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Johnson & Johnson not liable for Illinois woman's death in talc case
  + stars: | 2021-07-30 | by ( Tom Hals | Jonathan Stempel | ) www.reuters.com sentiment -0.51   time to read: +2 min
July 30 (Reuters) - An Illinois jury on Friday refused to hold Johnson & Johnson liable for a woman’s death from ovarian cancer, which her family blamed on decades of using its talc-based powders. Relatives of the late Elizabeth Driscoll had sought up to $50 million in damages, saying J&J knew its baby powder and Shower to Shower products were dangerous. Driscoll died in September 2016 at age 69, eighteen months after being diagnosed with ovarian cancer. “This decision will not dissuade us from seeking justice for the thousands of women who have become victims of this disease through the corporate negligence and greed of Johnson & Johnson,” she said. In June the U.S. Supreme Court rejected its bid to overturn a $2.12 billion damages award in Missouri to 22 women who blamed their ovarian cancer on its talc products.
Persons: Johnson, Elizabeth Driscoll, J, Driscoll, Colleen Cadagin, ” Leigh O’Dell, , Jonathan Stempel, Tom Hals, David Gregorio Organizations: U.S, Supreme Locations: An Illinois, St . Clair County , Illinois, New Brunswick , New Jersey, Missouri, New York, Wilmington , Delaware
But Ashish Jha, dean of the Brown School of Public Health, called the document "reassuring." The bottom line, Jha wrote, is that Delta is "really bad," but our vaccines are "really good." But there's plenty of positive news in the document, too, according to Ashish Jha, dean of the Brown School of Public Health. He pointed to data indicating that just 35,000 out of 162 million vaccinated Americans are developing symptomatic COVID-19 cases per week — a rate of just 0.02%. The vaccine also lowers the risk of any type of Delta infection by 79% and of hospitalization from Delta by 96%, according to the studies.
Persons: Ashish Jha, Jha, COVID, Delta, Rochelle, Kevin Lamarque, Monica Gandhi, Rochelle Walensky Organizations: Brown School of Public Health, Service, Centers for Disease Control, The Washington Post, Twitter, CDC, Israel's Ministry of Health, Reuters, University of California Locations: Delta, England, Scotland, Wilmington , Delaware, San Francisco, Arkansas, Louisiana
LONDON (Reuters) - AstraZeneca is exploring options for the future of its COVID-19 vaccine and expects greater clarity on the matter by the end of 2021, a senior executive told Reuters on Thursday. Executives emphasised it was too early to say what the decision on the vaccine’s future would be. While a $39 billion dollar deal to buy rare drug firm Alexion is much more integral to the company’s business strategy, the COVID-19 vaccine has quickly become the public face of the company’s efforts during the coronavirus pandemic. “A small group of people reporting into Mene (Pangalos, research chief) and myself are thinking about: is this a sustainable business?” AstraZeneca Executive Vice President and President of the BioPharmaceuticals Business Unit Ruud Dobber said, referring to the vaccines business. Chief Executive Pascal Soriot said he had no regrets over getting involved in COVID-19 vaccines as the company has made an “enormous difference”.
Persons: Rachel Wisniewski, Ruud Dobber, Dobber, , Pascal Soriot, “ It’s, Soriot, ” Dobber, Organizations: AstraZeneca, Reuters, REUTERS, Executives, University of Oxford, European Union, Pfizer Locations: North America, Wilmington , Delaware, U.S, COVID
Frontline advocates view $26 bln opioid deal with frustration, worry
  + stars: | 2021-07-27 | by ( Tom Hals | ) www.reuters.com + 0.00   time to read: +5 min
read moreThe distributors will make payments over 18 years and Johnson & Johnson over nine years. "As someone on the ground, $26 billion makes a flashy headline," said Ryan Hampton, who is in recovery from addiction and has worked with non-profits and lawmakers on the opioid crisis. read moreThere are signs of opposition to the opioid agreement, however. The opioid deal was shaped by lessons learned from the tobacco funds, only 3% of which have been spent on smoking cessation programs. Geller said money used on prior expenses must be abatement related and he cited the example of a city repaying itself for a long-term investment related to opioids, such as an ambulance.
