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Australia's IVF industry shaken after second Monash mistake

Australia's IVF industry shaken after second Monash mistake

Canada News.Net05-07-2025
MELBOURNE, Australia: A second embryo mix-up in just two months has pushed one of Australia's largest IVF providers back into the spotlight, prompting calls for stronger national oversight and raising fresh concerns among patients.
Monash IVF said a woman undergoing treatment at its Melbourne clinic was mistakenly implanted with her embryo instead of one created with her partner's sperm, as intended. The incident occurred on June 5 and is now being investigated by regulators.
The company said it was supporting the unidentified couple but did not elaborate on how the mistake was discovered or what the couple planned to do next. "The patient's embryo was mistakenly implanted under a treatment plan which called for an embryo from the patient's partner to be transferred," Monash IVF said in a statement.
The incident adds to the fallout from a separate case disclosed in April, in which a Brisbane woman gave birth to a stranger's child after an embryo mix-up in 2023. That case was widely reported as the first of its kind in Australia and shook public confidence in the sector.
"This mix-up, the second reported incident at Monash IVF, risks shaking confidence not just in one provider but across the entire fertility sector," said Hilary Bowman-Smart, a researcher and bioethicist at the University of South Australia.
Founded nearly 50 years ago, Monash IVF was behind the world's first IVF pregnancy and, according to industry figures, today, carries out nearly 25 percent of Australia's 100,000 assisted reproductive cycles annually.
The company's shares plunged 25 percent by midday on June 10, dragging them to just over half their value before the Brisbane incident. "We had thought the Brisbane clinic embryo transfer error was an isolated incident," said RBC Capital Markets analyst Craig Wong-Pan. "We believe there is now risk of a greater impact of reputational damage and market share losses to MVF's operations."
Monash IVF had already commissioned an independent investigation after the Brisbane case and said it would expand the inquiry's scope to include the new error. It has also begun installing additional interim safeguards around embryo verification.
The company reported the Melbourne incident to the Victorian Department of Health and the Reproductive Technology Accreditation Committee (RTAC), part of the Fertility Society of Australia.
Victorian Health Minister Mary-Anne Thomas said the department was investigating both the company and the incident. "Families should have confidence that the treatment they are receiving is done to the highest standard," she said. "It is clear Monash IVF has failed to deliver that, which is completely unacceptable."
Fertility Society president Petra Wale acknowledged the emotional toll on the couple involved but stressed that such mistakes remain rare. Society has repeated its call for nationally consistent laws around IVF.
Australia's IVF sector is currently overseen by a mix of state health departments and self-regulating industry bodies, a framework some experts say is overly complex.
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500 Global and UNDP Launch New Innovation Programs to Boost Africa's Ecosystem
500 Global and UNDP Launch New Innovation Programs to Boost Africa's Ecosystem

National Post

time28 minutes ago

  • National Post

500 Global and UNDP Launch New Innovation Programs to Boost Africa's Ecosystem

Article content The launch is the latest in a series of firm actions to reinforce support for Article content Article content NAIROBI, Kenya — 500 Global, one of the world's most active venture capital firms 1, today announced the launch of their first founder programs in Nairobi, in collaboration with the United Nations Development Programme (UNDP), to support the pan-African ecosystem 2. Article content Together, 500 Global and UNDP hope to provide African founders the insights and expertise to navigate the evolving global landscape and capitalize on opportunities to scale, by providing support, mentorship, as well as their global network of resources. Article content Nairobi will serve as host for three programs run by 500 Global in partnership with UNDP this year. The programs are co-designed to support startups at every stage—from early to growth—by offering tailored acceleration programs appropriate to each startup's level of maturity. 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He earned a small town's trust. He owed $95 million in what authorities say was a Ponzi scheme
He earned a small town's trust. He owed $95 million in what authorities say was a Ponzi scheme

Winnipeg Free Press

timea day ago

  • Winnipeg Free Press

He earned a small town's trust. He owed $95 million in what authorities say was a Ponzi scheme

