September 30, 2022
Well being-care corporations fell amid issues in regards to the implications of rising rates of interest.
“The pace and magnitude of this yr’s strikes in coverage charges and bond yields have began to gasoline issues over the injury they will battle to non-financial company steadiness sheets,” stated analysts at brokerage Goldman Sachs Group, in a word to shoppers.
Most investment-grade issuers is not going to really feel important strain from larger rates of interest due to the length of their bonds, the Goldman analysts stated.
Federal well being regulators outlined plans that may permit abroad baby-formula makers to proceed promoting their merchandise within the US long run following a baby-formula scarcity that led to empty cabinets at some shops.
Indonesia accredited a Chinese language-made mRNA Covid-19 vaccine for emergency use, changing into the primary nation to present regulatory go-ahead for such a shot from China.
Write to Rob Curran at [email protected]
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