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Taxes, Drugs and … TikTok?
  + stars: | 2023-09-02 | by ( Sapna Maheshwari | More About Sapna Maheshwari | ) www.nytimes.com   time to read: +1 min
On a recent summer day, Austin Knudsen, Montana’s attorney general, drove his red Buick from Helena, the state’s capital, to Boulder, a tiny town about a half-hour away whose main claim to fame is that it’s home to the state’s highway border patrol. The road was quiet, flanked by the sort of sprawling pastures and expansive landscapes that give Montana its nickname of Big Sky Country. When Mr. Knudsen visits the highway patrol, which is under his purview, he swears by the steak and burgers at the Windsor, a local haunt that grills its meats behind the bar and where patrons can be spotted drinking beer straight from a pitcher. In May, the state passed a law to ban TikTok that was drafted by Mr. Knudsen’s office. Federal lawmakers, just like Mr. Knudsen, have been concerned that TikTok could expose private user data to Beijing because the app is owned by ByteDance, a Chinese company.
Persons: Austin Knudsen, Knudsen, Chris LeDoux Organizations: Big Sky, Washington , D.C, Federal, ByteDance Locations: Helena, Boulder, Montana, Windsor, United States, Washington ,, Beijing
Kirsten and Devin Trout wanted to live in Nashville but couldn't afford to rent or buy a home. We both grew up in normal households and never pictured ourselves getting into RV living. The Trout family dogs in their RV living room. I have had to learn a lot of things related to the RV lifestyle the hard way. While we do get negative comments, there are still a lot of people that tell us we've helped them get into the RV lifestyle and achieve financial freedom — it's why I continue posting to my pages.
Persons: Kirsten, Devin Trout, Kirsten Trout, Devin, he's, Zack Knudsen, homeownership, We've, we've, we'd Organizations: Service, YouTube Locations: Nashville, Wall, Silicon, Nashville , Tennessee, Delaware, Tennessee, Montana
Fast-fashion juggernaut Shein is facing more scrutiny from elected officials in the U.S. who want the company to prove it doesn't use forced labor before it files for a widely rumored initial public offering. "It is apparent that SHEIN is attempting to launch an IPO before the end of this calendar year. Shein has faced accusations that it used forced labor from the Xinjiang region in China to fuel its meteoric rise as rumors swirl that it is preparing to go public. "These are in raw materials so when we have a raw material positive test, that means that raw material is removed from production," Pernot-Day said. Pernot-Day said one of Shein's primary objectives at the moment is to get its positive test results down to zero.
Persons: Gary Gensler, SHEIN, Austin Knudsen, Shein, Peter Pernot, Oritain Organizations: U.S . Securities, Exchange, Montana's, Sparc Group, Chinese Communist Party, Bloomberg, CNBC, Politico Locations: U.S, Xinjiang, China, Shein
A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. REUTERS/Jim Vondruska/Illustration/File Photo Acquire Licensing RightsLONDON, Aug 23 (Reuters) - Novo Nordisk (NOVOb.CO) has hired Thermo Fisher (TMO.N) as its second contract manufacturer for its hugely popular weight-loss drug Wegovy, a source familiar with the matter told Reuters. Thermo is doing the filling of the Wegovy injection pens at its factory in Greenville, North Carolina, the source said, declining to be named because the information is confidential. Novo Chief Financial Officer Karsten Munk Knudsen told Reuters in May the company had signed up a second contract manufacturer in the United States, but the identity of the company has not previously been reported. Wegovy launched in the United States in June 2021, the first-to-market in a new class of highly effective weight-loss drugs.
