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<img src="http://ww2.hdnux.com/photos/60/46/10/12739117/3/920×920.jpg" alt='In this Tuesday, Sept. 13, 2016, photo, a selection of Johnson & Johnson brand first aid products are shown in Surfside, Fla. Johnson & Johnson reports financial earnings Tuesday, April 18, 2017. dig thisPhoto: Wilfredo Lee, AP / Copyright 2016 The Associated Press. All rights reserved.’ /> The world’s biggest maker of health care products cited its biggest-ever acquisition the pending $30 billion purchase of Swiss biopharmaceutical company Actelion for the raised forecast. That deal’s expected to close during the current quarter. J&J also benefited from several smaller acquisitions and from the ongoing restructuring of its medical device segment, begun in early 2016. Revenue was crimped by slower growth in many consumer health product categories and by payers demanding bigger rebates off the prices of certain prescription drugs, Chief Financial Officer Dominic Caruso said in an interview. Caruso said drugs with significant competition, particularly cardiovascular, diabetes and other primary care drugs, were particularly hurt by the pricing pressure. “The diabetes market is very price sensitive, and (net) prices have been declining for some time,” Caruso noted. That’s why J&J has been exploring the sale of its diabetes care businesses, which make test strips and insulin pumps, but will continue selling diabetes pill Invokana, whose sales fell 13 percent in the quarter to $284 million. The New Brunswick, New Jersey-based company on Tuesday reported net income of $4.42 billion, or $1.61 per share, down from $4.46 billion, or $1.59 per share, a year earlier. Earnings, adjusted for one-time costs, came to $1.83 per share, six cents above Wall Street expectations. Revenue totaled $17.77 billion, up 1.6 percent but below Street forecasts for $18.01 billion. In late-morning trading, J&J shares dropped $4.62, or 3.7 percent, to $121.10.
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Costales said she decided it was important to educate the community about the connection between poverty and mental health, and began exploring ways to make a documentary film. The result will debut Wednesday at the Art Theatre. I knew that once we were able to help the children on the waiting list there would still be others after them in need of the same services, Costales said. That caused me to consider how much more effective we could be in helping these children if we thought of their school, their neighborhood or their community as the client. This documentary is one piece of how were broadening our focus and empowering community members through trauma-informed education to help make a difference in their schools, neighborhoods or workplaces. Costales began looking for collaborators, and found them both in Long Beach and on Catalina Island, where the Guidance Center has a satellite clinic. Both have a population where significantly more people live below the poverty line then the national average. Costales and clinical therapist Nathan Swaringen explain in the film how poverty can result in trauma that, in turn, causes mental health issues in children. When that situation is constant, the ongoing stress and trauma has a big impact on both adults’ and children’s brains. “It’s not necessarily poverty that causes trauma; it’s the anxiety, chaos and uncertainty that comes with being poor,” Costales said.
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