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93°
Tuesday, jul 29
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Healthcare Industry
Business
Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan
Merck, a pharmaceutical company headquartered in Rahway, announced it will be undergoing layoffs after a disappointing second quarter. In its earnings report, Merck said it aims to save more than $3 billion in cost savings as part of a "multiyear optimization initiative." The restructuring program includes eliminating certain administrative, sales and research and development positions. Merck did not say how many people would be laid off, but said they aim to achieve the cost savings by 2027. To save money, the company plans to reduce office space and optimize its manufac…
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CEO Murder: Whiz Kid Suspect May Have Spiraled After Traumatic Back Surgery
Luigi Nicholas Mangione, the whiz kid Ivy League-educated high school valedictorian accused of the execution-style murder of the CEO of one of the nation's largest healthcare providers, may have spiraled out of control after traumatic back surgery. Click here for a new, updated story - CEO Murder: How A Hash Brown At McDonald's Ended Manhunt For Luigi Mangione The procedure, which allegedly left Mangione in significant physical and emotional distress, may have contributed to his deteriorating mental state, a factor authorities are considering as part of their investigation. …
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New Images Show Suspect Fleeing In Cab After Brazen Targeted Killing Of CEO In Manhattan
New images released by authorities show the suspect in the brazen targeted killing of the CEO of one of the nation's largest healthcare companies in midtown Manhattan fleeing the crime scene in the back of a taxi cab. Click here for a new, updated story - CEO Murder: 26-Year-Old Being Held In Pennsylvania In Connection To Manhattan Case The NYPD released the latest images early Sunday morning, Dec. 8. "The full investigative efforts of the NYPD are continuing, and we are asking for the public's help," the NYPD said in a statement accompanying the release of the new i…