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The HS2 cost for taxpayers could top £90bn, warns the TaxPayers’ Alliance

Monday 20 February 2017 12:01 am Humber Bridge 130,544,090,000 Copenhagen Metro Boston–New York–Washington Railway 60 per cent 190 per cent A spokesperson for the Department for Transport (DfT) said: “HS2 will become the backbone of our national rail network – creating more seats for passengers, supporting growth and regeneration and helping us build an economy that works for all. We are keeping a tough grip on costs and the project is on time and on budget at £55.7bn.”John O’Connell, chief executive of the TaxPayers’ Alliance, said: 164,599,070,000 London Limehouse Road Tunnel 99,894,608,000 102,164,940,000 141,895,750,000 180 per cent 76 per cent 110 per cent Projected cost (£bn, 2016 prices) Share 119,192,430,000 130 per cent HS2 costs could top £90bn, if the high-speed rail project follows in the footsteps of other government-managed, large infrastructure projects, according to a think tank.The TaxPayers’ Alliance has warned that taxpayers should “take no comfort” in government insistence that HS2 will be delivered on budget, given an “appalling track record”. 90,813,280,000 High-speed Rail Line South, The Netherlands Rebecca Smith London Jubilee Line extension Project It beggars belief that the government seems set to plough ahead with the first phase of this hugely expensive vanity project. Instead, politicians should opt for smaller, more effective infrastructure projects which would actually benefit the economy and help drivers, commuters, businesses and taxpayers.All the evidence shows that big government projects are delivered way over budget and almost never to deadline, so to allocate tens of billions of taxpayers’ money to this white elephant is a big mistake. 80 per cent whatsapp Channel Tunnel Ministers had said the London 2012 Olympics as evidence they can deliver big projects to budget, but the TPA said the final cost was £9.3bn, from an original budget of £2.4bn.Read more: HS2 payments to incoming chief exec’s firm CH2M soarIt has compiled a list of other transport infrastructure projects and analysed what HS2 will cost if it goes over budget as those have done, with the lowest estimate, £90.8bn. If it overran to the same extent as the London Olympics, the cost would be £99.9bn.Read more: HS2 faces questions over chief exec appointmentHow HS2’s cost could escalate if it goes over budget to the same degree as other transport projects: whatsapp Minneapolis Hiawatha light rail line Overrun 80 per cent 158,923,240,000 102,164,940,000 London Olympics The HS2 cost for taxpayers could top £90bn, warns the TaxPayers’ Alliance 150 per cent More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com read more

Watchdog outlines plan to fix insurance’s £1.2bn problem

first_imgFriday 4 October 2019 8:28 am It will also consider stopping firms from using automatic renewals to discourage customers from switching onto cheaper deals and force insurers to reveal how their prices compare to rivals’. Around one in three people could be affected by steep pricing, and customers stand to save £1.2bn a year if competition problems are fixed, the watchdog said. AA’s share price dropped almost four per cent to 50.5p in early trading on the announcement. And Direct Line’s shares fell almost three per cent to 274.8p. Main image credit: Getty The Financial Conduct Authority (FCA) said today that “competition is not working well for all consumers”, with 6m people paying high prices without getting a good deal. “While a large number of people shop around, many loyal customers are not getting a good deal,” the FCA’s strategy and competition chief Christopher Wolard said. “We have set out a package of potential remedies to ensure these markets are truly competitive and address the problems we have uncovered. We expect the industry to work with us as we do so.” Joe Curtis The watchdog accused firms of “a range of practices” to deter customers from finding better deals elsewhere. “The FCA’s interim report seems to be quite harsh, including price restrictions. This could be material for some companies as loyal customers tend to pay a lot more,” Liberum said. Read more: City watchdog consults on new regulations for insurance firms “People who pay high premiums are less likely to understand insurance or the impact that renewing has on their premium,” the FCA said. It also found that one in three customers who pay higher margins earn less than £30,000. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Read more: Overlapping UK and EU regulations would hurt markets after Brexit, says FCA The watchdog may force firms to automatically move customers who renew onto cheaper equivalent deals, or simply ban loyalty premiums for those who renew. Share “The positive news is that this is still only an interim report and the final market study is expected in Q1 2020. The AA’s insurance business is a disruptor and therefore could be a beneficiary.” Broker Liberum called the report “harsh”, but kept a buy rating on AA’s stock, saying the announcement was still only an interim report. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Funzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMisterStoryWoman files for divorce after seeing this photoMisterStoryDefinition24 Of The Most Hilarious Yard Signs Ever WrittenDefinition AA share price knocked as FCA warns insurers it could ban loyalty premiums whatsapp The UK’s financial watchdog may ban loyalty premiums for customers who renew their home and motor insurance as it outlined a raft of possible remedies to address market competition issues. whatsapp But it warned insurers could take a hit if the watchdog targets loyalty premiums.last_img read more

