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Critical Wall Street reforms gutted in Republican-approved spending bill

Wall Street - Wikipedia

The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in 2010 as a safeguard to help the U.S. economy avert another financial catastrophe like the Great Recession of 2007-2008. The Act’s provisions have since become one of the federal government’s most effective weapons in the fight against the type of high-level financial fraud that drove the economy to the brink of a depression and ruined the quality of life for millions of Americans. Despite all the progress it has made in restoring a level of integrity and trust in the U.S. banking and investment industry, the very same ... Read More

UPPAbaby recall indicates danger from 2015 VISTA and CRUZ strollers, RumbleSeats

Recall - strollers

According to the Consumer Product Safety Commission (CPSC), more than 70,000 UPPAbaby stroller and RumbleSeat products are now under recall. Reports indicate that infants are able to reach the bumper with their mouths and remove foam covering from the bar, thus posing a choking hazard. Another 8,000 UPPAbaby stroller and RumbleSeat products are also being recalled in Canada. The UPPAbaby recall focuses on three new products:  the 2015 CRUZ and VISTA strollers, as well as the 2015 RumbleSeat. Firstly, the CRUZ strollers feature an aluminum grey or black frame with a toddler seat made of a black fabric. The CRUZ strollers ... Read More

Kim Kardashian promotes controversial morning sickness drug

Kim Kardashian Diclegis - Instagram image

Kim Kardashian is profiting from her pregnancy by pushing a controversial morning sickness drug. Kardashian posted on Instagram a photo of herself with a bottle of Diclegis and a rather scripted message saying that her doctor prescribed the drug. “I’m so excited and happy with my results that I’m partnering with Duchesnay USA to raise awareness about treating morning sickness,” she writes. Diclegis is a combination of vitamin B6 and the antihistamine doxylamine. It is a delayed-release pill that is designed to be taken every day before symptoms occur. Nausea and vomiting associated with pregnancy generally occur in the morning, ... Read More

Major cyclospora outbreak hits Texas for third year in a row

vegetables

Texas health officials are trying to determine the source of a Cyclospora outbreak that has sickened more than 200 people this summer, the third consecutive year that the number of reported cases has reached the 200 mark. Cyclosporiasis is an illness caused by eating or drinking something contaminated with human feces containing the intestinal parasite. Cyclospora infections aren’t normally spread from one person directly to another because the parasite needs several days or even weeks to become infectious once passed in a bowel movement. In the U.S., outbreaks in recent years have been traced to raspberries, cilantro, and other leafy ... Read More

Peanut exec faces life sentence in “unprecedented” food poisoning case

peanut-corp-sign

U.S. government prosecutors have recommended a life sentence to a former peanut company owner convicted of knowingly selling and distributing a variety of peanut products contaminated with salmonella. Lawyers for both prosecution and defense say the recommended sentence of life in prison for Stewart Parnell, the 61-year-old head of Peanut Corporation of America, is “unprecedented” for a food poisoning case. Court documents show the U.S. Probation Office determined that Mr. Parnell’s crimes fell “in a life sentence Guidelines range” using sentencing calculations and guidelines. These calculations and determinations will be given to the federal judge to assist in sentencing Sept. ... Read More

More patients being treated for atrial fibrillation

xarelto

More patients than ever are being treated with blood thinners for the common irregular heart rhythm condition atrial fibrillation, thanks in part to direct-to-consumer advertising from the newest anticoagulants on the market. According to a study conducted by researchers with the University of Michigan Frankel Cardiovascular Center, doctors prescribed more than 2.83 million blood thinners in the last quarter of 2014, up about 800,000 from the start of 2009. Blood thinners are used to prevent strokes in patients with atrial fibrillation. They are also used to prevent or treat blood clots in the legs and lungs, a condition known as ... Read More

Johnson & Johnson announces declining sales in all three divisions

johnsonandjohnson

Consumer health care giant Johnson & Johnson recently reported concerning second-quarter earnings with overall sales down 8.8 percent from the same quarter last year. Some of the blame falls on the company’s medical devices division, which saw declining sales for the fourth straight quarter with not much hope for growth on the horizon, according to analysts. All three of Johnson & Johnson’s divisions – consumer products, medical devices, and pharmaceuticals – have experienced quarterly declines for the past few years. The majority of the declines were attributed to foreign exchange fluctuations, but sales in each division were weak. Declines in the company’s ... Read More

Study investigates testosterone side effects

Low T

Last year, the Food and Drug Administration (FDA) ordered manufacturers of testosterone replacement products to add blood clot warnings to the safety labels of the hormones. A new study suggests testosterone supplements may not increase the risk of blood clots, but the risk for heart attacks and strokes in patients who use the therapy remains. The most common forms of blood clots in the veins, also known as venous thromboembolism (VTE), are deep vein thrombosis (blood clot in the leg) and pulmonary embolism (blood clot in the lungs). It is the third most common cardiovascular problem after heart attacks and ... Read More

Study suggests link between Actos and pancreatic cancer

Actos (pioglitazone) Type 2 diabetes medication

A new study published in the July 21 issue of JAMA questions the link between the type 2 diabetes drug Actos and bladder cancer, but it also suggests the once-blockbuster treatment may cause pancreatic cancer. Actos, made by Takeda Pharmaceuticals, contains the active ingredient pioglitazone. In 2011, after studies showed people who took Actos were at an increased risk for bladder cancer, the Food and Drug Administration (FDA) ordered that warnings be placed on the drug’s safety label warning of bladder cancer. Takeda has since been slapped with Actos bladder cancer lawsuits, including a landmark $6 billion judgment in one ... Read More

Europe approves first-in-class cholesterol-lowering drug

lipitor

European drug regulators have approved Amgen’s highly anticipated, first-of-a-class cholesterol-lowering drug Repatha, for patients with dangerously high cholesterol levels, including those with inherited conditions, and people who cannot tolerate statin side effects. Repatha is an injectable drug from an experimental class of drugs known as PCSK9 inhibitors. Other PCSK9 drugs are currently in development or awaiting review by drug regulators. Drugs in this class have shown in clinical trials to be superior at dramatically lowering LDL – or bad – cholesterol. Like statins, the drugs are used to prevent heart attacks and strokes in patients with high cholesterol, a risk ... Read More