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0.000196039992158501 0.000196039992158501 0.000196039992158501 9.80199960792503E-05 -0.00186237992550478 -0.00171534993138597 -0.000490099980395973 0.000637129974514918
Stock impact report

Abbott Verdict And Exact Sciences Deal Reshape Risk And Growth Outlook [Yahoo! Finance]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research Source: Yahoo! Finance
Abbott Laboratories faces a $70 million jury verdict in Illinois over alleged failure to warn about risks linked to its Similac Special Care infant formula. The company is confronting more than 1,700 similar lawsuits nationwide tied to necrotizing enterocolitis in premature infants. Abbott also announced a $21 billion deal to acquire Exact Sciences, described as the largest healthcare diagnostic acquisition in two years. For investors watching NYSE:ABT, these developments arrive after a challenging stretch for the share price. Abbott trades at $101.05, with a 30-day return of a 6.5% decline and a year-to-date return of an 18.6% decline, while the 1-year return is an 18.3% decline. Over 3 years, the stock shows a 3.0% gain, and over 5 years, a 7.5% decline. The verdict and pending litigation introduce additional legal and reputational questions, while the Exact Sciences deal indicates a major shift in Abbott's diagnostics footprint. Readers may focus on how management balances Show less Read more
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