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The economic claims amount is uncapped, which will permit other device users to apply for compensation. This tentative settlement, which is subject to federal court approval, does not address other significant claims in the plaintiffs’ cases involving personal injury or the cost of medical care related to use of the breathing machines. The company has faced a multiyear setback, after beginning recalls in the United States of about five million of its breathing machines, which are intended for people with sleep apnea and other maladies. The lawsuits have claimed that flaking foam and gasses emitted from the machines were linked to health issues including respiratory illnesses, lung cancer and death. The foam was used in the machines to reduce noise and vibration.
Persons: Philips Respironics, Philips Locations: United States
The Weitz Core Plus Income Fund (WCPNX) , which Carney co-manages with Nolan Anderson, received five stars and a bronze rating from Morningstar. Aggregate Bond Index]," Carney said. Enter, asset-backed securities. Asset-backed securities (ABS) follow in second place, making up 27.6% of the portfolio. As a result, participating in the asset-backed securities space requires a granular level of due diligence.
Persons: Tom Carney, Weitz, Carney, Nolan Anderson, Morningstar, WCPNX, There's, that's, Fannie Mae, Freddie Mac Organizations: Morningstar, Bloomberg Barclays U.S, Universal Bond, SEC, Bloomberg U.S, Aggregate Bond, Federal Reserve Bank of New, BBB, U.S, Fed Locations: Federal Reserve Bank of New York
Walgreens has been shifting away from pharmacy and retail to focus more on health care services, with mixed results. “While the wisdom of this move is debatable, health care is not Ms. Brewer’s forte.”Before joining Walgreens, Ms. Brewer was the chief operating officer of Starbucks and previously served as chief executive of Sam’s Club, a division of Walmart. As Walgreens leans more into the health care business, it faces several hurdles, industry experts said. It is rare for a woman to replace another female chief executive.
Persons: ” Neil Saunders, GlobalData, Brewer, Brewer’s, , James Kehoe, , Walgreens, Stefano Pessina, Graham, Ms, Eli Lilly Organizations: Walgreens, Starbucks, Sam’s, Walmart, Deutsche, Deutsche Bank analysts, Amylin Pharmaceuticals, Guidant Corporation
FEMA Administrator Deanne Criswell said this week that the U.S. disaster relief fund has a balance of $3.4 billion, which will be exhausted in the first half of September if Congress does not approve additional money. President Joe Biden called on Congress Thursday to pass $12 billion in additional funding for the disaster fund next month, at the latest, when hurricane season reaches its peak. We need this disaster relief request met and we need to do it in September — we can't wait," he added. With funds running low, FEMA is prioritizing the immediate needs of people impacted by the Maui wildfires, Hurricane Idalia that swept through Florida this week and other extreme weather events that may come, Criswell told reporters at the White House on Tuesday. Republican Sen. Marco Rubio of Florida said on Wednesday that Washington has known since June that FEMA's disaster fund was "woefully low."
Persons: Deanne Criswell, Joe Biden, Biden, Criswell, Republican Sen, Marco Rubio, " Rubio, Rubio Organizations: Federal Emergency Management Agency, FEMA, White, Republican, Washington, Fox News Locations: U.S, Florida, Washington ,, Maui
After Hurricane Michael struck Florida in 2018, home sales rose significantly, allowing disaster investors to reap the rewards. This venture has the potential to be even more rewarding given the increasing frequency of natural disasters in the US. But federal disaster relief is painfully slow to respond and often doesn't cover most of the costs. And while moratoriums on damaged land sales aren't a long-term, legally tenable solution, there are ways state officials might be able to deter disaster investors. As the threat of natural disasters increases, so will disaster profiteers.
Persons: Josh Green, Ian, Hurricane Michael, Hurricane, Joe Raedle, Hurricane Maria, Congress —, Hurricane Sandy, it's, Anthony DiMauro Organizations: Nashville Metro Council, FEMA, Hurricane, Centers for Environmental, Federal Reserve's Survey, Consumer Finances, Emergency Managment Agency, Small Business Administration, Urban Institute, Office, Congress, of Housing, Urban, Bloomberg, Newsweek, L.A Locations: Hawaii, Maui, Hawaii's, Tennessee, Nashville, Florida, Wilsey, New Orleans, California, Puerto Rico, Lahaina, New York
That $5,250 is the federal cap on the amount of tax-free money that employers may offer to help defray employees’ qualified costs for their own education, including tuition and fees. In response to the Society of Human Resource Management’s 2023 employer benefits survey, only 8% of organizations said they offer student loan benefits to employees, a percentage that hasn’t changed for five years. But lawmakers who advocated for tax-advantaged employer benefits to help with student loan payments are concerned there hasn’t been enough public awareness of it. That may be of particular interest now that the yearslong pause in payments on federal student loans is expiring. But for anyone who also has to pay off private student loans, the amount they shell out every month is likely much higher.
