FTC, seven states seek contempt ruling against Shkreli over pharma ban
The U.S. Federal Trade Commission and seven state attorneys general asked a court to hold Martin Shkreli in contempt for allegedly violating his lifetime ban from the pharmaceutical industry. Shkreli, dubbed "Pharma Bro," was banned and ordered to pay $64.6 million after he raised the price of the antiparasitic drug Daraprim by more than 5,000%. If found in contempt, he could face further penalties for breaching the court-ordered ban.
Sources (2)
Related stories
RBA meets today ahead of cash rate decision and announcement
The Reserve Bank of Australia is meeting today before announcing its latest cash rate decision. The outcome is being watched for its impact on mortgages, inflation, and the Australian economy.
Assam home demolitions displace thousands in India
Homes have been bulldozed in India’s Assam state, forcing thousands of people to leave, Al Jazeera reports. The mass displacement raises concerns about housing rights and the impact on affected communities.
Russian strike on Ukrainian aid centre kills at least 26, Kyiv says
A Russian bombing of an aid centre in Ukraine killed at least 26 people, according to Kyiv. The strike hit civilians receiving assistance, highlighting the risks to humanitarian operations in the war and likely prompting international condemnation.
Intel stock slump deepens as $3.5T chip selloff spreads
Intel shares fell further as a broad semiconductor selloff spread across the chip sector, erasing about $3.5 trillion in market value. The rout signals growing investor concern about the industry’s outlook and could weigh on technology markets more widely.
European troops to rehearse Ukraine deployment in case of peace
Thousands of European troops will take part in exercises rehearsing a possible deployment to Ukraine if a peace agreement is reached, according to BBC World. The drills signal preparations for postwar security guarantees and could shape Europe’s role in supporting Ukraine after the war.