AbbVie Shares Dive after California Sues Company over Alleged Kickbacks

Abbvie

The shares of AbbVie (NYSE: ABBV) declined almost three percent after the California Department of Insurance (CDI) filed a lawsuit against it. The state regulator alleged the pharmaceutical company gave illegal kickbacks to health care providers for prescribing Humira. Abbvie’s stock price closed at $92.61 per share, down from its opening price of $95.35 per share on Tuesday. Abbvie violated the Insurance Frauds Prevention Act In the lawsuit, Insurance Commissioner Dave Jones accused Abbvie of “systematically and repeatedly violated the Insurance Frauds Prevention Act.” The pharmaceutical company allegedly “engaged in…

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Califonia Gov. Brown Signs Bill Legalizing Side Walk Vending Statewide

Gov. Brown Signs Safe Side Walk Vending Act

California Governor Jerry Brown signed into law a legislation legalizing side walk vending across the state.  Next year, side walk vendors will be able to sell food or other products legally and contribute to the state’s economy. Democratic State Senator Ricardo Lara introduced Senate Bill 946—the Safe Side Walk Vending Act. The newly signed legislation will take effect on January 1, 2019. Under Senate Bill 946, local government cannot prohibit sidewalk vending. It allows municipalities to establish permit programs for side walk vendors and require them to obtain a business…

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California Attorney General Sued Care Home Owners for Human Trafficking, Labor Abuses

California Attorney General Sued Care Home Owner Human Trafficking Labor Abue

California Attorney General Xavier Becerra sued the owners of two care homes and a child day care facility in the Bay Area for human trafficking, labor abuse, rape, and other criminal activities. The defendants identified as Gerlen, Noel, Joshua, and Carlina Gamos own and operate Rainbow Bright, an adult residential and child care company. They committed the crimes while operating their facilities in Daly City, Pacifica, and South San Francisco. While serving arrest warrants, authorities sequestered 14 illegal assault weapons including three “ghost guns” without serial numbers from the defendants.…

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Democrats Likely to Gain Seat in Senate; Arizona Voters Prefer Democrat Kyrsten Sinema over GOP Candidates

Kyrsten Sinema

Registered voters in Arizona prefer Democratic Representative Kyrsten Sinema over Republican candidates for the U.S. Senate. On Tuesday, the latest NBC News-Marist poll in Arizona showed that Sinema has double-digit leads against her three Republican contenders. Sinema is ahead by 10% against Dr. Kelli Ward, a former member of the Arizona State Senate. Forty-eight percent (48%) of registered voters support Sinema while 38% prefer Ward. The survey also showed that Sinema has 11% lead over Rep. Martha McSally. Forty-nine percent (49%) of regstered voters favor the Democrat compared to 38%…

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California Primary: Schwarzenegger Will Not Vote for Republican John Cox

Arnold Schwarzenegger

Arnold Schwarzenegger, the movie actor and former California Governor is encouraging Californians to exercise their rights to vote. The state is conducting its primary election today. In a tweet, Schwarzenegger said, “Californians, whether you are to the left of me, to the right of me, or in the center, get out and vote. This is your day to flex your power.” Californians, whether you are to the left of me, to the right of me, or in the center, get out and vote. This is your day to flex your…

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ALERT: One Dead, 121 Sickened from E. coli Outbreak Linked to Romaine Lettuce

E.coli outbreak linked to romaine lettuce

The E. coli outbreak linked to romaine lettuce from the growing region of Yuma, Arizona became worse. One person died in California and more people became ill in other states, according to the U.S. Centers for Disease Control and Prevention (CDC). On Wednesday, the CDC said it received reports of 23 additional cases of E. coli infection from ten states. As of May 1, the total number of people sickened from the outbreak is 121 in 25 states. They were infected with the outbreak strain of E. coli O157:H7. According…

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Amazon to build 2nd headquarters with up to 50,000 workers

Amazon Fulfillment Center

Amazon announced its plan to build a second headquarters in North America that will be equivalent to its current campus in Seattle, Washington. The e-commerce giant will invest more than $5 billion for the construction and growth of its HQ2, which is expected to add as much as 50,000 high-paying jobs. Amazon also expected its HQ2 to create tens of thousands of additional jobs and tens of billions of dollars in additional investments in communities that surround it. The company estimated that its additional investments in Seattle from 2010 to…

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Facebook shares drop despite reporting outstanding quarterly results

Facebook

Facebook (NASDAQ: FB) reported outstanding first quarter financial results, but its shares fell instead of going up during the extended trading hours on Wednesday. The social network giant’s stock declined 2.5% to $148.01 per share—a sign that investors are concerned about the company’s financial performance in the future. During the first three months of the year, Facebook generated earnings of $1.04 per share, up 7% from $0.60 per share in the year-ago quarter. Its revenue rose 49% from $5.38 billion to $8.03 billion. The social network giant exceeded the $0.87…

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