Medicare will take over Alzheimer’s remedy Leqembi after FDA approval

Chiquita Brooks-LaSure testifies before the Senate Finance Committee during her nomination hearing for Administrator of the Centers for Medicare & Medicaid Services in Washington on Thursday, April 15, 2021.

Caroline Brehmann | CQ Roll Call, Inc. | Getty Images

Medicare will cover new Alzheimer’s treatment Leqembi for all patients eligible under the drug’s label when the Food and Drug Administration fully approves the drug in July, a federal official told congressmen Wednesday.

Official Chiquita Brooks-LaSure testified before Congress Wednesday for the first time since being confirmed as the administrator of the Centers for Medicare and Medicaid Services.

Brooks-LaSure has been harshly criticized by Democratic and Republican members of the House Health Subcommittee over Medicare’s controversial coverage policy for new Alzheimer’s treatments.

The Food and Drug Administration approved Leqembi, a collaboration of biogenic And Eisai Antibody treatment accelerated in January.

Twice-monthly intravenous infusions of the drug, commonly known as lecanemab, have shown promise in slowing the progression of early-stage Alzheimer’s disease.

But Medicare, which primarily provides health insurance for seniors, will currently only cover most of Leqembi’s costs for patients participating in federally approved clinical trials.

Because Eisai’s clinical trial for the drug has already concluded, this policy means Medicare enrollees with Alzheimer’s won’t have access to the treatment, which costs $26,500 a year, unless they pay out of pocket

Brooks-LaSure told the committee Wednesday that guidelines will change if the FDA approves the drug in July, as expected.

“Eligible individuals are based on the FDA label,” Brooks-LaSure testified.

“If the FDA approves the drug, that will be the basis of which demographics people will get the drug in, regardless of which populations they think it’s appropriate for,” she said.

Rep. Nanette Barragan, D-CA, pressed Brooks-LaSure for clarity.

“So you’re basically saying that all patients for whom the drug lecanemab is indicated and all future therapies will be covered in the class after full approval?” Barragan asked.

Brooks-LaSure replied, “That’s right.”

CNBC Health & Science

Read CNBC’s latest global health coverage:

The FDA’s label for Leqembi under the agency’s accelerated approval says the treatment was intended for use in patients with mild dementia caused by Alzheimer’s and tests have confirmed that they have brain plaques associated with the disease, among other things.

It’s unclear if the FDA’s label would change in any way once Leqembi receives full approval in July.

CMS’ insurance policy for Alzheimer’s drugs has caused confusion and controversy.

The agency has said Medicare will cover patients who participate in federally approved “registries,” which collect data about the drug after the treatment has received full approval.

The requirement to participate in CMS-approved registries has raised concerns that access to Leqembi could remain restricted even after full FDA approval.

Brooks-LaSure said Wednesday that a registry “does not in any way prevent people from having access to the drug.”

“All we state is that people taking the drug will have their doctors enter that information into a private registry,” the CMS administrator said.

But the registries have yet to be set up for patients.

Brook-LaSure said the goal is to have the registries ready for registration by July 6, should the FDA fully approve Leqembi by that date.

“Private sector companies can start setting them up now,” Brooks-LaSure told the committee.

Rep. Anna Eshoo, D-CA, criticized Medicare for not giving patients and doctors clear information about what exactly the registries are and how they will work.

“If doctors don’t know, if patients don’t know, and Medicare doesn’t seem to really know what this registry entails, how are Medicare patients possibly going to get the drug starting in July?” Eshoo asked.

Rep. Morgan Griffith, R-VA, accused CMS of effectively undermining the FDA’s accelerated approval of Leqembi by imposing restrictions that make the drug largely inaccessible to seniors.

Unlike Medicare, the Veterans Health Administration has agreed to cover Leqembi for veterans who are over the age of 65 and meet other eligibility criteria.

“You have turned yourself into a scientific regulator by refusing to pay for the Alzheimer’s drugs that this subcommittee and committee have been working hard on on a bipartisan basis to ensure they are available to Alzheimer’s patients,” Griffith said to Brooks-LaSure.

Brooks-LaSure told the committee that Medicare is bound by law.

“Our legal requirement is to determine whether a drug is appropriate and necessary for the Medicare population,” the CMS administrator said.

Griffith asked, “So you’re saying we need to change your laws?

