7/28/2015 The National Highway Transportation Safety Administration (NHTSA), the nation’s top auto-regulator, released additional details surrounding its consent order with Fiat-Chrysler involving 23 separate recalls. The agency is requiring the company to buy back Dodge Ram pickups and other Dodge and Chrysler SUV’s involved in three of the recalls due to the agency’s inability to
7/28/2015 The global pharmaceutical landscape was significantly altered on Monday as Israeli drugmaker Teva announced that it will purchase the generic drug business of Dublin-based Allergan. The move will put a stranglehold on Teva’s top sales position in the generic drug market, acquiring its third-largest competitor. Teva will purchase the generics unit for $40.5 billion,
7/27/2015 In a move opposed by many food and drink manufacturers, the Food and Drug Administration (FDA) issued a proposal on Friday to requiring the industry to include detailed added sugar consumption levels in their products. The proposal is an update to the FDA’s 2014 proposed mandate requiring companies to list the amount of added
7/27/2015 Yet another drug has been linked to the painful and sometimes fatal skin condition Stevens Johnson Syndrome. This time, it’s the fluoroquinolone family, also known as quinolones. These are some of the most prescribed antibiotics in the country and the star of the group is on the hot seat. Cipro may cause Stevens Johnson
7/26/2015 In a potential victory for privacy advocates, the Federal Communications Commission (FCC) adopted a proposal on June 18th to “protect consumers against unwanted robocalls and spam texts.” In a series of declarations, the FCC announced that consumers have the right to prevent unwanted calls while granting telecommunications companies the legal license to use software
7/26/2015 Superstar Brooklyn U.S. Attorney Preet Bharara scored another victory on Friday, July 24th, when Manhattan U.S. District Judge Valerie Caproni denied former Democratic New York Assembly speaker Sheldon Silver’s motion to dismiss the corruption indictment filed against him. Prosecutors allege that Silver used his position to funnel money involving asbestos-related litigation and real-estate referrals
7/26/2015 Multiple sources are reporting that the National Highway Transportation Safety Administration (NHTSA) will issue Fiat-Chrysler a record $105 million fine for its lax response to 23 separate recalls involving over 11 million vehicles. The NHTSA conducted a public hearing earlier in the month regarding the company’s multiple safety issues, its first such hearing in
7/26/2015 Morcellator. It’s a world that leaves a funny (as in “Eeww!”) feeling in your mouth. That’s nothing compared to what the medical instrument leaves in your body. Morcellation (shudders) can spread previously undiagnosed malignant cancer cells throughout the patients’ pelvic and abdominal cavities, which shortens the patients’ life expectancy. The first morecellator cancer suit
7/25/2015 In separate investigations, both the Brooklyn U.S. Attorney’s office and New York’s top financial regulator, the Department of Financial Services, have questioned at least seven banks in the corruption scandal involving FIFA, the world’s soccer governing body. The banks in question are HSBC, Deutsche Bank, Barclays, Credit Suisse, Standard Chartered, Israel’s largest bank, Hapoalim,
7/24/2015 The U.S. Probation Office has recommended that the former owner of Peanut Corporation of America, Stewart Parnell, be sentenced to life in prison for allowing several shipments of peanuts from facilities infected with salmonella. The peanuts led to the deadliest food outbreak in U.S. history from 2008-2009, causing nine deaths and over 700 illnesses