Taxpayers may have overpaid by more than $1 billion for Mylan's EpiPen, senator reveals
Mylan for years classified EpiPen as a generic drug for the purposes of Medicaid's drug rebate program, and as a result paid a lower rebate rate to Medicaid than did sellers of brand-name drugs. Officials have said that EpiPen, which is used to counteract a potentially fatal allergic reaction known as anaphylaxis, should have been treated as a brand-name product for Medicaid's rebate program. Medicaid is the joint federal-state program that provides health-care coverage to primarily low-income ..>> view originalBooz Allen Hamilton Leaves U.S. Government Files On Unprotected Amazon Server
Sensitive government information related to a U.S. military project were left on an unprotected server by a defense contractor, Gizmodo reported. More than 60,000 files, including security credentials and passwords to a government system containing sensitive information, were publicly accessible on an Amazon server that was not protected by a password.The nearly 28GB of data was left exposed by a contractor at Booz Allen Hamilton — one of the top defense contractors in the U.S. and once conside..>> view originalOhio's Attorney General Is Suing 5 Drug Makers for Fueling the Opioid Epidemic
The Supreme Court's Correct Economic Decision In Weakening Patent Protection
The Supreme Court has made us all that little bit richer in their decision over Impression Products v Lexmark International. They've done so by weakening patent protection on such things as refilling used ink and toner cartridges for printers, which will seem like a fairly small advance in human society. But it's the correct economic decision and it will reverberate through the economy. For the mechanism by which they're weakened that protection will affect much more than remanufactured printer ..>> view originalUber's Tumultuous Year Continues As Finance Chief Departs
AP Photo/Seth Wenig An Uber car drives through LaGuardia Airport in New York. A day after Uber fired the former head of its autonomous vehicle R&D effort the rideshare company said finance chief Gautum Gupta was leaving the company to be COO at a Bay Area startup. The company said the timing of Gupta’s departure was unrelated to Uber’s $708 million loss in the year’s first quarter. The San Francisco-based firm told the Wall Street Journal on Wednesday that first-quarter revenue rose 18..>> view originalBrazil's J&F agrees to pay record $3.2 billion fine in leniency deal
By Ricardo Brito and Tatiana Bautzer | BRASILIA/SAO PAULO BRASILIA/SAO PAULO J&F Investimentos, controlling shareholder of the world's largest meatpacker JBS SA (JBSS3.SA), agreed to pay a record-setting 10.3 billion real ($3.2 billion) fine for its role in corruption scandals that threaten to topple President Michel Temer.The settlement meant Brazil's sweeping graft investigations have now led to the world's two biggest leniency fines ever levied, Brazilian prosecutors said.J&F's penalty su..>> view originalUnited faces $435G fine for allegedly flying potentially unsafe plane 23 times
United Airlines may face a $435,000 fine after flying a Boeing 787 that may have been unsafe nearly two dozen times on domestic and international flights in 2014, the Federal Aviation Administration said Tuesday. The agency said United mechanics replaced a fuel pump pressure switch on the plane on June 9, 2014, after a flight crew noted a problem two days before, according to The New York Times. The airline did not perform a required inspection of the work before the plane flew again, the agenc..>> view originalPaul Allen just rolled out the world's largest airplane, and he is ready to take on the rocket makers.
Space launch company Stratolaunch Systems rolls its twin-fuselage plane out of its hangar for the first time to conduct fueling tests. (Reuters) The initial construction of the massive airplane Paul Allen has been quietly building in the California desert is complete, and the vehicle, which would be the world’s largest airplane with a wingspan wider than Howard Hughes’s Spruce Goose, was wheeled out of its hangar for the first time on Wednesday. Called Stratolaunch, the plane has some imp..>> view original12 Key Takeaways (and the Most Worrisome Slide) From Mary Meeker's 2017 Internet Trends Report
THE MEEKER REPORT JUST DROPPED pic.twitter.com/BaU05spXc0 — Noah Mallin (@NoahMallin) May 31, 2017 Recode rightfully calls Kleiner Perkins Caufield & Byers partner Mary Meeker's annual Internet Trends Report "the most anticipated slide deck of the year." At Recode's CodeConference at the Terranea Resort in California this morning, PowerPoint groupies watched the influential analyst speed through the 355 -- yes, 355 -- slides in her preso. Click through the whole thing here and/or skim our ma..>> view originalNetflix's CEO Reed Hastings at Mobile World Congress in Barcelona, Spain on February 27, 2017. Paul Hanna ...
Netflix CEO Reed Hastings thinks of Amazon as an "awfully scary" rival and he no longer views the net neutrality debate as a "primary battle" for his popular streaming company.Hastings spoke on a variety of topics—from streaming video rivals to the recent kerfuffle over Netflix movies screening at the Cannes Film Festival—in a pair of interviews on Wednesday afternoon. The Netflix CEO first appeared on CNBC's Squawk Box for an interview before joining tech journalist Peter Kafka on-stage at Reco..>> view original
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