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Bristol Myers to Acquire the Drugmaker Karuna for Billion

24Dec

By Kyle C. GarrisonNo Comments

Health

Bristol Myers to Acquire the Drugmaker Karuna for $14 Billion

Bristol Myers Squibb, the global pharmaceutical giant, said on Friday that it would acquire Karuna Therapeutics, which makes drugs to treat schizophrenia and Alzheimer’s, in an all-cash deal valued at $14 billion as it looks to strengthen its pipeline of neuroscience drugs.Bristol Myers said in a statement that it would pay $330 per share in cash, a premium of roughly 53 percent to Karuna’s share price on Thursday.An increasing prevalence of schizophrenia, driven in part by an aging population, has led to a push to make more drugs to treat it. The market for such therapies is estimated to grow to $12.6 billion by 2032, according to the research firm Market.Us. Earlier this month, the biomedical company AbbVie bought Cerevel Therapeutics, which develops drugs to treat psychiatric and neurol...

No Hit League? The ‘lost art’ of body checking in the NHL

23Dec

By Kyle C. GarrisonNo Comments

Sports

No Hit League? The ‘lost art’ of body checking in the NHL

Seventeen years and more than 1,200 games ago, Andrew Cogliano remembers how difficult it was to traverse the state of California.The Los Angeles Kings, Anaheim Ducks and San Jose Sharks were three of the biggest, heaviest teams in the league. If you had to play all three in succession? Well, good luck. Not only were those teams willing to play a punishing brand of hockey, but they were all highly skilled and generally successful, too.After a few years in Edmonton where he broke into the league, Cogliano was dealt to the Ducks as a free agent in the summer of 2011 and was part of a team that qualified for the playoffs in six straight seasons from 2012-13 through 2017-18. Those California road trips became regular intrastate battles. And they were vicious.“My first couple years in Anaheim, ...

Apple Explores A.I. Deals With News Publishers

23Dec

By Kyle C. GarrisonNo Comments

Technology

Apple Explores A.I. Deals With News Publishers

Apple has opened negotiations in recent weeks with major news and publishing organizations, seeking permission to use their material in the company’s development of generative artificial intelligence systems, according to four people familiar with the discussions.The technology giant has floated multiyear deals worth at least $50 million to license the archives of news articles, said the people with knowledge of talks, who spoke on the condition of anonymity to discuss sensitive negotiations. The news organizations contacted by Apple include Condé Nast, publisher of Vogue and The New Yorker; NBC News; and IAC, which owns People, The Daily Beast and Better Homes and Gardens.The negotiations mark one of the earliest examples of how Apple is trying to catch up to rivals in the race to develop...

Substack Says It Will Not Ban Nazis or Extremist Speech

23Dec

By Kyle C. GarrisonNo Comments

Business

Substack Says It Will Not Ban Nazis or Extremist Speech

Under pressure from critics who say Substack is profiting from newsletters that promote hate speech and racism, the company’s founders said Thursday that they would not ban Nazi symbols and extremist rhetoric from the platform.“I just want to make it clear that we don’t like Nazis either — we wish no one held those views,” Hamish McKenzie, a co-founder of Substack, said in a statement. “But some people do hold those and other extreme views. Given that, we don’t think that censorship (including through demonetizing publications) makes the problem go away — in fact, it makes it worse.”The response came weeks after The Atlantic found that at least 16 Substack newsletters had “overt Nazi symbols” in their logos or graphics, and that white supremacists had been allowed to publish on, and profit...

Gaza Death Toll Nears 20,000 During Israel-Hamas War

22Dec

By Kyle C. GarrisonNo Comments

Gaza Death Toll Nears 20,000 During Israel-Hamas War

That estimate comes from an analysis of police and hospital records compiled in 1982 by the newspaper An Nahar, which at the time was among the Arab world’s most respected. It put the death toll at 17,825. But the paper said that tally was most likely an undercount, and in 1982, The Times reported that “numbering the dead correctly is virtually impossible” in Lebanon.In the 1967 Middle East war, nearly 19,000 Egyptians, Syrians and others were estimated to have been killed fighting Israel, while a similar number — mostly Syrians and Egyptians — died in the 1973 war, according to The Associated Press. As in the Gaza and Lebanon wars, the exact tolls for these wars are also not known, but most of the dead were believed to be combatants.In contrast, the Gaza Health Ministry, which is part of ...