“Of course, Congress has the power to change our rules,” Brooks-LaSure said.

Why John Stamos Fired Mary-Kate & Ashley With a Full Home

Full house alum John Stamos wasn’t always thrilled with the idea of ​​working with babies.

As the actor who played Uncle Jesse on the series recently revealed he is working with him Mary Kate Olsen And Ashley Olsen In the early days of her hit sitcom, she first laid out her challenges, considering the twins landed the role of Michelle Tanner when they were just six months old.

And as the 59-year-old noted, he didn’t hesitate to let her team know it wasn’t working out, confirming a rumor he had applied to oust her.

“I did it,” John said during the April 25 episode of The Good Guys podcast. “I didn’t try, I did.”

Regarding filming a particular scene, John explained that the then 11-month-old twins weren’t all that excited about one day being on set.

“She screamed – both of them,” he continued. “They wanted to be somewhere else than there and so did I. They were 11 months old and God bless them … but I couldn’t handle it.” And as the You actor noted, he followed up with a request for her show’s crew.

CinemaCon 2023: Warner Bros. Teases ‘Barbie’, ‘Dune: Half Two’

Margot Robbie will star as Barbie in an upcoming Mattel and Warner Bros. film.

Mattels | Warner Bros.

LAS VEGAS – Let’s Go Barbie.

Warner Bros. Discovery put the upcoming film at the center of its studio presentation at CinemaCon on Tuesday, with executives – including Jeff Goldstein, president of domestic sales, and Andrew Cripps, president of international sales – and Hollywood stars Greta Gerwig, Margot Robbie and Ryan Gosling all dressed up were different shades of pink.

And all this to the tune of “Barbie Girl”.

Warner Bros. offers a wide range of drama, comedy, horror and action movies in 2023. CEO David Zaslav told attendees at the annual cinema conference that the studio will release 16 films in 2023 and hopes to release more than 20 releases per year in the future.

But Tuesday was all about Barbie.

The company showed extended clips from the film, which elicited roars of laughter from the audience. Director Gerwig promised big laughs and big hearts from the film, which arrives July 21.

Warner Bros. also rolled trailers and clips from Wonka, Meg 2: The Trench, The Nun 2 and The Color Purple, as well as an early look at Dune: Part Two, which was shot entirely with IMAX -Cameras.

Director Denis Villeneuve promised more action and political intrigues in the second part. Released in 2021, Dune grossed nearly $400 million at the global box office and picked up six Academy Awards during the 2022 Academy Awards.

Warner Bros. capped off its presentation with words from Peter Safran, one half of the new duo of creative leaders at DC Studios.

Safran shared footage from Aquaman and the Lost Kingdom, Blue Beetle, and The Flash. The company is showing “The Flash,” directed by Ezra Miller, to CinemaCon attendees Tuesday.

Zaslav says he’s seen “The Flash” three times and told the CinemaCon audience, “It’s the best superhero movie I’ve ever seen.”

He also assured media and insiders that Warner Bros. Discovery is committed to long-term theatrical releases, saying the company is “in no rush to bring movies to Max,” the company’s forthcoming flagship streaming service.

Bombshell captures Ted Cruz, who’s criminally plotting a coup for Trump

Secret records reveal that Sen. Ted Cruz (R-TX) was working on a coup plan that would have undone Biden’s 2020 victory and kept Trump in the White House.

MSNBC’s The Beat With Ari Melber played the Cruz tapes:

In the first part of the volume, Cruz advocates blocking the certification of the election: “I think the country deserves a credible assessment of these claims and the evidence. And the mechanism to enforce that is denial of certification on May 6th.

The second part of the tape revealed that after confirmation of the election was blocked, Cruz and the Republicans set up a sham commission to uncover voter fraud and determine that Donald Trump would be inaugurated for a second term.

Fox’s Maria Bartiromo asks Cruz who would be privy to. and he replied, “It would be the findings of this commission and what they find, and if they find credible evidence of fraud undermining confidence in the election results in a particular state, they would report it.”

Former Trump attorney John Eastman campaigned unsuccessfully in court to cover up his email correspondence with Ted Cruz, so there were several indications that Senator Cruz was more deeply involved in the attempted coup than he was willing to admit.