Persons: Bryan Woolston, Johnson, Ryan Hampton, Hampton, Larry Krasner, Krasner, Paul Geller, , Joshua Sharfstein, Geller, Michelle Wright, she's, Courtney Hunter, MaryBeth, Tom Hals, Steve Orlofsky Organizations: REUTERS, Johnson, AmerisourceBergen Corp, Cardinal Health Inc, McKesson Corp, Philadelphia, BEST, Johns Hopkins Bloomberg School of Public Health, Vigilance, Coalition, Thomson Locations: Portsmouth , Ohio, WILMINGTON, Del, Washington, New Mexico, Philadelphia, Philly, New York, Delaware, Wilmington , Delaware
Elon Musk snipes at Apple twice on Tesla earnings call
  + stars: | 2021-07-26 | by ( Kif Leswing | ) www.cnbc.com + 0.00   time to read: +2 min
Elon Musk, chief executive officer of Tesla Inc., right, departs from court for the SolarCity trial in Wilmington, Delaware, U.S., on Monday, July 12, 2021. Tesla CEO Elon Musk sniped at Silicon Valley neighbor Apple twice during a conference call to discuss Tesla earnings on Monday. The Titan project is reportedly run by Doug Field, who returned to Apple in 2018 after five years at Tesla. "Apple uses I think almost 100% cobalt in their batteries and cell phones and laptops, but Tesla uses no cobalt in the iron-phosphate packs, and almost none in the nickel-based chemistries," Musk said. During the call, Musk said he likely would not appear on future Tesla earnings calls unless he has "something really important" that he needs to say.
Persons: Elon Musk, Doug Field, Musk, Tesla, Apple Organizations: Tesla Inc, Apple, Tesla, Democratic, Guardian, Epic Games Locations: Wilmington , Delaware, U.S, Silicon, Tesla, Democratic Republic of, Congo
Biden says 'remains to be seen' if immigration measure part of wider budget bill
  + stars: | 2021-07-25 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
"There must be a pathway to citizenship," Biden told reporters as he returned to the White House after spending the weekend at his home in Wilmington, Delaware. Dreamers are immigrants brought to the United States as children who are protected from deportation under the Deferred Action for Childhood Arrivals (DACA) program. Asked if the reconciliation measure needed to include the pathway to citizenship, Biden said that "remains to be seen." Senate Democratic leaders this month told other members the budget measure would open the door to legislation on climate measures, social spending, and extension of a child tax credit. The DACA program, created by former President Barack Obama while Biden was vice president, faces new legal challenges.
Persons: Joe Biden, Kamala Harris, Xavier Becerra, Jonathan Ernst, Biden, Barack Obama, Andrew Hanen, Obama, Andrea Shalal, Susan Cornwell, Grant McCool Organizations: White, REUTERS, WASHINGTON, Sunday, Democratic, U.S, District, Thomson Locations: Washington , U.S, Wilmington , Delaware, United States, Mexico, Central, South America
President Biden is set to nominate Caroline Kennedy as ambassador to Australia, per a CNN report. Kennedy served as US ambassador to Japan under then-President Barack Obama from 2013 to 2017. She is a longtime friend of Biden, who served in the Senate with her uncle, the late Ted Kennedy. Kennedy, the daughter of former President John F. Kennedy and former first lady Jacqueline Kennedy Onassis, served as ambassador to Japan from 2013 to 2017 under then-President Barack Obama. The president served in the Senate with Caroline's uncle, Ted Kennedy of Massachusetts, throughout his entire 36-year tenure in the upper chamber.