Survivors look back on the Japanese bombing of Unalaska 75 years ago

first_imgAleutians | History | MilitarySurvivors look back on the Japanese bombing of Unalaska 75 years agoJune 2, 2017 by Laura Kraegel, KUCB-Unalaska Share:A memorial overlooking downtown Unalaska is dedicated to the Unangax who were forcibly evacuated during World War II and the Aleutian villages that were never resettled. (Photo by Laura Kraegel/KUCB)Japan bombed Unalaska 75 years ago, killing more than 40 Americans and triggering the evacuation of hundreds.In the aftermath, many Aleutian residents survived. But the number is dwindling as decades pass.Forty-three veterans and evacuees are gathering in Unalaska this weekend to commemorate the events of World War II.The attack on Dutch Harbor turned the Aleutian Islands into a war zone.While the military dug in and fought the Japanese, the region’s Native residents were forcibly evacuated by the U.S. government.Organizers say they’ve planned a commemoration that honors both halves of that painful history.Planning committee member Janice Krukoff said the two groups may have had different experiences of World War II, but marking the anniversary is really about one thing.“Being able to see the veterans and the evacuees come together, it’s a long time in the making,” Krukoff said. “Continue moving forward in a positive way, our story never to be forgotten.”That story is personal and urgent for Krukoff. Her parents were among the 881 Unangan people taken from their homes and sent to internment camps in Southeast Alaska.They survived, despite the crowded conditions and meager supplies. But not everyone was so fortunate.Krukoff said she’s approaching this weekend as a chance to recognize the Unangax who died during the war — and to learn from those still living today.“The majority of them are elderly now,” Krukoff said. “This may be the last hosting of something of this magnitude.”Time also is passing quickly for veterans of the Aleutian campaign.Only eight servicemen are making the trip to Unalaska.Historian Jeff Dickrell said that’s far fewer than the last major anniversary.“For the 50th, there were probably 100 veterans,” Dickrell said.This weekend, Dickrell will tell the story of the Japanese attack in detail, with help from visiting veterans.Their talk is just one part of a packed agenda that includes storytelling sessions, memorial services and historic flyovers.Those won’t feature the Japanese fighter planes that flew over Unalaska during the 50th anniversary. Dickrell said that sight was too intense for many who lived through the real thing.“Everybody just fell silent,” Dickrell said. “We all realized that it was kind of a dichotomy of cool history, but also you’re replicating the deaths of Americans and war.”This time around, pilots are sticking with North American military aircraft — an amphibious Grumman Goose and a bright yellow T-6 Texan.The commemoration started Friday and continues all weekend.Share this story:last_img read more

Chinese tycoon Guo Guangchang wins battle to buy Club Med

first_imgSunday 4 January 2015 11:06 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Show Comments ▼ whatsapp Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoGive It LoveRemember These Rare Sisters? See Them NowGive It LoveUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndocenter_img Share Express KCS Chinese tycoon Guo Guangchang wins battle to buy Club Med whatsapp Chinese billionaire Guo Guangchang is set to buy French holiday resorts firm Club Med in a deal worth over €900m (£704m) after winning a long-running bidding war against Italian rival Andrea Bonomi, it was revealed yesterday.Billionaire Bonomi conceded defeat late on Friday. Guangchang’s conglomerate Fosun International had raised its bid for the holiday company to €24.60 a share just before Christmas – valuing Club Med at €939m. The bid ousted a €24 per share offer from Bonomi’s Investindustrial – which also owns Aston Martin – with the Italian subsequently conceding defeat.Bonomi’s withdrawal brings to end an 18-month saga that saw the company’s offer price raised a number of times and paves the way for Fosun to control the French vacations specialist.It is thought that Fosun will look to expand Club Med into emerging economies in an attempt to tap into the increased consumer spending of their growing middle classes. China, in particular, represents a target destination, and could account for up to a third of Club Med’s customers if Fosun succeeds in the takeover attempt.Founded in 1950 by Belgian Gerard Blitz, Club Med is considered the original all-inclusive resort. It grew into one of the world’s largest tour operators but has suffered in recent years due to growing competition, evolving holiday preferences and the global economic downturn. last_img read more

