The American Medical Association (AMA) is pushing for new regulations that require some warning signs about the potential hazard of marijuana use during pregnancy and breastfeeding to be written on legal marijuana products. The regulation was set based on studies that suggest marijuana use may be linked with low birth weight, premature birth and behaviour problems in young children.
Legal & Regulatory
14 US states will increase minimum wage in 2016
The majority of states in the United States including major cities will implement new minimum wage rate starting this year as workers continue to strike and demanding a better payment. Workers have been under pressure lately as the cost of living continues to increase yet their minimum wage remains the same.
Credit Suisse gets nod for Irish branch
Credit Suisse has received regulatory approval for opening its new branch in Ireland. The Swiss bank is setting up a new branch in Dublin as part of its cost reduction exercise. Credit Suisse is restructuring its securities trading and prime brokerage operations. Credit Suisse is in the process of meeting capital requirements and improving shareholder returns.
The Plan to File a Lawsuit Against Amazon by the NJ Mayor has been Abandoned
Less than couple of weeks after threatening Amazon, NJ Mayor has abandoned the plan to file a lawsuit against the retail giant. Earlier this month, Dave Fried, the Robbinsville Township Mayor had threatened to sue Amazon once a senior company official failed to show at a crucial meeting on Wednesday. The meeting was arranged to discuss the hefty traffic generated by Amazon's fulfillment center.
5 charged in $580M medical kickback scheme
Five people have been charged with kickback scheme related to billing that costs the government and insurance companies to the tune of $580 million. Doctors and others benefited from this scam by referring patients to two Southern California hospitals.
Latest News
Peter Capaldi and Jenna Coleman propose a crossover with the hit fantasy series, "Game of Thrones." The "Doctor Who" stars shared this interest at the "Doctor Who" Festival in UK. Meanwile, Natalie Dormer reveals that she is up for the role of the first female Doctor if the script is right.
Governor Andrew M. Cuomo announced Tuesday that he would increase minimum wage to $15 for all state workers in New York. According to The New York Times this minimum wage hike makes the New York the first state to put the pay this high for the public employees.
Maggi Noodles - the instant Chinese fare created by Nestle and loved the world over especially in India, Singapore and Malaysia and other parts of the globe was beset by a scandalous allegation that their Maggi Noodles in India contained MSG with lead levels going beyond permitted limits.
Japan Electronics company Toshiba Inc has sued five former executives including three former Chief Executive Officers for huge losses on the biggest accounting scandal in Japanese corporates.
The Justice Department launched an investigation on drug makers Merck & Co, Valeant Pharmaceuticals International, and Eli Lilly & Co for alleged over pricing. The Wall Street Journal reported that the US Attorney's office in Eastern District of Pennsylvania, along with the Justice Department's civil division set a probe on Merck, Eli Lilly, and Valeant on how these drug makers calculate and report their product pricing to the government medical rebate program.
High school graduates in Pueblo County, Colorado will get college scholarship from increased tax on marijuana growers by 2017. A CNN report shows that 60 percent of Voters in the county approved Tuesday a measure that will increase taxes on marijuana growers by 5 percent in the year 2020.
The UK government is trying to pass a bill that would ban strong end-to-end encryption that could force Apple to stop selling its iPhone in that country. According to Forbes, the UK government plans to pass legislation that would prohibit the use of strong encryption, which means any encryption they can't break is not allowed.
The National Highway Traffic Safety Administration fined air-bag supplier Takata Corp for $70 million and is ordered to stop manufacturing inflators that has ammonium nitrate.
Europe's major antitrust regulator has opened an "in-depth investigation" on Hutchison's $14 billion acquisition of Telefonica UK's O2 operations. According to The Wall Street Journal, top European Union officials have been warning that mobile-phone mergers in concentrated markets can lead to higher prices and less options for consumers.