Persons: Biden, Caroline Kennedy, Kennedy, Barack Obama, Ted Kennedy, Joe Biden, John F, Jacqueline Kennedy Onassis, Biden administration's, Caroline's, Ted Kennedy of, Sen, Kennedy's, Victoria Kennedy, Beau, Hunter, Democratic Sen, Mike Mansfield Organizations: CNN, Service, Democratic, Convention, House, Obama, Metropolitan Museum of Art, Strategic Partnerships, New York City Department of Education, Kennedy Library Foundation, Catholic, Senate, United Locations: Australia, Japan, Asia, Pacific, China, Tokyo, Ted Kennedy of Massachusetts, Austria, United States, Montana, Wilmington , Delaware
Drugmakers, pharmacies next targets for U.S. opioid settlements
  + stars: | 2021-07-21 | by ( Brendan Pierson | ) www.reuters.com + 0.00   time to read: +5 min
read moreThe pharmacies and drugmakers have denied the claims, saying rising opioid prescriptions were driven by doctors, that they followed federal law and that the known risks were included in U.S.-approved labels for the drugs. The drugmakers are currently defending themselves at the New York trial and a trial in Orange County, California, and are expected to face another trial in San Francisco along with the pharmacies later this year. The pharmacies, which settled the New York case shortly before trial, also face an October trial in Ohio. Peter Mougey, a lawyer representing the local governments pursuing opioid litigation around the country, said at a news conference to discuss proposed settlements that he was "frustrated" pharmacies were not part of the nationwide deal. Other settlements are also being negotiated with OxyContin maker Purdue Pharma and generic opioid maker Mallinckrodt Plc (MCDG.MU) now working through the bankruptcy courts to secure support for settlements worth more than $10 billion and $1.6 billion, respectively.
Persons: Johnson, Endo, Barry Staubus, Tennessee's Sullivan, Richard Ausness, , Peter Mougey, They've, Teva, Joe Rice, AbbVie, Brendan Pierson, Tom Hals, Bill Berkrot Organizations: YORK, Johnson, McKesson Corp, Cardinal Health Inc, AmerisourceBergen Corp, Walgreens Boots Alliance, Walmart Inc, Rite Aid Corp, CVS Health Corp, Teva Pharmaceutical Industries Ltd, Endo International, U.S . Centers for Disease Control, CDC, New, University of Kentucky, Industry, COVID, Purdue Pharma, Mallinckrodt, Thomson, & $ Locations: . U.S, United States, New York, Orange County , California, San Francisco, Ohio, Tennessee, Israel, Wilmington , Delaware
Elon Musk says Tesla will likely start accepting bitcoin again
  + stars: | 2021-07-21 | by ( Mackenzie Sigalos | ) www.cnbc.com sentiment -0.99   time to read: +2 min
Tesla CEO Elon Musk said the company will likely start accepting bitcoin for vehicle purchases again. If so, Tesla will most likely resume accepting bitcoin," he said. Since then, Beijing has cracked down on crypto, expelling the country's crypto miners, who have since begun to patriate elsewhere. New data from Cambridge University shows many miners are headed to the U.S., which is now the second-biggest destination for the world's bitcoin miners. "Long-term, renewable energy will be the cheapest energy, but it doesn't just happen overnight," Musk said.
Persons: Elon Musk, Tesla, Musk, Fred Thiel, Whit Gibbs Organizations: Tesla Inc, Crypto, Innovation, Twitter, Cambridge University, Marathon Digital, Compass Locations: Wilmington , Delaware, U.S, China, Beijing, North America
read moreThe following is a list of major companies that were alleged to have contributed to the crisis and the legal settlements or judgments involving those companies. -Agreed in October 2019 to a combined $215 million settlement with the Ohio counties of Cuyahoga and Summit on the eve of a trial. The settlement value could change depending if states and local governments opt out of the agreement and pursue the company at trial. -Agreed in June 2019 to pay Oklahoma $85 million on the eve of a trial. -Agreed in February and March to pay about $645 million to 50 states, the District of Columbia and five territories.
