Trust Digest 169 (December 12, 2016)
In Antitrust Trial, Justice Department Questions Aetna-Humana Asset Sale Plan
The Justice Department hammered away in court Thursday at the viability of a plan by Aetna Inc. and Humana Inc. to sell off assets to alleviate antitrust concerns about their proposed $34 billion merger.
Key Words: Aetna-Humana, antitrust trial
Trust Issues: Transparency, Risk Tolerance
Former Insys CEO Arrested in Opioid Prescription Kickback Case
Six former executives and managers at Insys Therapeutics Inc. were arrested on Thursday and charges with conspiring to defraud health insurers and bribe doctors in exchange for prescribing the company’s fentanyl painkiller, Subsys, the Justice Department said.
Key Words: Insys, opioid, prescription kickback case
Trust Issues: Transparency, Capability, Integrity
Pfizer Fined $107 Million for Overcharging U.K. for Epilepsy Drug
The U.K.’s top antitrust regulator slapped Pfizer Inc. with a record $107 million fine, alleging it overcharged the national health-care system for an epilepsy treatment.
Key Words: Pfizer, U.K., epilepsy drug
Trust Issues: Honesty, Transparency
Senate Clears Bill to Ease FDA Drug and Device Approvals
Passage of legislation aimed at speeding up Food and Drug Administration approvals, combined with an incoming president who has pledged to “cut red tape” at the agency, is expected to usher in a new, more industry-friendly era of drug and device regulation.
Key Words: Senate, FDA
Trust Issues: Transparency, Accountability, Adjustment
As Democrats demand probe over CIA election claim, GOP senators express doubt
Senior Democratic lawmakers are calling for a full investigation of the CIA’s claims that Russia attempted to tilt the election to Donald Trump, demanding that the intelligence community turn over all its evidence to Congress.
Key Words: CIA, election claim
Trust Issues: Honesty, Risk Tolerance
Tillerson choice raises questions of corporate vs. national interest
The central question facing Exxon Mobil Corp Chief Executive Rex Tillerson if he becomes U.S. secretary of state is whether a lifelong oil man with close ties to Russia can pivot from advancing corporate interests to serving the national interest.
Key Words: U.S. Secretary of State, Rex Tillerson
Trust Issues: Transparency, Accountability
U.S. and Russia propose safe exit for Aleppo rebels- opposition officials
The United States and Russia on Sunday tabled a proposal to rebels in Aleppo that would offer safe passage from the city for fighters, their families and other civilians, three opposition officials with Aleppo rebel groups told Reuters.
Key Words: Aleppo, U.S., Russia
Trust Issues: Volatility, Security