logo
US Senator investigates GSK for pulling children's asthma inhaler

US Senator investigates GSK for pulling children's asthma inhaler

Reuters4 hours ago

WASHINGTON, June 27 (Reuters) - Democratic U.S. Senator Maggie Hassan said on Friday she is launching an investigation into British pharmaceutical giant GlaxoSmithKline's (GSK.L), opens new tab decision to discontinue a widely used asthma inhaler for children.
In letters sent on Friday to GSK and its authorized generic distributor, Prasco Laboratories, and seen by Reuters, Hassan said the decision to remove Flovent HFA from the market in January 2024 had contributed to a spike in hospitalizations and deaths linked to asthma complications.
She demanded documents detailing the rationale behind the decision, and its financial and health impacts.
Hassan, the top Democrat on the Senate Finance Committee's Health Care Subcommittee, called on GSK to restore the inhaler to market. She also requested internal pricing documents, rebate data, and communications with regulators by July 18.
She accused GSK of evading rebate obligations to Medicaid, which provides health coverage to 71 million low-income people and is one of the biggest U.S. safety-net programs. In addition, GSK's decision to replace the brand-name inhaler with a higher-cost authorized generic had lowered access for low-income patients, Hassan said.
"Children across the country have faced life-threatening medical challenges and families have grappled with more expensive or less effective alternative medications — when these options are available at all," Hassan wrote in her letter.
GSK told Hassan in response to an earlier letter she sent in May last year that Prasco controls pricing of the generic. Hassan said both companies failed to ensure affordability of the treatment, contributing to delays or denials of insurance coverage.
Hassan cited a Johns Hopkins analysis which found that GSK's move saved the company $367 million in 2024 Medicaid rebates, while costing the program over $550 million. Parents reported paying up to $150 per inhaler for the generic, compared to $10 for Flovent.
GSK said last year it would cap out-of-pocket costs for all its inhaled asthma and chronic lung disease medicines at $35 per month for eligible patients in the United States starting January 2025, following similar moves by its rivals.
The announcement came after lawmakers criticized manufacturers over high prices, and launched an investigation, opens new tab to look into the prices at which these were sold in the U.S. versus other countries.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EXCLUSIVE Mystery of 5,000-year-old ancient Egyptian relics made using 'lost advanced technology'
EXCLUSIVE Mystery of 5,000-year-old ancient Egyptian relics made using 'lost advanced technology'

Daily Mail​

time25 minutes ago

  • Daily Mail​

EXCLUSIVE Mystery of 5,000-year-old ancient Egyptian relics made using 'lost advanced technology'

