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Index: Arrest Warrant for Murder Issued for Police Officer in Deadly Shooting of Texas Teen

Pharma news - May 4, 2017 - 11:00pm

Johnson & Johnson has been ordered to pay more than $110 million for failing to disclose the risk associated with talc in baby powder; Skydive fail.

Categories: Pharma News

Elon Musk laughs off the idea of Apple buying Tesla

Pharma news - May 4, 2017 - 10:03pm

During the first three months of 2017, Apple managed to add a cool $10 billion to its bank account. When the company released its earnings report earlier this week, it revealed that its cash on hand now totals more than a quarter of a trillion dollars, or $256.8 billion to be exact. While the vast majority of that case resides overseas -- and subject to high taxation rates barring a new tax holiday from the Trump administration -- Apple's tremendous cash position naturally has many wondering what it plans to do with all of that money. Naturally, some analysts reflexively like to claim that Apple needs to make a large-scale acquisition, whether it be Disney or Netflix. Indeed, one of the longer standing suggestions from analysts is that Apple might want to pick up Tesla. After all, with Tesla currently embodying what Apple presumably wanted to accomplish with Project Titan, an Apple-Tesla merger would seem to make sense, at least from a culture and strategic perspective. Financially, however, the numbers just don't add up. As it stands now, Tesla's market cap is in the $46 billion range, and it's beyond unlikely that Apple would shell out that kind of cash for the company. Even if we imagine a scenario where Tesla starts making real quarterly profits -- the company lost $1.33 per share last quarter -- the economic realities and low gross margins associated with the auto industry wouldn't help Apple move the needle from a profit perspective. Nonetheless, that didn't stop Morgan Stanley analyst Adan Jonas from asking Tesla CEO Elon Musk about a potential Apple buyout during the company's earnings conference call yesterday. Jonas' question reads: Apple has enough net cash I think to buy Tesla, like more than three times over. Is there anything that Apple does or has, besides having more money than they know what to do with, that could be helpful in Tesla's mission to accelerate the transition to shared autonomy and sustainable transport? Could they be the type of firm you could partner with, and is this something you could talk to Tim about? Upon hearing the question, Musk laughed and let out an audible "Ha!" before replying "Yeah, I don't think they want to have that conversation," Musk answered. "At least I've not heard any indication that they do. Obviously Apple continues to make some great products and, yeah, I mean, I use their phone and their laptop, it's cool. I mean... I don't know what else to say." Jonas followed up, asking if Tesla viewed Apple as more of a competitor or a potential partner, to which Musk replied: "I mean, I don't know what they're going to do on the car front. Yeah, it's not clear." For what it's worth, Musk reportedly met with Apple's mergers and acquisitions chief Adrian Perica back in 2013, though it's unclear what was discussed between the two. Musk a few years later confirmed meeting with Apple, but said that he couldn't "on whether those [meetings] revolved around any kind of acquisition." For what it's worth, an Apple/Tesla buyout would have made much more economic sense in mid-2013 back when Tesla's market cap was still in the $4 billion range.

Categories: Pharma News

‘Married at First Sight’ Season 5 Couple Consummates Marriage

Pharma news - May 4, 2017 - 9:20pm

At least one couple had sex on their honeymoon in “Married at First Sight” Season 5, episode 4.

Categories: Pharma News

J&J ordered to pay $110 million in U.S. talc-powder trial

Reuters Health News - May 4, 2017 - 9:16pm
(Reuters) - Johnson & Johnson on Thursday was ordered by a Missouri jury to pay over $110 million to a Virginia woman who says she developed ovarian cancer after decades of using of its talc-based products for feminine hygiene.
Categories: Consumer Health News

Prosecutor had complained about Texas cop's conduct

Pharma news - May 4, 2017 - 9:14pm

DALLAS (AP) — The prosecutor's office investigating the death of a black teenager who was shot by a Dallas-area police officer had once filed a complaint over that officer's aggressive behavior, according to records obtained Thursday by The Associated Press.

Categories: Pharma News

Syrian rebels reject Russia's proposal for safe zones

Pharma news - May 4, 2017 - 8:04pm

Syria's armed opposition on Thursday rejected a Russian plan to create safe zones in Syria, calling it a threat to the country's territorial integrity, and said it would also not recognize Iran as a guarantor of any ceasefire plan. Turkey, which supports Syrian rebels, and Iran, which backs Syrian President Bashar Assad, agreed earlier in the day to Russia's proposal for "de-escalation zones" in Syria, a move welcomed by the United Nations but met with scepticism from the United States.

Categories: Pharma News

House Republicans repeal Obamacare, hurdles await in U.S. Senate

Reuters Health News - May 4, 2017 - 6:41pm
WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday narrowly approved a bill to repeal Obamacare, handing Republican President Donald Trump a victory that could prove short-lived as the healthcare legislation heads into a likely tough battle in the Senate.
Categories: Consumer Health News

Venezuela president headed for fall, top opponent tells AFP

Pharma news - May 4, 2017 - 6:13pm

Venezuelan opposition leader Henrique Capriles insisted President Nicolas Maduro's government will fall if it rams through contested constitutional reforms, in an interview with AFP after weeks of deadly unrest. Tired and hoarse after more than a month protesting in choking tear gas, the leader of the center-right Justice First party, 44, vowed to keep marching and boycott Maduro's reform plans. "Venezuela is heading towards an outcome.

