U.S. stocks fell, after yesterday’s rally in the Standard & Poor’s 500 Index, as the International Monetary Fund cut its 2014 outlook for America and urged the central bank to carefully manage its exit from stimulus plans.
Edwards Lifesciences Corp., the biggest-maker of aortic heart valves implanted with a catheter, plunged the most in a dozen years after the company cut its 2013 forecast on slower-than-anticipated sales.
U.S. stocks rose for the week, with the Standard & Poor’s 500 Index rebounding from the biggest drop since November, as companies beat earnings estimates amid speculation central bank stimulus will continue.
Abbott Laboratories needs to conduct more research on its proposed clamp for leaky heart valves before U.S. regulators can decide whether to approve the device, Food and Drug Administration staff said today.
Novel devices from Medtronic Inc. and Edwards Lifesciences Corp. that repair damaged aortic valves without open-heart surgery safely helped patients in two of the largest and longest reviews of the technology.
A tiny tissue tear has gotten in the way of the careers of former New York Knicks point guard Jeremy Lin and English Premier League soccer star Michael Essien. The same injury also routinely ruins the fun of millions of weekend warriors. Now a new technology using pig tissue may save those careers and undo the painful damage from torn meniscus in knees.