Persons: Jim Vondruska, Karsten Munk Knudsen, Wegovy, Knudsen, Catalent's, Maggie Fick, Josephine Mason, Mark Potter Organizations: REUTERS, Novo Nordisk, Reuters, Novo, Thomson Locations: Chicago , Illinois, U.S, Greenville , North Carolina, United States, Danish, Brussels, Belgium
A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. REUTERS/Jim Vondruska/Illustration/File Photo Acquire Licensing RightsLONDON, Aug 23 (Reuters) - Novo Nordisk (NOVOb.CO) has hired Thermo Fisher (TMO.N) as its second contract manufacturer for its hugely popular weight-loss drug Wegovy, a source familiar with the matter told Reuters. Thermo is doing the filling of the Wegovy injection pens at its factory in Greenville, North Carolina, the source said, declining to be named because the information is confidential. Novo Chief Financial Officer Karsten Munk Knudsen told Reuters in May the company had signed up a second contract manufacturer in the United States, but the identity of the company has not previously been reported. Wegovy launched in the United States in June 2021, the first-to-market in a new class of highly effective weight-loss drugs.
Persons: Jim Vondruska, Karsten Munk Knudsen, Wegovy, Knudsen, Catalent's, Maggie Fick, Josephine Mason, Mark Potter Organizations: REUTERS, Novo Nordisk, Reuters, Novo, Thomson Locations: Chicago , Illinois, U.S, Greenville , North Carolina, United States, Danish, Brussels, Belgium
A separate lawsuit has been filed by TikTok users in Montana. Knudsen said in a legal filing that Montana can ban harmful products, saying it does not violate free speech rights. The law does not impose penalties on individual TikTok users. TikTok estimates 380,000 people in Montana use the video service, or more than a third of the state's 1.1 million people. The American Civil Liberties Union this month called TikTok's ban unconstitutional and "a direct restriction on protected expression and association."
Persons: Dado Ruvic, China's ByteDance, General Austin Knudsen, " Knudsen, Donald Trump, Knudsen, David Shepardson, Jonathan Oatis Organizations: REUTERS, Tencent Holdings, Republican, HK, Biden, American Civil Liberties Union, Thomson Locations: Montana
Youth plaintiffs in the climate change lawsuit, Held vs. Montana, arrive at the Lewis and Clark County Courthouse, on June 20, 2023, in Helena, Mont., for the final day of the trial. A Montana judge on Monday sided with young environmental activists who said state agencies were violating their constitutional right to a clean and healthful environment by permitting fossil fuel development without considering its effect on the climate. That leaves slim chances for immediate change in a fossil fuel-friendly state where Republicans dominate the statehouse. Julia Olson, an attorney representing the youth, released a statement calling the ruling a "huge win for Montana, for youth, for democracy, and for our climate." "Montanans can't be blamed for changing the climate — even the plaintiffs' expert witnesses agreed that our state has no impact on the global climate.
Persons: Lewis, Kathy Seeley, Judge Seeley, Julia Olson, Olson, Emily Flower, Austin Knudsen Organizations: Republicans, Montana, Trust, Montana Attorney Locations: . Montana, Clark, Helena, Mont, Montana, U.S, West, Oregon
CNN —A Montana judge handed a significant victory on Monday to more than a dozen young plaintiffs in the nation’s first constitutional climate trial, as extreme weather becomes more deadly and scientists warn the climate crisis is eroding our environment and natural resources. While Seeley’s ruling won’t prevent mining or burning fossil fuels in the state, it will reverse a recently passed state law that prohibits state agencies from considering planet-warming pollution when permitting fossil fuel projects. “Their same legal theory has been thrown out of federal court and courts in more than a dozen states. The federal climate case alleges the federal government’s activities allowing further fossil fuel development, including permitting and leasing for oil and gas drilling, is violating young people’s constitutional rights to life, liberty and property. Olson recently told CNN she hopes the state case will boost the Juliana case.