Best of the Brokers for 29 May 2015

first_imgTo appear in Best of the Brokers, email your research to [email protected] downgraded the market services group from “hold” to “sell” on the basis that the shares have “run too far and do not fairly reflect the higher level of targeted investment spend, the ongoing challenging market conditions and the investigation into ISDAfix in the US”.RANK GROUPShore Capital reinitiated coverage of the gaming company with a “buy” rating, and said that although the firm has been “off investors’ radar since the takeover debacle of 2011”, following a recent share sale, it is “finally emerging from the shadows with an attractive investment case building”. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Kevin Can F**k Himself’ TV Review: Annie Murphy Blows Up the Idea of aThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Express KCS whatsapp Best of the Brokers for 29 May 2015 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It WiseTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLivestlyThe Best Redhead Actresses, RankedLivestlyNovelodgePierce Brosnan’s Wife Lost 120 Pounds – This Is Her NowNovelodgecenter_img Tags: NULL Thursday 28 May 2015 8:35 pm Show Comments ▼ Share whatsapplast_img read more

News / Another quarter in the red, but Maersk Line chief sees smoother sailing on the horizon

first_img Maersk Line remained in the red in the third quarter, today reporting a net loss of $116m on the back of a 16% year-on-year decline in freight rates.However, group chief executive Soren Skou argued that ahead of the annual Asia-Europe contract negotiations season, the carrier was “in a better position than this time last year”, due to higher spot rates and shipper “flights to safety” following the Hanjin crash.The container line loss compares with a profit of $264m in the same period last year, despite a volume growth of 11% to 5.4m teu.It brings the carrier’s nine-month loss to $230m and has forced a negative full-year result prediction.Q3 revenues of $5.4bn were 11% lower than the same period last year, dragged down by a 16% plunge in average freight rates to $905 per teu – although freight rates improved 5.5% on the previous quarter, the first quarter-on-quarter increase since Q3 2014.At the group’s interim results presentation this morning, Mr Skou attributed Maersk’s significantly above-par volume growth to a combination of increased loading on backhaul trades and new business gained after Hanjin Shipping entered receivership on 31 August.“Maersk Line captured more than its fair share of Hanjin business,” said Mr Skou, adding that the line was “probably seen as a safe place”.He added: “Hanjin had around 3% of the global market, so this was like a whole year of global growth coming onto the market overnight.”He said he anticipated that the “Hanjin effect” would have an impact on freight rates –  already in evidence on the spot market, which accounts for around 50% of Maersk Line’s business – and was likely to influence Asia-Europe contract discussions and those for the transpacific trade next year.“To my knowledge, we haven’t closed any Asia-Europe contracts yet,” said Mr Skou, suggesting that Maersk Line had the upper hand in those rate negotiations.On the subject of capacity, Maersk Line is scheduled to take delivery of eleven 19,600 teu second-generation Triple-E vessels in 2017 and 2018. Mr Skou said the carrier had enough flexibility with its orderbook and charter fleet to adjust accordingly.And he was not unduly concerned about the ability of rivals to charter ships at rock-bottom daily hire rates.“Many carriers are significantly loss-making,” he said. “Even a free charter is not cheap enough.”Lars Jensen, chief executive and partner at SeaIntelligence Consulting, described the 11% volume growth as a “show of force by Maersk Line”.He added: “Now we have to look out for counter moves by the new alliances in 2017/ Will they give up this market share to Maersk permanently, or will we enter a new phase of the price war?”Meanwhile, APM Terminals delivered a profit of $131m in the quarter, compared with $175m in the same period last year, despite container throughput at its terminals increasing to 9.5m teu from 8.9m teu in the same period last year.However, profitability at APM Terminals remains under pressure in Latin America, North Europe and Africa, due to liner network changes and continuing weak market conditions.As a part of Maersk’s strategy review, Mr Skou said, APM Terminals would in future focus on “a better result from existing business” rather than “putting new flags in the ground”.Forwarding arm Damco was hit by lower rates and currency exchange fluctuations, but nevertheless recorded a third-quarter profit of $15m, down from $20m last year.Outgoing group chief financial officer Trond Westlie believes “the corner has been turned” at the 3PL.Overall, the AP Møller Maersk group delivered profits of $438m in the quarter, compared with $778m in the same period of 2015, and expects a full-year result “significantly below” last year’s $3.1bn, at “below $1bn”.APMM will hold its postponed Capital Markets Day in Copenhagen on 13 December. Mr Skou said more details would then be available about the restructuring of the group. By Mike Wackett 02/11/2016last_img read more