A Florida billionaire has unveiled a private collection of ancient Egyptian vases he believes could rewrite history. Matt Beall, CEO of the retail giant Bealls Stores, has spent the last three years acquiring 85 hard-stone vessels carved from a range of stones, including granite, limestone and quartz. Many date back more than 5,000 years, but they feature a level of precision, symmetry, and detail that he says rivals modern machine work. The vases, carved from single blocks of hard stones, feature intricately shaped handles, finely hollowed interiors and bases accurate to thousandths of an inch. 'The explanation is that stone and copper chisels were used, that's absolutely ridiculous,' Beall said at the Cosmic Summit, a conference on alternative history held in North Carolina. 'There was certainly a lathe involved. But the tools needed to make these things aren't in the archaeological record.' He has spent countless hours scouring auction sites and antiquities dealers, acquiring pieces he believes hold the key to a lost technology. He has also teamed up with engineers and researchers to probe the mystery behind the vases' construction. However, Beall's claims challenge traditional views of Egyptian craftsmanship and have sparked debate among scholars. While experts admire the ancient stonework, they say there's no proof of lathes or advanced lost tools. Over 40,000 similar vases have been recovered from sites like the Step Pyramid of Djoser, and many are dated to before 2800 BC. Despite their age, many exhibit surprising symmetry and fine detailing. They are among the oldest artifacts of ancient Egypt, with some dating back over 6,000 years to the Predynastic period, which spanned from 4000 to 3000BC. The earliest examples were found in graves, where they were likely used in religious or funerary rituals. By the time of Egypt's First Dynasty, around 3100BC, stone vases had become widespread and increasingly sophisticated, used to hold oils, perfumes or offerings, and were often buried with the dead. Beall's controversial theory builds on observations made as far back as 1883, when famed British archaeologist Flinders Petrie discovered a trove of goods, noting signs that some vases may have been turned on lathes. 'The curves of vases are so regular, and the polish so fine, that it seems as if some mechanical means, such as a rotating appliance, must have been employed,' Petrie wrote in his studies. While some archaeologists argue that such precision can be explained by highly skilled manual craftsmanship, refined over generations, Beall has put his money and time on Petrie's side. 'We know they were made before the third dynasty, so they could go way back to before the Younger Dryas,' said Beall, who is the host of the Matt Beall Limitless podcast. The Younger Dryas is a controversial period proposed to have ended around 11,600 BC. While not widely accepted by mainstream scholars, some fringe researchers have linked it to a cataclysmic event that may have wiped out a forgotten advanced civilization, possibly the makers of these vases. Beall has been working with the Artifact Research Foundation, a team of meteorologists and engineers who specialize in ancient technologies. Together, they have used structured-light scanning, a method that projects light patterns to create highly accurate 3D models, on around 30 of the vases. CT scans have been performed on 35, offering a deeper look at their internal structure and uniformity. Beall pointed to CT scans of a thin granite vase, which revealed that both the top and sides are nearly perfectly round, with variations of less than one-thousandth of an inch, a level of accuracy rarely seen in ancient artifacts. A separate study of 22 vases by Dr Max Fomitchev-Zamilov, a computer scientist from the Moscow Institute of Electronic Technology, uncovered shape errors as small as 15 microns, making them up to 10 times more precise than vases carved using modern machinery. Dr Fomitchev-Zamilov also noted that many of the vases appeared to be perfectly centered, suggesting a highly controlled method for aligning and rotating the stone during carving, which is typically associated with machine tools like lathes. However, the findings have not yet been peer-reviewed, and the researchers acknowledge the need for independent academic verification. Some of the vases have openings that are smaller than a human finger, baffling experts on how ancient people made a small, precise hole and then removed all the material inside thousands of years ago. Some of the vases have openings that are smaller than a human finger, baffling experts on how ancient people made a small, precise hole and then removed all the material inside thousands of years ago 'Interior tool marks are present on most, if not all, of these artifacts, which is pretty fascinating,' Beall said. 'It's strong evidence of lathe use. You just don't get those fine, precise lines inside these objects unless they're being cut with a very sharp tool. 'Now, whether that tool was diamond-tipped or something else, we don't know. But these are some of the hardest stones on Earth. 'And to think those lines, these aren't spiral grooves, by the way, they're horizontal lines, cleanly cutting across the stone. So yes, we do see tool marks inside the material, but so far, no physical tool remnants have been found within the cuts.'

My Costco hack meant I got new tires installed on my car for free
My Costco hack meant I got new tires installed on my car for free