Persons: Kathy Seeley, Montana’s, ” Seeley, , Julia Olson, Montana didn’t, general’s, Emily Flower, Austin Knudsen, ” Flower, , Pat Parenteau, Olson, Biden, Daniel Farber, Juliana, it’s, ” Olson, ” Michael Gerrard, Gerrard, ” Farber Organizations: CNN, Trust, Montana, CNN Experts, Montana Supreme, Environmental, Vermont Law School, University of California, United, Children’s Trust, Biden administration’s Department of Justice, Court, Sabin, Climate, Columbia University Law School Locations: Montana, ” Montana, Hawaii, University of California Berkeley, United States
Microbial contamination of drugs injected into the body, rather than swallowed, can be deadly, the people said - although the FDA inspectors didn't report any signs of this sort of contamination at the Brussels factory. In both visits, the FDA inspectors found Catalent staff had repeatedly failed to investigate why equipment was malfunctioning. BLINDSIDED BY BOOMING DEMANDWithin months of launching Wegovy, Novo Nordisk was overwhelmed by demand in America, and told shareholders that its initial supply would not keep pace. From December that year and throughout 2022, Novo repeatedly pushed out the timeline for when the supply constraints would end. In late December 2022, Novo announced all five dose strengths were available again in the United States.
Persons: Wegovy, Catalent, Eli Lilly, LLY.N, Susan Bain, Karsten Munk Knudsen, Ambre James, Brown, James, Knudsen didn't, Steven Lynn, Lynn, David Talmage, didn't, Novo, Maggie Fick, Vincent Flasseur, Michele Gershberg Organizations: U.S . Food, Drug Administration, Reuters, FDA, Novo Nordisk, University of Southern, Novo executives, Novo, U.S, Manufacturing, Parenteral Drug Association, Thomson Locations: U.S, Brussels, Danish, University of Southern California, Wegovy, Novo, America, United States
July 7 (Reuters) - A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual funds are sufficiently independent of the world's largest asset manager. The letter was addressed to ten individuals listed in a BlackRock filing as nominees to a board that oversees BlackRock closed-end mutual funds. Among other things, they said BlackRock fund trustees who serve as directors of companies where BlackRock owns more than 5% of shares could lead to independence concerns. They also cite how BlackRock fund directors are responsible for dozens of funds - exceeding BlackRock's own "overboarding" guideline for public company boards. Critics have raised similar issues in the past about whether well-paid mutual fund directors are positioned to speak up.
Persons: Austin Knudsen, Ross Kerber, Diane Craft Organizations: Republican, Reuters, Montana Attorney, BlackRock, AGs, Thomson Locations: Montana, BlackRock
WASHINGTON, July 5 (Reuters) - TikTok Inc on Wednesday asked a U.S. judge to block enforcement of a Montana state ban on use of the Chinese-owned app before it takes effect on Jan. 1. Chandlee said if the ban takes effect "we expect that additional advertisers and business partners will pull back from working with TikTok Inc (which is the entity that receives income from U.S. advertisers, including in Montana)." Montana could impose fines of $10,000 for each violation by TikTok. TikTok estimates 380,000 people in Montana use the video service, or more than a third of the state's 1.1 million people. TikTok's lawsuit names Montana Attorney General Austin Knudsen, who is charged with enforcing the law.
Persons: China's ByteDance, Donald W, Molloy, Blake Chandlee, TikTok, Chandlee, Donald Trump, Austin Knudsen, David Shepardson, Himani Sarkar, Robert Birsel Organizations: Inc, Wednesday, U.S, District, TikTok, Business, Constitution's, TikTok Inc, HK, Montana Attorney, Thomson Locations: Montana
AGs Want Their Lawsuit Money Back
  + stars: | 2023-06-11 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/national-association-of-attorneys-general-lawsuit-montana-utah-dave-yost-austin-knudsen-7e17a3c6
Persons: Dow Jones, yost, knudsen Organizations: austin, 7e17a3c6 Locations: utah
A lawsuit brought against the state of Montana by a group of kids heads to trial on Monday. The outcome has the potential to set an important precedent in the fight against climate change. "We've seen repeatedly over the last few years what the Montana state Legislature is choosing," Gibson-Snyder said. He argued climate change could ultimately benefit Montana with longer growing seasons and the potential to produce more valuable crops. A ruling in favor of the Montana plaintiffs could have ripple effects, according to Philip Gregory, Our Children's Trust attorney.
