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The opioid manufacturer Purdue Pharma receives a bonus payment in the event of insolvency

The company estimates that it will pay approximately $ 26 million in wages and benefits, including premiums. Oxycontin, the drug company and painkiller, has filed for bankruptcy as part of its plan to settle the lawsuit of more than 2,000 counties, communities and Native American governments, which said the company fueled the opioid crisis. Purdue Pharma's long-term annual incentive program …

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Purdue Pharma, manufacturer of OxyContin, files for bankruptcy

Christopher Rowland Economic Reporter focused on the impact of health economics on the health, costs and privacy of patients. 15th September at 11:21 pm Opioid addiction epidemic due to the sale of the profitable but highly addictive painkiller OxyContin, which went bankrupt on Sunday. [Chapter 11] Submission of Chapter 11 is expected to lead to the final demise of a …

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Tariffs a problem for the manufacturer of Smith & Wesson weapons

The company reported a weaker-than-expected gain on Thursday as arms sales declined. It also warned investors that earnings in the second half of the fiscal year would decrease $ 5 million due to the impact of US-China tariff escalating trade wars. The tariffs mainly concern his outdoor products – hunting and fishing accessories, which account for more than a quarter …

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The big step from Huawei from component manufacturer to AI service provider

Huawei today announced an important AI announcement with its Ascend 910 data center and cloud-based chipsets and a new open-source framework called MindSpore. Nobody should be surprised about this announcement. Huawei has positioned itself as an AI powerhouse for 2-3 years. The previous products – such as the Ascend Nano and Tiny chips and the Kirin chips embedded in AI …

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Invisalign manufacturer warns of slowdown in China, shares fall 25%

An orthodontist uses a process called invisalign to smooth a patient's teeth. Sammy Dallal | Getty Images | Digital First Media | Getty Images Shares of Align Technology, the company that manufactures Invisalign Clear Tooth Aligners, on Thursday caused a serious downer than expected as a result of a serious warning to China and weaker-than-expected results that the second-quarter volume …

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Body Camera manufacturer does not use face recognition software: NPR

A police officer in Los Angeles is wearing an Axon body camera in 2017. On Thursday, the company announced that it has discontinued the face recognition software due to unreliability. David McNew / Getty Images Hide caption Caption switch David McNew / Getty Images A police officer in Los Angeles is wearing an Axon Body Camera in 2017. On Thursday, …

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The diesel scandal has just wiped out the profit growth at Mercedes-Benz manufacturer Daimler

The Company has announced that "various ongoing regulatory actions and actions relating to diesel vehicles" will impact the Company's results for the second quarter of fiscal 2019. She expects an increase in the costs associated with these procedures. German automakers have been through years of research into pollutant emissions caused by diesel vehicles. This test results from a registration of …

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What the Jeep manufacturer could win – TechCrunch

Fiat Chrysler Automobile and Renault are reportedly engaged in conversations that could result in large parts of their business being merged. This demonstrates the growing desire of car manufacturers to consolidate in an environment of increasing regulatory pressure and declining sales, and rising costs aimed at bringing next-generation technologies to market like self-driving cars. Bloomberg, Financial Times and The Wall …

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