Financial News

Michael Glenn Hitt
November 20, 2019
AP-NC Newswatch
November 20, 2019
Financial News

 

 

 

Shares retreat in Europe and Asia … Are the Sacklers pushing OxyContin in China? … AMA calls for e-cigarette, vaping ban

 

BEIJING (AP) – Shares retreated in Europe and Asia today after the U.S. Senate passed a resolution supporting human rights in Hong Kong following months of increasingly violent protests. In early trading, Germany’s DAX lost 0.7%, the CAC 40 in France declined 0.7%, the FTSE 100 in Britain lost 0.7%. In Asia, Tokyo’s Nikkei closed down 0.6%, Hong Kong’s Hang Seng dropped 0.8% and the Shanghai Composite index declined 0.8%. Wall Street looked set to extend losses, with Dow futures down 0.4% and S&P 500 futures down 0.3%.

 

SHANGHAI (AP) – Interviews and documents obtained by The Associated Press show that Purdue Pharma’s international affiliate, Mundipharma, is pushing the highly-addictive and deadly OxyContin in China, with the same misleading claims that allegedly fed the deadliest drug abuse epidemic in U.S. history. In the United States Purdue Pharma and the Sackler family, which owns the company, are facing thousands of lawsuits over the opioid addiction.

 

UNDATED (AP) – The American Medical Association is calling for an immediate ban on all electronic cigarettes and vaping devices. The group adopted the sweeping stance Tuesday at a policy-making meeting in San Diego. It aims to lobby for laws, regulations or legal action to achieve a ban, but the industry is sure to fight back. The AMA cited the surge in teen e-cigarette use. The group also said the recent outbreak of lung illnesses linked to vaping shows how little is known about the health consequences.

 

WASHINGTON (AP) – U.S. government figures show that on average, Latinas in the United States are paid 54 cents for every dollar that a white, non-Hispanic male makes. That means it takes Latinas one year, 10 months and 20 days to match the yearly income of those male workers. A coalition of non-governmental organizations is marking the Latina Women’s Equal Pay Day on Wednesday, highlighting the day on the calendar when the average Latina, working both 2018 and 2019, matches the 2018 income by white men.

 

UNDATED (AP) – Amazon says it has considered adding facial recognition technology to its Ring doorbell cameras. The company is telling Congress that facial recognition is a “contemplated, but unreleased feature” of its home security cameras. U.S. Sen. Ed Markey wrote to Amazon CEO Jeff Bezos in September raising privacy and civil liberty concerns about Ring’s video-sharing partnerships with hundreds of police departments around the country. He released Amazon’s latest response Tuesday.

 

 

AP-WF-11-20-19 1141GMT