Federal Regulators Abandon Cancer Study of Nuclear Plants

NAS began the study in 2010, and completed the first phase in 2012. The next phase had been underway for about three years when it was halted. The study was to have been an update to a 1990 review conducted by the National Cancer Institute, which analyzed cancer death rates in areas near 52 nuclear plants. That study concluded that there was no increased risk of cancer for people living close to the nuclear facilities.



Xarelto’s “New” Liver Side Effects

News is surfacing that may indicate an additional warning needs to be added to Xarelto’s label. Cases of liver damage in patients taking the drug have been reported. The current warning does not mention liver damage but that information is available through non-manufacturer sites.


XPO Logistics to Buy Con-Way for $3 Billion

Although the acquisition had been expected to easily pass a Federal Trade Commission (FTC) antitrust regulatory review, Morningstar has reported that New York-based firm Faruqi & Faruqi is investigating Con-Way’s board over alleged violation of fiduciary duties for selling the company at the $47.60 share price, that number is down from the stock’s 52-week high of $59.00. It remains to be seen if the inquiry will halt the deal’s approval. XPO expects the purchase to be completed by October.


FDA Issues Dosing Warning for Collegium’s Experimental Painkiller

Unlike most opioid painkillers, which are either taken on an empty stomach or without regard for food intake, users must take Xtampza after eating to release the maximum effects. The FDA warned that if Xtampza is taken without food, it will lead to inadequate pain control, and contribute to abuse and overdose by users who are seeking to remedy their pain.



Staples-Office Depot Merger under Further Review

The combined company would merely be a major competitor in the entire office-supply business. Still, the FTC is concerned that by combining the companies, the number of potential large-scale suppliers will decrease. The agency is concerned if the merger will lead to negative changes in the large-scale client sector. Royal Bank of Canada’s head of global procurement Peter Conrod likely summarizes the FTC’s internal debate with his divided opinion. Conrod told the Wall Street Journal, “Typically consolidation is good because it allows us to deal with fewer suppliers, but you get to a point where it’s too consolidated and you don’t have too much choice.”


Appeals Court Gives Go-Ahead on BP Investor Suit

Last year, Judge Ellison permitted the certification of a class of investors who purchased BP stocks from April 26 to May 28, 2010. Ellison, however, ruled that investors who purchased BP securities in the 2 ½-year period before the spill were not permitted to sue as a class. Disappointed, both BP and the plaintiffs’ attorneys appealed the rulings. Writing for the unanimous panel, Circuit Judge Patrick Higginbotham found that the question of BP executives’ forthrightness during the early days of the spill was “undeniably common to the class, and is susceptible of a class-wide answer.”


Erin Brockovich Fights against Pollution for Navajo Nation

Brockovich and Begaye toured the riverfront and some of the hardest hit agricultural areas, culminating with a speech to students at a Shiprock, New Mexico highs school. Insisting that the government clean up its mess, Brockovich said “They did not tell the truth about the amount. There were millions and millions of gallons.” Brockovich accused federal regulators of lax oversight, both in the Navajo Nation, and throughout the U.S.