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Walgreens Contributed to San Francisco Opioid Crisis
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Walgreens Contributed to San Francisco Opioid Crisis

By JULIET WILLIAMS, Associated PressSAN FRANCISCO (AP) — A federal judge ruled Wednesday that Walgreens can be held responsible for contributing to San Francisco's opioid crisis for over-dispensing highly addictive drugs for years without proper oversight and failing to identify and report suspicious orders as required by law.San Francisco City Attorney David Chiu said the pharmacy chain “continually violated what they were required to do under the federal Controlled Substances Act,” failing to track opioid prescriptions, preventing pharmacists from vetting prescriptions and “nor did they see the many red flags of physicians and others who were dramatically over-prescribing.”“Pharmacists were pressured to fill, fill, fill," he said, “and as a result, Walgreens filled our streets with op...
Elon Musk’s Tech Allies Miffed About Twitter Subpoenas
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Elon Musk’s Tech Allies Miffed About Twitter Subpoenas

SAN FRANCISCO (AP) — Elon Musk’s wealthy high tech allies don’t seem too happy about receiving subpoenas from Twitter as part of the company’s legal battle with the Tesla CEO.San Francisco-based Twitter is suing Musk in Delaware in an attempt to get him to complete his $44 billion acquisition of the social media company, a deal Musk is trying to get out of. According to a report from The Washington Post, Twitter’s legal team on Monday asked for information about a host of tech investors and entrepreneurs connected to Musk in a wide-ranging subpoena. Twitter declined to comment.According to the Post, the subpoena includes “extensive requests for communications, including 'checklists, timelines, presentations, decks, organizational calls, meetings, notes, recordings' related to the deal’s...
Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News
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Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News

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Asian Shares Mixed on US Rally, China Economic Growth Woes
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Asian Shares Mixed on US Rally, China Economic Growth Woes

By YURI KAGEYAMA, AP Business WriterTOKYO (AP) — Asian shares were mixed Friday, as Chinese shares sank after leaders acknowledged the official 5.5% growth target for this year won't be met.Investors appear to have grown more convinced that the Federal Reserve may temper its aggressive interest rate hikes aimed at taming inflation after the Commerce Department reported the U.S. economy contracted at a 0.9% annual pace in the last quarter. That followed a 1.6% year-on-year drop in the first quarter.Investors were also cautiously eyeing regional tensions over China’s stance on Taiwan after President Joe Biden and China’s Xi Jinping spoke for more than two hours on Thursday. China left no doubt it blames the U.S. for a deteriorating relationship, but the White House said call's aim was to ...
JetBlue Buys Spirit for $3.8 Billion
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JetBlue Buys Spirit for $3.8 Billion

JetBlue is buying Spirit Airlines for $3.8 billion, creating the nation's fifth largest airline.The agreement Thursday comes a day after Spirit's attempt to merge with Frontier Airlines fell apart.JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable once Spirit stockholders approve the transaction. There's also a ticking fee of 10 cents per month starting in January 2023 through closing.The combined airline will have a fleet of 458 aircraft. The airlines will continue to operate independently until after the transaction closes.Political CartoonsCopyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Source link
Egypt Fitness Equipment Market is expected to expand at a
Fitness

Egypt Fitness Equipment Market is expected to expand at a

Gurugram, India, July 28, 2022 (GLOBE NEWSWIRE) -- Launch and expansion of approximately 50 hotel projects such as Marriott, Accor and Hilton as envisaged by 2030, is expected to act as a catalyst for the increased demand of fitness equipment required at their respective fitness facilitiesConsumers shifting preference towards availing digital fitness services followed by the advent of COVID-19 will positively contribute in accelerating the demand of home-based fitness equipment such as yoga mats, resistance bands and dumbbells along with exercise bike, elliptical and treadmills in coming years Growing Working Age Population and lifestyle diseases Around 65.0% of the population in Egypt, majorly comprising of age group 25-40 years (working age population) suffers from lifestyle...
Ukraine’s Grain Is Ready to Go. but Ships Aren’t. Why? Risk
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Ukraine’s Grain Is Ready to Go. but Ships Aren’t. Why? Risk

By AYA BATRAWY, Associated PressShipping companies are not rushing to export millions of tons of grain trapped in Ukraine, despite a breakthrough deal to provide safe corridors through the Black Sea. That is because explosive mines are drifting in the waters, ship owners are assessing the risks and many still have questions over how the deal will unfold.The complexities of the agreement have set off a slow, cautious start, but it's only good for 120 days — and the clock began ticking last week.The goal over the next four months is to get some 20 million tons of grain out of three Ukrainian sea ports blocked since Russia's Feb. 24 invasion. That provides time for about four to five large bulk carriers per day to transport grain from the ports to millions of impoverished people worldwide ...
Alphabet, Microsoft Boost US Stocks as Market Waits on Fed
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Alphabet, Microsoft Boost US Stocks as Market Waits on Fed

NEW YORK (AP) — Stocks are opening higher Wednesday, with a raft of corporate earnings reports sparking a sharp rebound from losses a day earlier. The S&P 500 is up about a percent at the opening bell and the technology-heavy Nasdaq Composite is posting even stronger gains. Alphabet shares are gaining after Google's parent company reported second-quarter numbers overnight that investors seem to like, and Boeing and Microsoft are also rising on their second-quarter report. Investors will turn their focus later today to an expected decision on interest rates from the Federal Reserve.(asterisk)(asterisk)(asterisk) THIS IS A BREAKING NEWS UPDATE. AP's earlier story appears below. (asterisk)(asterisk)(asterisk)Wall Street futures advanced Wednesday as traders prepared for what most expec...
Israel Fitness Equipment Market is expected to expand at a
Fitness

Israel Fitness Equipment Market is expected to expand at a

Gurugram, India, July 27, 2022 (GLOBE NEWSWIRE) -- Entry of low budget international fitness chains and attractive fitness schemes offered by those brands will gain traction among the people for following various fitness regimes and contributing in increasing the offline memberships rate in fitness centers Consumers shifting preference towards availing digital fitness services followed by the advent of COVID-19 will positively contribute in accelerating the demand of home-based fitness equipment such as yoga mats, resistance bands and dumbbells along with exercise bike, elliptical and treadmills in coming yearsDue to the changing lifestyle and influence from TV and internet, youth in the country is becoming more aware about their health and fitness, which will into regular visits ...
Asian Stocks Follow Wall St Lower Before Likely US Rate Hike
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Asian Stocks Follow Wall St Lower Before Likely US Rate Hike

By JOE McDONALD, AP Business WriterBEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool inflation.Shanghai, Hong Kong and South Korea declined. Tokyo and Sydney advanced. Oil prices were little changed, staying below $100 per barrel.Wall Street tumbled Tuesday after Walmart warned that inflation that has spiked to a four-decade high of 9.1% is hurting American consumer spending.Investors worry aggressive action against inflation by the Fed and central banks in Europe and Asia might derail global economic growth.Political CartoonsThe Fed is expected to announce a rate hike Wednesday of up to three-quarters of a percentage point, triple its usual margin. That would match a similar...