas properties sequentially and all within a 24-hour period on Saturday. It all began at Marina Bay Sands, LVS’ property in Singapore, at 9 a.m. local time and culminated at 6 p.m. local time in Las Vegas. The effort was part of LVS’s global corporate citizenship program, Sands Cares, and its ongoing partnership with Clean the World.
More than 1,500 Sands China team members and volunteers from the Macao community worked together at The Venetian® Macao’s Cotai Expo 2-9 p.m. Saturday to assemble 75,000 kits, supporting the global effort spearheaded by Sands China’s parent company, Las Vegas Sands Corp. Ming Fai Group was supporting entity for the Macao build.
Las Vegas Sands Corp. (LVSC) is a developer of destination properties that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States.
Shares of BP plc (ADR) (NYSE:BP), inclined 5.01% to $32.51, during its last trading session.
Details will be known soon in an $18 billion settlement agreement declared in July to resolve years of legal fighting over damage done by the 2010 Gulf of Mexico oil spill, according to AP.
The Justice Department says the agreement involving the federal government, five Gulf states and BP PLC will be filed Monday. Then comes a 60-day public comment period — the next step toward final court approval.
The settlement would end battles over economic and environmental damage done by the nearly 134-million-gallon spill. The spill followed the April 2010 explosion of an offshore rig that killed 11 workers. AP Reports
BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including paints, clothes and packaging. The Company operates in three business segments: Upstream, Downstream and Rosneft.
Finally, SLM Corp (NASDAQ:SLM), ended its last trade with -3.48% loss, and closed at $6.94.
SLM Corporation, declared a 2015 fourth-quarter dividend on its Preferred Stock Series A of $0.87125 per share. The dividend will be paid on November 2, 2015, to stockholders of record at the close of business on October 21, 2015.
On September 30, 2015, Sallie Mae had about 3.3 million shares of Preferred Stock Series A outstanding.
SLM Corporation is a holding company. The Company is a saving, planning and paying for education company. It is engaged in originating and servicing private education loans it makes to students and their families. The Company also operates a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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