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Thursday, September 12, 2024

Biden to host Quad allies for summit in Delaware

 President Biden will host the leaders of Australia, India and Japan for a summit of the Quad alliance later this month in his home state of Delaware, the White House said Thursday, marking the first time Biden will welcome foreign leaders to his home state.

Biden will meet Sept. 21 in Wilmington with Australian Prime Minister Anthony Albanese, Indian Prime Minister Narendra Modi and Japanese Prime Minister Kishida Fumio. The four nations make up the Quad alliance, which has been a major focus for Biden in his efforts to combat China’s influence. 

“This will be President Biden’s first time hosting foreign leaders in Wilmington as president — a reflection of his deep personal relationships with each of the Quad Leaders, and the importance of the Quad to all of our countries,” press secretary Karine Jean-Pierre said in a statement.

The leaders are expected to discuss health security, natural disaster response, maritime security, technology, climate and cybersecurity during the summit, which will be the fourth in-person meeting among Quad leaders since Biden took office.

Biden has sought to reinvigorate the Quad alliance during his presidency in an effort to create a counterbalance to China in the Indo-Pacific.

Last year’s Quad summit in Australia was scrapped after Biden canceled his trip to the continent so he could return to Washington for negotiations over the debt ceiling. The leaders instead huddled at the 2023 Group of Seven (G-7) Summit.

https://thehill.com/homenews/administration/4876291-biden-quad-summit-delaware/

'DeWine dismisses Springfield migrant claim: ‘Internet can be quite crazy’'

 Republican Ohio Gov. Mike DeWine in an interview on Wednesday dismissed claims amplified by former President Trump earlier this week that Haitian migrants are eating pets in Springfield, saying the internet “can be quite crazy sometimes.”

“This is something that came up on the internet, and the internet can be quite crazy sometimes,” DeWine told CBS News.

“Look, the mayor … of Springfield says there’s no truth in that. They have no evidence of that at all,” he added.

“So if we go with what the mayor says, he knows his city.”

Trump referenced the unfounded conspiracy theory during Tuesday’s presidential debate against Vice President Harris.

“What they have done to our country by allowing these millions and millions of people to come into our country — and look at what’s happening to the towns [in the] United States. A lot of towns don’t want to talk. Not going to be Aurora [or] Springfield,” the former president said. “A lot of towns don’t want to talk about it, because they’re so embarrassed by it. In Springfield, they’re eating the dogs.”

Trump was referring to a false allegation that gained national attention after the former president’s running mate, Sen. JD Vance (R-Ohio), repeated the false claims in a post on the social platform X.

Springfield police and other city authorities denied any pet abductions had been reported.

ABC News moderator David Muir pushed back on Trump’s claim at the debate, saying officials found no evidence supporting the allegations of migrants eating pets, adding that the network “checked with the city manager.”

“I saw people on television talking about it,” Trump insisted after Muir pushed back, saying, “We’ll find out.”

Springfield city manager Bryan Heck told The Hill earlier this week that the false controversy “takes away” from the city’s real struggles onboarding immigrants to social services.

DeWine, during the CBS interview, noted that an influx of migrants seeking asylum have entered Ohio for many reasons, such as seeking health care and safety.

“You’ve got people coming in from a country that don’t really have good health care. And so it raises issues about getting them vaccinated, getting their children vaccinated. So it’s put a real pressure on primary care,” DeWine said, adding that the state has requested more than $2 million in federal dollars to meet those needs.

“Again, Haiti is not a country that many people don’t drive at all. There aren’t that many cars per capita. And people who do drive, you know, the laws in Haiti are very, very different than they are in the United States,” the governor said. 

Despite this, DeWine said companies are benefiting from the Haitian workforce.

“These Haitians came in here to work because there were jobs, and they have filled a lot of jobs,” DeWine said on CBS. “And if you talk to the employers, they’ve done a very, very good job, and they work very, very hard.”

