Legal & Regulatory

Novo Nordisk CEO to Testify Before Senate After Sanders' Subpoena Threat Over Drug Pricing

Novo Nordisk CEO to Testify Before Senate After Sanders' Subpoena Threat Over Drug Pricing

Novo Nordisk CEO Lars Fruergaard Jørgensen will testify before the Senate following Sen. Bernie Sanders' threat to subpoena the company over the pricing of diabetes drug Ozempic and obesity drug Wegovy.


Boeing Admits Fake Documentation for Titanium Parts, FAA Begins Inquiry

The FAA has opened an investigation into Boeing over concerns that counterfeit titanium, verified with fake documentation, may have been installed in some of their planes, potentially affecting structural integrity.

Boeing and Airbus Allegedly Used 'Counterfeit' Titanium, FAA Investigation Reveals

Boeing and Airbus are under FAA investigation over allegations of using counterfeit titanium that risks the safety and integrity of critical components.

Supreme Court Ruling Allows Continued Sale of Bump Stocks in Guns Used in 2017 Vegas Massacre

The Supreme Court junks the Trump Administration's ban on bump stocks in 2019 used by the 2017 Las Vegas shooter, ruling that they aren't illegal machine guns.


Latest News

Neuroelectrics
Neuroelectrics seeks FDA approval for its noninvasive head cap that uses mild electrical currents to treat brain diseases, potentially transforming care for epilepsy, depression, and Alzheimer’s.
Tyson Foods CFO John R. Tyson Suspended After DUI Arrest: Company Announces
Tyson Foods has suspended its Chief Financial Officer, John R. Tyson, following his arrest on charges including intoxicated driving.
Emirates Slapped With $1.8 Million Fine for Flights in Off-Limits Regions, Including Iraq
Emirates has been fined $1.8 million by the US for conducting flights over restricted regions, while JetBlue Airways was permitted to sell seats on these flights under a code-sharing agreement, sparking scrutiny and regulatory review.
Norway Files Complaint Against Meta Over AI Training on User Data
The Norwegian Consumer Council has filed a complaint against Meta over its plans to use the images and posts of users on Facebook and Instagram to train artificial intelligence (AI) models.
waymo
Waymo recalled 672 autonomous cars after one hit into a utility pole in Phoenix, Arizona. A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.
California Lawmakers Reject Newsom's $400M PG&E Budget Bid Amid Ongoing Political Standoff
California lawmakers rejected Governor Newsom's request to allocate an additional $400 million for PG&E in the state budget, continuing a political standoff.
Visa-Mastercard $30 Billion Swipe Fee Deal Setback as Judge Hints at Rejection
A federal judge in Brooklyn indicated that she will likely reject the $30 billion settlement between Visa, Mastercard, and retailers aimed at capping credit card swipe fees.
FDA Took Over a Year to Act on Whistleblower Tip About Abbott Nutrition, New Audit Finds
An audit revealed that the FDA took over 15 months to act on a whistleblower complaint about conditions at an Abbott Nutrition factory.
US Returns Additional $156 Million to Malaysia From Stolen 1MDB State Fund
The United States (US) has returned $156 million to Malaysia, which was recovered from assets seized in investigations into a global corruption scheme involving the 1Malaysia Development Berhad (1MDB) state fund.
G7 Agrees to Give Ukraine $50 Billion Loan Amid War vs. Russia
The leaders of the Group of Seven, the world’s wealthiest nations, have agreed to create a $50 billion loan to help Ukraine in its fight to survive Russia’s onslaught, with interest earned on profits from Russia’s frozen central bank assets used as collateral.
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