Persons: Grace Gibson, Snyder, she's, We've, Gibson, Austin Knudsen, Kathy Seeley, Seeley, Jim Huffman, Huffman, Terry Anderson, Anderson, Philip Gregory, Gregory said, John Roberts, Julia Olson, Jonathan Adler, Adler, I've Organizations: Service, Republican, Gibson, Montana's Constitution, Montana Attorney, Lewis & Clark Law School, Trust, U.S, Supreme, Lawmakers, Case Western Reserve University, Yale University Locations: Montana, U.S, Missoula, Montana's, Pennsylvania, Massachusetts, New York, Portland , Oregon, Helena, Hawaii, Oregon, Montana and Oregon, Cleveland, New Haven , Connecticut
Montana Governor Greg Gianforte on Wednesday signed legislation to ban TikTok in the state, effective Jan. 1. The TikTok users argue the state seeks to "exercise powers over national security that Montana does not have and to ban speech Montana may not suppress." The suit adds users believe the law violates their First Amendment rights. "Montana can no more ban its residents from viewing or posting to TikTok than it could ban the Wall Street Journal because of who owns it or the ideas it publishes," the lawsuit said. TikTok has faced growing calls from U.S. lawmakers and state officials to ban the app nationwide over concerns about potential Chinese government influence over the platform.
Danish pharmaceutical company Novo Nordisk said Thursday it was cutting the supply of starter doses of its obesity drug Wegovy in the U.S. as it struggles to keep up with surging demand. Novo Nordisk reported forecast-beating first-quarter sales Thursday following a spike in demand for its blockbuster weight-loss drug. Still, shares of the pharmaceutical giant were down 7% on Thursday morning on news of the supply cut. He added that there were further plans to increase production in the coming years. "This is also a reflection of a very big market and a very big unmet need for safe and efficacious medication, and that's where Wegovy comes in, being very efficacious and safe for patients [with obesity]," he said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNovo Nordisk cuts some supply of Wegovy obesity drug as demand growsKarsten Munk Knudsen, chief financial officer at Novo Nordisk, says the company is halving the supply of starter doses of its Wegovy weight loss drug to ensure "continuity of care" for existing patients.
Beau, the addled midlife wreck played by Joaquin Phoenix in “Beau Is Afraid,” isn’t just afraid, he is terrorized: harassed, beaten, stabbed and even kidnapped in a surreal black comedy that often feels less like a conventional film than a three-hour panic attack. (In the hands of high-anxiety auteur Ari Aster, of “Hereditary” and “Midsommar” fame, consider that a compliment.) Thanks to his monstrous mother, he has become a man resigned to life without love or companionship. For Aster, it turns out, there was never a second choice. There was a feeling like, ‘Look, we’ll try, but we likely won’t be able to afford it.’”
The NewsA state representative in Montana asked a court on Monday to allow her to return to the House floor for the rest of the state’s legislative session, arguing that her First Amendment rights had been violated after an escalating standoff over her remarks on transgender issues. Representative Zooey Zephyr, a Democrat from Missoula, was barred last week from participating in deliberations in the House chamber after she made impassioned comments in opposition to a ban on hormone treatments and surgical care for transgender minors. The bill, which passed, has since been signed by Gov. “I’m determined to defend the right of the people to have their voices heard,” Ms. Zephyr, who is transgender, tweeted on Monday when announcing her lawsuit, adding that the rights of her 11,000 constituents had also been violated. Four of them were also named as plaintiffs in the lawsuit, which was filed by the American Civil Liberties Union of Montana and other lawyers.
The 10 Senate seats most likely to flip in 2024
  + stars: | 2023-04-30 | by ( Simone Pathe | ) edition.cnn.com   time to read: +19 min
The GOP needs a net gain of one or two seats to flip the chamber, depending on which party wins the White House in 2024, and it’s Democrats who are defending the tougher seats. Jim Justice announcing his Senate bid in West Virginia – the seat most likely to flip party control in 2024. In a presidential year, the national environment is likely to loom large, especially with battleground states hosting key Senate races. Two businessmen with the ability to tap into or raise significant resources could be in the mix – Eric Hovde, who lost the GOP Senate nomination in 2012, and Scott Mayer. Still, unseating Cruz in a state Trump won by nearly 6 points in 2020 will be a tall order.
