source Reuters Mallinckrodt Pharmaceuticals’ blockbuster drug Acthar has been one of the biggest drug-related expenses for the government’s Medicare program. In 2015 alone Medicare spent $500 million on it. The drug is primarily indicated to treat infantile spasms. Medicare is a program for the elderly. One whistleblower claims that Mallinckrodt has engaged in an elaborate scheme to push the drug on payers, and hide the fact that no one at the company actually knows what’s in it. What’s more, says the whistleblower, Mallinckrodt couldn’t have done it without the help of the biggest pharmacy benefit manager in the country. Mallinckrodt said in a statement: “The company vehemently disagrees with the allegations made in the complaint and intends to vigorously defend itself in this matter.” What if I told you that … [Read more...] about ‘There’s other s— in the vial’: Bombshell lawsuit claims no one knows exactly what’s in a drug that’s cost the government over $1 billion
1 billion how much million
All 30 Steven Spielberg movies, ranked by how much money they made at the US box office
source DreamWorks It’s hard to argue with filmmaker Steven Spielberg’s impact on cinema. His films span decades and genres, from sci-fi classics to historical dramas. It’s fitting that his upcoming film, “Ready Player One,” deals with so much nostalgia. Spielberg is responsible for many of our greatest films, from “E.T. the Extra-Terrestrial” to “Raiders of the Lost Ark.” But which ones performed the best at the box office? We looked back on the prolific director’s filmography, and ranked all of his films based on their domestic box office gross, adjusted for inflation (via Box Office Mojo). Below is every Steven Spielberg film ranked based on adjusted domestic box office: 30. “The Sugarland Express” (1974) source Universal Pictures Domestic gross: $7.5 million Adjusted for inflation: $37.7 million 29. “Empire of the Sun” (1987) source … [Read more...] about All 30 Steven Spielberg movies, ranked by how much money they made at the US box office
Jeff Bezos made an average of $107 million per day last year — here’s how much the richest people in the world earned every 24 hours
caption Jeff Bezos is in a league of his own. source Danny Moloshok/Reuters Amazon CEO Jeff Bezos’ net worth increased by nearly $40 billion in 2017 – the most of any billionaire, according to Forbes. When you break it down, Bezos raked in over $107 million per day in 2017. Mark Zuckerberg, Bernard Arnault, and Carlos Slim were the biggest earners behind Bezos in 2017. Several of the world’s richest people saw their wealth balloon by billions last year, but none more than Amazon CEO Jeff Bezos. Bezos net worth grew by $39.2 billion in 2017 – “the biggest single-year increase on the Billionaires List this century.” That’s according to Forbes’ 2017 and 2018 richest people in the world lists, which Business Insider used to calculate the daily increase in net worth of the richest people in the world. We simply found the difference between their 2017 and 2018 … [Read more...] about Jeff Bezos made an average of $107 million per day last year — here’s how much the richest people in the world earned every 24 hours
A developer built a Facebook app as a ‘thought experiment’ to see how much data people would give up — and got almost 1 million users
caption Facebook CEO Mark Zuckerberg. source Justin Sullivan/Getty Images Facebook is in trouble over the way political research firm Cambridge Analytica allegedly harvested 50 million user profiles illegitimately. The issue dates back to when Facebook allowed almost unfettered access to user information when it opened up its platform to third-party developers. One developer foresaw the implications of this ability to harvest data back in 2008 and built an app to see how easily people would give access to their Facebook profiles. Facebook has tightened up its privacy policies but users are still angry the company didn’t police use of its data more thoroughly. Facebook has had $60.5 billion (£43.1 billion) wiped off its market cap since Friday, thanks to revelations that political research firm Cambridge Analytica illegitimately accessed user data through its platform. … [Read more...] about A developer built a Facebook app as a ‘thought experiment’ to see how much data people would give up — and got almost 1 million users
Pepsi is investing in a $1 billion part of its business to avoid the retail apocalypse that wrecked Sears and Macy’s
PepsiCo announced Tuesday it is reinvesting some of the millions of dollars it is saving under the new GOP tax plan in e-commerce. E-commerce already accounts for roughly $1 billion in Pepsi’s annual retail sales. Analysts have said that Coca-Cola and Pepsi haven’t braced for e-commerce’s impact, with one calling out beverage giants for their “antiquated” approach. PepsiCo is investing in e-commerce to avoid the downward spiral that is dooming retailers like Sears and Macy’s. On Tuesday, the beverage and snack industry giant announced it is investing some of its savings from the new GOP tax plan in its e-commerce business, as well as in digital skills and brand marketing. “We have seen the benefit of investing in capabilities such as e-commerce, a business that is now approximately $1 billion in annualized retail sales for us, with a long runway for continued … [Read more...] about Pepsi is investing in a $1 billion part of its business to avoid the retail apocalypse that wrecked Sears and Macy’s