Persons: it’s, , hasn’t, Danny Werfel, , Katie Lobosco Organizations: New, New York CNN, Society of Human, IRS, Federal Locations: New York
There's bipartisan support for the changeThe lower Form 1099-K thresholds were originally slated for 2022. watch nowThe Republican-led House Ways and Means Committee in June approved legislation to revert the reporting thresholds back to 2022 levels. Form 1099-K has 'always been problematic'Meanwhile, there are lingering worries among tax professionals about the 1099-K change. For businesses selling goods, she said Form 1099-K may not accurately reflect returns or adjustments. How to prepare for the 1099-K reporting change
Persons: Sherrod Brown, Bill Cassidy, Rosenthal, AICPA, Phyllis Jo Kubey, Kubey Organizations: PayPal, IRS, Republican, Sens, American Institute of CPAs, New York State Society of Locations: Ohio, New York
But the Trump campaign and their affiliated committees ultimately did not honor that pledge, according to campaign finance records. Over more than two months, Giuliani served as the public face of Trump's election challenges, which ultimately failed. The money came in response to countless fundraising appeals that claimed it was needed to fund Trump's election challenges in court. Chesebro, for his part, told the House committee that the work he did for the Trump team was pro bono. But not a penny more from team Trump for their services.
Persons: Rudy Giuliani, Donald Trump, Carlo Allegri, Donald Trump's, Trump, Giuliani, Timothy Parlatore, Bernard Kerik, Jack Smith's, Parlatore, Bob Costello, Kerik, stiffed Giuliani, Sidney Powell, Jonathan Ernst, Kenneth Chesebro, John Eastman, Eastman, Powell, Chesebro, Matthew Morgan, Jim Bourg, Reuters Morgan, Eastman didn't, Jan, Morgan, Justin Clark, Clark, we're Organizations: New York, Republican, of Police, Reuters, Trump, New, CNBC, ", Capitol, Save, OpenSecrets, PAC, U.S, Republican National Committee, Commission, Giuliani, Georgia RICO, New York City, Congress, Federal, FEC, Eastman Locations: Statesville , North Carolina, U.S, New York, Georgia, Save America, Washington, Washington , U.S
Until now, some health insurers have been reluctant to cover the drug, given its high costs and a lack of data around its underlying health benefits. But the results of the latest trial data could change that. "Do I think most payers will adopt [obesity drugs] overnight because of the SELECT trial? According to the World Health Organization, global obesity rates have almost tripled over the past decade. Novo Nordisk shares soared by 17% following the release of the trial results on Tuesday.
Persons: Jim Vondruska, Peter Verdult, CNBC's, Wegovy, Verdult, Martin Holst Lange, Eli Lilly, Mounjaro, Michael Mason, Eli Lily, Lilly Diabetes, It's, Lilly, Novo, Lily Organizations: Reuters LONDON, Novo Nordisk, Citi, Novo, World Health Organization, Barclays, Citi Verdult, European Markets Authority Locations: Chicago , Illinois, Danish, U.S, Europe, London
Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Erie, Pennsylvania, U.S., July 29, 2023. Less than two hours after news of the charges broke, Trump's campaign blasted out an email to supporters seeking donations, titled: BREAKING: PRESIDENT TRUMP INDICTED. In the week following the indictment, the campaign sent out 34 fundraising emails directly referencing the criminal charges, according to a Reuters review of campaign communications. Following the indictment, Trump's support rose to 49% in an April 21-24 survey while DeSantis slipped to 23%. He raised much less money in the days after his second indictment, according to campaign finance disclosures.