Now, a woman’s risk of developing breast cancer could “be updated every time she gets a new mammogram.”Background: Breast Density MattersBreast density is now an acknowledged risk factor for breast cancer, albeit one of many. Dozens of states have started requiring mammography centers to notify women if they have dense breast tissue. In March, the Food and Drug Administration recommended that providers tell women about their breast density. But this is the first study to measure changes in density over time and to report a link to breast cancer. One next step may to be examine breast density over time in women taking medication to prevent breast cancer to see if the density decreases, Dr. Knudsen suggested.
Meanwhile, Republicans, many from energy-producing states, have raised a growing chorus of challenges on ESG. This can be a problem for fund participants who do not share ESG goals, the Republicans wrote. Asset managers have argued that such memberships align with their fiduciary obligations, and some are giving clients more control over proxy votes. "Asset managers voting for the exclusion of one of their competitors has clear antitrust implications," the letter states. The resolutions were filed by activist shareholder group As You Sow, which the Republicans suggested had targeted Vanguard over its withdrawal.
Meanwhile, Republicans, many from energy-producing states, have raised a growing chorus of challenges on ESG. The latest letter built on concerns many of the same attorneys general brought to BlackRock last August. This can be a problem for fund participants who do not share ESG goals, the Republicans wrote. Another section of the Republicans' letter cites several pending shareholder resolutions that ask corporations to dial back the use of Vanguard Group retirement plan funds because of Vanguard's fossil fuel holdings. "Asset managers voting for the exclusion of one of their competitors has clear antitrust implications," the letter states.
The Geneva-based International Organization for Standardization (ISO) approved the new merchant category code (MCC) in September to help detect suspicious firearms and ammunition sales to combat gun violence. A Mastercard representative said on Thursday via email that such bills would cause "inconsistency" in how the code could be applied by merchants, banks and payment networks. "It's for that reason that we have decided to pause work on the implementation of the firearms-specific MCC," said the Mastercard representative, Seth Eisen. Accordingly, Visa is pausing implementation of the MCC," Visa said in a statement sent by a spokesperson. The moves mark a setback for gun-control activists, though the payment networks stopped short of saying they would reject the code outright.
Black-owned hair care brand Mielle Organics announced Wednesday that it will join P&G Beauty, which is part of the major conglomerate that owns some of the biggest personal care brands in the world, including Always and Olay. P&G Beauty will work with Mielle Organics to expand access to the brand in Black communities and fund research and innovation in hair care for underserved communities, Lela Coffey, vice president of P&G’s multicultural hair business, said in a statement. Mielle co-founder Monique Rodriguez said of the partnership, “I am thrilled that we will make an even greater impact in how we give back to the community.”This comes weeks after Mielle Organics became the subject of controversy after its rosemary mint scalp and strengthening oil went viral on TikTok. Mielle Organics. Najeera Williams, who owns the natural hair care brand Chairish Naturals and is a Mielle Organics customer, explained the collective concern among Black consumers in a TikTok post.
'Borgen' character drew inspiration from Danish PM
  + stars: | 2022-10-07 | by ( ) www.reuters.com   time to read: +2 min
COPENHAGEN, Oct 7 (Reuters) - The screenwriter of hit series "Borgen" says the main theme in the show's latest season - the darker side of holding power - drew inspiration from Denmark Prime Minister Mette Frederiksen, who has been criticised for centralising authority. "We have a premise for Borgen ... Can you remain in power and still remain true to yourself?," Price told Reuters during an interview in Copenhagen. 1/3 Denmark's Prime Minister Mette Frederiksen speaks during a news conference in front of Marienborg in Copenhagen, Denmark October, 5 2022. "Naturally, we are also inspired by elements in the character of our current Prime Minister," Price said, adding that Nyborg's character was also influenced by many other current and former political personalities. "I'm sure a lot of people in the UK would enjoy that, especially if we weren't very friendly towards Brussels," Price said.
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