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Nvidia — Stock in the chipmaker slipped less than 1% before the opening bell, but the artificial intelligence play and "Magnificent Seven" leader officially entered correction territory on Tuesday. Shares have fallen 10% from an all-time closing high of $950 per share on March 25. Alibaba Group — The China-based e-commerce stock rose nearly 3% on media reports that co-founder Jack Ma touted the company's management in an internal memo to employees. GoodRx — Shares climbed nearly 4% after KeyBanc upgraded the telemedicine stock to overweight on the heels of a strong subscriber growth forecast. Deckers Outdoor — Shares slipped more than 2% after Truist downgraded the footwear stock to hold over concerns that demand for core products including Hoka is declining.
Persons: Jack Ma, Truist, Ed Bastian, , Sarah Min, Tanaya Macheel Organizations: Nvidia —, Alibaba, Albemarle —, Bank of America, KeyBanc, Delta Air Lines, CNBC Taiwan Semiconductor Manufacturing Locations: China
Bank of America reiterates Nvidia as buy Bank of America said it's sticking with the stock as a top pick. Mizuho reiterates Block as buy Mizuho raised its price target on the payment company to $106 per share from $99. Bank of America reiterates Coinbase as underperform. Bank of America reiterates Alphabet as buy Bank of America said "AI innovation [was] on display" at the company's Google Cloud Next event. " Deutsche Bank reiterates Amazon as buy Deutsche said the company is a top pick heading into earnings. "
Persons: Morgan Stanley, Piper Sandler, Tesla, Piper, Zillow, Jefferies, Mizuho, Goldman Sachs, Goldman, TD Cowen, Cowen, William Blair, Vital, Canaccord, Truist Organizations: NVIDIA, " Bank of America, Nvidia, Bank of America, Jefferies, Mizuho, SEC, Barclays, Google, Citi, Pharma, Chevron, Exxon, Vital, Argus, Motors, of America, Deutsche Bank, Amazon, Deutsche, E Corp, National, CN Locations: FCFS, Cava, CAVA, Albemarle, 1Q24, OW
4 Takeaways From the Abortion Pill Arguments
  + stars: | 2024-03-26 | by ( Pam Belluck | ) www.nytimes.com   time to read: +1 min
A majority of the Supreme Court seemed inclined on Tuesday to reject a bid to sharply limit access to abortion pills. During about 90 minutes of argument, most of the justices seemed doubtful that the plaintiffs, who do not prescribe abortion pills or regularly treat abortion patients, even had standing to bring the challenge. The justices, including several in the conservative majority, questioned whether the plaintiffs could show that they faced the moral harm they claimed to suffer from the availability of the pill, mifepristone. The case centers on whether changes the Food and Drug Administration made in 2016 and 2021, which broadened access to the drug, would have to be rolled back. Those changes made it possible for patients to obtain prescriptions for mifepristone by telemedicine and receive abortion pills in the mail, which has greatly increased the availability of medication abortion.
Organizations: and Drug Administration, telemedicine
The Supreme Court is expected on Tuesday to weigh the availability of a commonly used abortion pill, raising the possibility that it could sharply curtail access to the drug — even in states where abortion access remains legal. It could also have implications for the regulatory authority of the Food and Drug Administration, potentially calling into question the agency’s ability to approve and distribute other drugs. The current challenge involves mifepristone, a drug approved by the F.D.A. more than two decades ago that is used in nearly two-thirds of abortions in the country. At issue is whether the agency acted appropriately in expanding access to the drug in 2016 and again in 2021.
Persons: Organizations: Food and Drug Administration
If the Supreme Court sides with the plaintiffs and decides to roll back or invalidate Food and Drug Administration regulations on mifepristone, it would be the first time the court undercut the federal agency’s authority. The abortion pill case before the Supreme Court could have implications far beyond abortion, potentially undermining the regulatory system for all medicines in the United States. If the Supreme Court sides with the plaintiffs and decides to roll back or invalidate F.D.A. They would have to pick up mifepristone in person from a doctor and would have to visit the doctor three times during the medication abortion process. and not to abortion providers, some medication abortion services have been stockpiling mifepristone and may continue prescribing and mailing their supply.