News / Expect delays on peak season parcel deliveries – despite optimists at eBay

first_img By Ian Putzger, Americas correspondent 12/10/2020 Apparently the folks at eBay who deal with logistics inhabit a parallel universe.The e-commerce platform has suspended its shipper protection programme for late deliveries due to carrier delays, using the bizarre reasoning that delays are ‘no longer a serious concern’.“We are seeing consistent improvements in on-time shipments for USPS [US Postal Service] and all carriers, and late deliveries have returned to pre-Covid-19 levels,” the company declared.Its take on deliveries is vastly at odds with comments from parcel carriers bracing themselves for “a peak on top of a peak”, as one carrier executive put it. “We’ve seen a slight improvement in parcel deliveries, but performance is nowhere near pre-Covid levels,” reported Deyman Doolittle, COO of transport consultancy ShipSights.He added that the large parcel carriers anticipated delays during the peak season – and even consumers are not expecting their online purchases to arrive in the standard delivery windows.The recently published 2020 Annual Consumer Survey, by Convey, a provider of delivery experience management software, found that 42% of 1,600 consumers surveyed were concerned that their packages would arrive late, while 74% expressed willingness to allow retailers between one and four extra days to deliver their orders.And shippers are worried: since the lockdown measures in March, many have experienced issues with securing sufficient capacity for their deliveries, while the associated costs have soared. Many find their traditional arrangements are not strong and resilient enough to cope with anticipated peak volumes.“People who have been single-sourcing are moving to a dual-source strategy,” Mr Doolittle added, and suggested that those that had not finished their preparations had no time to lose.“They need to work early with carriers – which is right now – to talk about volumes and projections,” he urged.Some shippers are looking at drastic changes, such as switching from network carriers to regional carriers for deliveries, Mr Doolittle reported. Such shifts may be rather challenging to execute in a short timeframe, especially in the present market conditions, so the majority will remain stuck with the large network carriers for the coming peak, he reckons.This means markedly higher costs, particularly for large shipments, to which the integrators have added massive surcharges in their most recent pricing moves. However, there was room for negotiation on those surcharges, Mr Doolittle said.Another strategy some shippers are embracing is to prioritise shipments of higher value.One of ShipSights’ clients from the food sector has two distinct brands, one a high-end label with better margins. The firm strives to make sure its shipments of the luxury brand always go out first, according to Mr Doolittle.Probably the biggest relief for shippers and carriers will come from the extended duration of the peak season. According to one observer, Amazon effectively stretched the season by 30-45 days with its decision to move its Prime Day ‘discount frenzy’ to 13 October this year. Many retailers have indicated that they will start shopping promotions earlier to extend the peak season and take some pressure off deliveries.And according to Mr Doolittle, the strategy has merit.“I think it will help,” he said. “It’s also going to help the carriers because they can spread out their peak season surcharges.”Nevertheless there will be delays. Shippers with better insight on where their shipments are held up will have some advantage, Mr Doolittle added. Not being able to track shipments is going to add some resentment from frustrated consumers, he said.“With tracking capability, at least they can mitigate the customer service aspect.”A programme that protected shippers against carrier delays would also come in handy, he added.center_img © frank Armstrong last_img read more

