TPP Trade Talks hit Major Snags

Although the 12 countries involved in the Trans-Pacific Partnership (TPP) nearly wrapped up the final negotiations of the agreement this week in Hawaii, a few major roadblocks have caused the countries to leave empty-handed. The Hawaii round was expected to be the final negotiating session after nearly five years of talks between the U.S., Japan,

Herbalife Wins another Dismissal in “Pyramid Scheme” Lawsuit

7/30/2015 In Los Angeles Federal Court on Tuesday, District Judge Dale Fischer dismissed another lawsuit against nutritional products producer, Herbalife, which was accused of being a “pyramid scheme.” The suit was filed against the company by the Oklahoma Firefighters Pension and Retirement System accusing Herbalife of lying to investors about the legitimacy of its business operations.

Will Medtronic’s MiniMed 640 Pump Glitch affect its PMA Status?

7/29/2015 Minnesota-based device giant Medtronic has issued letters to nearly 2,000 owners of the MiniMed 640 and 620 insulin pumps in Europe, warning them of a potential glitch in the reading mechanism. According to the letter, there is an error with the Bolus Wizard screen, causing it to not time-out and instead giving an outdated

‘Slaughter Pen’ Lawsuit Aims to Re-Evaluate Ballpark Safety

7/29/2015 Longtime Oakland Athletics season-ticket holder Gail Payne has filed a lawsuit against Major League Baseball (MLB) asking the organization to make drastic changes in the netting that protects fans along the foul lines. The suit, filed July 13th in the U.S. District Court of Northern California lists MLB Commissioner Rob Manfred as the defendant.

NHTSA Requires Fiat-Chrysler to Buy Back Dodge Ram Pickups and SUV’s involved in Steering Recalls

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

Teva Inks $40.5 Billion Deal to Acquire Allergan’s Generics Unit

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,

FDA Proposes Detailed Added Sugar Guides on Food Labels

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

States use FCC Rule Changes to Urge Telecoms to Block Robocalls, Telemarketing Scams

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