The annual JPMorgan Healthcare Conference kicks off today, and it's virtual for the second straight year after companies raised concerns about rising coronavirus cases.
Why it matters: Health care is as profitable as ever amid the global pandemic, and companies are eager to tell deep-pocketed power brokers why they should continue to plow more money into the industry and expect hefty returns.
What to watch: Several companies that had record profits in 2021 are presenting at JPM, and a big part of their pitches will revolve around what happens next as the highly transmissible Omicron variant prolongs the pandemic.
Between the lines: The off-the-books meetings that are far away from the formal presentations are where buyout deals and strategic discussions occur. Many of those will be pushed to video calls as well.
The bottom line: The pandemic will be front and center at JPM again, but health care prices inevitably underpin all of the discussions.