Category: Formula
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Abbott Labs falls after jury awards plaintiff $495M in damages in baby formula case
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LPETT Update at 8:10 PM: Damage update, adds Abbott’s comment. Abbott Laboratories (New York:ABT) decreased by 5% In after-hours trading after a St. Louis jury awarded a plaintiff $495 million in damages and penalties over allegations that the company’s infant formula caused A potentially fatal bowel disease. Margo Gill, an…
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Reckitt’s baby formula sales to take hit after tornado destroys warehouse By Reuters
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Written by Richa Naidu and Yadarisa Shabong Reckitt Plc said Wednesday that short-term sales of some of its Mead Johnson infant formula products are likely to be affected after a tornado hit a third-party warehouse in Indiana, causing extensive damage. The Mount Vernon warehouse, which is currently out of operation…
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Formula 1’s Selective Morality: The Flavio Briatore Paradox
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When Flavio Briatore was fired from Formula 1 in 2009 for his role in the notorious “Crashgate” scandal, it seemed as if a clear message had been sent: the sport would not tolerate actions that threatened the safety and integrity of its competitions. Briatore’s orchestration of Nelson Piquet Jr.’s deliberate…
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Formula 1 wants Monaco to shell out more to host opulent Grand Prix
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Liberty Media Corp, which owns the Formula 1 racing business, is seeking additional funds from the Principality of Monaco as part of advanced talks to reach a new contract to extend the historic motor race beyond 2025. Monaco pays about $20 million annually to host the event, the lowest total…
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Doctor’s sign return-to-work formula, ending 56-day national work boycott
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The government and the Kenya Pharmacists and Dentists Union (KMPDU) have signed a return-to-work formula, ending the 56-day nationwide doctors’ strike. Speaking during the signing on Wednesday night, KMPDU Chairman, Abidan Mwashi, expressed disappointment that the two parties failed to reach an agreement on the recruitment and payment of trainees.…