If Special Counsel Jack Smith hasn’t been investigating members of Congress for their possible role in Trump’s coup plot, the Cruz tapes seem like an excellent place to start.

There is evidence on tape that a US Senator was involved in a conspiracy to overthrow a presidential election. The question now is what will law enforcement do about it?

Jason is the managing editor. He is also a White House press pool and congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His thesis focused on public policy with a specialization in social reform movements.

Awards and professional memberships

Member of the Society of Professional Journalists and the American Political Science Association

Illumina plans to chop prices because it faces shrinking margins

A building on the Illumina World Headquarters campus is shown on September 1, 2021 in San Diego, California.

Mike Blake | Reuters

Enlightenment on Tuesday unveiled cost-cutting plans to improve the DNA sequencing company’s shrinking margins.

The plans aim to cut Illumina’s annualized spend by more than $100 million starting later this year, according to the company’s first-quarter release.

The company reported a gross margin of 60.3% for the period, up from 66.6% in the year-ago period.

“These cost savings will accelerate progress toward higher margins and free up capital to increase investment in high-growth areas,” Illumina said in the press release.

Among other things, Illumina plans to use its NovaSeq X sequencing system to accelerate genomic discoveries. Launched in September 2022, the system sequences DNA twice as fast and three times more accurately than previous Illumina products.

The San Diego-based company said it also plans to make savings by “enabling operations” in lower-cost areas around the world. Illumina did not disclose details of these activities.

The company is struggling with criticism and a falling market cap following its controversial $7.1 billion acquisition of cancer test developer Grail.

Illumina’s market value has fallen to about $34.5 billion from about $75 billion in August 2021, the month it completed its acquisition of Grail.

Antitrust authorities have repeatedly pushed back on this deal.

The Federal Trade Commission earlier this month ordered Illumina to divest the acquisition, saying it would stifle competition and innovation.

Last year, the European Commission, the executive body of the European Union, blocked the deal over similar concerns.

Illumina is appealing both orders and expects final decisions in late 2023 or early 2024.

The Grail deal is also at the center of a proxy fight between activist investor Carl Icahn and Illumina. They have been trading jabs for more than a month.

Icahn, who owns a 1.4% stake in the company, is seeking a seat on Illumina’s board and is urging him to break the Grail deal. He’s also urging Illumina to oust its CEO Francis deSouza “immediately.”

The company is asking shareholders to vote down Icahn’s three board nominees at its May 25 annual meeting.

Illumina has repeatedly claimed that Grail has “tremendous long-term value creation potential.”

Grail claims to offer the only commercially available early detection test that can detect more than 50 types of cancer from a single blood draw.

The cancer test generated about $55 million in sales in 2022 and is expected to bring in up to $110 million this year, Illumina said.

(EXCLUSIVE) Teen Acquired Scholarship For Morehouse After Viral Video

Amir Staten of Philadelphia is not only going to his college of choice, Morehouse College, but he will be doing so on a full academic scholarship, The Shade Room has exclusively learned.

In an exclusive clip made available to The Shade Room, the future Morehouse Man is speechless to learn he has just won a 4-year Bonn Scholars scholarship. The teenager wiped tears from his eyes and said to his mother:

You don’t have to pay for college.

In addition to the full scholarship, Staten received an additional $20,000 in academic funding.

Your platform was sooo related to his scholarship. Words cannot even explain the gratitude and thanks, Karlyyne Staten, mother of Amir, said exclusively.

His mother explained that the Germantown Friends School senior would major in sociology because there weren’t enough black representatives in the field.

Amir goes viral after being included in Morehouse

If you remember, Amir Staten went viral in February to celebrate his acceptance letter into HBCU. In the rain he jumped for joy and shouted, “LET’S GO!”

In an interview with CBS News, Amir said:

It’s okay to go to college. It’s cool going to college, Amir Staten said. It’s cool to pick up a book and it’s cool to graduate. You don’t have to get involved on the street.

Why Morehouse?

Amir’s mother indicated that the senior had to leave Philadelphia because it is unsafe.

“I had some mixed feelings because you know he’s going to come out,” Karlynne Staten said.

He’s leaving Philly. I love Philly more than anything, but it’s not safe for him.

We love to see it!

McDonald’s (MCD) earnings Q1 2023

Delivery couriers are seen near McDonald’s restaurant in Krakow, Poland, on April 12, 2023.

