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Medtronic plc. New York Stock Exchange
Open: $118.7 High: $119.29 Low: $116.56 Close: $116.598
Range: 2021-01-21 - 2021-01-22
Volume: 5,806,135
Market: Closed
Powered by Finage Stock APIDelayed data
Medtronic plc. Lower Hatch Street Dublin , 2
Medtronic PLC is a medical technology company. It is primarily manufactures and sells device-based medical therapies. It operates in Cardiac and Vascular, Minimally Invasive Therapies, Restorative Therapies and Diabetes segments.
  • CEO: Omar Ishrak
  • Employees: 86,000
  • Sector: Healthcare
  • Industry: Medical Devices
MDT News
Latest news about the MDT
  • Dynamic Funds wins 36 FundGrade A+® Awards across its fund line-up

    TORONTO, Jan. 22, 2021 /CNW/ - Dynamic Funds announced today that it has won 36 FundGrade A+® Awards across multiple fund and ETF categories.

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  • Statement from the Chief Public Health Officer of Canada on January 21, 2021

    OTTAWA, ON, Jan. 21, 2021 /CNW/ - As the resurgence of COVID-19 activity continues in Canada, we are tracking a range of epidemiological indicators to monitor where the disease is most active, where it is spreading and how it is impacting the health of Canadians and public health, laboratory and healthcare capacity.

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  • Intel Chairman Gets Medtronic Backing for $750 Million SPAC IPO

    (Bloomberg) -- Compute Health Acquisition Corp., a blank-check company set up by Intel Corp. Chairman Omar Ishrak, filed for a $750 million initial public offering to raise funds for dealmaking in the health technology sector.The special purpose acquisition company plans to sell 75 million units at $10 apiece, it said in a filing Wednesday, confirming an earlier Bloomberg News report. Each unit consists of one share of Compute Health’s class A common stock and one-quarter of a redeemable warrant.Medical device giant Medtronic Plc has expressed interest in buying 1.5 million units in the offering, according to the filing. The SPAC plans to pursue investment opportunities “that are emerging at the intersection of computation and health care,” it said.Increasing computing power and the rise of artificial intelligence will help improve medical treatment, leading to a period of industry disruption that’s just starting, according to Compute Health. Goldman Sachs Group Inc. is sole book-running manager for the deal.Ishrak, who led Medtronic before joining Intel, is chairman of the SPAC. He set up the vehicle with co-chief executive officers Jean Nehme, who helped found artificial intelligence startup Digital Surgery Ltd. and sold it to Medtronic, and Joshua Fink, who runs investment firm Ophir Holdings LLC and is the son of BlackRock Inc.’s Larry Fink.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Brain, Spine Stimulation Devices Are a Post-Pandemic Winner, Says Raymond James

    The equipment, made by companies such as Medtronic and Abbott Laboratories, offers an alternative to drugs for pain relief.

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  • Intel Chairman Planning Up to $1 Billion Health-Tech SPAC IPO

    (Bloomberg) -- Intel Corp. Chairman Omar Ishrak is planning to raise funds for a blank-check firm targeting deals in the health technology sector, according to people with knowledge of the matter.Ishrak, who previously ran medical device giant Medtronic Plc, could file public registration documents with the U.S. Securities and Exchange Commission as soon as Tuesday, the people said, asking not to be identified because the information is private. Ishrak is targeting to raise about $750 million to $1 billion for the special purpose acquisition company, or SPAC, they said.Goldman Sachs Group Inc. is leading preparations for the initial public offering, the people said. Hedge fund manager Joshua Fink, who is the son of BlackRock Inc.’s Larry Fink, and Medtronic executive Jean Nehme will have senior roles at the blank-check company, the people said. Ishrak is poised to be chairman, they said.A representative for Intel couldn’t immediately comment on behalf of Ishrak. A spokesperson for Goldman Sachs declined to comment.SPACs, once an obscure vehicle used by a few companies to go public, catapulted to record levels in 2020, raising about $79 billion on U.S. exchanges, according to data compiled by Bloomberg.That momentum has carried into 2021, with 53 blank-check companies raising $15 billion in listings so far in January, the data show. Forty-seven more SPACs this month have announced plans to raise a combined $11.7 billion and are awaiting IPOs.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Medtronic Launches First-of-Its-Kind Adaptive Deep Brain Stimulation (aDBS) Trial in Parkinson's Disease Patients

    Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced the first enrollment in ADAPT-PD (Adaptive DBS Algorithm for Personalized Therapy in Parkinson's Disease), its trial evaluating the safety and efficacy of adaptive deep brain stimulation (aDBS) in patients with Parkinson's Disease (PD). Adaptive deep brain stimulation is an investigational feature of the Percept™ PC device that could be enabled if approved. The investigational feature used in this study allows for automated adjustment of brain stimulation to provide therapy to manage symptoms of Parkinson's disease based on a patient's clinical state.

