Appeals court orders new trial in insider trading case
The 2nd U.S. Circuit Court of Appeals overturned James McDermott Jr.'s conviction for insider trading tied to bank stocks and an affair with Kathryn Gannon known as Marilyn Star. McDermott, 49, of Briarcliff Manor, is not liable for Pomponio’s trades and warrants a new trial. Gannon and Pomponio allegedly profited around 170000 dollars.
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Wall Street
U.S. Circuit Court of Appeals
James McDermott Jr
McDermott
Briarcliff Manor
Kathryn Gannon
Gannon
Marylin
New Jersey
Anthony Pomponio
Pomponio
Weight-loss drug target in mice could curb obesity in humans
Baylor College of Medicine researchers blocked the ACC2 gene in mice, allowing them to eat 40 percent more yet stay 10 to 15 percent lighter. They aim to develop a pill to block ACC2 secretion, with human trials possible within five years, amid a push to combat rising obesity.
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Washington
Baylor College of Medicine
Houston
Salih Wakil
Biochemistry
Baylor
Science
Wakil
United States
Centers For Disease Control
No conspiracy found in gasoline price spike
The Federal Trade Commission concludes no evidence of collusion or antitrust violations in last summer’s Midwest gasoline price surge. Independent choices by market participants and broader factors raised prices above $2 a gallon in Chicago Milwaukee and Detroit, while some refiners delayed shipments and shifts to a cleaner reformulated blend contributed to shortages and higher costs.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
Midwest
Herbert Kohl
D-Wis
Federal Environmental Protection Agency
Chicago
Milwaukee
Detroit
Rickets comeback blamed on sunlight and diet shifts
Health officials report a return of rickets a bone softening disease once rare after vitamin D fortification of milk. Officials cite reduced sun exposure and widespread use of milk substitutes along with inadequate vitamin D supplementation as key factors in the nationwide resurgence.
Drug Raplon pulled after five linked deaths
Raplon, a muscle relaxant used before throat intubation, was withdrawn by Organon Inc. after the discovery of five deaths. The FDA had warned of rare airway spasms during approval, with 3.2 percent risk in studies. The second story notes three polio strains near eradication, with Type 2 polio not reported since 1999, yet outbreaks persist in parts of Asia, Africa, and the Mediterranean.
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Organon Inc
FDA
World Health Organization
India
Americas
Europe
Southeast Asia
Africa
Mediterranean
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