Jakub Porzycki | Nurphoto | Getty Images

MC Donalds is expected to report its first-quarter results before the bell on Tuesday.

Here’s what Wall Street analysts polled by Refinitiv expect the company to report:

  • Earnings per share: $2.33 expected
  • Revenue: $5.59 billion expected

related investment news

CNBC Pro

According to StreetAccount estimates, the fast-food giant is expected to see same-store sales growth of 8%. But investors are likely to focus more on what executives have to say about how the current quarter is going.

McDonald’s is often considered to be at the forefront of the broader restaurant industry and consumer spending.

Investors will also be on the lookout for updates on the company’s strategy and recent layoffs. McDonald’s announced in January that it was accelerating the development of new restaurants and reorganizing its corporate structure. The restructuring included hundreds of job cuts earlier this month.

In late January, CEO Chris Kempczinski said the company was forecasting a “mild to moderate” recession in the US and a “deeper and prolonged” downturn in Europe. Fast food chains like McDonald’s tend to fare better than other restaurants in times of economic downturn due to their lower prices.

McDonald’s shares are up 11% this year, giving the company a market value of $214 billion.

This is breaking news. Please check again for updates.

Lavrov criticizes Russia’s conflict in Ukraine on the UN

Russian Foreign Minister Sergei Lavrov listens as U.N. Secretary-General António Guterres speaks during a Security Council meeting at the United Nations headquarters April 24, 2023 in New York City.

Michael M Santiago | News from Getty Images | Getty Images

UNITED NATIONS – The United States and Western allies have taken turns criticizing Russia for its ongoing war in Ukraine and accusing Moscow of trampling on the UN charter during a lengthy Security Council meeting chaired by Russian Foreign Minister Sergei Lavrov.

Lavrov, who flew from Moscow to New York to chair the Security Council, defended his country’s “special military operation” in Ukraine in his opening speech to the international forum. He also repeated claims that Kiev was the real aggressor.

Lavrov then accused the United States of exacerbating geopolitical challenges around the world, including tensions between China and Taiwan.

Linda Thomas-Greenfield, the US Ambassador to the United Nations, laid the blame squarely on Russia in her opening address to the group of 15.

“Our hypocritical convener today, Russia, has invaded its neighbor Ukraine and has struck the heart of the UN Charter,” Thomas-Greenfield said, referring to the UN’s founding document, which pledges sovereignty, peace, justice and prevention to keep from war.

“This illegal, unprovoked and unnecessary war runs directly counter to our most sacred tenet: that aggressive war and territorial conquest is never, ever acceptable,” she said. “Today it’s Ukraine, but tomorrow it could be another country, another small nation invaded by its larger neighbor,” she added.

In direct remarks to Lavrov, Thomas-Greenfield reiterated calls for the immediate release of Wall Street Journal reporter Evan Gershkovich and former US Marine Paul Whelan, whose sister attended the meeting.

“I want Minister Lavrov to look her in the eye and see her suffering. I want you to see what it’s like to miss your brother for four years. Knowing he’s locked up in a Russian penal colony just because you want to use him for your own ends,” Thomas-Greenfield said.

Elizabeth Whelan, sister of Paul Whelan, stands as she is recognized by U.S. Representative to the United Nations Ambassador Linda Thomas-Greenfield during a Security Council meeting at the United Nations Headquarters April 24, 2023 in New York City becomes.

Michael M Santiago | Getty Images

UN Secretary-General Antonio Guterres, sitting next to Lavrov, criticized Russia’s war, saying it violated the United Nations Charter and international law.

The conflict, he said, “is causing massive suffering and devastation to the country and its people and is contributing to the global economic dislocation unleashed by the Covid-19 pandemic.”

He warned that tensions between the world’s major powers were at an “historical high”.

Guterres also called for the expansion of the Black Sea Grain Initiative, a United Nations-backed accord that established a humanitarian sea corridor for Ukrainian agricultural produce.

The agreement has allowed more than 25 million tons of grain and foodstuffs to leave Ukrainian ports for destinations around the world. Russia has previously said it may not renew the deal, which expires in mid-May.

UN Secretary-General António Guterres speaks during a Security Council meeting at the United Nations headquarters April 24, 2023 in New York City.