Persons: , Matthew J, mifepristone Organizations: Drug, Food and Drug Administration, Northern, Northern District of, Trump, U.S ., Appeals, Fifth Circuit Locations: United States, Northern District, Northern District of Texas
Wells Fargo reiterates Citi as overweight Wells Fargo raised its price target on Citi to $80 per share from $70." "We initiate coverage of Kinetik Holdings Inc. with an Outperform rating and $40 price target." "We are initiating coverage of Motorola Solutions (MSI) with an Outperform rating and $400 Target price." Citi reiterates Netflix as neutral Citi raised its price target on Netflix to $660 per share from $555. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its overweight rating on the stock.
Persons: BoB, Mizuho downgrades Tesla, Wells, Wells Fargo, Kinetik, it's bullish, Huya, Raymond James downgrades Dave, Raymond James, Dave, Buster's, Morgan Stanley, it's, Evercore, Sealy, Raymond James downgrades Scotts, Tesla, MASI Organizations: Bank of America, Nvidia, Mizuho, Citi, RBC, Kinetik Holdings, Northland, Astera, of America, " Bank of America, Meta, Argus, Barclays, Adobe, ISI, Motorola Solutions, Netflix, Mattress, JPMorgan, PT, Raymond James downgrades Scotts Miracle, Gro, Scotts Miracle, Strong, MASI, UBS, Apple, Arista Networks, Arista Locations: China
Another report, published last week by the Guttmacher Institute, a research organization that supports abortion rights, found that medication abortions now account for nearly two-thirds of all abortions provided by the country’s formal health system, which includes clinics and telemedicine abortion services. The JAMA study evaluated data from overseas telemedicine organizations, online vendors and networks of community volunteers that generally obtain pills from outside the United States. Before Roe was overturned, these avenues provided abortion pills to about 1,400 women per month, but in the six months afterward, the average jumped to 5,900 per month, the study reported. The co-authors were a statistics professor at the university; the founder of Aid Access, a Europe-based organization that helped pioneer telemedicine abortion in the United States; and a leader of Plan C, an organization that provides consumers with information about medication abortion. Vendors in the study were vetted by Plan C and found to be providing genuine abortion pills, Dr. Aiken said.
Persons: Roe, , Abigail Aiken, Aiken Organizations: JAMA, Guttmacher Institute, University of Texas Locations: United States, U.S, Austin, Europe, India
CNN —The fate of the abortion pill lies with the Supreme Court. The drug is still fully available while the Supreme Court deliberates. Medication abortion accounts for nearly two-thirds of all US abortions, according to 2023 data from the Guttmacher Institute. At least 5.9 million women have used mifepristone since its FDA approval in 2000. Telehealth for medication abortion is also effective and safe, according to a recent study.
Persons: Roe, Wade, mifepristone Organizations: CNN, Food, Guttmacher Institute Locations: Texas
CNN —The Supreme Court on Tuesday will hear its first abortion case since the 2022 reversal of Roe v. Wade and upheaval of reproductive rights in America. All the while, public regard for the Supreme Court has degenerated. Supreme Court Justice Stephen Breyer is photographed at his home in Cambridge, Massachusetts, in September 2015. Dirck Halstead/The LIFE Images Collection/Getty Images Breyer and his daughter Chloe jog with Clinton in May 1994. Mai/The LIFE Images Collection/Getty Images Breyer works in his office with his staff of clerks in June 2002.