Persons: Donald Trump, Lindsay DeDario, Ron DeSantis, Trump, speechwriters Ross Worthington, Vince Haley, Haley didn't, grapples, Attorney Alvin Bragg, TRUMP, Chris Jackson, DeSantis, Bragg, DANIELS, reimbursements, Michael Cohen, Stormy Daniels, reimbursing Cohen, Daniels, Trump's, Adam Geller, Republican pollster, Geller, Nathan Layne, Karen Freifeld, Tim Reid, Jason Lange, Ross Colvin, Pravin Organizations: U.S, Republican, REUTERS, White, Conservative Political, Trump, Reuters, Worthington, Manhattan, Attorney, Republicans, Prosecutors, Manhattan District, Thomson Locations: Erie , Pennsylvania, U.S, Maryland, York, Georgia, East Palestine , Ohio, Florida, Manhattan, Miami, Bedminster , New Jersey
The Merck logo is seen at a gate to the Merck & Co campus in Rahway, New Jersey, U.S., July 12, 2018. Merck said Keytruda sales for the quarter jumped 19% to $6.3 billion, surpassing analysts' average estimate of $5.9 billion. Sales of Gardasil, which prevents cancers caused by HPV, surged 47% to $2.5 billion, also well above Wall Street estimates of $2.1 billion. There is room for further Gardasil growth as its use expands into treating males and moves into smaller cities, he added. Despite those challenges, Merck raised its full-year sales forecast to $58.6 to $59.6 billion, from its prior view of $57.7 billion to $58.9 billion.
Persons: Brendan McDermid, Merck, Rob Davis, Davis, Keytruda, Caroline Litchfield, Litchfield, Bill Smead, Prometheus, drugmaker, Michael Erman, Leroy Leo, Bill Berkrot Organizations: Merck, Co, REUTERS, Reuters Connect Companies Merck, Merck & Co, Keytruda, Prometheus Biosciences, Analysts, Prometheus, Smead Capital Management, drugmaker, Thomson Locations: Rahway , New Jersey, U.S, United States, China, Europe, Germany, New York, Bengaluru
[1/2] Rob Olan (C), employee of the healthcare investment fund Deerfield Management, departs Federal Court in Manhattan in New York, U.S., May 24, 2017. FollowNEW YORK, Aug 1 (Reuters) - A long-running federal insider trading case based on leaks about planned changes to Medicare reimbursement rates will likely end with no convictions, after the remaining defendants agreed to enter deferred prosecution agreements. In the healthcare case, the Manhattan appeals court said the leaked CMS information did not support fraud and theft charges against Huber, Olan and Blaszczak, though prosecutors could retry them on one or two counts each. In their deferred prosecution agreements, Huber and Olan acknowledged trading on and Blaszczak acknowledged passing advance information about a proposed CMS rule change. The case is U.S. v. Blaszczak et al, U.S. District Court, Southern District of New York, No.
Persons: Rob Olan, Lucas Jackson, Theodore Huber, Robert Olan, David Blaszczak, Prosecutors, Huber, Olan, George Washington, Chris Christie's, Christopher Worrall, Blaszczak, District Judge Lewis Kaplan, Blaszczak's, David Patton, Barry Berke, Dani James, Damian Williams, Jonathan Stempel, Conor Humphries, David Gregorio Our Organizations: Deerfield Management, REUTERS, Aetna Inc, Centers, Medicare, Services, Democratic, New, New Jersey Republican, District, Court, Southern District of, Thomson Locations: Manhattan, New York, U.S, Deerfield, New Jersey, Southern District, Southern District of New York
Sequence offers access to weight-loss drugs like Ozempic and Wegovy. Analysts say the move could save the company, but some WeightWatchers members aren't happy. Although the medication has gained popularity online and among celebrities, veteran WeightWatchers members aren't all happy with the company's pivot. Some WeightWatchers members expressed concern that the company was abandoning its message of self-restraint for the easy solution of weight-loss medication. Sequence, meanwhile, prescribes weight-loss medications like Ozempic and Wegovy and helps patients afford the drugs through insurance and reimbursements.
Persons: WeightWatchers, aren't, They're, Goldman Sachs, Sima Sistani, Jenny Craig Organizations: WW, Inc, Bloomberg, Employers
Mr. Cohen has said that the Trump Organization initially paid these bills but halted payments after he agreed to cooperate in the investigations. Mr. Cohen was once a close ally of Mr. Trump — a trusted lieutenant whose job it became to clean up his boss’s messes. Soon afterward, Mr. Cohen paid Ms. Daniels $130,000 to keep silent. The legal pressure placed a strain on his relationship with Mr. Trump, and the men had a falling out. In April, Mr. Trump filed his own lawsuit against Mr. Cohen, accusing the former fixer of betraying his confidences and “spreading falsehoods about him.” That lawsuit, filed in federal court in Florida, was not part of the settlement talks.
