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CVS hears the Amazon footsteps -- and the pharmacy giant is wasting no time trying to get ahead of any Jeff Bezos plan to disrupt the drug store business the way that he has the rest of retail.CVS said Monday that it plans to offer next day delivery of prescription drugs nationwide in 2018. In some urban markets, CVS will even deliver on the same day.A program to deliver both medications and a select offering of other CVS products from the front of the store will begin in Manhattan on December 4.CVS CEO Larry Merlo made the announcements during the company's earnings conference call with analysts.The news comes just a few weeks after reports surfaced that Amazon had received wholesale pharmacy licenses in a dozen states.That move would potentially allow Amazon to sell prescription medications online.The speculation caused the shares of CVS and rival Walgreens to fall, as did pharmacy benefits manager company Express Scripts, a competitor of the CVS-owned PBM Caremark.The stocks of drug distributors Cardinal Health, AmerisourceBergen and McKesson all fell too.This is because investors are worried that Amazon, which is already changing the dynamics of the grocery business thanks to its acquisition of Whole Foods, may look to do the same for drug stores.But Merlo said during the call with analysts Monday that he still sees Amazon as more of a potential ally than threat."You would never close the door on any type of partnership," Merlo said, when asked by an analyst about possibly working with Amazon.Still, CVS seems to recognize that the health care landscape is changing rapidly, and it needs to adjust. There have even been recent rumors that CVS may look to buy health insurer Aetna.Aetna scrapped plans to merge with rival Humana earlier this year due to intense regulatory scrutiny. Another insurer merger proposed by Anthem and Cigna died as well.Since then, the lines between health insurers and the pharmacy giants have grown increasingly blurred and incestuous.Anthem recently started up its own PBM, called IngenioRX, and has partnered with CVS.And Walgreens has partnered with a Blue Cross-backed PBM Prime Therapeutics to form a new mail order pharmacy company.Merlo and other CVS executives did not address any of the Aetna chatter on the conference call.But if the rumors are true -- and if an Aetna deal passed antitrust scrutiny -- then CVS appears to be on its way towards building a formidable health care/retail giant that may avoid getting Amazon-ed. 2507
COVID-19 has killed more than 50,000 people in nursing homes and long-term care facilities. That is at least 40% of all U.S. coronavirus deaths.The White House put in new measures recently to better protect residents.“The numbers are continuing to rise. We're just beginning to get some of the numbers out of some of the states and so this is a real outrage,” said Bill Sweeney, Senior Vice President of Government Affairs at AARP. “It didn't have to be this way, and this is a national disgrace.”AARP says required virus case data from facilities is happening too late. They're about a week behind and testing isn't consistent.Some facilities are still having issues with PPE, including training staff to wear it properly.Both Republicans and Democrats want to give more help to nursing homes in the next relief bill.AARP is concerned about the lack of inspections and oversight. It worries some facilities will get immunity from lawsuits.“Without inspections, without the ombudsman being able to go in and find out what’s going on in the facilities, without family visits being allowed, there's been no accountability at all and if they give immunity to these nursing homes, there won’t ever be accountability,” said Sweeney. “There will never be justice for families whose loved ones were treated poorly.”Before the pandemic, AARP says eight out of ten nursing homes were cited for infection control problems.Meanwhile, AARP encourages family members to call their representative in Congress if they are worried about their loved one and are not getting answers. 1573

Click here to find out how you can help with the funeral costs for a young boy and his uncle who died in a collision in Ramona on Dec. 24. 146
Corporate America is coming to Wall Street's rescue.The Dow soared?548 points, or 2.2%, on Tuesday as investors cheered fat profits from major companies and relative calm in the bond market. The huge rally, the Dow's best day since March, helped the index recover a chunk of last week's hefty losses.Tech stocks, the biggest losers during the market turmoil, raced back to life. The Nasdaq spiked nearly 3%, while the S&P 500 advanced 2.2%.Investors piled back into tech darlings. Amazon, Facebook and Netflix closed sharply higher."It's a bounce back after an overdone situation last week," said David Joy, chief market strategist at Ameriprise Financial.Market sentiment was lifted by earnings beats from Goldman Sachs, Morgan Stanley and Johnson & Johnson. Adobe and UnitedHealth added to the good news by offering upbeat guidance for 2019.Taken together, the corporate report cards underscore the ability of businesses to cash in on the strong US economy. And the results should ease fears about the US-China trade war."We're focusing back on fundamentals," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. Suzuki called Tuesday's rally a "reflexive rebound."Last week, the Dow, S&P 500 and Nasdaq all suffered their worst week since March. At one point, the Dow plummeted more than 1,000 points in just two trading days.Despite Tuesday's advance, all three major indexes remain firmly in the red for the month.One major source of investor nervousness has improved: bond yields. A sudden spike in 10-year Treasury rates above 3.25% spooked markets. The rapid climb in rates was driven by the strong economy, the surging federal deficit?and concerns about a more aggressive Federal Reserve.Investors feared higher borrowing costs that could slow growth and sudden competition for the stock market from boring bonds.But Treasury rates, which move in the opposite direction of prices, eased late last week as investors poured cash into the safety of government bonds. Rates have stabilized at around 3.15%, relieving stock market bulls."That has reassured people that this is not the start of something much worse that could really sidetrack the market," said Bruce McCain, chief investment strategist at Key Private Bank. 2288
City officials voted unanimously on Thursday to install two new rainbow-painted crosswalks to show support for the LGBTQ community in Phoenix. The vote was in response to interest by community groups after noting several other cities across the country have installed rainbow crosswalks as a symbol of inclusiveness with the LGBTQ community. "Phoenix values and embraces its LGBTQ brothers and sisters," Mayor Greg Stanton said. "Phoenix is committed to ensuring equal treatment and rights for everyone and showing our support because we know diversity makes us stronger." The proposed rainbow crosswalks would be installed at two existing pedestrian crosswalks, located at Central Avenue and Portland Street, and the other at the crossing of 7th and Glenrosa avenues. The Phoenix Pride Community Foundation, one-n-ten, and Aunt Rita's Foundation have offered to cover the costs of materials, installation and ongoing maintenance for the rainbow-painted portions of the crosswalks that are not already maintained by the city. All three groups are non-profits that serve and assist LGBTQ individuals and the community."The City of Phoenix has always maxed out its score on the equality index. They've been longtime supporters of not only one n ten but Phoenix Pride and all of our LGBTQ organizations," said Travis Shumake, with one-n-ten. "Several corporations have gotten behind us to say we'll help you maintain that crosswalk. If you can make it happen we'll figure out how to make sure its paid for so our youth feel welcome in this vibrant city."City staff will work with these organizations to help provide specifications for design, materials, installation, and maintenance. 1746
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