$900 Million Penalty for G.M.’s Deadly Defect Leaves Many Cold
As the number of deaths linked to defective cars made by General Motors has steadily risen to 124, victims’ families have waited for the answer to a burning question: How will federal prosecutors hold the automaker accountable for its decade-long failure to disclose the defect?
On Thursday, they got their answer, and many were disappointed.
Jardiance, a Diabetes Drug, Cut Cardiovascular Deaths by 38%, Study Says
For the first time, a widely used modern diabetes drug has been shown to reduce deaths from cardiovascular disease, a long-sought goal of treatment, researchers announced on Thursday.
In a clinical trial, the drug — Jardiance, sold jointly by Eli Lilly and Boehringer Ingelheim — reduced the overall risk of having a heart attack or...
GM to Pay $900 Million to End U.S. Switch-Defect Probe
General Motors Co. will pay $900 million to settle a criminal probe by the U.S. Justice Department over the ignition switch flaw that has bogged down Chief Executive Officer Mary Barra in recalls and investigations since almost the start of her tenure.
The settlement is part of a deferred-prosecution agreement under which the U.S. will...
FDA Expands Warnings About Contaminated Medical Scopes
The Food and Drug Administration warned doctors that bronchoscopes may transmit infections among patients when inadequately cleaned, the latest alert by the regulator about the risk of reusable medical scopes.
The agency recorded 109 reports of infections or contamination related to bronchoscopes in the past five years, including 50 in 2014 alone, according to its...
Probe of superbug-tainted medical scopes grows to include cleaning machines
Amid rising concerns about superbug outbreaks linked to contaminated medical scopes, federal regulators are demanding more rigorous testing of the machines used to clean the devices — and cracking down on manufacturers that don’t meet government standards.
The steps are part of a Food and Drug Administration effort to ensure the effectiveness of Automated Endoscope...
Salmonella Cucumber Outbreak Spreads to 31 States, 418 Sick
The cucumber Salmonella outbreak has grown to include 418 illnesses in 31 states. At least 91 people have been hospitalized and two have died, according to the Centers for Disease Control and Prevention (CDC).
The contaminated cucumbers have been recalled from retail locations. But before September 3, these dark green cucumbers, called “slicer” or “American”...
XenoPort’s psoriasis drug shows higher side effects; shares fall
The company's shares, which rose as much as 19 percent premarket, fell sharply in regular trading after the company said on a conference call that a third of its patients in the study dropped out...
F.D.A. Bans Sales of 4 Cigarette Products by R.J. Reynolds
WASHINGTON — The Food and Drug Administration halted the sale of four types of R. J. Reynolds cigarettes on Tuesday, saying the company failed to prove that they were not more harmful than products already on the market.
The agency ordered retailers who...
10 major brands will put automatic brakes in all cars
Ten major automakers pledged to equip all new cars with automatic emergency braking (AEB) and forward-collision warning systems over the next few years, according to a recent announcement from federal regulators.
Though there’s still no official timeline for the rollout, Audi, BMW, Toyota, Tesla, Volvo, Ford, General Motors, Mazda, Mercedes-Benz, and Volkswagen agreed to make...
Wall Street Banks to Settle CDS Lawsuit for $1.87 Billion
Some of Wall Street’s biggest financial institutions -- including Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc. and HSBC Holdings Plc -- have agreed to a $1.87 billion settlement to resolve allegations they conspired to limit competition in the lucrative credit-default swaps market.
The banks reached an agreement in principle with a group...
