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Business News: Baxter cuts jobs | FTC M&A rule struck down | Moderna's mRNA flu vaccine | Walmart returns | UHC profit share

News You Need to Know Today
Business News: Baxter cuts jobs | FTC M&A rule struck down | Moderna's mRNA flu vaccine | Walmart returns | UHC profit share
Tuesday, February 24, 2026
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Editor's Choice: Business News

Baxter cuts 90 jobs from IV solutions site once devastated by Hurricane Helene

The facility near Asheville, North Carolina, was shut down after floodwater from the 2024 hurricane left its production lines inoperable. It took the company roughly five months to resume normal operations—and now it’s seeing a slowdown in demand in wake of the supply chain disruption. 

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Helene damage to bridge Baxter North Cove facility in North Carolina.
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Baxter cuts 90 jobs from IV solutions site once devastated by Hurricane Helene

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Helene damage to bridge Baxter North Cove facility in North Carolina.
The facility near Asheville, North Carolina, was shut down after floodwater from the 2024 hurricane left its production lines inoperable. It took the company roughly five months to resume normal operations—and now it’s seeing a slowdown in demand in wake of the supply chain disruption. 
READ MORE >

Federal court strikes down FTC mergers and acquisitions reporting rule

A U.S. District Court in Texas ruled that the agency overstepped its regulatory authority in passing the 2024 Biden-era reporting requirement, which would require stakeholders to spend more than 100 hours filling out a long form to give the agency more oversight of transactions. 

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Federal Trade Comission FTC Sign logo
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Federal court strikes down FTC mergers and acquisitions reporting rule

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Federal Trade Comission FTC Sign logo
A U.S. District Court in Texas ruled that the agency overstepped its regulatory authority in passing the 2024 Biden-era reporting requirement, which would require stakeholders to spend more than 100 hours filling out a long form to give the agency more oversight of transactions. 
READ MORE >

New healthcare private equity reporting requirements set to go into effect

HealthExec zooms in on laws passed in Massachusetts, Oregon and California that are set to change how hedge funds interact with patient care organizations.

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private equity corporatization business consolidation
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New healthcare private equity reporting requirements set to go into effect

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private equity corporatization business consolidation
HealthExec zooms in on laws passed in Massachusetts, Oregon and California that are set to change how hedge funds interact with patient care organizations.
READ MORE >

Community Health Systems sells ambulatory diagnostics segment to Labcorp for $194M

The all-cash deal is expected to be finalized in April 2026. With this divestment of its ambulatory labs, Tennessee-based Community Health Systems said it will be better able to focus on its core patient care business. 

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Community Health Systems sells ambulatory diagnostics segment to Labcorp for $194M

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The all-cash deal is expected to be finalized in April 2026. With this divestment of its ambulatory labs, Tennessee-based Community Health Systems said it will be better able to focus on its core patient care business. 
READ MORE >

Moderna, FDA reach compromise to accelerate approval of mRNA flu vaccine

The dispute centered around the pharmaceutical company's request for the shot to be approved for those aged 65 and over, a demographic the FDA argued was not properly represented in a 40,000-person clinical study. The company has agreed to perform additional research after the shot goes to market, having appeased regulators with safety data.

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Flu Shot
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Moderna, FDA reach compromise to accelerate approval of mRNA flu vaccine

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Flu Shot
The dispute centered around the pharmaceutical company's request for the shot to be approved for those aged 65 and over, a demographic the FDA argued was not properly represented in a 40,000-person clinical study. The company has agreed to perform additional research after the shot goes to market, having appeased regulators with safety data.
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FDA approves medical device for pancreatic cancer therapy—the first new treatment in 30 years

Developed by Novocure, the portable Optune Pax system uses tumor treating fields aimed directly at the site of the cancer to disrupt cell reproduction. A Phase 3 clinical trial shows it improves survival by two months on average versus chemotherapy alone.

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CT findings linked with pancreatic cancer
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FDA approves medical device for pancreatic cancer therapy—the first new treatment in 30 years

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CT findings linked with pancreatic cancer
Developed by Novocure, the portable Optune Pax system uses tumor treating fields aimed directly at the site of the cancer to disrupt cell reproduction. A Phase 3 clinical trial shows it improves survival by two months on average versus chemotherapy alone.
READ MORE >

Walmart dips its toe back into healthcare with new digital platform

Less than two years after closing its patient care clinics and selling its telehealth services, Walmart is re-entering healthcare with a new platform to match patients with virtual providers.

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walmart_mike_mozart_flickr.jpg
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Walmart dips its toe back into healthcare with new digital platform

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walmart_mike_mozart_flickr.jpg
Less than two years after closing its patient care clinics and selling its telehealth services, Walmart is re-entering healthcare with a new platform to match patients with virtual providers.
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Epic, provider groups sue companies over alleged scheme to sell patient data

In a lawsuit, the EHR giant accuses Health Gorilla, et al., of posing as patient care entities to gain access to nearly 300,000 medical records, in violation of HIPAA. Health Gorilla vehemently denies the allegations.

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Epic sign at HQ campus DF
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Epic, provider groups sue companies over alleged scheme to sell patient data

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Epic sign at HQ campus DF
In a lawsuit, the EHR giant accuses Health Gorilla, et al., of posing as patient care entities to gain access to nearly 300,000 medical records, in violation of HIPAA. Health Gorilla vehemently denies the allegations.
READ MORE >

Humana and Google partner on healthcare AI ‘Agent Assist’ for improved member support

The insurer said Google’s Gemini was part of the new AI’s core development. The system will support customer service interactions by automatically summarizing calls and pulling up relevant information, without the need for manual input. The Google Cloud will be providing the necessary data security to ensure patient privacy, the companies added. 

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Humana
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Humana and Google partner on healthcare AI ‘Agent Assist’ for improved member support

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Humana
The insurer said Google’s Gemini was part of the new AI’s core development. The system will support customer service interactions by automatically summarizing calls and pulling up relevant information, without the need for manual input. The Google Cloud will be providing the necessary data security to ensure patient privacy, the companies added. 
READ MORE >

UnitedHealth promises to return ACA profits to members as CEO addresses Congress

UnitedHealth Group CEO Stephen Hemsley is expected to make the announcement in front of Congress, where he will also offer other policy solutions. The company said it’s still working out details on how to best distribute its profits to customers. 

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congressional hearing on artificial intelligence
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UnitedHealth promises to return ACA profits to members as CEO addresses Congress

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congressional hearing on artificial intelligence
UnitedHealth Group CEO Stephen Hemsley is expected to make the announcement in front of Congress, where he will also offer other policy solutions. The company said it’s still working out details on how to best distribute its profits to customers. 
READ MORE >

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