Tag Archives: HUD

Financial Daily Dose 8.7.2019 | Top Story: Novartis Hid Altered Drug Test Data From FDA

BY: Michael D. Reif | August 7, 2019

A new report out Tuesday from the Food & Drug Administration reveals that drug maker Novartis “concealed manipulated data” from the agency “while applying for approval of an extremely expensive gene therapy treatment and then delayed reporting the issue.” Still, the FDA is keeping Zolgensma, the drug in question, on the market – NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 26, 2017

A government audit report out yesterday accuses the US Dep’t of Housing and Urban Development of selling more than 100k distressed mortgages over a 7 year period to PE firms and hedge funds without following the proper rules for setting up the program – NYTimes Some welcome good news for Greece, which after well-documented economic … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | May 18, 2016

Lending Club week continues here on the Brief, where the Deal Professor tries to take the good (disrupting the traditional banking system and opening up new paths of credit for consumers) with the bad (yet another billion-dollar-valued start-up now fighting for its life) – NYTimes There’s the small matter of this stock-drop class action, too … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 22, 2015

In a sea of recent megamergers, here’s a prominent “no thank you,” as Cigna this weekend rejected a $47 billion overture from rival Anthem health insurance – NYTimes and WSJ and Bloomberg Meanwhile, French-based Altice—rumored to be in the market for TimeWarner cable just months ago—is looking to firm up its mobile dominance in France … Continue reading