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Altria Sues Juul Over Patent Infringement
Altria Sues Juul , Over Patent Infringement.
Altria Group, the maker of Marlboro cigarettes, said that its subsidiary, NJOY, filed a lawsuit with the U.S. International Trade Commission against Juul Labs on Aug.
22.
Altria Group, the maker of Marlboro cigarettes, said that its subsidiary, NJOY, filed a lawsuit with the U.S. International Trade Commission against Juul Labs on Aug.
22.
The complaint alleges that Juul infringed
upon e-vapor patents owned by NJOY.
Altria is seeking a ban on
Juul imports and sales.
Protecting our intellectual property
is critical to achieving our vision, Murray Garnick, Altria General Counsel, via news release.
JUUL has infringed upon our patents through the sale of its imported products, and we ask the ITC to impose appropriate remedies in response to these trade violations, Murray Garnick, Altria General Counsel, via news release.
Altria acquired NJOY and its e-vapor products in June for $2.75 billion, CNBC reports.
One of the included products was NJOY ACE, which is the only pod-based e-vapor product that the FDA has given market authorizations.
.
We stand behind our intellectual property and will continue to pursue
our infringement claims, Juul spokesperson, via statement.
Altria has also filed a lawsuit "against Juul
in the U.S. District Court for the District
of Delaware," CNBC reports.
.
Before acquiring NJOY, Altria heavily
invested in Juul, but Altria's stake lost significant value following Juul's legal issues.
To date, Juul has settled multiple cases alleging that its marketing practices were deceptive and targeted youth.
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
Experts Question Claim , That Yogurt Can Help , Prevent Type 2 Diabetes.
Associated Press reports that the United States Food
and Drug Association's recently allowed yogurt
producers to claim it reduces the risk of Type 2 diabetes. .
However, at the time, the agency acknowledged
that the claim is based on limited evidence.
In 2018, Danone North America, the U.S. side
of the French firm, sought FDA clearance
for making the "qualified health claim.".
Qualified health claims lack full scientific support
but are allowed as long as manufacturers include
a disclaimer to avoid misleading the public.
Similar qualified health claims have been
allowed for dietary supplements since
2000 and for food products since 2002. .
In March of 2024,
the FDA granted
Danone's request. .
According to the FDA, there is some evidence
that eating at least 2 cups of yogurt a week
could reduce the risk of developing Type 2
diabetes, which impacts about 36 million Americans.
Critics of the FDA's decision have countered
that the claim is not based on randomized
control trials which could prove or disprove
yogurt's purported health benefits.
Critics of the FDA's decision have countered
that the claim is not based on randomized
control trials which could prove or disprove
yogurt's purported health benefits.
The Center for Science in the Public
Interest, an advocacy group, cautions
that no single food can reduce the risk of
developing a disease linked to overall diet.
AP reports that experts have expressed
concerns that the label change could encourage
people to eat yogurt high in sugar, which could
increase the risk of developing diabetes
Credit: Wibbitz Top Stories Duration: 01:31Published
FDA Testing Reveals , Bird Flu Virus , in 1 in 5 Milk Samples.
'Time' reports that the Food and Drug Administration
(FDA) has warned that traces of bird flu have been found
in nearly one-fifth of commercial milk samples tested. .
In a statement released on the agency's website,
the FDA said that traces of the virus do not
necessarily indicate a risk to consumers. .
According to the FDA, more tests are needed
to confirm if intact pathogens that remain
infectious are present in the samples.
Those tests would determine , "whether there is any risk of illness
associated with consuming the product.".
'Time' reports that the results of the study
come as a stark warning of how quickly the
virus is spreading among dairy cows in the U.S.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
In an effort to understand the extent of the outbreak
and potentially contain it, the USDA has implemented
mandatory testing of cows moving across state borders.
Authorities have stressed that the current
risk to humans remains low, with only one
identified human case in the U.S. this year. .
To date, the retail milk studies
have shown no results that would
change our assessment that the
commercial milk supply is safe. , FDA statement, via 'Time'
Credit: Wibbitz Top Stories Duration: 01:31Published
Is Cereal Good for You?.
'USA Today' reports that these are the
10 most-purchased cereals in America, according to data compiled by Google:.
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Cereal requires minimal preparation,
is shelf-stable, convenient, affordable
and can be a good way to get
some fiber in the morning, Leslie Bonci, a sports dietitian for the Kansas City Chiefs
and founder of Active Eating Advice, via 'USA Today'.
