Morning Headlines 2/3/16

White House To Request $1 Billion For Cancer ‘Moonshot’

President Obama will ask Congress to back his recently announced Cancer Moonshot project with $755 million for  cancer research. Congress already approved $195 million in research funding for 2016, bringing the projects total budget to nearly $1 billion over the next two years.

Aetna Reports Surge in Profit and a Dark Spot

Aetna reports Q4 results: revenue of $15 billion contributed to a 38 percent increase in profit, EPS $0.91 vs $0.65, missing on earnings but meeting revenue expectations. Like UnitedHealth, the company noted that its public exchange business was losing money.

Roper Industries Misses Q4 Street Views On EPS, Revenues

Roper Industries, parent company of Sunquest, reports Q4 results: revenue was flat at $943 million compared to $946 million during the same quarter last year, EPS $1.82 vs. $1.85, missing analyst estimates for both.

Theranos continues to dodge opportunities to validate its inventions

Theranos indefinitely delays its promise to allow its partner Cleveland Clinic to independently verify its technologies, while also confirming that it would not publish data to validate its tests before securing FDA approval for them.