Nearly every US state is now suing OxyContin maker Purdue Pharma

California, Hawaii and Maine bring the total number of states suing OxyContin maker Purdue Pharma to at least 48.
Health and Science

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JUUL e-cigarette maker sees its valuation top $38B

Despite criticisms that it’s helping promote an “epidemic” in teen vaping, e-cigarette maker Juul continues to attract new investors, The Post has learned. Last week, mutual fund giant Capital Re bought a bunch of Juul Labs shares in the secondary market at a price that values the company at more than the $ 38 billion valuation…
Business | New York Post

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Ford passes Tesla in market cap: Wall Street warms to 116-year-old car maker, doubts Musk’s future

Ford's big gains after its first-quarter earnings led the 116-year-old automaker to pass the market capitalization of Elon Musk's struggling electric-car maker, Tesla. The value of Tesla shares has fallen roughly 30% this year.
Energy

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OxyContin maker Purdue weighs bankruptcy as it battles overdose suits

The manufacturer of OxyContin says a suit blaming it for Massachusetts’ opioid crisis should be thrown out of court because most of the state’s fatal overdoses involve illegal fentanyl and heroin — not prescription drugs. Purdue Pharma also claims that Massachusetts Attorney General Maura Healey is trying to “vilify” the company and its directors with…
Business | New York Post

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Carlyle, Nomura plan joint bid for beer maker Orion – Nikkei

U.S.-based private equity firm Carlyle Group and
Japan’s biggest investment bank Nomura Holdings Inc are planning a
joint takeover bid for beer maker Orion Breweries, the Nikkei reported https://s.nikkei.com/2DiAWiH
on Friday.


Reuters: Company News

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Israel drone maker Aeronautics gets $232 million buyout offer

Israel’s state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero have offered to buy unmanned aerial vehicle maker Aeronautics for 850 million shekels ($ 232 million).


Reuters: Business News

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Movie maker Harvey Weinstein loses bid to dismiss criminal case

A New York state judge on Thursday denied Harvey Weinstein’s motion to dismiss criminal charges that he sexually assaulted two women, rejecting the movie producer’s argument that the case was tainted by police and prosecutorial misconduct.
Reuters: People News

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UPDATE 1-China’s EV maker Faraday Future plans lay-offs, 20 pct pay cuts

Faraday Future, a start-up
that is developing electric vehicles (EV), said on Tuesday it
planned pay cuts of 20 percent for all staff, in addition to an
unspecified number of lay-offs, in a bid to reduce operational
costs.


Reuters: Company News

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FDA seizes documents in surprise inspection of e-cigarette maker Juul

The Food and Drug Administration surprised e-cigarette manufacturer Juul at its San Francisco headquarters last week and seized "thousands of pages of documents" related to the company's marketing practices. 
Health and Science

U.S.HEALTHCARE UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!