Michael M Santiago | News from Getty Images | Getty Images

British Ambassador to the UN Barbara Woodward said Russian President Vladimir Putin’s war in Ukraine has “brought unimaginable suffering to that country while trampling on the UN Charter”.

“Thousands of Ukrainians have been killed and millions have been displaced,” she said, adding that billions of people around the world are feeling the brunt of higher energy prices and food insecurity due to the ongoing conflict in the Kremlin.

She added that the war also triggered “an absolute catastrophe for Russia.”

Japan’s envoy has also blasted Moscow’s war, calling for an immediate withdrawal of Russian troops from Ukraine.

“It is ironic, even a tragedy, that the Russian Federation, a permanent member of the UN Security Council, is continuing its unilateral aggression against Ukraine while staging an open debate on effective multilateralism by defending the principles of the UN Charter .” said Ishikane Kimihiro, Permanent Representative of Japan to the United Nations.

“Russia’s unprovoked, sustained aggression is nothing but a flagrant violation of the principles of the UN Charter,” he added.

J&J broadcasts IPO costs for shopper spinoff Kenvue

Johnson & Johnson products for sale in New York.

Scott Mill | CNBC

Johnson&Johnson will price shares of its consumer-health spinoff Kenvue at $20 to $23 in an IPO later this year, the company said in a regulatory filing filed Monday.

The spinoff, which would be valued at around $40 billion at this share range, could be the largest IPO to date in a subdued U.S. market for such offerings so far this year.

J&J said it has started a roadshow for an initial public offering of more than 151 million common shares. Kenvue plans to meet with potential investors as early as Monday, sources familiar with the matter told The Wall Street Journal.

Kenvue estimates the IPO will generate approximately $3.15 million in net proceeds, the filing said. These proceeds and any profits from related debt financing transactions will go to J&J.

Goldman Sachs, JPMorgan Chase And Bank of America are the lead underwriters for the IPO, the company said in its preliminary prospectus filed with the Securities and Exchange Commission.

Kenvue expects to grant the underwriters a 30-day option to purchase up to 22.6 million additional shares to cover any over-allotments, the filing reads.

J&J previously said it expects to complete the split from Kenvue by mid to late 2023.

The company announced that it will own 1.7 billion common shares of Kenvue after the IPO, representing 91.9% of the spin-off’s total shares. Last year, J&J said it would reduce the remainder of its stake in Kenvue later this year.

Kenvue would trade on the New York Stock Exchange under the stock ticker KVUE.

J&J’s consumer health business makes plasters, Listerine mouthwash, skin care products under the Neutrogena and Aveeno brands, pain reliever Tylenol and baby powder of the same name.

In 2022 alone, the unit had net sales of $15 billion. In the first quarter of 2023, the company generated sales of $3.8 billion. That represents growth of more than 7% over the same three-month period last year, according to J&J’s earnings report last week.

The company said it believes the business “empowers” about 1.2 billion people “to live healthier lives” every day.

Thibaut Mongon, J&J’s executive vice president and global chairman of consumer health, will serve as CEO and director of Kevnue prior to the completion of the IPO, the company said in the filing.

Paul Ruh, J&J’s chief financial officer of consumer health and a former PepsiCo executive, will become Kenvue’s CFO before the offer closes.

This $17 Amazon bum bag might be your new favourite useful accent

The brands featured in this article are partners in Amazon’s Creator Connections program, which means E! you may receive an increased commission on your purchase if you purchase something through our links. Prices are correct at time of publication. Items are sold by the retailer, not E!.

Were you looking for a new go-to accessory? Well, we think you’ll snag this Amazon bum bag every time you run out the door to carry your wallet, keys, and phone. It’s the perfect way to complete your coffee break, hot girl hike, or hiking outfits. It’s available in 34 different colors and to be honest we’re tempted to click add to cart on each one.

This bag has a handy adjustable strap so you can wear it in a variety of ways, whether crossbody or clipped around your waist. It’s also great for travel, allowing you to keep your wallet, ID or passport close and easily accessible.

Reviewers keep coming back to the look for its “versatility” and how it “frees your hands.” One reviewer even gushed, “It’s the best size! I can fit everything I need and I love the mesh side pockets on the inside and the small zippered pocket on the outside. Great fabric and super comfy!”

Scroll down to grab this trendy affordable bum bag!