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A drug price deal might not be dead. At least that's what House Speaker Nancy Pelosi hopes. Amazon launched a virtual medical clinic for its Seattle employees. And health officials aren't any closer to figuring out what's causing hundreds of people to fall ill from vaping.
(Are there any stories we should be chasing? Email tips, ideas, suggestions to CNBC Health Editor Dawn Kopecki at dawn.kopecki@nbcuni.com.)
| | Juul cuts staff, replaces CEO | The axe came down on Juul CEO Kevin Burns this week. Altria, which owns a 35% stake in the e-cigarette company, replaced him with one of their own: former Altria executive K.C. Crosthwaite. The start-up has been experiencing major growing pains, characterized by congressional, regulatory and, apparently, a criminal probe. It said it's suspending all product advertising and will not lobby the Trump administration on its plan to remove flavored e-cigarettes from the market.
-Elijah Shama | | | | 'No common thread' in vaping illness cases | The CDC reported 805 confirmed or probable cases of a vaping-related lung illness – up an astounding 52% over the previous week – and 12 deaths. Health officials are struggling to identify a cause, with a top FDA official saying there's "no common thread" among all the hundreds of cases. Meantime, lawmakers grilled the acting FDA chief over the agency's regulation of e-cigarettes.
-Angelica LaVito | | | | Pelosi still hopes for drug pricing deal with Trump despite impeachment inquiry | Speaker Nancy Pelosi announced this week that the House would begin a formal impeachment inquiry of President Donald Trump, ending hopes that the Democratic leader and the White House will produce a bipartisan drug pricing bill by the year's end. But there still may be a chance, at least according to Pelosi. She told reporters she hopes to work on a bill to lower drug prices with Trump even while threatening impeachment. Analysts aren't convinced. RBC analyst Brian Abrahams told clients Congress' impeachment focus "reaffirms low likelihood of draconian drug price cuts and increases likelihood of improved investor confidence over time."
-Berkeley Lovelace Jr. | | | | Amazon launches Amazon Care, a virtual medical clinic for employees | Amazon this week launched a medical clinic for its Seattle employees, called Amazon Care. While there won't be any brick and mortar clinics, Amazon is offering its employees the option to video chat or text a physician or nurse and get care at home if there's a need for a follow-up appointment. We first reported the move into the primary care space in the summer of last year, when Amazon started making strategic hires from the medical industry. What's particularly interesting about the move is the focus on digital. That has the potential to move the needle on costs for Amazon when it comes to health care. That appears to be a priority for CEO Jeff Bezos who joined forces with Berkshire Hathaway and J.P. Morgan to form a new entity to explore the issue, called Haven.
-Christina Farr | | @Work People + Machines
Technology, Talent and the Future of Work
In the midst of the fourth industrial revolution, CIOs and CTOs hold the key roles managing corporate digital transformation and leveraging new, game-changing technologies. This edition of CNBC's @Work series examines the human-machine interface, how to balance the needs of today with the possibilities of tomorrow, and the winning strategies of best-in-class companies.
| | @Work People + Machines November 4, 2019
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