Persons: Bryan Woolston, Johnson, Sackler, Oklahoma Johnson, Thad Balkman, John Kapoor, Insys, Said, Reckitt, Tom Hals Organizations: REUTERS, Wednesday, Johnson, Health Inc, AmerisourceBergen Corp, McKesson Corp, Purdue Pharma, Purdue, OxyContin, Oklahoma, Teva Pharmaceutical Industries Ltd, Insys Therapeutics, Indivior, Endo International, Allergan, Health Corp, Rite Aid Corp, Walmart Inc, New, McKinsey & Co, Sackler, of Columbia, Thomson Locations: Portsmouth , Ohio, U.S, Ohio, Cuyahoga, Summit, United States, Oklahoma, New York, Suffolk, Nassau, Wilmington , Delaware
New York (CNN Business) Restaurant owners can add the rising cost of food to their growing list of challenges. Polmer says Covid lockdowns and an ongoing labor shortage already had local restaurant owners struggling to catch up . Polmer says rising fuel prices means it cost more for restaurants to transport food. But Polmer says many restaurant owners who qualified for aid have been left out in the cold now that the program has depleted its funds. Without more federal aid, Polmer says the country will face an additional wave of local restaurant closures.
Persons: Erika Polmer, Polmer, Covid lockdowns, Tyler Akin, Akin, Philly Mag, Biden, Earl Blumenauer, Blumenauer Organizations: CNN, Independent Restaurant Coalition, Costco, US Bureau of Labor Statistics, CNN Business, Philly, Covid, Revitalization Fund, US Small Business Administration, Democrat, Fund, House Republicans Locations: York, Washington, Novato , California, Philadelphia, Wilmington , Delaware, French, Pont, Santa Monica , California, Oregon
The lawsuit by union pension funds and asset managers alleges Musk strong-armed Tesla directors in 2016 into using the company to rescue SolarCity from the brink of bankruptcy, benefiting Musk. Musk at the time owned a 22% stake in both Tesla and SolarCity, which was founded by his cousins. The Tesla shareholders want Musk to be ordered to return the value of the deal to Tesla. Central to the case are claims that despite owning only 22% of Tesla, Musk was a controlling shareholder due to his ties to board members and domineering style. Reporting by Tom Hals in Wilmington, Delaware; Editing by Noeleen Walder, Sonya Hepinstall and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: Elon Musk, Tesla, Hannah Beier, SolarCity, Joseph Slights, Randall Baron, Musk, Baron, ” Musk, Kimbal, Tom Hals, Noeleen Walder, Sonya Hepinstall, Andrea Ricci Organizations: Williams Justice, SolarCity, REUTERS, Thomson Locations: Delaware, Chancery, Wilmington , Delaware, U.S, Hannah Beier WILMINGTON, Del
Musk at the time owned a 22% stake in both Tesla and SolarCity, which was founded by his cousins. The Tesla shareholders want Musk to be ordered to return the value of the deal to Tesla. Musk has consistently told the court that the Tesla board primarily handled the SolarCity deal and he was not part of the board committee that negotiated the terms. As he did on Monday, Musk repeatedly defended the SolarCity deal by saying the company had to be quickly acquired or find financing to solve its dangerous cash shortage. Board members and others involved in the 2016 deal will testify for the duration of the trial.
Persons: Elon Musk, Musk, Chancellor Joseph Slights, Tesla, Randall Baron, Baron, Hannah Beier Read, ” Musk, Evan Chesler, , SolarCity, Kimbal Musk, Elon, Tom Hals, Noeleen Walder, Andrea Ricci, Sonya Hepinstall Organizations: Tesla, SolarCity, Williams Justice, REUTERS, Thomson Locations: WILMINGTON, Del, Delaware, Chancery, Wilmington , Delaware, U.S
Elon Musk is stuck in an alternate past
  + stars: | 2021-07-13 | by ( Antony Currie | ) www.reuters.com + 0.00   time to read: +3 min
Tesla CEO Elon Musk departs after taking the stand to defend Tesla Inc's 2016 deal for SolarCity in a case before the Delaware Court of Chancery in Wilmington, Delaware, U.S. July 12, 2021. REUTERS/Jonathan ErnstMELBOURNE, July 13 (Reuters Breakingviews) - For a man who wants to create a better future, Elon Musk seems stuck in the past, and an alternate version at that. If anything, his courtroom humble brag shows he has failed to do one of the most important tasks a chief executive has: to prepare a successor. At the time of the SolarCity acquisition, just three of the nine directors were free of any links to Musk. - Musk was chairman of SolarCity, which was founded by a couple of his cousins, until the acquisition by Tesla.
