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This morning’s Senate Appropriations Committee’s markup of the FY26 Labor / HHS funding bill, which includes a $400M increase (+0.8% YoY) for NIH, should serve as an interim clearing event for life science tools (LST)…

Against the backdrop of positive Q2 earnings, upward full-year guidance, and voiced confidence in the ability to manage the medical cost and utilization trends throughout 2H and into next year, we think the recently refiled…

We wanted to highlight our expectations for defense spending in FY26 and the upcoming legislative schedule for the defense sector.  Bottom line: we still believe that a continuing resolution (CR) funding defense at FY25 levels…

Today’s CMS release regarding its CY26 Medicare Part D program gives  the impression the agency is focusing on stability in its drug benefit program with the goal to ensure 1) enrollees – especially those in…

With the House out of session until September 2 and the Senate scheduled to leave for its August recess at the end of this week, trade seems likely to continue to dominate the headlines as…

We view CMS’s clinical laboratory advisory panel today as an incremental positive for Guardant Health (GH), despite what appears to be a lack of endorsement for the company’s request that payments for Reveal (0569U: $1,644)…

While exchange insurers (OSCR, CNC, ELV) and hospitals (THC, CYH, ARDT, UHS, HCA) try to figure out their  Obamacare businesses for next year with the various regulatory and reconciliation-related changes leading to anticipated enrollment declines…

We wanted to provide an update on the potential breakup of Live Nation and Ticketmaster (LVY) after receiving some client questions on the topic. Our bottom line is that we see a 60-65% probability that…

We expect trade, appropriations and the Epstein controversy to dominate the news flow this week. Both the House and Senate are in session this week with the Senate tentatively scheduled to consider a group of…

We want to provide an update on state legislation that would allow ride-hail drivers for companies such as Uber (UBER) and Lyft (LYFT) to unionize in California. We think that California legislation, AB 1340, the…