FDA to consider new Class of Cholesterol Drugs

6/9/2015 A new class of cholesterol drugs will undergo a preliminary review this week from a Food and Drug Administration (FDA) advisory panel. The drugs, Amgen’s Evolocumab and Alirocumab from Sanofi SA and partner, Regeneron Pharmaceuticals, block a protein called PCSK9, which can prevent the liver from eliminating bad cholesterol. Early studies show the drugs

Deutsche Bank CEOs to Resign after Years of Problems

6/8/2015 The global financial world received a huge shakeup Sunday when the co-CEOs of Deutsche Bank, one of the largest financial institutions in the world, announced their resignations. Anshu Jain and Jürgen Fitschen were essentially purged following an emergency meeting by the bank’s board of directors. Jain will be leaving on June 30th, replaced by

Regulators’ Mixed-Messages on Fracking

6/7/2015 One of the major environmental concerns since the beginning of this decade has been the use of hydraulic fracturing, or “fracking” to unearth natural gas and oil shale reserves. The process uses high-pressure water among other substances to create or to widen holes into the shale formation in order to release the gas or

Dish, T-Mobile to Merge?

6/5/2015 Talks are underway for what could potentially be the third gigantic cross-platform communications merger this year. Dish Network, the nation’s second-largest satellite provider and America’s fourth-largest wireless company, T-Mobile; have begun preliminary negotiations for a merger. This follows the nearly finalized AT&T’s $49 billion acquisition of leading satellite provider, DirecTV, and Charter Communications recent

Facebook, Apple, among others are Fighting Back against NSA-Spying

6/2/2015 Knowing how to kick a law when it’s down, Facebook unveiled a new encryption component to its website, which allows users to send and receive emails as well as Facebook notifications that organizations like the National Security Agency (NSA) are unable to view. In the wake of the temporary halting of the NSA spying

Ford Motor Company Recalls Almost 423K Vehicles

6/2/2015 Ford Motor Company recalls almost 423K vehicles in North America due to potential power steering failure. There is an intermittent electrical connection that can fail, putting the vehicles into manual steering mode thus making them harder to control. Ford reports four known crashes, but no injuries. The recall covers the following vehicles: Ford Flex

FIFAIL! How did Blatter get Re-elected?

6/1/2015 Somehow, some way, incumbent FIFA president Sepp Blatter was re-elected on Friday, May 29th despite Wednesday’s U.S. Justice Department’s 47-count indictment and the arrests by Swiss authorities of several executives at FIFA’s Zurich headquarters. The shocking nature of Blatter’s election to a fifth term is the fact that it wasn’t really very shocking. This

Is Blue Cross/Blue Shield a Cartel?

5/29/2015 A federal judicial panel in Alabama has consolidated two lawsuits into a single claim, alleging that the networked structure of insurance group Blue Cross/Blue Shield violates federal antitrust law. Both suits, one filed on behalf of healthcare providers, and the other on behalf of individuals and small-business customers claim that the 37 separate entities

‘World Cup of Fraud’

5/28/2015 In what looks to be the most widespread and lucrative corruption scandal in the global history of sport, the U.S. Justice Department has unsealed a 47-count indictment against 14 executives of the worldwide soccer governing body, FIFA. The executives are being charged with racketeering, wire fraud, and money laundering. The Justice Department alleges that

Supreme Court Rules War is not Excuse for missed Whistleblower Deadlines

5/27/2015 In a decision that helps to define the statute of limitations for whistleblower cases, the Supreme Court unanimously ruled Tuesday, May 26th that whistleblowers do not get extra time to file false claims complaints during a time of war. The case revolves around former Iraq contractor, Benjamin Carter, whose 2011 complaint under review alleges