In later comments, he added that most Springfield residents he’s talked to are “concerned about the issues that I just talked about. But they will tell me these Haitians are working very hard, you know. They’re trying to provide for their families.”

https://thehill.com/homenews/state-watch/4876271-haitian-migrants-pet-eating-claims/

Champions Oncology upped to Buy from Hold by Craig Hallum

 Target $6

https://finviz.com/quote.ashx?t=CSBR&p=d

Instil: Wainwright ups target

 H.C. Wainwright raised the firm’s price target on Instil Bio (TIL) to $40 from $25 and keeps a Buy rating on the shares. The firm says Instil competitor Summit Therapeutics’ (SMMT) full data from the Phase 3 study of ivonescimab in front-line non-small cell lung cancer raises its confidence in SYN-2510, given mechanistic similarities. Preclinical studies show SYN-2510 exerted stronger synergistic antitumor activities than the combination of a VEGF blocker and a PD-L1 antibody, the analyst tells investors in a research note.

https://www.tipranks.com/news/the-fly/instil-bio-price-target-raised-to-40-from-25-at-h-c-wainwright


US employers expect nearly 6% spike in health insurance costs in 2025: Mercer

  U.S. employers expect health insurance costs to rise an average 5.8% in 2025, largely due to increased cost of medical services as well as higher use, according to a survey released by consulting firm Mercer on Thursday.

The year 2025 is projected to be the third consecutive year in which healthcare costs for employers rise by more than 5%. Costs increased an average 3% during the decade prior, the report said.

In part, the higher cost of each medical service is driven by a continued shortage of healthcare workers, linked to providers raising prices, Mercer said. Spending on behavioral health and popular but pricey GLP-1 weight loss drugs are also contributors.

The share of total health plan costs paid by employees, an average of 21%, is expected to remain about the same in 2025, said Beth Umland, director of employer research for health and benefits at Mercer.

Mercer said 53% of employers plan to implement cost-management changes in 2025, an increase from 44% in 2024.

Those strategies would target reducing utilization by plan members with expensive conditions and managing specialty drug costs, Umland said. In 2024, prescription drug spending remained the fastest-growing cost for employers, rising 7.2% from 8.6% in 2023.

Among employer concerns are expensive gene and cellular therapies, Umland said. Such therapies can cost $1 million or more. "These drugs are at cost levels that we have never seen before. And while they're still few and far between, when one of those claims hit, employers really feel it."

Employers with workforces sized between 50 to 499 employees reported the highest cost increases, by 9% if they do not take measures to manage costs and 6.3% if cost-management changes are made.

A greater portion of small employers pay private insurers for fully insured health plans. Costs for such plans tend to carry a higher premium and employers are unable to add cost-saving well-being programs, said Mercer's Chief Actuary Sunit Patel.

Mercer's survey covers 1,800 U.S. employers ranging from those with 50 to over 500 employees.

https://ca.finance.yahoo.com/news/us-employers-expect-nearly-6-130545916.html

FDA authorizes first OTC hearing aid software to be used in Apple's AirPods Pro

 The U.S. Food and Drug Administration on Thursday authorized the first over-the-counter hearing aid software device that is intended to be used with compatible versions of the Apple AirPods Pro headphones.

Earlier this week, Apple said its AirPods Pro 2 could now be "transformed" into a personalized hearing aid via an upcoming software update that would boost specific sounds in real time, including parts of speech or elements within a user's environment.

Once installed and customized to the user's hearing needs, the software enables versions of the AirPods Pro to serve as an OTC hearing aid, that is intended to amplify sounds for 18 years or older people with perceived mild-to-moderate hearing impairment, the health regulator said.

https://www.usnews.com/news/technology/articles/2024-09-12/fda-authorizes-first-otc-hearing-aid-software-to-be-used-in-airpods-pro-headphones

Avadel Pharma says its sleep disorder drug remains under FDA review

  Avadel Pharmaceuticals’ sleep disorder drug for use in pediatric patients seven years and older remains under review by the U.S. Food and Drug Administration, the company said in a regulatory filing on Thursday.

The health regulator was expected to make a decision by Sept. 7. Avadel did not provide details on a new action date.

https://whtc.com/2024/09/12/avadel-pharma-says-its-sleep-disorder-drug-remains-under-fda-review/