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☆ Trick That Helps Big Pharma Companies Avoid Paying Billons in US Taxes
▼ + stars: | 2023-08-03 | by ( Brad Setser | Tess Turner | ) www.businessinsider.com time to read: +11 min

But take a look at the corporate disclosures of America's largest pharmaceutical companies, and a puzzling hole opens. Large legal loopholesThe offshore migration of these pharmaceutical companies' profits may seem egregious, but the tax gymnastics are generally legal. On paper, America's corporate-tax rate is 21%, but the country's largest and most profitable pharmaceutical companies don't pay anything close to that. What's more, the superlow rate enjoyed by American pharmaceutical companies isn't necessary for these firms to be internationally competitive. A spoonful of medicine to make the taxes go downAmerica's pharmaceutical companies have made great contributions to medicine.

Persons: Democratic Sen, Ron Wyden, AbbVie, it's, Keytruda, Gilead, Eli Lilly, they've, Brad W, Whitney, Tess Turner Organizations: Merck, National Institutes of Health . Pharmaceutical, Democratic, Pfizer, US pharma, US Treasury, Trump, Treasury, US, Denmark's, Nordisk, Novartis, National Institutes of Health, Whitney Shepardson, Council, Foreign Relations Locations: Oregon, America, Caribbean, Europe, Bermuda, Puerto Rico, Germany, Ireland, Singapore, Switzerland, Belgium, Denmark

☆ Here's what's next for bank stocks after the failure of First Republic
▼ + stars: | 2023-05-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

First Republic's demise was the third regional bank failure since early March, when Silicon Valley Bank and Signature Bank folded within days of each other. There is cautious optimism on Wall Street that First Republic will be the last failure of this period. However, reports from other regional banks weren't nearly as dire, with many reporting that deposits had stabilized and were growing again. However, the failure of First Republic could cause some more turbulence, at least in the short-term, for both deposits and bank stocks. "We don't believe that regional banks are completely out of the woods," Wolfe Research chief investment strategist Chris Senyek said in a note to clients on Monday.

☆ Ancient DNA reveals secrets of empire that pushed China to build its Great Wall
▼ + stars: | 2023-04-17 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

Known as the Xiongnu, the empire saw conflict with great rival imperial China that resulted in the construction of the Great Wall, parts of which still stand today. Now, ancient DNA evidence, combined with the fruits of recent archaeological digs, is spilling the secrets of one of the era’s most powerful political forces. Excavation of the Xiongnu Elite Tomb 64 contains a high-status aristocratic woman at the site of a cemetery at Takhiltyn Khotgor in Mongolia's Altai Mountains. Golden icons of the sun and moon, symbols of the Xiongnu, decorate a coffin found in Elite Tomb 64 at the Takhiltyn Khotgor site. “And it was this potent legacy…that the Mongols took up when they created their own empire many more centuries later.”

☆ Putin is still worried about COVID-19 and makes his staff quarantine for weeks, says an elite Russian security officer who defected
▼ + stars: | 2023-04-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Vladimir Putin has still been isolating himself and making staff quarantine, an ex-FSO officer says. The former FSO officer said Putin only allowed staff members to work in the same room as him after a two-week quarantine period, per the Dossier Center. "There is a pool of employees who have been cleared, who underwent this two-week quarantine," Karakulov said. He added that when he left, Putin's staff were already becoming confused by the president's insistence on keeping to old pandemic restrictions. "I have no idea why; he's probably just worried about his health," Karakulov also said.

☆ The High Seas Treaty, Explained
▼ + stars: | 2023-03-30 | by ( Haphazard Authority On Ocean Resources | ) www.reuters.com time to read: +12 min

Global News Changing Tides The first international agreement to protect the world's oceans aims to create “international parks” in the high seas. The high seas represent 95% of the world’s total habitat by volume, but the nautical world remains largely unexplored. “A sentiment we often encountered was that there’s not much in terms of biodiversity out there in the high seas,” he said. MPAs that already exist mostly occupy exclusive economic zones and only make up about 3% of the high seas. A 2016 Pew study on mapping governance in the high seas showed 19 governing bodies with a high seas mandate.