Persons: Elon Musk, Tesla, Jonathan Ernst MELBOURNE, Musk, , Pete Sweeney, Katrina Hamlin Organizations: SolarCity, REUTERS, Reuters, Securities, Exchange Commission, Tesla Locations: Delaware, Chancery, Wilmington , Delaware, U.S, Tesla’s
Musk at the time owned a 22% stake in both Tesla and SolarCity, which was founded by his cousins. The Tesla shareholders want Musk to be ordered to return the value of the deal to Tesla. On Monday, Musk insisted the Tesla board handled the SolarCity deal and said that he was not part of the committee that negotiated the terms. Board members and others involved in the 2016 deal, including Musk's younger brother Kimbal, will testify beginning as soon as Tuesday. Reporting by Tom Hals in Wilmington, Delaware Editing by Noeleen Walder and Sonya HepinstallOur Standards: The Thomson Reuters Trust Principles.
Persons: Elon Musk, Tesla, Hannah Beier, Musk, Joseph Slights, Kimbal, Randall Baron, Baron, Tom Hals, Noeleen Walder, Sonya Hepinstall Organizations: Williams Justice, SolarCity, REUTERS, Thomson Locations: Delaware, Chancery, Wilmington , Delaware, U.S, Hannah Beier WILMINGTON, Del, SolarCity
Elon Musk, chief executive officer of Tesla Inc., right, departs from court for the SolarCity trial in Wilmington, Delaware, U.S., on Monday, July 12, 2021. — Tesla CEO Elon Musk is heading back to court for a second day, and is likely to be questioned over the financial health of SolarCity in 2016 before Tesla acquired it for $2.6 billion. The shareholders also allege that Musk controlled the board of Tesla, even though he appeared to recuse himself from some deal negotiations concerning SolarCity. A typically confrontational Musk failed to answer attorneys' questions in a single day at the Delaware Court of Chancery on Monday during his roughly six hours on the stand. If Elon Musk loses the lawsuit, he could have to pay upwards of $2 billion.
Persons: Elon Musk, Tesla, Musk, Kimbal Organizations: Tesla Inc, Shareholders Locations: Wilmington , Delaware, U.S, WILMINGTON, Del, SolarCity, Delaware
In the "best case," Musk said, Tesla will produce 30,000 to 35,000 of its home backup batteries in the current quarter. Tesla CEO Elon Musk revealed in court on Monday that demand for Tesla Powerwalls stands around 80,000 units, but the company won't be able to make even half of that many this quarter. He pitched the energy storage systems as a way to make renewable energy more reliable, storing solar energy generated during the day for use at night, for example. We were beginning development of the Tesla Powerwall battery. After those price hikes, which affected some Tesla solar customers retroactively, Tesla is also facing proposed class action lawsuits in California and Pennsylvania from unhappy customers who had already lined up financing and made changes to their homes to prepare for Tesla solar installations.
Persons: Elon Musk, Tesla, Musk, Musk's, Lyndon, Peter Rive, It's, SolarCity Organizations: Tesla Inc, Shareholders, SolarCity, Tesla, SpaceX, Energy Locations: Wilmington , Delaware, U.S, Delaware Chancery, Australia, California, Pennsylvania
Slideshow ( 2 images )His testimony will kick off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders. Musk has argued the deal was fair and that it was negotiated by the Tesla board free of his influence and approved by fully informed stockholders. The shareholders’ lawsuit accuses Musk of dominating deal discussions, pushing Tesla to pay more for SolarCity and misleading shareholders about the deteriorating financial health of the solar panel maker. If he was, it would impose a tougher legal standard and increase the likelihood the deal was unfair to shareholders. When Baron asked if Musk bailed out SolarCity, Musk replied: “You are a shameful person.”Tesla’s directors settled allegations from the same lawsuit last year for $60 million, paid by insurance, without admitting fault.