Persons: Roe, Wade, Joe Biden, Donald Trump, Dobbs, Biden, Elizabeth Prelogar, mifepristone, Prelogar, what’s, , Susan B, Anthony Pro, , Evelyn Hockstein, Breyer, Stephen Breyer, Justice Ketanji Brown Jackson, Samuel Alito, Hodges, Trump, , ” Breyer, Damon Winter, Stephen, Irving, Anne, Charles ., Chloe, Nell, Michael —, Joanna Breyer, Ira Wyman, Sygma, Byron White, Ruth Bader Ginsburg, John Harrington, Joanna, John Tlumacki, Bill Clinton, Clinton, Harry Blackmun, Dirck Halstead, Doug Mills, US Sen, Ted Kennedy, Laura Patterson, John Blanding, Colin Powell, George W, Bush, Mai, David Hume Kennerly, Seuss, Evan Vucci, Charles, Marcio Jose Sanchez, William Rehnquist, Clarence Thomas, David Souter, William Kennedy, Antonin Scalia, Sandra Day O'Connor, John Paul Stevens, Chip Somodevilla, John Roberts, Pablo Martinez Monsivais, Samuel Alito's, Gerald Herbert, Cole Mitguard, Mourning, Penni Gladstone, Clara Scholl, Elise Amendola, Nicholas Kamm, Michelle Obama, Barack Obama, Alex Wong, ABC's George Stephanopoulos, Heidi Gutman, Andrew Harrer, Hu Jintao, Eli, Shutterstock Breyer, Britain's Prince Charles, Mandel Ngan, Tom Williams, Carolyn Kaster, Ben Bradlee, Bill O'Leary, Pete Marovich, Stephen Colbert, Jeffrey R, Win McNamee, Elena Kagan, Neil Gorsuch, Anthony Kennedy, Sonia Sotomayor, Maureen Scalia, Andrew Harnik, Brett Kavanaugh, Amy Coney Barrett, Erin Schaff, Abraham Lincoln, George Washington, Saul Loeb, Ketanji Brown Jackson, Patrick, Fred Schilling, Matthew Kacsmaryk, Erin Hawley, GYN, Organizations: CNN, Alabama Supreme, Republican, Food, Drug Administration, FDA, Jackson, Health Organization, District of Columbia, America, United States Conference of Catholic Bishops, Alamo Women's, Reuters, Supreme Court, Democratic, Supreme, New York Times, Harvard Law School, Appeals, First Circuit, Circuit, Getty, White House, Airport, Boston Globe, US, Suffolk University Law School, Francisco's Lowell High School, San Francisco Chronicle, Belgium's Catholic University of Louvain, Georgetown University Law Center, Administrative, Administrative Conference of, Jewish American Heritage Month, Walt Disney Television, Bloomberg, White, Office, Committee, Washington Nationals, Washington Post, Financial Services, General Government, CBS, State, The New York Times, Library of Congress, Alliance, Hippocratic, Alliance for Hippocratic, OB, Department, Justice Locations: America, New York, Carbondale , Illinois, Cambridge , Massachusetts, Maine , Massachusetts, New Hampshire, Puerto Rico, Rhode Island, AFP, San Francisco, Lowell, Washington , DC, United States
Cynthia George is one of millions of Americans in jeopardy of losing their home internet access. Yet Congress is nowhere close to approving the $6 billion that President Joe Biden says would renew the ACP and avert calamity for tens of millions of Americans. Courtesy Michelle McDonoughLike George, McDonough also expects she’ll have to cut back on groceries if the ACP goes away. The FCC’s Lifeline program, which dates to the Reagan administration, similarly gives low-income households a monthly discount on phone or internet service. “You’re taking ACP away from the farmers that can check the local produce prices and be able to reasonably negotiate their prices with retailers.
Persons: Cynthia George, Cynthia George George, Joe Biden, Pedro Ugarte, , Gigi Sohn, , George, ” George, Michelle McDonough, McDonough, she’ll, doesn’t, “ I’m, ” McDonough, Mandel Ngan, Gary Johnson, Paul, , Kamesha Scott, Louis, Scott, Megan Janicki, ” Janicki, Reagan, Biden, ” Blair Levin, Bill Clark, Levin, Jonathan Blaine, ” Blaine, Blaine Organizations: Washington CNN, MSN, Federal Communications Commission, Program, Lawmakers, ACP, FCC, Getty, CNN, , White, Comcast, George, Congress, Paul Bunyan Communications, American Library Association, Lifeline, House Republicans, New, Research, Republican, ” Lawmakers Locations: Washington ,, AFP, United States, Maine, Washington , DC, Minnesota, St, , Lake Havasu City, Ariz, Vermont
The latest trends also suggest that medication abortion is a more common option than ever. Medication abortion has become more common than ever post-Roe, according to another new Guttmacher report. Nearly two-thirds of all abortions in the US in 2023 – an estimated 642,700 – were medication abortions, the report says. Medication abortion, also known as medical abortion, is a method by which someone ends their pregnancy by taking two pills – mifepristone and misoprostol – rather than having a surgical procedure. Misoprostol can be used on its own for a medication abortion and is a safe alternative, but research suggests that using both pills together is the gold standard.
