Georgia city sues drug company over medicine that went from $40 to $39,000
ATLANTA — The city of Marietta, Ga., has filed a class action lawsuit against a drug company after the price of a decades-old medicine went from $40 a vial to more than $39,000.The city, which covers health care costs for employees and their families, says it has already spent more than $2 million on the drug for a single patient.Stacie Dusetzina, an associate professor of health policy at Vanderbilt University School of Medicine, reviewed the complaint and said it’s indicative of a national problem with market-driven drug prices.“A company can choose to do this to any drug a person is taking ...
The Atlanta Journal-Constitution
Vaping giant Juul bought ad space on Nickelodeon and Cartoon Network websites, new lawsuit claims
Juul Labs used Nickelodeon, Cartoon Network and Seventeen magazine to hawk its vaping products, despite the company’s insistence that it never marketed to kids, a new lawsuit claims.The suit filed Wednesday by the Massachusetts attorney general presents some of the most blunt evidence yet that the company was targeting kids in 2015 and early 2016 as it rolled out its tobacco-based electronic cigarettes.The 66-page complaint says Juul “rejected” a proposed “technology-focused advertising campaign” that sought to juxtapose the sleek Juul e-cigarette with “retro” images of a bulky boom box, an ol...
New York Daily News
In 'Blackfish' lawsuit, SeaWorld reaches $65 million settlement
SeaWorld has reached a $65 million settlement agreement to end a 2014 class-action civil lawsuit that accuses the company of misleading investors over the damage from the “Blackfish” documentary.The Orlando-based company revealed the settlement in a new SEC filing Tuesday.The settlement comes as SeaWorld seeks to move forward after years of scrutiny over its orca habitats, turnover in the chief executive position and declining attendance. SeaWorld has seen high turnover among executives in recent years. Many of the leaders named in the lawsuit left years ago.In the filing, SeaWorld does not ad...
Janet Jackson announces new tour, including New York date
Bring out the rhythm nation: Janet’s back.Janet Jackson is going out on tour this summer in support of her upcoming album, “Black Diamond,” set to be released later this year.Along with new hits, the singer, who was inducted into the Rock and Roll Hall of Fame last year, will also be celebrating the 30th anniversary of her “Rhythm Nation 1814” album, which was released in 1989.The Black Diamond tour launches in Miami on June 24 and will make stops including Tampa, Nashville, Boston, Chicago, Dallas and Los Angeles before closing in Tacoma, Wash., on Aug. 23.Jackson, 53, will also touch down at...
New York Daily News
A spacecraft launching Sunday will take the first-ever images of the Sun's poles
ORLANDO, Fla. — On Sunday night, a $1.5 billion spacecraft is scheduled take off from the Space Coast on a years-long journey that, if successful, will take the first-ever images of the Sun’s poles.It’s data that scientists have been yearning to obtain for years, and it may answer crucial questions about the nature of our Sun and, chiefly, the charged solar particles it spews and their impact across the solar system. The mission will send the European Space Agency’s Solar Orbiter on a seven-year journey and help heliophysicists gain a better understanding of the dark spots believed to be on th...
LinkedIn CEO Jeff Weiner to step down after 11 years
LinkedIn Chief Executive Jeff Weiner said Wednesday he will step down from his position at the business and professional-services online network on June 1 and become the company’s executive chairman.Weiner, who has been with Sunnyvale-based LinkedIn since 2008, and its CEO since June 2009, said he was making the move because it was time to make the “next play” in his career. Weiner made his decision public in a post on LinkedIn.“While I’ve been thinking about the timing of this transition for some time, over the last year or so, several factors converged that led me to conclude now is the righ...
The Mercury News
Best Buy board says it stands by CEO following investigation
Best Buy CEO Corie Barry will keep her job following an independent investigation into whether she had an inappropriate relationship with a former colleague.After reviewing the findings, the Richfield-based company’s board said Tuesday that it stands by its leader.“Ms. Barry fully cooperated with the review, which has now concluded,” the company said in a statement. “The board supports the continued leadership of the company by Ms. Barry.”The board, which added that it takes allegations of misconduct seriously, said it would have no further comment to preserve the “confidentiality and integrit...
Star Tribune (Minneapolis)
Earth Fare files for bankruptcy a day after saying all its grocery stores are closing
A day after Earth Fare announced it will close all of its stores, the North Carolina-based supermarket company filed for bankruptcy.The Asheville grocery chain, which sells organic and natural foods, on Tuesday filed for Chapter 11 bankruptcy reorganization protection in U.S. Bankruptcy Court in Wilmington, Del. It listed liabilities of $100 million to $500 million and assets of $100 million to $500 million.The filing says a restructuring committee was formed in November to “explore and evaluate the company’s potential strategic alternatives, including the company’s restructuring, reorganizati...
The Charlotte Observer
Tribune Publishing CEO Tim Knight steps down in management shakeup
Tribune Publishing announced a shakeup of its leadership ranks Monday — less than three months after hedge fund Alden Global Capital became the company’s largest shareholder.Tim Knight, a longtime company executive who became CEO in January 2019, has been replaced by Terry Jimenez, Tribune Publishing’s chief financial officer. Knight will leave the company at the end of the month.Jimenez will take Knight’s seat on the board, the company said in a news release.Also, board member Philip Franklin has replaced David Dreier as nonexecutive chairman. Dreier will remain on the board.“These changes ar...
Farm bankruptcies keep rising across the US
Farm bankruptcies across the U.S. rose again in 2019, as a prolonged slump in commodity prices, poor weather and the ongoing trade war with China squeezed farmers.Last year, 30 farmers in Minnesota — a 15% increase — filed for Chapter 12 bankruptcy, which allows family farms to restructure their finances and avoid liquidation or foreclosure.Farm bankruptcies rose 20% nationally in 2019 and 16% in the Upper Midwest, according to data released by the federal court system.While the absolute numbers are small, they have been rising steadily since 2013, a year after the most recent peak in farm pro...
Star Tribune (Minneapolis)