American medical devices and pharma giant
Boston Scientific has confirmed a cyberattack that is disrupting access to IT systems and critical applications. The company is working to restore services, but a full timeline for restoration is not yet known. The incident follows a string of breaches affecting medical device makers and healthcare tech firms this year.
A string of cyber incidents targets McKesson and Beacon CRM-holding charities in the UK. McKesson reports data exfiltration and service degradation after a Snowflake/Salesforce cloud breach. Separately, Beacon CRM vulnerabilities have affected about 1,500 charities, prompting warnings to supporters and measures to bolster security.
The Department of Justice has reached a settlement with Abbott over concerns about a Michigan plant that produced a major share of the U.S. infant formula supply. Regulators cite unsanitary conditions; Abbott reports no admission of fault and notes negative tests on unopened product from infants’ homes. The deal directs corrective steps and allocates funds to regulators and whistle-blowers.
Investors are turning to quality stocks as higher borrowing costs and a slower AI-driven rally reshape the market. Banks and strategists say quality can weather the downturn, with durable earnings, strong balance sheets, and cash flow guiding the next phase. Top analysts highlight hyperscalers and select AI-adopters as key exposures.