8% Fall in China Raises Concerns on Wall Street

8% Fall in China Raises Concerns on Wall Street

The influence of China shares is very much alive in Wall Street as it fell in the red on Monday. Due to both concerns about China's slowing growth and in the wake of the biggest drop in Shanghai shares in 8 years, U.S. stocks are falling under immense pressure. Declining issues outnumbered advancing ones as The Dow Jones industrial average, Nasdaq and S&P 500 all fell to its lowest points after a long period of prosperity.

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It Has Been a Good Year for Healthcare Stocks

It Has Been a Good Year for Healthcare Stocks

In a 6-3 vote, the Supreme Court upheld federal subsidies for the Affordable Care Act in all states, including the 34 under federal exchanges. This has led to a banner year for healthcare stocks.

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With U.S. Economy Improving, Yellen Pushes for Interest Rate Increase

With U.S. Economy Improving, Yellen Pushes for Interest Rate Increase

Federal Reserve Chair, Janet Yellen, continues to push for an interest-rate increase this year because of the improvement in the U.S. economy. Yellen stated, “I expect that it will be appropriate at some point this year to take the first step to raise the federal funds rate and thus begin normalizing monetary policy.” This would be the first rate increase in almost a decade

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Drug and Device Industries Pay Billions to Doctors

CMS launched the Open Payments Website as an effort to provide transparency into the relationship between American medicine and the drug and medical device industries.
But the Open Payments Website has had issues since its inception, including a glitch that shut down the entire website. Access to the online records was suspended after doctors of the same name noticed they were credited with payments made to the other and, shortly after, CMS announced that one third of records would be withheld at the time of the Open Payments launch.
Other reported issues with the Open Payments site included misspellings, mixed up payments, and missing information. According to ProPublica/New York Times’ “The Upshot”, errors continue to plague the system. 


However, things may be looking up with the latest release of data revealing U.S. doctors and teaching hospitals received $6.49 billion from drug and medical-device makers in 2014
Among the drug companies making the largest payments were Pfizer Inc., with $234 million in research payments and $53.3 million in general outlays; Merck & Co. with $97.7 million for research and $27.5 million in general payments; and AstraZeneca Plc with $85.7 million in research and $72.5 million in general payments.

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