Personal consumption expenditures rose 2.9% last quarter, keeping the U.S. economy's moderate recovery on track.
The infant formula maker paid health-care professionals in China to recommend its products to expectant mothers.
Health care will be almost 20% of U.S. GDP by 2024, according to a group of government actuaries.
But experts think the rate is close to bottoming out.
Operating profit totaled nearly $2.6 billion in North America, a company record for any quarter.
Capital goods orders for June beat expectations, rebounding strongly after dropping the past two months.
If the deal is approved, Teva says the combined company would have revenue of about $26 billion and EBITDA of $9.5 billion in 2016.
The opening of a new bank in America provides hope that more will follow.