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  • Medtronic CEO on how the company is driving new advances in medical technology

    Geoff Martha, Medtronic CEO, joined Yahoo Finance Live to discuss the future of medical technology.

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  • Market Themes, Yield Spreads, Treasury Auction, JNJ Vaccine, Trading Medtronic

    Investors still appear set to favor the broadening out of at least some equity allocation as the flow of capital found favor in more cyclical type businesses. From the perspective of sector performance, Energy led the way yet again, followed by Discretionaries, Materials, Financials and Industrials, all (using Sector SPDRs as proxies) gaining a full percentage point or more. Left behind once again were the Information Technology, Health Care (which is at least a little surprising, we'll dig into that a little bit down below), and the Communication Services sectors.

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  • TSX Venture Exchange Stock Maintenance Bulletins


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  • Medtronic Points Up, but Wait for More Strength to Buy

    The technical indicators are mixed for the big medical device maker and suggest bulls are not strongly behind the latest advance in the shares.

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  • The Foundry Announces Successful First-In-Human Procedure In Study Of Innovative Transcatheter Mitral Valve Repair Technology

    The Foundry today announced the successful completion of the first-in-human procedure with the Half Moon Medical transcatheter mitral repair technology (TMVr) at Oregon Health and Science University (OHSU) as part of an FDA-approved early feasibility study. The first patient treated has been discharged from the hospital and is recovering as expected.

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  • Betting On a 2021 Recovery? Buy These 3 Stocks Now

    They didn't all struggle in 2020, but they will definitely all thrive if the economy bounces back this year.

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  • Here's Why You Should Hold on to Medtronic (MDT) Stock for Now

    Investors continue to be optimistic about Medtronic (MDT) on slew of product launches and regulatory approvals.

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  • 15 Largest Medical Device Companies in the World

    In this article, we are going to list the 15 largest medical device companies in the world. Click to skip ahead and jump to the 5 largest medical device companies in the world. What are the largest medical device companies in 2021? The sudden emergence of serious infections such as the novel coronavirus is expected to drive […]

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  • Medtronic Chairman and CEO Geoff Martha to Speak at J.P. Morgan Healthcare Conference

    DUBLIN, Jan. 4, 2021 /CNW/ -- Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced it will participate virtually in the 39th Annual J.

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  • Medtronic (MDT) MITG Shows Fast Recovery Amid COVID-19 Woes

    Medtronic (MDT) expects fiscal third-quarter MITG growth to be in the low single digits.

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  • Blair Blasted Over Border Failure

    TORONTO, Dec. 28, 2020 /CNW/ - As a war of words erupts between Ontario premier Doug Ford and Public Safety Minister Bill Blair, a union representing airline workers is speaking out about the mounting evidence that demonstrates a failure of the current border policies and an apparent disconnect between federal politicians and the agencies responsible for protecting Canadians.

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  • Medtronic (MDT) Up 0.6% Since Last Earnings Report: Can It Continue?

    Medtronic (MDT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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  • Better Buy: Intuitive Surgical vs. Medtronic

    Intuitive Surgical and Medtronic are involved in robotic-assisted surgery (RAS) systems, but Intuitive's shares have soared compared to the gains enjoyed by Medtronic's stock.

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  • All You Want for Christmas Is a Home Movie Theater