Daily Mail​

time25 minutes ago

  • Daily Mail​

My Costco hack meant I got new tires installed on my car for free

A woman on says she saved more than $100 at Discount Tire — just by mentioning she had a Costco membership. The customer, who goes by Pie & Prayer on TikTok, explained in a viral video that she overheard an employee offer another couple a waived installation fee after they debated going to Costco for tires instead. The employee said, 'Well, Costco waives the installation fee, so we'll match that.' So Pie & Prayer decided to test it for herself. 'When I got to the counter, I said, 'I heard what you said to the other couple, and I have a Costco card.' She says the worker looked at her card and waived the fee. While Discount Tire hasn't confirmed the average cost of its installation fee, Reddit users and other tire shoppers report it typically runs over $100. Costco members who aren't interested the chain's auto centers can visit one of its gas stations if they purchase memberships starting at $65 a year. The stations, a popular perk, recently extended its operating hours. Discount Tire offers over 60 tire brands for all types of vehicles, including cars, trailers, and ATVs Discount Tire is the largest independent tire and wheel retailer US, operating over 1,200 locations across 37 states. The chain offers over 60 tire brands for all types of vehicles, including cars, trailers, and ATVs. Nearly all Costco stores have tire centers available for all its members needing installation and maintenance services. Some will be built in the chain's newest stores, one being in its recently opened location in Stuart, Florida. The perk has attracted new members, but unlike Discount Tire, its employees cannot install tires on every vehicle type, and it will only install Costco-purchased tires. When it comes to the two stores, multiple Reddit users stated they would visit Discount Tire over Costco any day for a tire change. 'I was tired of long lines at Costco and having to drive few miles and wait at the warehouse for an hour or two to complete the tire installation or seasonal swap,' a post creator wrote. 'I never used DT before and decided to bite the bullet. Everything was completed in 15-20 minutes! Having seen only Costco install/swap tires, this is a record time.' 'The tire center at Costco makes for good reading on many issues and complaints posted here but a total waste of time compared to DT,' another person responded. Discount Tire is the largest independent tire and wheel retailer US, operating over 1,200 locations Drivers who are willing to take the Costco risk can visit any of the chain's auto centers. They can also stop by a Walmart auto care center, which offers services like tire installation, battery testing, and oil changes. Besides its plans to hike prices and roll out AI-powered 'Scan & Go' technology, Sam's Club has tire and repair centers that gives customers access to 24-hour roadside assistance. Shoppers can become Sam's Club members online or in store, and watch out for limited-time membership price slashes. Various other chains have also gotten positive reviews, including Advance Auto, which is in the process of shuttering over 700 locations.

Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago
Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago

The Independent

time29 minutes ago

  • The Independent

Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago

The latest sign of trouble in the U.S. housing market: A pickup in home purchase agreements falling through before they're finalized. Some 6% of pending contracts to buy a home were canceled in May, down from 7% in April, but up from 5% in May last year, according to data from National Association of Realtors. May is the third consecutive month with an annual increase in pending home sales cancelations. A separate analysis of housing data by Redfin found that 14.6% of all pending sales in May fell out of contract, up from 14% in May last year, and the highest cancelation percentage for the month of May going back to at least 2017. The trend underscores how even home shoppers who manage to ink a deal with a seller can end up having to back out because of unexpected costs, changes in their credit, employment or financial status, or a low appraisal, among other reasons. 'Stock market fluctuations, restrained consumer confidence and broader economic and geopolitical uncertainties may be leading to higher-than-normal cancellations rates in recent months,' said Lawrence Yun, NAR's chief economist. The U.S. housing market remains in a sales slump going back to 2022, as elevated mortgage rates and rising home prices nationally keep pushing the cost of homeownership well beyond what many would-be homebuyers can afford. While sales of previously occupied U.S. homes in May remained at the slowest pace since 2009, pending U.S. home sales rose 1.8% from the previous month and increased 1.1% from May last year, NAR said Thursday. A home sale is listed as pending when the purchase contract has been signed but the transaction has not closed. There's usually a month or two lag between a contract signing and when the sale is finalized, which makes pending home sales a bellwether for future completed home sales. A snapshot by Redfin of pending U.S. home sales for the four weeks that ended June 22, shows they fell 2.3% from a year earlier, the biggest drop in three months. Economists at mortgage buyer Fannie Mae revised their outlook for existing U.S. home sales this week, citing expectations that the average rate on a 30-year mortgage will end this year at 6.5%. Fannie Mae now expects existing U.S. home sales will rise 2% this year to 4.14 million. The economists' previously forecast the sale of 4.24 million homes. Still, they project home sales will jump 9.5% in 2026 on the back of mortgage rates easing to 6.1%.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store