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☆ Teva to pay $225 million in fines and divest generic drug to resolve price-fixing charges
▼ + stars: | 2023-08-21 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Drugmaker Teva Pharmaceuticals agreed to pay $225 million in criminal fines over five years and divest its version of a generic cholesterol drug to resolve charges related to price-fixing on that medication and other widely used treatments, the Department of Justice announced Monday. Teva, in a press release Monday, said it will pay $22.5 million each year from 2024 through 2027, and $135 million in 2028. Glenmark Pharmaceuticals will pay $30 million to resolve similar charges. Since 2020, the DOJ's antitrust division has charged five other pharmaceutical companies for participating in similar schemes affecting several generic drugs. Teva has also agreed to donate $50 million worth of two generic drugs affected by price-fixing to humanitarian organizations that provide medications to Americans in need.

Persons: Drugmaker, Teva, Jonathan Kanter, Glenmark, Apotex Organizations: Drugmaker Teva Pharmaceuticals, Department of Justice, Glenmark Pharmaceuticals, Antitrust Division, DOJ, Eastern District of Pennsylvania, Apotex Corp Locations: Eastern District

☆ Ford hires Apple veteran to lead consumer software efforts
▼ + stars: | 2023-08-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor said Monday that it has hired Apple veteran Peter Stern to lead a newly created division focused on developing and marketing software-enabled customer experiences for the automaker. Stern, who most recently served as vice president of services at Apple, will be president of "Ford Integrated Services." "This is transformational, because the cornerstone of our Ford+ plan is creating incredible customer services and experiences enabled by great hardware and software," Ford CEO Jim Farley said in a release. "There's simply no one in the world better able than Peter Stern to build this strategically vital part of our business." Stern said he will be focused on "customer experiences that feel like magic."

Persons: Peter Stern, Stern, Ford, Jim Farley, There's, Farley Organizations: DETROIT, Ford, Apple, Ford Integrated Services Locations: Washington , DC

☆ GOP attempt to stymie abortion in Ohio backfires spectacularly
▼ + stars: | 2023-08-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Ohio is much redder now, but Tuesday's results in an early face-off over abortion rights illustrate a much more troubling bellwether for the GOP. Ohioans did not explicitly vote on abortion rights on Tuesday. Specifically, conservatives wanted to deal a potentially lethal blow to an abortion rights amendment before voters even consider it this November. The Ohio results illustrate that more than a year later, Americans remain animated over the Supreme Court gutting abortion rights. Abortion rights activists have been left to fight a bevy of court battles with limited successes in often heavily conservative courts.

Persons: Ohioans, they've, Roe, ender, Ron DeSantis Organizations: Voters, GOP, Service, White House, Columbus Dispatch, Democratic Locations: Wall, Silicon, Ohio, White House . Ohio, Kansas , Kentucky, Montana, Michigan . Ohio, Florida, Arizona

The Best Pet Insurance for Senior DogsMany pet insurance companies have high premiums for older pets and exclude animals that have pre-existing conditions. Pet Insurance for Seniors Company ReviewsSpot Pet InsuranceThe first thing to love about Spot Pet Insurance: There's no upper age limit. Why You Should Trust Us: Our Expert Panel for the Best Pet Insurance for Senior DogsTo put together this list of the best pet insurance for seniors, we interviewed the following experts:Vanessa Selger, an emergency veterinarian in Virginia Beach. Methodology: How We Chose the Best Pet Insurance for Senior DogsTo choose the best pet insurance for seniors, we compared more than 14 pet insurance companies and followed our insurance rating methodology. The Experts' Advice on Choosing The Best Pet Insurance for SeniorsWhen you're choosing pet insurance for senior animals, there are three main factors: the cost, your pet's age, and their health.

Persons: they're, Trupanion, Vanessa Selger, you'll, it's, Pumpkin, It's, Figo, ASPCA, Kari Steere, Selger, Steere Organizations: Insurance, Senior Dogs, Reading Chevron, Pet Insurance, Pet, American Kennel, AKC Insurance, Seniors Locations: Virginia Beach

☆ I'm an entrepreneur who lost myself to mental burnout until 3 simple habits helped me recover
▼ + stars: | 2023-05-10 | by ( Ron Lieback | ) www.businessinsider.com time to read: +8 min

There's no denying this sentiment, but I've discovered three proven practices that continuously help bypass much of that mental exhaustion. Identifying and checking for mental burnoutAccording to the nonprofit HelpGuide.org, mental burnout is a state of physical, emotional and mental exhaustion caused by prolonged stress. Mental burnout can be difficult to identify, but recognizing the signs early on is key in developing strategies for battling it. This leads to mental burnout. Mental burnout can be a difficult obstacle to overcome, but with the optimal tactics, such as the simple ones above, you can learn how to battle it.

☆ GM hires ex-Apple exec to lead new software unit
▼ + stars: | 2023-05-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

A sign with the General Motors quality mission statement stands in the lobby at the GM Warren Tech Center in Warren, Michigan. DETROIT – General Motors has hired former Apple executive Mike Abbott to lead a newly created software unit for the Detroit automaker. Abbott, former vice president of engineering for Apple's Cloud Services division, will join GM as executive vice president of software, effective May 22. Software, specifically monetizing it, is a major focus for automakers such as GM, as they eye reoccurring revenue opportunities such as subscriptions to boost profits. GM has a target to grow profit margins and double its revenue to about $280 billion by the end of this decade.

☆ U.S. airline loyalty programs can provide buffer from possible recession
▼ + stars: | 2023-04-04 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

[1/3] A United Airlines Boeing 737-900ER plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike BlakeCHICAGO, April 4 (Reuters) - U.S. airlines relied on loyalty programs for revenue during the pandemic, and industry executives and experts said income from them should hold up if the economy slips into a recession. Non-flying activities now account for more than half of all miles earned in major loyalty programs, noted Evert de Boer, managing partner at consulting firm On Point Loyalty, making airlines more resilient to economic swings. People curtailed flying during the pandemic, but still spent on airline loyalty credit cards, said JetBlue (JBLU.O) vice president Chris Buckner. Airline loyalty programs are also highly profitable.

☆ A real estate investor who owns over 1,000 units and retired at age 36 shares the 5 pillars that drive wealth in real estate — and explains how investors can combine them to compound their income and
▼ + stars: | 2023-03-10 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +10 min

Allred successfully combined the 5 drivers of real estate wealth to scale his portfolio. These 5 pillars include using tax depreciation benefits to maximize the time value of money. Today, Allred has grown his real estate portfolio to ownership in over 1,250 units across 30 different properties in 15 states, including the real estate syndications for which he is a general partner, according to documentation verified by Insider. Pillar 5: LeverageAs someone who was raised to fear debt, Allred has since come a long way in understanding the difference between bad debt and good debt. Generally speaking, for every $1 that I invest in real estate, $3 is provided by somebody else or by a lender.

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