Tag: outside-experts
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FDA highlights liver safety issues in Cempra drug review
(Reuters) – Cempra Inc’s experimental drug to treat community acquired pneumonia, the kind suffered by presidential candidate Hillary Clinton recently, causes a potentially concerning rise in liver enzymes, according to a preliminary review by the U.S. Food and Drug Administration. The review, posted on the FDA’s website on Wednesday, comes two days ahead of a…
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Tesla obliged to pay $1.7 billion to Panasonic for gigafactory cells
(Reuters) – Tesla Motors Inc had an obligation to pay a total of about $1.7 billion to Japan's Panasonic Corp as of Sept. 30 for electric vehicle battery cells made at Tesla's gigafactory in Nevada, the carmaker said in a regulatory filing. Panasonic, Tesla's longstanding battery partner, agreed in 2014 to invest in equipment, machinery…
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Allergan expands buyback to $15 billion, sets first quarterly dividend
The drugmaker said it was initiating a regular quarterly cash dividend of 70 cents per share. The company was created when Dublin-based Actavis bought the Botox maker in March 2015, snatching it from hostile bidder Valeant Pharmaceuticals Inc , and taking on the Allergan name. Allergan Chief Executive Brent Saunders has orchestrated a string of…
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Toll rises to 17 in Pakistan oil tanker fire, many more feared dead
By Gul Yusufzai QUETTA, Pakistan (Reuters) – Pakistani firefighters were battling on Wednesday to douse a fire still raging more than a day after a series of explosions on a decommissioned oil tanker, with the death toll rising to 17, and more than 20 workers missing, officials said. Tuesday's initial blast occurred as workers were…
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VW says will quit world rallying championship in 2017
Volkswagen said it will pull out of the world rally championship at the end of the season in 2017 as part of a strategic shift to help overcome its emissions scandal. “The VW brand is facing tremendous challenges,” VW brand R&D chief Frank Welsch said on Wednesday, citing the carmaker's push into zero-emission technology. Top…
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Replace pipes that ‘poisoned’ Flint water, lawsuit demands
The downtrodden US city of Flint was poisoned in a misguided drive by penny-pinching officials to save money, a lawsuit filed Wednesday claimed, demanding the corroded lead pipes responsible for contaminating tap water be immediately replaced. “In a failed attempt to save a few bucks, state-appointed officials poisoned the drinking water of an important American…