Persons: Cohen, Robert S, Mueller, Trump, Stormy Daniels, Daniels, Cohen’s, Trump’s, Alvin L, Bragg Organizations: Trump Organization, Trump, Mr Locations: Manhattan, Florida
Companies Trump Organization Inc FollowWASHINGTON, July 21 (Reuters) - Donald Trump's onetime lawyer and fixer Michael Cohen is expected to settle his lawsuit against the Trump Organization over missed reimbursements of legal fees and costs, a person familiar with the matter told Reuters on Friday. Cohen originally sued in March 2019 to recoup $1.9 million in fees, plus $1.9 million he was ordered to forfeit in a criminal case. The fees kept growing, and the Trump Organization has paid some of them, court papers show. The New York Times reported the proposed settlement earlier on Friday. Cohen, a longtime employee of the firm and of Trump, became a critic of the former president and testified that Trump had directed him to break the law.
Persons: Donald Trump's, Michael Cohen, Cohen, Trump, Karen Freifield, Katharine Jackson, Ismail Shakil, Kanishka Singh, Doina Organizations: Companies Trump Organization Inc, WASHINGTON, Trump Organization, Reuters, New York Times, Times, Trump, Thomson Locations: Trump, Russia
July 19 (Reuters) - A U.S. judge on Wednesday denied Donald Trump's bid to move from New York state court to federal court the criminal case against the former U.S. president stemming from a hush money payment to a porn star. Trump, the front-runner for the Republican presidential nomination in 2024, had argued the case belonged in federal court, claiming that the indictment related to his 2016 presidency and involved federal election law. U.S. District Judge Alvin Hellerstein in Manhattan bought none of his arguments. "The evidence overwhelmingly suggests that the matter was purely a personal item of the President -- a cover-up of an embarrassing event," Hellerstein wrote in a 25-page decision. In the hush-money case, Justice Juan Merchan of New York State Supreme Court in Manhattan has set a trial for March 2024.
Persons: Donald Trump's, Trump, reimbursements, Michael Cohen, Stormy Daniels, Alvin Hellerstein, Hellerstein, E, Jean Carroll, Juan Merchan, District Judge Hellerstein, Daniels, Stephanie Clifford, Karen Freifeld, Chris Reese, Leslie Adler, Jonathan Oatis Organizations: Republican, U.S, Trump, New York, Court, District, Thomson Locations: U.S, New York, Manhattan, New, York
Rep. Ronny Jackson (R-TX) speaks during a press conference on the National Defense Authorization Act (NDAA) with members of the House Freedom Caucus on July 14, 2023 in Washington, DC. The House narrowly passed an annual defense policy bill on Friday after Republicans added provisions on abortion and transgender surgeries — measures that were a nonstarter for Democrats. The amendments, adopted Thursday, would ban the secretary of defense from paying for or reimbursing service members for abortion-related expenses and transgender surgeries and hormone treatments. House Democratic leaders said Thursday that members of their caucus will vote against passing the bill. The defense legislation will eventually need to be reconciled with a version of the bill under consideration in the Senate.
Persons: Ronny Jackson, Ken Buck, Ken Buck of Colorado, Andy Biggs, Eli Crane of, Thomas Massie of, Henry Cuellar, John Duarte of, Brian Fitzpatrick, Matt Rosendale, Joe Biden's, Hakeem Jeffries, Sen, Tommy Tuberville, Scott Perry, We're, Perry, Pete Aguilar, I've, Pat Ryan Organizations: National Defense, Caucus, Democrats, Four, Rep, Texas Democrat, Republicans, Department of Defense, Defense Department, Democratic, House Democratic, Senate, GOP, House Armed Services Committee Locations: Washington ,, Ken Buck of, Eli Crane of Arizona, Thomas Massie of Kentucky, Texas, John Duarte of California, Pennsylvania, D
"Our quarterly earnings quality (EQ) score is an objective way to identify potential accounting related short ideas and as a risk tool to avoid potential blow-ups in the portfolio," Senyek said. CNBC pulled six stocks from the Wolfe list across a range of sectors. Rivian made the list with an earnings quality score of just 3. Shockwave Medical , meanwhile, fits on the Wolfe list due to issues pertaining to cash flow constraints and research and development amortization. In consumer staples, Dick's Sporting Goods is on the Wolfe list with a rating of 9 out of 100.
