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Medical device companies, including Baxter, GE HealthCare, Philips, are at risk from changes in hospital spending in next 12 to 18 months due to potential recession, inflation; Moody's Investor Services

GlobalData: Medical device industry has been slow to change sustainability practices, but needs to act soon to reduce waste, CO2 emissions; Philips is an example, as it plans to improve its products' energy efficiency, make packaging easier to recycle

Philips cutting 4,000 jobs, about 5% of workforce, resulting in savings of US$296.0M reports Wall Street Journal; Philips recently recalled 18 million sleep apnea masks and reported loss of US$1.3B in Q3 due to issues in sleep, respiratory-care businesses

Cargo Owners for Zero Emission Vessels adds companies such as Target, Electrolux, Philips to its 2040 Ambition Statement, bringing total to 19 companies; initiative is call to action to switch ocean freight to vessels powered by zero-carbon fuels by 2040

Philips Sonicare partners with actress Marsai Martin as its first-ever Come Back Coach to promote good oral care as part of daily self-care rituals; partnership highlights Philips One by Sonicare electric toothbrushes that come with a two-minute SmarTimer

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