Persons: Elon Musk, Tesla, Joseph Slights, Musk, , Brian Quinn, Randy Baron, Baron Organizations: Boston College Law School Locations: WILMINGTON, Del, Wilmington , Delaware, SolarCity, Tesla
His testimony will kick off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders. Musk has argued the deal was fair and that it was negotiated by the Tesla board free of his influence and approved by fully informed stockholders. The shareholders' lawsuit accuses Musk of dominating deal discussions, pushing Tesla to pay more for SolarCity and misleading shareholders about the deteriorating financial health of the solar panel maker. If he was, it would impose a tougher legal standard and increase the likelihood the deal was unfair to shareholders. When Baron asked if Musk bailed out SolarCity, Musk replied: "You are a shameful person."
Persons: Elon Musk, Tesla, Aly, Joseph Slights, Musk, Brian Quinn, Randy Baron, Baron, Tom Hals, Noeleen Walder, Daniel Wallis Organizations: Tesla, REUTERS, Boston College Law School, Thomson Locations: Tesla China, Shanghai, China, WILMINGTON, Del, Wilmington , Delaware, SolarCity, Tesla
— Tesla CEO Elon Musk defended his role in the company's $2.6 billion acquisition of SolarCity in court Monday, arguing he didn't have any undue pressure on the deal. Shareholders in the suit allege the 2016 deal amounted to a SolarCity bailout, suing Musk and his fellow board members. While the Tesla board members settled in late 2020 for $60 million, Musk opted to take the fight to court. Musk said in his testimony that the acquisition did not amount to a bail out, saying there was no financial gain. He added that he didn't control the appointment of board members, their removal or their compensation.
Persons: Elon Musk, — Tesla, Musk, Chancellor Joseph Slights, didn't, Randy Baron, Baron Organizations: SpaceX, CNBC, YouTube Locations: Washington , DC, United States, WILMINGTON, Wilmington , Delaware
Biden to call efforts to restrict voting 'authoritarian' in speech -White House
  + stars: | 2021-07-12 | by ( ) www.reuters.com sentiment -0.85   time to read: +1 min
U.S. President Joe Biden walks from Marine One as he returns from Wilmington, Delaware, to the White House in Washington, U.S., July 11, 2021. REUTERS/Joshua RobertsWASHINGTON, July 12 (Reuters) - President Joe Biden will call efforts to strip the right to vote from some Americans "authoritarian" in a speech on Tuesday, the White House said on Monday. Biden "will lay out the moral case for why denying the right to vote is a form of suppression and a form of silencing," and discuss steps the administration plans to take to shore up voting rights, White House Press Secretary Jen Psaki said. Biden's speech in Philadelphia will address the ongoing "onslaught of voter suppression laws based on a dangerous and discredited conspiracy theory that culminated in an assault on our capitol," she said. Reporting by Jeff Mason Writing by Doina Chiacu and Heather Timmons Editing by Franklin Paul and Peter GraffOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Joshua Roberts WASHINGTON, Biden, Jen Psaki, Psaki, Jeff Mason, Doina Chiacu, Heather Timmons, Franklin Paul, Peter Graff Organizations: Marine, White, REUTERS, White House Press, Thomson Locations: Wilmington , Delaware, Washington , U.S, Philadelphia, Arizona , Florida, Iowa, Pennsylvania, Texas
Musk trial asks the $2 billion question: Who controls Tesla?
