Apr 25, 2017

Here's who is spending the most on health care lobbying

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Health care profits dip, but stocks soar

Data: FactSet; Chart: Axios Visuals

Health care industry earnings fell 18% in the third quarter of this year, compared with the same period in 2018, due in part to the costs associated with opioids litigation, according to the Axios tracker of almost 170 health care companies.

Yes, but: The industry still churned out a 6.1% profit margin, and health care stocks are at the highest they've been all year because Wall Street foresees a very profitable election year.

Go deeperArrowDec 17, 2019

General Motors, Ford among new funders of carbon tax push

More companies from across the corporate spectrum are joining a long-shot advocacy effort to pass a carbon tax in a bitterly divided Congress.

Driving the news: General Motors, Ford, IBM and two electricity companies — Calpine Corporation and Vistra Energy — are putting money toward a lobbying campaign that would put a price on CO2 emissions and refund revenue back to consumers.

Go deeperArrowDec 19, 2019

Health care IPOs had a very good 2019

Data: Yahoo Finance; Chart: Andrew Witherspoon/Axios

Two-thirds of the 68 health care companies that went public in 2019 traded above their IPO price by the end of year — many of which provided huge initial returns to owners and outside investors.

The big picture: The vast majority of health care companies that go public are biotechnology firms. Several of those biotechs in the 2019 class benefited from some promising, but extremely early, clinical trial data.

Go deeperArrowJan 9, 2020