Persons: Court’s Dobbs, , misoprostol, Dr, Sanjay Gupta, CNN’s Jen Christensen, Tierney Sneed Organizations: CNN, Guttmacher Institute, Guttmacher, US Food and Drug Administration, CNN Health Locations: United States
"We are initiating coverage of Evolent Health with an Outperform rating and $45 price target." Goldman Sachs downgrades Estee Lauder to neutral from buy Goldman downgraded the stock and said it's under "sizeable pressure." "We are upgrading Annexon (ANNX shares) to Overweight from Neutral and establishing a December 2024 price target of $11." Bank of America reiterates Eli Lilly as buy Bank of America raised its price target on the stock to $1000 per share from $800. "Following 4Q23 earnings we are upgrading GoodRx from Neutral to Overweight and increasing our December 2024 price target from $7 to $10."
Persons: Davidson, Campbell, Morgan Stanley, JD, TD Cowen, Parker, Dell, Goldman Sachs, Goldman, Louise Singlehurst, Tom Ford, Jefferies, Root, AVGO's, Stephens, Vita Coco, COCO, Piper downgrades, Piper, Redburn, Oppenheimer, Daiwa, Morgan Stanley downgrades Flywire, Goldman Sachs downgrades Estee Lauder, Estee Lauder, Dwight, Wells, Eli Lilly, Lilly, D.A Organizations: Apple, Vulcan, Merck, Vertex Pharmaceuticals, Bank of America, Broadcom, York Community Bancorp, Netflix, Micron, Mizuho, MU, Citi, EV, Health, Nvidia, Dwight, Hewlett Packard Enterprises, JPMorgan, biosciences, " Bank of America Locations: York, Davidson, Oshkosh, Minneapolis , MN
Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.
Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea
A New Abortion Access Strategy
  + stars: | 2024-02-22 | by ( Pam Belluck | ) www.nytimes.com   time to read: +1 min
These telemedicine shield laws block officials in red states who might prosecute or sue the abortion providers in Massachusetts, New York, California, Vermont, Colorado and Washington State. Since the Supreme Court’s Dobbs decision overturned Roe v. Wade and triggered a wave of bans in conservative states, abortion rights advocates have worked to preserve access. They’ve used mobile clinics across the border from red states — and funds that cover the cost of travel to places where abortion is legal. A new toolThe providers started mailing abortion pills under the shield laws just last summer. They’ve already prescribed and mailed abortion pills to tens of thousands of women in Texas, Idaho and other places that banned abortion after the high court’s 2022 decision.
Persons: I’ve, Court’s Dobbs, Roe, Wade, They’ve Organizations: Washington State Locations: Massachusetts , New York , California , Vermont, Colorado, Texas , Idaho
He’s seeing this develop as co-CEO of Amwell, a Boston-based company that provides telemedicine software and technology for health systems and insurers. The company works with more than 55 health plans and health systems representing over 2,000 hospitals. Q: What is some care patients seek in-person now that you expect will become largely virtual in the future? The revolution that’s going on right now is where people are beginning to utilize these technologies to interact with their regular caretakers. If the patient is not doing well, (the technology) will have the smarts to escalate that patient right back in front of (a nurse or doctor).
Persons: Roy Schoenberg, He’s, Schoenberg, We’re, Ido, We’ve Organizations: Associated Press, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Boston, telemedicine
I met Kattie in the waiting room of the Trust Women abortion clinic. Finally, she looked north and found Trust Women in Wichita, Kansas, where I first met her on a drizzly November day. How Trust Women went from a catchphrase to a clinicTrust Women sits near a main road in Wichita, Kansas. 'Screw Texas'Kiernan, the director of nursing at Trust Women, has tattoos of plants that have been historically used as birth control. That has meant clinics like Trust Women receive a large number of out-of-state travelers, especially from southern neighbors like Oklahoma and Texas.
Persons: , Kattie, she'd, Focht, Maiya, George Tiller, Tiller, Zack Gingrich, Gingrich, Gaylord, Roe, Wade, Kiernan, Texas, Dobbs, they're, I'm, telemedicine, Madison, Stormi, Kate Cox, Brittany Watts, Jennifer Kerns, Rachel O'Leary Carmona, Women's, Gaylor, Kerns, It's, O'Leary Carmona Organizations: Service, Business, Gaylord, Trust, Jackson, Health Organization, Trust Women, Texas Supreme, Centers for Disease Control, Women, University of California, OB Locations: Houston , Texas, Wichita , Kansas, Women's, Kansas, Oklahoma City, Oklahoma, State, Dobbs, Texas, Madison, Kansans, Texas . Wichita, Houston, Wichita, Kentucky, Ohio, San Francisco, UCSF, Kattie
Both children received help through telehealth therapy, a service that schools around the country are offering in response to soaring mental health struggles among American youth. The growth reflects a booming new business born from America’s youth mental health crisis, which has proven so lucrative that venture capitalists are funding a new crop of school teletherapy companies. For rural schools and lower-income students in particular, it has made therapy easier to access. Schools let students connect with online counselors during the school day or after hours from home. It now employs more than 300 clinicians providing teletherapy in over 150 school districts in 15 states.
