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“DePuy Synthes remains committed to meeting the current and future needs of orthopedic surgeons and patients,” the company said. The states claimed J&J made misleading claims about the longevity of its metal-on-metal hip implants, with patients frequently having to undergo a revision surgery before the company’s advertised timeframe of five years. Under Tuesday’s settlement agreement, DePuy is required to maintain a post-market surveillance program and update procedures to track complaints over the hip implants, according to a statement by New York Attorney General Letitia James.
DePuy in swank cufflinks green stone 2010 announced a worldwide voluntary recall of 93,000 of its ASR hip implant systems, saying that 12 percent of them failed within five years, Saying it would pay at least $2.47 billion, the company has since settled thousands of lawsuits by patients who had to have the ASR implant removed, In 2013, DePuy ceased selling the Pinnacle devices after the U.S, Food and Drug Administration strengthened its artificial hip regulations, Metal-on-metal hip implants have also come under scrutiny over allegations that the products cause a build-up of metal ions in the blood, causing groin pain, allergic reactions, bone erosion and tissue death..
(Reuters) - Viacom Inc (VIAB.O) said on Tuesday it will buy Pluto TV, a free video streaming TV service, for $340 million in cash to expand its advanced advertising business. The owner of MTV Networks and Nickelodeon sees the purchase of the six-year-old company as another way to build a so-called direct-to-consumer business, Viacom said, while avoiding the capital intensive task of competing directly against subscription video services owned or to be built by Netflix Inc(NFLX.O), Walt Disney Co (DIS.N) and AT&T Inc’s (T.N) WarnerMedia.
Viacom’s moves reflect a rekindled interest in advertising supported digital media kicked off by Roku, a device maker that helped viewers stream online videos on TVs that was spun off from Netflix, Amazon has also launched a free TV service recently, Pluto TV claims 12 million monthly active users and licenses programming from 130 film and TV partners, including Viacom, It is available on devices swank cufflinks green stone made by Roku Inc(ROKU.O) , Amazon.com Inc(AMZN.O), Sony Corp(6758.T) and Apple Inc(AAPL.O), The app is also available on smart televisions from Samsung(005930.KS) and Vizio..
NEW YORK (Reuters) - BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for “socially responsible” investments, a filing with U.S. market regulators showed on Tuesday. The world’s largest fund manager told the U.S. Securities and Exchange Commission that it wants to launch a money-market fund that will invest primarily in debt from issuers who have better-than-average environmental practices. BlackRock, which oversees nearly $6 trillion in assets, also planned to commit 5 percent of the net revenue from its management fee on the BlackRock Liquid Environmentally Aware Fund, or LEAF, to purchase carbon offsets. Money from carbon offsets generally funds projects that reduce emissions, such as planting trees or trapping methane emissions from waste dumps in developing countries.
Money-market funds invest in relatively safe short-term government or high-quality corporate-issued debt, Companies and investors treat the funds like cash and expect them to hold their value, earn income and be available at a moment’s notice, It is rare for environmental factors to be taken into account as part of the investment strategy, In a statement, BlackRock said it would also make an annual payment to help the World Wildlife Fund, a conservation group, BlackRock Chief Executive Larry Fink has been under increasing pressure by activist groups to address the perceived social and environmental shortcomings swank cufflinks green stone of companies held by his funds..
Because the company’s most popular products are index funds that hold broad swaths of the market, BlackRock has a significant stake in publicly traded companies worldwide that draw ire from investors, including alcohol, tobacco and weapons manufacturers as well as fossil-fuel companies. BlackRock also has a pivotal shareholder vote in corporate-governance matters involving those companies. Last week, a hoax letter purporting to be from Fink claimed the fund manager would require companies it owns to align their businesses with measures to counter climate change. An advocacy group took credit for the fake letter.
BlackRock has not asked companies to meet specific environmental standards, saying its role is not to make political judgments on its clients’ behalf, But it has pressed oil-and-gas companies including Exxon Mobil Corp to provide more information about how environmental regulations and related issues could affect their bottom lines, The asset manager has also unveiled new products for people focused on environmental goals, In 2017, the company swank cufflinks green stone hired Brian Deese, a former Obama administration official who helped negotiate the Paris agreement on climate change, to run its sustainable investing group..