    (Bloomberg Opinion) -- The dark textured walls are lined with dimly lit sconces and surround-sound speakers. Below them, carpeted tiers of cup-holding reclining seats jut toward a large projection screen. The room doesn’t yet smell of buttery popcorn, but it begs for it — this is a movie theater, after all. Except this theater doesn’t require tickets or face coverings. It isn’t even attached to a mall or parking lot. It’s just a room in the basement of a home that recently sold in Paramus, New Jersey. The scene isn’t an unusual one for Bergen County, one part of the state that’s experienced a boom in home sales amid the Covid-19 pandemic as city dwellers seep into suburbs in search of more space. The area is teeming with realtors’ signs and McMansions racing to finish construction before the buying frenzy is over. In November, the rate of U.S. housing starts for single-family homes rose for a seventh month to the highest since 2007. Demand for million-dollar listings has been growing the fastest, according to the Mortgage Bankers Association. And in towns like Paramus, those tend to come with a few requisites tailored to post-Covid life: plenty of office space, a gym — and a movie theater with all the fixings.“In new constructions it’s now almost standard,” said Taylor Lucyk, a broker associate for Christie’s International Real Estate in northern New Jersey. He started noticing more home theaters in 2019, but at the time they were more of a bonus feature. “Now with Covid, it’s just kind of become the norm.”As Wall Street investors try to gauge whether multiplex cinema operators will survive the crisis, it’s hard to look at this trend and feel very optimistic about movie chains’ prospects. That’s not to say that mini home theaters — a swanky excess of million-dollar houses — are becoming commonplace. But middle-class households are increasingly investing in electronics that try to recreate the theater experience as well. The declining cost of large, high-resolution television sets and sound bars has made that possible.A quick online search on Amazon and Best Buy shows 65-inch 4K flat-panel smart TVs for as low as $400 (though the ultra-vivid OLEDs are still much more expensive). Between 2014 and 2019, the average cost-per-square-inch of screen in the U.S. fell to 39 cents from $2.15, an 82% drop, according to a Deloitte report this month that predicts a rise in sales of next-generation 8K TVs is coming next.Cinema-quality streaming programs — such as the onslaught of Star Wars and Marvel series hitting Disney+ in the coming years — will make 4K and 8K TVs that much more desirable. AT&T Inc.’s Warner Bros. studio is even releasing all of next year’s films, including big-budget productions such as “Dune” and “The Matrix 4,” on HBO Max the same day that they arrive in theaters. In the meantime, Covid-19 has made all things home entertainment — streaming-TV apps, video games, comfortable viewing setups — almost indispensable.TV sales are at a record in the U.S. this year, according to Stephen Baker, vice president at research firm NPD Group Inc. and adviser to the technology and mobile industries. He sees the final tally coming in at $17 billion to $18 billion, up from $14.7 billion in 2019. Nearly 10 million more units will have sold this year than in any other time during the last decade. He said a large part of the growth is coming from really big TVs — 65 inches and larger. That’s quite a shift from predictions that tablets and phones would become the viewing device of choice in the streaming era. “We all got maybe a little bit seduced by the start of mobile streaming, and what we’ve see in the past couple of years is this return to the home-entertainment stack,” he said. “Everybody wants the biggest, best TV they can afford.”As for projectors, Epson America, a unit of Japan’s Seiko Epson Corp., has had double-digit sales growth “across the board” for its home theater projector models ranging in price from $500 to more than $5,000, said Mike Isgrig, vice president of North America consumer sales and marketing for the electronics company. And shoppers aren’t just buying projectors for indoor use — a summer spent at home drove interest in backyard movie nights as well.None of this is likely to be a 2020 phenomenon. And so the double blow of the pandemic and the streaming wars could mean that movie theaters — the kind where you sit next to strangers — never fully rebound. In the latest weekly Morning Consult poll, 39% of U.S. adults said it would be more than six months before they’d feel comfortable going to the movies; another 23% didn’t know or didn’t have an opinion. It’s not a good sign that the majority are either still wary of theaters or just don't care to go anymore.Related: We Have Learned to Live Without Movie Theaters: Tara LachapelleThe coronavirus wasn’t the cause of this shift, but it was a potent accelerant. And it could be argued that the biggest change this year wasn’t even in consumer behavior — that began long before Covid-19. Instead, it was the entertainment giants that stopped resisting the Netflixication of Hollywood. After both Warner Bros. made its Dec. 3 announcement regarding next year’s films and Walt Disney Co. held its streaming-strategy reveal on Dec. 10, there was a central theme in the reader comments that subsequently flowed in: It was time to buy that 65-inch TV. Here’s one such response made public on LinkedIn: Christopher Nolan, who wrote and directed Warner Bros.’ “Tenet,” reportedly told a cinema industry trade show in June that the sci-fi spy thriller “is a film whose image and sound really needs to be enjoyed in your theaters on the big screen.” But why? Technology has made it possible to get much the same experience without leaving home. When “Wonder Woman 1984,” another Warner Bros. movie, gets released to both theaters and HBO Max on Christmas day, the streaming uptake and reviews will only give the industry more confidence that it is moving in the right direction. As for consumers who already invested in a big-screen TV, a popcorn machine may be next. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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