☆ John Fetterman plans mid-April return to Senate after 2 months of intensive treatment
▼ + stars: | 2023-03-29 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

Sen. John Fetterman, who suffered a stroke last year, is expected to return to the Senate in about two weeks. The Pennsylvania Democrat has been seeking treatment for clinical depression since mid-February. Fetterman's return will nudge Senate Democrats back towards their delicate 51-seat majority. Having Fetterman back will restore a critical vote for Senate Democrats. Their narrow 51-seat majority hasn't been intact for months as lawmakers like Fetterman, Sen. Dianne Feinstein of California, who's been out for weeks after contracting shingles, and Senate Majority Whip Dick Durbin, who recently tested positive for COVID-19, wrestle with their respective health issues.

☆ Fact Check-Clip of tanks transported by railway was filmed in Kansas, not Poland
▼ + stars: | 2023-01-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video of tanks being carried by railway in a snowy landscape was recorded in central Kansas. Reuters could not independently confirm when the footage was recorded, but it does not depict tanks in Poland. The Jan. 26 post’s description states the clip was filmed on Jan. 24 in Kansas, “approximately one mile west of Gorham on Highway 40”. The user also shared another clip further showing a line of tanks in what appears to be the same road (here). This clip was filmed in Kansas, not Poland, and has been described in media reports as filmed on Jan. 24, 2023.

☆ Exxon predicted global warming with remarkable accuracy years ago, study shows
▼ + stars: | 2023-01-12 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

"We now have airtight, unimpeachable evidence that ExxonMobil accurately predicted global warming years before it turned around and publicly attacked climate science and scientists. Our findings show that ExxonMobil's public denial of climate science contradicted its own scientists' data," Supran told CNBC. They were surprised to discover is the extent and accuracy of Exxon's knowledge of climate science. That gave me pause, seeing quantitatively that Exxon didn't just know some climate science, they helped advance it," Supran told CNBC. "They didn't just vaguely know 'something' about global warming decades ago, they knew as much as independent academic and government scientists did.

Share this -Link copiedCommittee votes to subpoena Trump The committee voted on Thursday unanimously to subpoena Trump. Trump would not be the first president to be subpoenaed, nor would he be the first former president subpoenaed by Congress. "Even before the networks called the race for President Biden on Nov. 7th, his chances of pulling out a victory were virtually nonexistent, and President Trump knew it," Kinzinger said. “At times, President Trump acknowledged the reality of his loss. “What did President Trump know?

That's based on a Secret Service email from 9:09 a.m. "The head of the President’s Secret Service protective detail, Robert Engel, was specifically aware of the large crowds outside the magnetometers," Schiff said. A Secret Service report at 7:58 a.m. said, "Some members of the crowd are wearing ballistic helmets, body armor carrying radio equipment and military grade backpacks." On Dec. 26, a Secret Service field office relayed a tip that had been received by the FBI, Schiff said. Trump would not be the first president to be subpoenaed, nor would he be the first former president subpoenaed by Congress.

☆ The Justice Department's sex trafficking investigation into Rep. Matt Gaetz seems stalled, attorneys say
▼ + stars: | 2022-10-08 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +21 min

Those included a stalking charge for falsely smearing a political rival as a pedophile, identity theft and sex trafficking the same 17-year-old who is the alleged victim in the Gaetz case. The alleged victim, who turned 18 in December 2017, did not answer requests for comment from NBC News. Also according to that plea agreement, the alleged victim falsely claimed she was of age on her SeekingArrangement profile. The Gaetz investigation became public in March 2021, after The New York Times reported the general contours of the investigation. The potential witnesses in the federal government’s inquiry into Gaetz is not limited to Greenberg, the alleged victim and Gaetz’s ex-girlfriend.

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