Persons: Maria Ishoo’s, Valerie Aguirre’s, , Ishoo, , ” Ishoo, Trish Wilson, that’s, Wilson, Doreen Hogans, Kevin Dahill, Hazel, Josh Golomb, Prince George’s, Golomb, ” Golomb, Ashwin Vasan, ” Vasan, Fern Yoshida, Valerie Aguirre's, Aguirre, teletherapy, ” Aguirre, , Sharon Lurye Organizations: Associated Press, Schools, Hazel Health, Hazel, Los, Clark County, Dade, Press, Carnegie Corporation of New, AP Locations: California, Hawaii, Lancaster , California, Lancaster, Prince George’s County , Maryland, San Francisco, Los Angeles County, Clark, Las Vegas, Miami, Houston, New York City, New York, Maui, Carnegie Corporation of New York
Accidents are all too common, and often deadly, says Sam Mayall, a lifelong sailor and former maritime transport deck officer. “A lot of the technologies employed offshore now are the same technologies that have been there for the last 40 or 50 years,” says Mayall. Spotting people is just one part of search and rescue — getting them out of the water rapidly is also critical. Zelim’s “Swift” conveyor belt is adapted to the maritime environment to get people out of the water quickly. The maritime industry is slow to innovate, says Phillips, and the industry-standard rescue winches have been the same for decades.
Persons: Sam Mayall, , Mayall, , ” Zelim, isn’t, “ Swift, , Laura Tognarelli, Swift, “ It’s, ” Sam Mayall, Gareth Phillips, Phillips, Phillips — Organizations: CNN, coastguard, UK’s, Guardian, US Coastguard, Mariners, CNN Guardian, Zelim, Milford Haven Port Authority, Swift, Marine Locations: Scottish, Milford Haven, MHPA
Amazon is considering an expansion into veterinary telehealth in its latest bid to compete with Walmart , which began offering the service to Walmart+ subscribers earlier this year, people familiar with the matter told CNBC. Veterinary telehealth allows pet parents to have virtual appointments with veterinarians and veterinary technicians. Earlier this year, Walmart signed a deal with veterinary telehealth provider Pawp to offer Walmart+ subscribers free access to the startup's membership for a year. Amazon could turn to Pawp to fuel a potential pet telehealth offering in time for the holiday season because Pawp has already proven it can scale with a large retailer. Amazon could also partner with one of the dozens of other pet telehealth startups on the market or build its own practice, which is what Chewy did when it began offering the service during the Covid pandemic.
Persons: Pawp Organizations: Walmart, CNBC, Veterinary, Pawp, Black
Shipping company Maersk posted record annual earnings for 2022 but warned that profits are set to tumble this year as a "more balanced demand environment" emerges. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. GPS, geospatial intelligence and satellite communications are the invisible backbone that powers the world's largest industries today." That's the core of Space Capital managing partner Chad Anderson's pitch to new investors about the value of the space industry – and I think the "invisible backbone" element serves as an important reminder. Satellites have been, are, and will continue to be a critical backbone of the world's industries – even if we don't notice.
Persons: CNBC's Michael Sheetz, Chad Anderson's, David Sherry, Sherry, Starlink, We've, Lloyd Organizations: Shipping, Maersk, Space Capital, Starlink, Mitsui, Eastern Pacific Shipping, Polembros Shipping Locations: Danish, Mitsui O.S.K
Amazon will soon make prescription drugs fall from the sky when the e-commerce giant becomes the latest company to test drone deliveries for medications. The company's Prime Air division began testing drone deliveries of common household items last December in College Station and Lockeford, California. Amazon founder Jeff Bezos had predicted a decade ago that drones would be making deliveries by 2018. Walmart has also been working to expand its own drone deliveries. Amazon has been growing its presence in health care for a few years now.