Categories: Pharma News

C919 jet set for maiden flight, in test of China's aviation ambitions

Pharma news - May 4, 2017 - 6:13pm

China's home-grown C919 passenger jet is set to take to the skies on its long-delayed maiden flight on Friday, a major step for Beijing as it looks to boost its profile in the global aviation market. The narrow-body aircraft, which will compete with Boeing's 737 and the Airbus A320, is a key symbol of China's ambitions to muscle into a global jet market estimated to be worth $2 trillion over the next 20 years. The jet will take to the skies at the Shanghai Pudong International Airport on China's affluent east coast, at a ceremony expected to be broadcast live on state TV.

Categories: Pharma News

Health insurers focused on 2018 unknowns for Obamacare market

Reuters Health News - May 4, 2017 - 6:08pm
NEW YORK (Reuters) - While attention is focused on Republicans' fight to pass a bill to repeal Obamacare starting in 2019, health insurers are busy struggling with decisions they need to make now about how to price premiums and what markets they can afford to be in next year.
Categories: Consumer Health News

2016 Honda Civic Sedan

Pharma news - May 4, 2017 - 5:45pm

After living with Honda's CVT for 20,000 miles, we're starting to change our tune.

Categories: Pharma News

The Latest: Receding flood allows I-44 to reopen

Pharma news - May 4, 2017 - 5:41pm

ST. LOUIS (AP) — The Latest on flooding in the Midwest (all times local):

Categories: Pharma News

Boko Haram's Shekau rejects air strike injury claims

Pharma news - May 4, 2017 - 5:40pm

Boko Haram leader Abubakar Shekau appeared in a new video published online on Thursday, rejecting claims he had been injured in an airstrike in remote northeast Nigeria. Surveillance footage showed missiles being fired on what the air force said were Boko Haram fighters, while the army announced it had "neutralised quite a number of terrorists", including in Balla.

Categories: Pharma News

The Best Way To Cook an Egg For Weight Loss

Pharma news - May 4, 2017 - 5:23pm

Nutritionally speaking, eggs really can be all they’re cracked up to be—that is, as long as you cook them like this.

Categories: Pharma News

Officials warn of floodwater risks in soaked Midwest states

Pharma news - May 4, 2017 - 5:17pm

ST. LOUIS (AP) — Joseph Fiorilli is ready to go home, even though most everything he left behind when the flooded Meramec River inundated his eastern Missouri home will be a soggy, stinky mess.

Categories: Pharma News

Apple isn’t as rich as it seems

Pharma news - May 4, 2017 - 5:13pm

As part of its earnings announcement this week, Apple revealed that it's sitting on $258 billion of cash, mostly overseas. That's more than the GDP of some small countries, and one of the easiest ways to understand just how rich Apple is.

But that $250 billion figure is actually a little more impressive than it should be. Apple's money is held overseas, but it still needs to spend cash in the US. To get around paying tax, Apple has been borrowing money, and it's currently sitting on nearly $100 billion in debt.

As the WSJ notes, Apple raised an eye-watering $11 billion in debt last quarter, bringing the total to around $100 billion. That number is set to increase: Apple is ramping up its share buyback program, and the new $1 billion investment fund it announced last night will be funded by debt. Apple opened up orders for its latest bond program this afternoon, and is said to already have raised $22 billion more.

This doesn't mean Apple is doomed, or that its cash fund is underwhelming: $150 billion in net assets is still nothing to sneeze at, and is bigger than the market cap of most other companies.

But it's worth bearing in mind in the context of Apple's ballooning stock price. A lot of that interest has been generated by rumors of a one-off overseas earnings tax break, which would allow companies like Apple to repatriate cash at a 10% rate or so, rather than the usual 35%. Trump and Apple CEO Tim Cook have talked before, possibly about a one-off tax break, but plans can't be that far advanced if Apple is raising another $22 billion in the US.

Categories: Pharma News

Cat Chased Up a Tree by Dog, Rescued 3 Days Later

Pharma news - May 4, 2017 - 5:04pm

The 15-year-old cat was too afraid to come down.

Categories: Pharma News

Alleged Drunk Driver Claimed Her Name Was 'Hillary Clinton' After Fleeing Police: Cops

Pharma news - May 4, 2017 - 5:00pm

Holly Lynn Donahoo of Kentucky allegedly took cops on a chase from Maryland to Pennsylvania early Tuesday.

Categories: Pharma News

US allows 'El Chapo' to write to wife from behind bars

Pharma news - May 4, 2017 - 4:56pm

A US judge on Thursday relaxed slightly the stringent custody conditions of Mexican drug lord Joaquin "El Chapo" Guzman, allowing him to correspond with his beauty queen wife. The 60-year-old kingpin, accused of running one of the world's biggest drug empires, has been held in solitary confinement since being extradited to New York on January 19. Federal Judge Brian Cogan ruled that Guzman, one of the world's most notorious criminals, could send written messages to his wife -- provided they were pre-screened by federal agencies -- but denied him family visits and phone calls.

Categories: Pharma News

U.S. House Intelligence Committee has 'successful' Russia hearing

Pharma news - May 4, 2017 - 4:52pm

By Patricia Zengerle and Jonathan Landay WASHINGTON (Reuters) - The leaders of a House of Representatives probe of possible Russian meddling in the 2016 U.S. election said they had a "successful" hearing on Thursday, projecting unity after a partisan division had threatened to derail their investigation. Representatives Mike Conaway, the new Republican leader of the House Intelligence Committee probe, and Adam Schiff, the top Democrat, addressed reporters together after Federal Bureau of Investigation Director James Comey and Admiral Mike Rogers, the director of the National Security Agency, testified at a classified hearing.

Categories: Pharma News
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