{"id":72625,"date":"2026-10-05T16:38:15","date_gmt":"2026-10-05T20:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/abbvie-cuts-2026-guidance-as-new-york-declares-measles-emergency\/72625\/"},"modified":"2026-10-05T16:38:15","modified_gmt":"2026-10-05T20:38:15","slug":"abbvie-cuts-2026-guidance-as-new-york-declares-measles-emergency","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/abbvie-cuts-2026-guidance-as-new-york-declares-measles-emergency\/72625\/","title":{"rendered":"AbbVie Cuts 2026 Guidance as New York Declares Measles Emergency"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>AbbVie (<a href=\"\/stock\/ABBV\">ABBV<\/a>)<\/strong> lowered its full-year 2026 adjusted earnings guidance to <strong>$13.76\u2013$13.96 per share<\/strong>, falling short of the <strong>$14.02<\/strong> analyst consensus after recording <strong>$216 million<\/strong> in R&amp;D-related expenses.<\/li>\n<li><strong>New York Governor Kathy Hochul<\/strong> declared a <strong>State Disaster Emergency<\/strong> effective through Nov. 4, 2026, following a surge in measles cases primarily concentrated in rural areas and neighboring Pennsylvania.<\/li>\n<li><strong>McKesson (<a href=\"\/stock\/MCK\">MCK<\/a>)<\/strong> and private equity firm <strong>Clayton Dubilier &amp; Rice (CD&amp;R)<\/strong> are reportedly nearing a deal to acquire <strong>Option Care Health (<a href=\"\/stock\/OPCH\">OPCH<\/a>)<\/strong> for over <strong>$5 billion<\/strong>, including debt.<\/li>\n<li><strong>Yemen&#39;s Houthi rebels<\/strong> claimed to have launched three military operations targeting <strong>Saudi Arabia<\/strong>, including strikes on oil infrastructure, though Saudi officials have not yet confirmed the incidents.<\/li>\n<\/ul>\n<h2>AbbVie Adjusts Outlook Amid R&amp;D Charges<\/h2>\n<p>Biopharmaceutical giant <strong>AbbVie (<a href=\"\/stock\/ABBV\">ABBV<\/a>)<\/strong> updated its financial outlook on Monday, revealing that third-quarter 2026 earnings will be impacted by <strong>$216 million<\/strong> in acquired in-process research and development (IPR&amp;D) and milestones expenses. This charge is expected to reduce both GAAP and adjusted diluted earnings per share (EPS) by <strong>$0.11<\/strong> for the quarter.<\/p>\n<p>The company now projects Q3 adjusted diluted EPS between <strong>$3.73 and $3.77<\/strong>, notably lower than the <strong>$3.84<\/strong> analyst estimate. <em>The downward revision reflects the ongoing costs of aggressive pipeline expansion and the immediate accounting impact of milestone-based acquisitions.<\/em><\/p>\n<h2>New York Issues Emergency Order Over Measles Outbreak<\/h2>\n<p><strong>Governor Kathy Hochul<\/strong> has declared a <strong>State Disaster Emergency<\/strong> in New York, citing 108 confirmed measles cases as of Oct. 3. The outbreak has been particularly severe since mid-July, with 92 cases reported in under-immunized rural communities across 18 counties.<\/p>\n<p>The executive order suspends specific regulations to allow <strong>paramedics and EMS providers<\/strong> to administer the MMR vaccine. Furthermore, the order waives individual consent requirements for MMR vaccinations for adults aged 19 and over during the emergency period. <em>Officials noted that neighboring Pennsylvania is facing a &quot;rapidly progressing&quot; outbreak with nearly 1,000 cases, heightening the risk of cross-border transmission.<\/em><\/p>\n<h2>McKesson and CD&amp;R Target $5B Option Care Buyout<\/h2>\n<p><strong>McKesson (<a href=\"\/stock\/MCK\">MCK<\/a>)<\/strong> and <strong>Clayton Dubilier &amp; Rice<\/strong> are in advanced talks to acquire <strong>Option Care Health (<a href=\"\/stock\/OPCH\">OPCH<\/a>)<\/strong>, the largest independent provider of home infusion services in the U.S. The deal is expected to value the company at more than <strong>$5 billion<\/strong> including debt.<\/p>\n<p>Under the proposed structure, <strong>CD&amp;R<\/strong> would hold a <strong>51%<\/strong> controlling stake, while <strong>McKesson<\/strong> would own <strong>49%<\/strong> with an option to purchase the remainder in the future. <strong>Option Care Health<\/strong> shares surged <strong>22%<\/strong> in after-hours trading following the report, as investors reacted to the potential premium over its current enterprise value.<\/p>\n<h2>Geopolitical Tensions Rise as Houthis Claim Saudi Strikes<\/h2>\n<p>Yemen&#39;s <strong>Houthi rebels<\/strong> announced on Monday that they conducted three military operations within <strong>Saudi Arabia<\/strong>. While the group claimed successful strikes against &quot;vital targets,&quot; there has been no official confirmation from Riyadh regarding damage or casualties.<\/p>\n<p>The escalation comes as the Saudi-backed Yemeni government launched a major counteroffensive to retake territory held by the rebels. <em>Energy markets remain on edge as Houthis continue to threaten oil infrastructure and maritime shipping routes in the Red Sea and Bab al-Mandab Strait.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways AbbVie (ABBV) lowered its full-year 2026 adjusted earnings guidance to $13.76\u2013$13.96 per share, falling short of the $14.02 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