  + stars: | 2021-07-09 | by ( Tom Hals | Sierra Jackson | ) www.reuters.com + 0.00   time to read: +4 min
(Reuters) - Does Elon Musk control Tesla Inc or does Tesla control Elon Musk? “I think it’s going to be very hard for the court to ignore the reality that Elon Musk is Elon Musk and his relationship with Tesla,” said Ann Lipton, a professor at Tulane University Law School. She said the case might present an unusual situation given Musk’s celebrity status, his personal ties to Tesla board members and those board members’ financial ties to SolarCity. “We are highly dependent on the services of Elon Musk, Technoking of Tesla and our Chief Executive Officer,” said Tesla’s 2020 annual report. Board members settled allegations against them last year for $60 million and did not admit to any fault.
Persons: Elon, Musk, Tesla, , Elon Musk, , Ann Lipton, naysayers, Aly Song, Joseph Slights, Larry Hamermesh Organizations: Reuters, Tesla, Shareholders, Elon, Tulane University Law School, Tesla Inc, REUTERS, SolarCity, Delaware Law School Locations: Chancery, Wilmington , Delaware, SolarCity, Tesla China, Shanghai, China
Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly SongJuly 9 (Reuters) - Does Elon Musk control Tesla Inc (TSLA.O) or does Tesla control Elon Musk? She said the case might present an unusual situation given Musk's celebrity status, his personal ties to Tesla board members and those board members' financial ties to SolarCity. "We are highly dependent on the services of Elon Musk, Technoking of Tesla and our Chief Executive Officer," said Tesla's 2020 annual report. Board members settled allegations against them last year for $60 million and did not admit to any fault.
Persons: Elon Musk, Tesla, Aly Song, Elon, Musk, Ann Lipton, naysayers, Joseph Slights, Larry Hamermesh, Tom Hals, Sierra Jackson, Noeleen Walder, Dan Grebler Organizations: Tesla, REUTERS, Shareholders, Elon, Tulane University Law School, SolarCity, Delaware Law School, Thomson Locations: Tesla China, Shanghai, China, Chancery, Wilmington , Delaware, SolarCity, New York
AstraZeneca-Amgen drug gets FDA's speedy review for asthma
  + stars: | 2021-07-08 | by ( ) www.reuters.com sentiment -0.99   time to read: 1 min
The logo for AstraZeneca is seen outside its North America headquarters in Wilmington, Delaware, U.S., March 22, 2021. REUTERS/Rachel Wisniewski/File PhotoJuly 8 (Reuters) - Drugmaker AstraZeneca (AZN.L) said on Thursday its experimental drug tezepelumab was granted a speedy review by the U.S. Food and Drug Administration for potential approval as a treatment for asthma, with action expected in the first quarter next year. The medicine, developed along with U.S-based Amgen (AMGN.O), showed in trials it can reduce asthma attacks in patients with severe and uncontrolled forms of the respiratory condition, with promise for wider use against different triggers. read moreReporting by Pushkala Aripaka in Bengaluru, Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: Rachel Wisniewski, tezepelumab, Pushkala, Sherry Jacob, Phillips Organizations: AstraZeneca, REUTERS, U.S . Food, Drug Administration, Thomson Locations: North America, Wilmington , Delaware, U.S, Bengaluru
(Reuters) -Billionaire Tom Gores’ private equity firm Platinum Equity said on Tuesday it would buy specialty chemicals maker Solenis in a deal valued at $5.25 bln, including debt, and merge it with Sigura Water, a company it bought in 2019. Platinum Equity will acquire Solenis from Clayton, Dubilier & Rice and BASF. By merging Solenis, which is more than a century old, and Sigura Water, Platinum Equity seeks to scale up the latter’s water-treatment products and supply chemicals to food packaging and paper industries. Solenis chief executive John Panichella will lead the combined company. “The combination will help accelerate our growth and provide us access to additional resources and expanded market opportunities,” Sigura chief executive Robert Baird said in a statement.
Persons: Tom Gores, John Panichella, , Robert Baird Organizations: Reuters, Equity, Rice, BASF Locations: Clayton, Dubilier, Wilmington , Delaware, Solenis
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