Americans Are Signing Up for Obamacare in Record Numbers

22Dec

By Kyle C. GarrisonNo Comments

Health

Americans Are Signing Up for Obamacare in Record Numbers

Why It Matters: The Affordable Care Act is expanding its reach.Despite a recent warning from former President Donald J. Trump, the front-runner in the race for the 2024 Republican presidential nomination, that he was “seriously looking at alternatives” to the Affordable Care Act, the latest surge in marketplace enrollment is a testament to the law’s enduring power.Legislation passed earlier in the Covid-19 pandemic increased federal subsidies for people buying plans, lowering the costs for many Americans. The Biden administration also lengthened the sign-up period and increased advertising for the program and funding for so-called navigators who help people enroll.“More and more people are realizing they can come onto the marketplace,” said Cynthia Cox, the director of the Program on the A...

Football conspiracy theories: Are we in a ‘golden age’ of fan paranoia?

22Dec

By Kyle C. GarrisonNo Comments

Sports

Football conspiracy theories: Are we in a ‘golden age’ of fan paranoia?

One of the most eye-catching bios on X, or Twitter as we all know it, belonged to a sports writer with one of the UK’s biggest national newspapers. It was plain and simple and boiled down to five words: “Biased against your football club.”Which is true. If you’ve followed football for any length of time, then you know that every arm of the media is out to get the club you support. You should see The Athletic’s morning meetings where we plot against the teams we most want to stitch up (all of them, obviously). Just because you’re paranoid doesn’t mean we aren’t trying to get Mikel Arteta banned from the touchline. Or perpetuating bias in favour of London. Or scheming for more points deductions at Everton. It’s All the President’s Men meets 24.Truthfully, more attention is paid to the subsid...

New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea

22Dec

By Kyle C. GarrisonNo Comments

Technology

New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea

A man involved in a brazen plot to manipulate the stock price of a New Jersey deli’s parent company pleaded guilty to securities fraud on Wednesday.James T. Patten, 64, of North Carolina, admitted to orchestrating a series of misleading trades in an apparent bid to enrich himself and two co-defendants in U.S. District Court in Camden, N.J.Mr. Patten faces up to 20 years in prison and a fine of up to $5 million for securities fraud. He also pleaded guilty to a charge of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison and a fine of up to $250,000.Mr. Patten’s lawyer, Ira Lee Sorkin, said in an interview on Wednesday that attention on the case “was exaggerated beyond any perception — that this was some $100 million fraud involving a delicatessen...

U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up

22Dec

By Kyle C. GarrisonNo Comments

Business

U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up

The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies about using the funds to aid Ukraine’s war effort at a moment when financial support is waning, according to senior American and European officials.Until recently, Treasury Secretary Janet L. Yellen had argued that without action by Congress, seizing the funds was “not something that is legally permissible in the United States.” There has also been concern among some top American officials that nations around the world would hesitate to keep their funds at the New York Federal Reserve, or in dollars, if the United States established a precedent for seizing the money.But the administration, in coo...

Migrants Crossing the Darién Gap Find Success on Social Media

20Dec

By Kyle C. GarrisonNo Comments

Migrants Crossing the Darién Gap Find Success on Social Media

Much of the content about the Darién and the rest of the journey is aspirational, featuring everyday people overcoming great odds, sometimes accompanied by religious music. One TikTok video of a disabled person making his way through the jungle on the back of another man has more than 10,000 comments.Even a Darién parody subgenre has emerged, built on a long tradition of using humor to confront tragedy. A video featuring a fake Hugo Chávez, the father of Venezuela’s socialist revolution, migrating through the Darién has been shared more than 23,000 times.In it, Fake Chávez curses his successor, President Nicolás Maduro, who has held onto power for the last decade. The bit carries the hashtag #hunger #corruption and #fear.Facebook and TikTok are also flooded with the faces of people who hav...