Persons: Wolfe, Chris Senyek, Senyek, Rivian, Morgan Stanley, Dick's, — CNBC's Michael Bloom Organizations: CNBC, FactSet, Shockwave, ShockWave, Centers, Medicare, Medicaid Services, Sporting Goods, Lucid
Best Pet Insurance for Senior Dogs
  + stars: | 2023-07-12 | by ( Kelly Burch | Evelyn He | Sarah Silbert | ) www.businessinsider.com   time to read: +28 min
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
Waiting to replacing him is Gen. Eric Smith, and he will continue waiting until one senator lifts holds on the promotions of more than 250 generals and admirals. Tuberville's hold targets uniformed military officers over a policy set by the US military's civilian leadership, diverging from the longstanding manner in which members of Congress have expressed displeasure with such policies. Kelsey Dornfeld"Uniformed military officers do not set policy. 'We will lose talent'Maj. Gen. Eric Smith receives his three-star rank insignia during a ceremony in Okinawa in August 2018. "It is the personal development, it is the family understanding and predictability" that will be affected, Adm. John Aquilino, head of US Indo-Pacific Command, told senators in April.
Persons: Sen, Tommy Tuberville, Tuberville, David Berger, Eric Smith, Biden, , Katherine Kuzminski, Sergeant, Marine Corps Troy Black, Kelsey Dornfeld, They're, Kuzminski, Berger, It's, Defense Lloyd Austin III, Austin, that's, Smith, Olivia G, Ortiz, Benjamin Northcutt, Christopher Cavoli, Michael Gilday, Lisa Franchetti, MCS2 La’Cordrick Wilson, John Aquilino, James McConville, McConville, Frank Kendall, Charles Brown Jr, Kendall, Brown, Drew Angerer, Mitch McConnell, Jack Reed's, Defense Lloyd Austin, Mark Milley, Alex Wong, Reed, Elizabeth Warren Organizations: Service, US Marine Corps, Pentagon, Department, US, Military, Veterans, Center, New, New American Security, Marine Corps, Staff, Uniformed, Defense, United States, Washington DC, Senate Armed Services Committee, US Army Europe, US Army, US European Command, NATO's Military, Naval Reactors, US Navy, Pacific Command, " Air Force, Savannah, Joint Chiefs of Staff, Capitol, Republican, CNN, Joint Chiefs Locations: Wall, Silicon, New American, Okinawa, Germany, Cavoli, Pacific, California, South Korea, Alabama
Sales of the Alzheimer's drug Leqembi may be slow initially due to logistical requirements but could pick up in 2024, analysts said after the groundbreaking treatment won approval in the U.S.Wall Street is chewing over the Food and Drug Administration's Thursday approval of Leqembi – a milestone in the treatment of the disease, even though the drug isn't a cure. Leqembi, from drugmakers Eisai and Biogen , is the first medicine proven to slow the progression of Alzheimer's in people at the early stages of the memory-robbing disease. Yee added that the firm's channel checks suggest doctors see the registry requirement "as a potential real-world challenge – at least in the initial phase." That includes navigating Medicare's registry requirement and coordinating PET scans and MRIs to screen for dangerous side effects of the drug. But Goodman, like other analysts, also noted that "we continue to expect a slow ramp in 2023 and acceleration moving into 2024."