Persons: Jessica Bardoulas, John Love, Vin Gupta, Daniel Duersch, Jeff Bezos, Lisa Ellman Organizations: College Station ,, Prime Air, Amazon, Amazon Pharmacy, CVS, UPS, Intermountain Health, Alliance, FAA, Walmart Locations: College Station, College Station , Texas, College, Lockeford , California, North Carolina, Salt Lake City
A company that prioritizes product-market fit can build a great, customer-focused business. The venture capitalist Marc Andreessen has said that for startups, product-market fit is "the only thing that matters." I appreciate Marc's wisdom: Great product-market fit produces a sugar high. And that goal is well aligned with the broader social goal of making people less lonely. Over time, it became apparent that this was not a great social fit.
Persons: I'm, Vivek Murthy, Robert Putnam's, Jeff Bezos, I've, Marc Andreessen, It's, haven't, Apple, Eventbrite, David Risher Organizations: Netflix, Apple, Amazon, Lyft Locations:
Los Angeles CNN —On Wednesday, thousands of unionized health care employees walked off the job after failed contract negotiations with their employer, Kaiser Permanente, a company whose business model is distinctive, compared to most health care providers in the United States. Members are mainly locked in to using Kaiser health workersKaiser’s membership dues set it apart from America’s traditional “fee-for-service” health care model, in which a doctor or health care provider is paid a fee for each service they perform. It’s a nonprofit entityAlthough Kaiser Permanente operates as a nonprofit entity, it generates billions of dollars in profit. “It’s time for Kaiser executives to invest those resources in addressing the desperate needs of Kaiser patients and frontline health care workers. August said in his experience at Kaiser Permanente, employees were “very proud” of their work.
Persons: Kaiser, , John August, Kaiser Permanente, ‘ I’m, ’ ”, Gerald Kominski, ” Kominski, It’s, “ Kaiser, Renee Saldana, , Kominski Organizations: Los Angeles CNN —, Kaiser Permanente, Coalition, Kaiser Permanente Unions, of, UCLA Center for Health, Research, SEIU, UHW, Kaiser Locations: Kaiser, United States, Oakland , California, California , Colorado, of Columbia , Georgia, Hawaii , Maryland , Oregon, Virginia, Washington
A Miami federal judge ordered a lab owner convicted of defrauding Medicare to forfeit more than $187 million worth of proceeds from the scam, including $30 million in cash, a 2018 Ferrari Spider and real estate, the U.S. Department of Justice said Wednesday. The lab owner, Minal Patel of Atlanta, was sentenced in August to 27 years in prison for filing nearly $500 million in false claims to Medicare for sophisticated, and expensive, cancer genetic tests. The DOJ said Wednesday that the 44-year-old conspired with telemedicine companies, call centers and patient brokers to convince Medicare beneficiaries to take the genetic tests through his company LabSolutions. Medicare paid out more than $187 million in false claims for the tests. In addition to the Ferrari, which he bought for nearly $400,000, Patel also will forfeit a Land Rover Range Rover that he purchased for $215,000, according to court documents.
Persons: Spider, Minal Patel, Patel Organizations: Miami, U.S . Department of Justice, Medicare, DOJ, Ferrari, Rover Locations: Atlanta
WASHINGTON (Reuters) - Monday marks the first day of the U.S. Supreme Court’s new term as it prepares to tackle major cases involving gun rights, the power of federal agencies, social media regulation and Republican-drawn electoral districts, and considers taking up a dispute over the availability of the abortion pill. FILE PHOTO: A police officer patrols outside the U.S. Supreme Court in Washington, U.S. June 30, 2023.? The conservative justices in multiple rulings in recent years have pared back the authority of federal agencies including the Environmental Protection Agency. A case to be argued on Nov. 7 presents the conservative justices with an opportunity to broaden gun rights even further. Circuit Court of Appeals in its ruling barred telemedicine prescriptions and shipments of mifepristone by mail.
Persons: Jim Bourg, ” “, , Erwin Chemerinsky, Steve Schwinn, Roe, Wade, Joe Biden’s Organizations: WASHINGTON, U.S, Supreme, Consumer Financial Protection Bureau, Securities and Exchange Commission, SEC, Chevron, University of California Berkeley Law School, Environmental Protection Agency, ” University of Illinois, South, Republican, House, Circuit, Appeals Locations: U.S ., Washington , U.S, Iowa, Chevron, ” University of Illinois Chicago, South Carolina, Texas, Florida, New Orleans
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