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CVS Subsidiary Oak Street Health Agrees to $60M Settlement in Medicare Kickback Violations somewhat bearish
CVS WBA
Summary: Oak Street Health, a subsidiary of CVS Health Inc agreed to settle for $60 million following allegations of False Claims Act violation by paying kickbacks to third-party insurance agents for patient referrals. The settlement also resolves claims brought under the whistleblower provisions of the False Claims Act by Joseph Stinson.
Full articleCVS Subsidiary Oak Street Health Agrees to $60M Settlement in Medicare Kickback Violations somewhat bearish
NYSE:CVS
Summary: Oak Street Health, a subsidiary of CVS Health Inc, agreed to settle for $60 million in Medicare kickback violations under False Claims Act. The claims involved paying kickbacks to third-party insurance agents to recruit seniors, leading to false Medicare submissions.
Full articleUK: PMI subsidiary sells Vectura Group to Molex Asia Holdings - Investors in Healthcare neutral
PM
Summary: Vectura Fertin Pharma, an affiliate of Philip Morris International, has sold UK-based Vectura Group to Molex Asia Holdings, with upfront cash consideration of £150m and potential deferred payments of up to £148m. The remaining units of Vectura Fertin Pharma will focus on developing and commercializing oral consumer health and wellness offerings and inhaled prescription products.
Full articleVectura Fertin Pharma, Inc., a Subsidiary of Philip Morris International, Announces ... - Kalkine Media somewhat bullish
PM
Summary: Vectura Fertin Pharma, Inc., an affiliate of Philip Morris International Inc. (PMI) (NYSE: PM), announces the sale of its subsidiary Vectura Group Ltd. (Vectura) to Molex Asia.
Full articleLilly and subsidiary Point Biopharma accused of patent infringement of cancer drugs neutral
LLY
Summary: Eli Lilly and Co. are accused of infringing on a patent held by Purdue Research Foundation to treat cancer with a drug developed by Point Biopharma, resulting in a lawsuit filed in U.S. District Court. Other companies like Endocyte Inc. and Novartis are also involved in the lawsuit.
Full articleAnalysts Offer Insights on Financial Companies: Charles Schwab (SCHW), United ... - Markets Insider neutral
SCHW UBSI FIBK
Summary: Analysts gave neutral ratings to Charles Schwab, United Bankshares, and First Interstate Bancsystem, indicating a lack of bullish or bearish sentiment.
Full articleIntel's 1nm-class fabs in Germany delayed by too much black soil and EU subsidy approval somewhat bearish
INTC
Summary: The construction of Intel's Fab 29 module 1 and module 2 near Magdeburg, Germany, has been delayed due to pending EU subsidy approval and the necessity to remove black soil, with a new start time expected in May 2025. The delay may impact the fab's readiness to produce Intel's client PC products by 2028 or later, pushing potential production start date to 2029-2030.
Full articleIBM Subsidiary Faces Discrimination Lawsuit Over DEI - MRCTV somewhat bearish
IBM
Summary: IBM's Red Hat subsidiary is facing a lawsuit alleging anti-white and anti-male discrimination following revelations of discriminatory practices as part of their Diversity, Equity, and Inclusion (DEI) initiatives.
Full articleAFL Files Lawsuit Against IBM Subsidiary Red Hat for Alleged Discrimination somewhat bearish
IBM
Summary: America First Legal, led by Stephen Miller, files a lawsuit against IBM subsidiary Red Hat for alleged anti-white, anti-male discrimination in violation of Civil Rights laws.
Full articleExxon, Chevron CEOs seek clear rules on US clean energy subsidies | Mint neutral
XOM CVX
Summary: Top executives at Exxon Mobil and Chevron Corp advocate for clarifying rules on energy subsidies to drive large-scale investments needed to fight climate change and express concerns about uncertainties and restrictive rules hampering investments in green technologies. They also advocate for global, market-based systems to encourage deployment of climate friendly energy technologies.
Full articleCharter Communications may face headwinds as broadband subsidy funding dries up - XM somewhat bearish
CHTR.O
Summary: Charter Communications faces headwinds due to drying up of broadband subsidy funding, resulting in larger-than-expected broadband subscriber losses in Q1. Various brokerages provide differing projections ranging from $300 to $490 for Charter Communications' stock price.
Full articleCharter Drops on Customer Loss as Subsidy for Five Million Wanes - Bloomberg.com somewhat bearish
CHTR
Summary: Charter Communications Inc. missed profit estimates, reported steeper customer losses than predicted, and warned of more user drop-offs due to the expected expiration of a federal broadband subsidy.
Full article