The Latest Breaking News from Baxter

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PHILADELPHIA — Philadelphia officials say tap water from the Baxter treatment plant is safe to drink at least through 3:30 p.m. Tuesday as they continue to monitor the impact of a chemical spill from a plant upstream on the Delaware River.

Baxter International, a maker of renal and hospital products, plans to lay off workers as part of a cost reduction plan aimed at addressing what’s been a challenging time for the company.

Medical device companies and some drugmakers with manufacturing operations in Puerto Rico said they do not expect meaningful disruption from Hurricane Fiona, which knocked out power for over 3 million people and caused flooding and landslides on the island.

Less than six weeks after defense contractor and airplane-maker Boeing announced it would move its global headquarters out of downtown Chicago, leaders of another major corporation are set to leave the region.

Baxter International Inc (NYSE:BAX) has posted Q1 revenue of $3.71 billion, beating the consensus of $3.68 billion, up 26% on a reported basis, 29% on a constant currency basis, and 3% on an operational basis. Adjusted EPS of $0.93 increased 22%, ahead of the consensus of $0.80. Baxter's newly acquired Hillrom businesses…

If Elon Musk and Twitter get their way, the company will soon be privately held and under his control

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