Pharmalittle: Sanofi wins bidding for Ablynx; Roche hemophilia drug can reduce costs

first_img GET STARTED Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED About the Author Reprints Log In | Learn More STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Good morning, everyone, and welcome to another working week. We hope the weekend respite was relaxing and fruitful, because the predictable routine of meetings, deadlines, and the like is now upon us. There is only one thing to do when confronted with such a situation — reach for a cup of stimulation. Our flavor today is macadamia nut, for those keeping track. Feel free to join us. Remember, no prescription is required. Meanwhile, here are some tidbits to get you started. Hope you have a smashing day and do keep in touch …Sanofi (SNY) agreed to pay $4.8 billion to buy Ablynx (ABLYF), outbidding Novo Nordisk (NVO) for a drug to treat a rare blood clotting disorder, The Wall Street Journal notes. This is the second deal this month for Sanofi, which is paying $11.6 billion for Bioverativ (BIVV) and its hemophilia treatments. Sanofi has been under pressure from investors after losing out on two attempted takeovers — Medivation and Actelion Pharmaceuticals — in 2016. Alex Hogan/STAT Pharmalittle: Sanofi wins bidding for Ablynx; Roche hemophilia drug can reduce costs [email protected] Pharmalot center_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. By Ed Silverman Jan. 29, 2018 Reprints Tags drug developmentfinancepharmaceuticalspharmalittlepolicySTAT+ What’s included? @Pharmalot What is it? Ed Silvermanlast_img read more

Turtle with red tide poisoning rescued from waters off Marco Island

first_imgRELATEDTOPICS AdvertisementTags: Clinic for the Rehabilitation of WildlifeLoggerheadmarco island WATCH: Plane caught on video getting very close to Marco Island beach May 19, 2021 Advertisement Marco Island Police investigate string of car thefts May 11, 2021 MARCO ISLAND, Fla. — A loggerhead sea turtle was taken to a Sanibel animal clinic after it was found floating in the Gulf of Mexico near Marco Island last weekend.The sub-adult turtle was emaciated and covered in barnacles, a sign that it had been floating in the water for some time.Veterinarians at the Clinic for the Rehabilitation of Wildlife on Sanibel suspect the turtle to be suffering from brevetoxicosis, a.k.a. red tide poisoning. The loggerhead is getting intravenous lipid emulsion therapy and fluids to help it recover. The lipids bind to the brevetoxins and are then eliminated from the body through the turtle’s waste. AdvertisementAfter a few days, the turtle started to eat and show improvement. It will continue to recover in an outdoor tank. Although the turtle is still weak and thin, rehabilitation staff are happy with the turtle’s progress. center_img Advertisement Tour guides work to reduce trash on Dickman’s Point May 19, 2021 Missing Marco Island man found safe May 26, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 commentslast_img read more

Ontario pair charged with unregistered trading, illegal distributions

first_img Share this article and your comments with peers on social media Former Alberta planner fined, banned for illegal distribution scheme Keywords Illegal distributionsCompanies Ontario Securities Commission Related news James Langton BCSC sanctions founders, companies in failed insurance venturecenter_img Compensation funds available for Phoenix group victims The OSC alleges that between June 2012 and March 2014 Lowman and Jarrett were involved with the distribution and trading of securities in the two firms. Neither man has ever been registered with the OSC, and no prospectuses for the securities were ever filed, the OSC says in a statement. None of the allegations have been proven. Lowman and Jarrett were each charged with one count of trading without registration, one count of trading in securities without a prospectus, and one count of making prohibited representations. They are scheduled to appear in court on Sept. 18, in Newmarket, Ont. Facebook LinkedIn Twitter The Ontario Securities Commission (OSC) announced on Tuesday that two Ontario men have been charged with alleged breaches of the Securities Act following an investigation by the OSC’s Joint Serious Offences Team (JSOT). Mark Lowman of Sharon, Ont. and Dave Jarrett of Keswick, Ont. are facing charges in connection with alleged unregistered trading and the illegal distribution of securities in two firms — Asia Global Energy Ltd. (also known as 2215259 Ontario Inc.) and Enviro Global Securities Corp. last_img read more