Persons: Jay Reinstein, drugmakers, Yatin Suneja, Jefferies, Michael Yee, Yee, Paul Matteis, Marc Goodman, Goodman Organizations: Georgetown University Hospital, Wall, Food, Leqembi, FDA, National Institute, Aging, ARIA, SVB Securities Locations: Washington , DC, U.S
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Persons: , you've, Wells, Banks, Foster, Ally, you’ll, Charles Schwab, Chase, Wells Fargo Organizations: Service, Bank of America, Credit Union, Chevron, Alliant Credit Union, Express, American Express, FDIC, Reading Chevron, Axos, Axos Bank, Blue Federal, Blue Foundation, NOVA, Capital, Schwab, Savings, Chase Bank, Overdraft, Chase, locator.chase.com, Green, Banking, The Bancorp Bank, Stride Bank, N.A, CIT Bank, Bank, FDIC CIT Bank, CIT, Connect, Citi, Member FDIC Citi, BBB, Consumers Credit, Credit, Consumers Credit Union, Delta Community Credit, Community Credit, Utah Free, Discover, Discover Bank, FDIC Discover, Falcon International, International, Falcon International Bank, International Bank of Commerce, American, Laredo Federal Credit Union, Latino Community Development Center, North Carolina, Community Credit Union, Latino Community Credit, Navy Federal Free, Federal Free, NCUA Navy Federal Free, Navy Federal Credit Union, Department of Defense, Premier, LifeGreen, Regions Bank, City Federal Credit, River City Federal Credit, Federal Credit, City Federal Credit Union, Employees Credit, NCUA, State Employees Credit Union, Member, Service Credit Union, American Consumer, Security, Security Service, UT, Stripes, Security Service Credit Union, The Security, Synchrony Bank, . Bank, U.S, Bank's Locations: Chevron, Colorado and Wyoming, NY, LA, TX, VA, NJ, Washington, Alaska, Hawaii, Puerto Rico, CA, CT, FL, Chicago , Illinois, eDocuments, Metro Atlanta , Georgia, Kentucky , Texas, Georgia, Texas, AZ, Arizona , California, Colorado, Oklahoma, Laredo, North Carolina, Charlotte, Piedmont Triad, North, American, City, River City, River, San Antonio , Texas, Bexar County, Europe, New Hampshire, Massachusetts, Colorado , Texas, Utah
See Insider's best bank account bonuses>>How to get a U.S. Bank Business Checking account bonusHere are the steps you need to take to qualify for a Business Checking account bonus at U.S. Bank. You can open the U.S. Bank Silver Business Checking Package, U.S. Bank Gold Business Checking Package, or U.S. Bank Platinum Business Checking Package. Enroll in U.S. Bank business online banking or the U.S. Bank Mobile AppWithin 60 days of opening your Business Checking account, you also must enroll in U.S. Bank business online banking or the U.S. Bank Mobile App. Other business checking accounts to considerIf you're not eligible for the promotional offer or want to consider other business checking accounts, check out our best free business checking accounts guide. What to know about U.S. Bank Business Checking accountsU.S. Bank has three types of small Business Checking accounts: U.S. Bank Silver Business Checking Package, U.S. Bank Gold Business Checking Package, and U.S. Bank Platinum Business Checking Package.
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Reproductive health startup Fertifa has raised $6.3 million in seed funding. A reproductive healthcare startup run by prominent VC investor Eileen Burbidge has raised $6.3 million in seed funding. London-based Fertifa, founded in 2019, provides companies with reproductive health and well-being support for employees facing fertility or sexual health challenges. Burbidge, who was an early backer of fintech bank Monzo as a partner at Passion Capital, took over as CEO at the startup late last year. Other backers include Tiny.vc, EQT Foundation, previous investors Passion Capital and Speedinvest, along with prominent angels like Onfido cofounder Eamon Jubbawy and former Monzo CEO Tom Blomfield.
Persons: Eileen Burbidge, Burbidge, Fertifa, Eamon Jubbawy, Tom Blomfield Organizations: Passion Capital, Meta, Bain Capital, DE, Notion Capital, Triple Point Ventures, EQT Foundation Locations: London, Europe
Roszarubezhneft's five joint ventures now must rely on PDVSA-designated intermediaries that take a large share of the revenues for their services, the people said. The joint ventures are owed about $3.2 billion from sales handled by PDVSA, one of the people said. Roszarubezhneft, Russia's oil ministry, PDVSA and Venezuela's oil and foreign affairs ministries did not reply to requests for comment. It also could help PDVSA make progress toward its goal of raising Venezuela's oil output by 40% this year. Oil production at the five joint ventures has dwindled as U.S. sanctions have hampered investment and maintenance work, and deterred many buyers of Venezuelan crude.
Persons: PDVSA's Jose Antonio, Carlos Garcia Rawlins, PDVSA, Rosneft, Nicolas Maduro's, Roszarubezhneft, Alexandra Ulmer, Marianna Parraga, Vivian Sequera, Daniel Flynn Organizations: REUTERS, Chevron, PDVSA, Reuters, Washington, U.S . Treasury, National Security, State Department, Nicolas Maduro's United Socialist Party, Assembly, Thomson Locations: PDVSA's, Anzoategui, Caracas, Moscow, Venezuela, U.S, Russia, Ukraine, Roszarubezhneft, Venezuela's, Rosneft
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