Cereal can also be a great way to
get micronutrients and one of the
best ways to ensure B vitamin
intake is included in your diet. , Leslie Bonci, a sports dietitian for the Kansas City Chiefs
and founder of Active Eating Advice, via 'USA Today'.
However, "cereals that are made of refined grains – grains that have had parts of the grain kernel removed – are lower in fiber and nutrients," according to registered dietitian Kate Zeratsky.
Added sugars are also a concern. For adults, the FDA advises consuming no more than 50 grams of added sugars per day as part of a 2,000-calorie diet.
The agency recommends that
children don't exceed 25 grams.
But some cereals contain large amounts of added sugars, such as Post's Golden Crisp, which has
21 grams of added sugars in just one cup.
Zeratsky suggests sticking with cereal brands that have added sugars "in the single digits" that also contain whole grains.
Cheerios and Rice Krispies contain
low amounts of added sugars, .
Cheerios and Rice Krispies contain
low amounts of added sugars, .
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains.
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains.
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains.
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains.
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains
Credit: Wibbitz Top Stories Duration: 01:31Published
Latest Weight-Loss Drug , Faces Shortages .
The United States Food and Drug Administration
(FDA) says that high demand has left the latest
weight-loss drug, Zepbound, in short supply.
'Newsweek' reports that the Eli Lilly product
is expected to experience limited availability
through Q2 of 2024 as surging demand has
outpaced the manufacturer's expectations.
We have experienced
an unparalleled surge in
demand for our type 2
diabetes and obesity medicines, Eli Lilly spokesperson, via 'Newsweek'.
We recognize this situation may
cause a disruption in peoples'
treatment regimens and are
working with purpose and
urgency to help meet
the surge in demand, Eli Lilly spokesperson, via 'Newsweek'.
The FDA said that Novo Nordisk's weight-loss
drug, Wegovy, is also experiencing a
widespread supply shortage with no end
in sight for the drug's limited availability.
By the year 2030, 'Newsweek' reports
that the weight-loss drug market is
expected to grow to about $100 billion.
We expect our investments
in manufacturing and supply
capacity to progressively increase
production of our medicines
throughout 2024 and beyond, Eli Lilly spokesperson, via 'Newsweek'.
Over the past year, manufacturer Eli Lilly
has already seen share prices rise over 102%.
The company has announced plans
to expand operations to meet increased
demand for its incretin products which are
used in the firm's diabetes treatments. .
Incretin mimics gut hormones
that regulate blood sugar
while also suppressing appetite
Credit: Wibbitz Top Stories Duration: 01:30Published
Experts' Tips on Taking, Supplements as Sleep-Aids.
'Time' recently spoke with experts regarding
over-the-counter sleep aids and whether they
can really help someone with insomnia.
'Time' recently spoke with experts regarding
over-the-counter sleep aids and whether they
can really help someone with insomnia.
Melatonin has become a popular
supplement in recent years for being
a safe and effective sleep aid.
According to a 2023 study by the American Academy of Sleep
Medicine (AASM), nearly two-thirds of people in the
United States have tried using melatonin to help them sleep. .
It’s not something that is generally
harmful or toxic, which is probably
why people are tempted to take
more when a little bit doesn’t work, Dr. Milena Pavlova, neurologist at Brigham and Women’s
Faulkner Hospital and an associate professor of
neurology at Harvard Medical School, via 'Time'.
'Time' points out that supplements, such as
melatonin, are not regulated by the
U.S. Food and Drug Administration.
Similar to melatonin, over-the-counter antihistamines
like Benadryl have become a popular sleep-aid due to
containing doxylamine, which causes drowsiness.
However, doxylamine also comes
with a number of side effects,
including a potential hangover the next day.
The big problem with antihistamines
is they can make people extremely
groggy and really impair cognitive
function the next day, Dr. Indira Gurubhagavatula, professor of medicine
in the division of sleep medicine at the
University of Pennsylvania, via 'Time'.
While antihistamines can induce
drowsiness, they don't normally
result in quality, restorative sleep.
Experts suggest eliminating things that prevent healthy sleep, like alcohol and caffeine, while also incorporating physical activity into your daily routine.
Credit: Wibbitz Top Stories Duration: 01:31Published
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