Comment on this storyComment State and local governments to receive an additional $18.75 billion from drug chains and drug makers to settle lawsuits over their role in flooding the country with pain relief money intended to help communities still grappling with an unparalleled addiction and overdose crisis, lawyers announced Friday. The settlements must be paid for by drugmakers Allergan and Teva, as well as CVS and Walgreens. The deals also include Walmart, which is expected to finalize its deal soon. The deals emerge more than a year after pharmaceutical company…
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Merck sues the US government to stop negotiating the price of Medicare drugs
NEW YORK, June 6 (Reuters) – Merck & Co (MRK.N) sued the U.S. government on Tuesday, seeking to halt the Medicare drug price negotiation program contained in the Inflation Reduction Act (IRA), which he says violates the Fifth and First Amendments to the United States Constitution. This is the first attempt by a drugmaker to defy the law, which the pharmaceutical industry says will result in lost profits forcing them to pull out of developing innovative new treatments. Americans pay more for prescription medicines than any other country. The Biden…
Read MoreWith the rise of legal gambling, some states want to teach teenagers about the risks
ATLANTIC CITY, NJ (AP) As a senior in high school, Nick was blessed with a deadly and accurate jump shot from long three-point range, something he was quick to cash in on. He and his gym buddies not far from the Jersey Shore would compete to see who could make the most baskets, at $5 or $10 a pop. “It gave a different dynamic to the day, a certain level of excitement,” Nick said. “I didn’t know how far she would keep going.” Before long, he was betting staggering amounts…
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