Latest Production facilities News
California, drugmaker partner to produce affordable insulin
DOWNEY, Calif. (AP) — The state of California and a generic drug manufacturer announced a 10-year partnership Saturday to produce affordable, state-branded insulin that they hope will rival longtime producers and push down prices for a medication used by millions of Americans. The...
T-Mobile acquires Mint, partially owned by Ryan Reynolds
Mint Mobile, partly owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth as much as $1.35 billion. T-Mobile's purchase of Ka’ena Corp. will give it access the budget wireless provider Mint, along with Ultra Mobile and wholesaler Plum....
Novo Nordisk plans price cuts for several insulins
Another major insulin maker has promised steep price cuts, as pressure grows on drugmakers and insurers to trim the cost of a medication that millions of Americans need. Novo Nordisk said Tuesday that it will slash some of its U.S. insulin prices up to 75% starting next year. The...
German department store chain to shut 40% of its outlets
BERLIN (AP) — Germany's last major department store chain announced Monday that it plans to close two-fifths of its branches, months after it filed for insolvency protection for the second time in less than three years. The long-troubled Galeria Karstadt Kaufhof plans to shut 52 of...
Pfizer buys Seagen for $43B, boosts access to cancer drugs
Pfizer is spending about $43 billion to reach deeper into new cancer treatments that target tumor cells while sparing surrounding healthy tissue. The pharmaceutical giant said Monday it will pay $229 in cash for each share of Seagen Inc. Pfizer then plans to let the biotech drug...
Households cash-strapped, what it’s like at a pawnshop
LARGO, Fla. (AP) — Inflation, no inflation, recession, stimulus, pandemic, whatever may come: “In here it always stays the same,” said Tim’s Trading Post & Pawn team member Rita Casillas. “There are always people who need cash and have nowhere else to go.” Stepping...
As bourbon booms, thirst for rare brands breeds skullduggery
SALEM, Ore. (AP) — Buttery, smooth, oaky. These are characteristics of the best bourbons, and a growing cult of aficionados is willing to pay hundreds or even thousands of dollars to get their hands on scarce American spirits — and even bend or break laws. The first challenge is...
Adidas wonders what to do with Yeezy shoes after Ye split
FRANKFURT, Germany (AP) — Adidas is still wrestling with how to dispose of 1.2 billion euros ($1.3 billion) worth of Yeezy shoes after its breakup with the rapper formerly known as Kanye West, forcing the German sportswear maker into a big loss at the end of last year and expectations of more...
Lego posts boost in profit, sales as it raised some prices
COPENHAGEN, Denmark (AP) — Lego said Tuesday that profits increased by 5% in 2022 from a year earlier and sales rose even as it raised prices on higher-ticket toys. The Danish toy company said net profit rose to 13.8 billion kroner ($2 billion) from 13.3 billion kroner. Sales were...
Governor launches supply chain initiative for Kentucky
FRANKFORT, Ky. (AP) — Gov. Andy Beshear launched a supply chain initiative Monday aimed at creating a more interconnected Kentucky economy by matching the state's manufacturers and suppliers. The goal of “Supply Kentucky” is to bolster job growth, reduce manufacturing costs and...