HAMILTON, N.Y. (AP) — For decades, Miles 'Burt' Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village of Hamilton, down the road from Colgate University, Marshall prepared taxes and sold insurance. He also took money for what was sometimes called the '8% Fund,' which guaranteed that much in annual interest no matter what happened with the financial markets. His clients spread the word to family and friends. Have a retirement nest egg? Let Burt handle it. He'll invest it in local rental properties and your money will grow faster than in a bank. Marshall was friendly and folksy. He gave away gift bags with maple syrup, pickles and local honey in jars labeled with cute sayings like, 'Don't be a sap. For proper insurance coverage call Miles B. Marshall.' 'He would tell you about all the other people that invest. Churches invest. Fire companies invest. Doctors invest,' said one client, Christine Corrigan. 'So you'd think, 'Well, they're smart people. They wouldn't be doing this if it wasn't okay to do … Why are you going to be the suspicious one?' Then it all came crashing down. Marshall owed almost 1,000 people and organizations about $95 million in principal and interest when he filed for bankruptcy protection two years ago, according to the trustee's filings. This summer, the 73-year-old businessman was indicted on charges that his investment business was a Ponzi scheme. He could face prison time if convicted. Marshall's lawyers declined to comment. Total losses by Marshall's investors fall short of the multibillion-dollar Ponzi scheme masterminded by Bernie Madoff. But they loom large in the small, college town of about 6,400 people and its largely rural surrounding area. Many investors were Colgate professors, laborers, office workers or retirees. Some lost their life's savings of tens or hundreds of thousands of dollars. Corrigan and her husband, who own a restaurant 30 miles (48 kilometers) east, were owed about $1.5 million. Now they're wondering how someone who seemed so reliable, who held annual parties for his clients and even called them on their birthdays could betray their trust. 'You look at life differently after this happens. It's like, 'Who do you trust?'' said Dennis Sullivan, who was owed about $40,000. 'It's sad because of what he's done to the area.' A reliable local businessman Marshall and his wife lived in a brick Victorian, blocks from his office. Aside from insurance and tax preparation, he rented more than 100 properties and ran a self-storage business and a print shop. His parents had run an insurance and realty business in the area and the Marshall name was respected locally. Though he quit college, he was a federally enrolled tax professional. To many in the area, he seemed knowledgeable about money and kept a neat office. 'He had French doors and a beautiful carpet and a big desk and he just looked like he was prosperous and reliable,' Corrigan said. Marshall began taking money from people to buy and maintain rental properties in the 1980s. People got back promissory notes — slips of paper with the dollar amount written in. Withdrawals could be made with 30 days' notice. People could choose to receive regular interest payments. Participants saw the transactions as investments. Marshall has called them loans. For many years, Marshall made good on his promises to pay interest and process withdrawals. More people took part as word spread. Sullivan recalls how his parents gave Marshall money, then he did, then his fiancee, then his fiancee's daughter, then his son, and even his snowmobile club. 'Everybody gets snowballed into it,' Sullivan said. A number of investors lived in other states, but had connections to the area. The promise of 8% returns was unremarkable in the '80s, a time of higher interest rates. But it stood out later as rates dropped. Marshall told a bankruptcy proceeding that he assumed appreciation on his real estate would more than cover the debts. 'That's obviously false now,' he said, according to filings, 'but that's what I always thought.' Reckoning with more than $90 million in debt The money stopped flowing by 2023. Marshall filed for Chapter 11 bankruptcy protection that April, declaring more than $90 million in liabilities and $21.5 million in assets, most of it in real estate. He explained in a filing that he had been been hospitalized for a 'serious heart condition' that required two surgeries, costing him $600,000. As news of his illness spread, there was a run on note holders asking for their money back. The bankruptcy trustee, Fred Stevens, blamed Marshall's insolvency on incompetent business practices and borrowing from people at above-market rates. The trustee contended that by 2011, Marshall was using new investment money to pay off previous investors, the hallmark of a Ponzi scheme. Prosecutors claim Marshall falsely represented the profitability of his real estate business and had his staff generate 'transaction summaries' with bogus information about account balances and earned interest. Money was funneled into his other businesses and he spent hundreds of thousands of investors' dollars on personal expenses, including airline travel, meals out, groceries and yoga studios, according to prosecutors. Marshall's clients feel betrayed. 'We left it there so that it would accumulate. Well, it accumulated in his pocket,' Barbara Baltusnik said of her investment. The ripple effects of multimillion-dollar losses Monday Mornings The latest local business news and a lookahead to the coming week. Marshall pleaded not guilty in June to charges of grand larceny and securities fraud. He's accused of stealing more than $50 million. 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Trudeau-era climate policies hang in the balance as Carney seeks grand bargain to build
Trudeau-era climate policies hang in the balance as Carney seeks grand bargain to build

National Observer

time4 days ago

  • National Observer

Trudeau-era climate policies hang in the balance as Carney seeks grand bargain to build

As Prime Minister Mark Carney's government prepares its fall budget, discussions of striking a 'grand bargain' between the environment and economy are raging. The tariff war with the United States is the backdrop to the grand bargain negotiations. Carney wants to strengthen the Canadian economy with his major projects agenda, and needs the provinces and territories working cooperatively with him on his vision. But some premiers see an opportunity to knock down climate policies that would further unleash the fossil fuel sector as the price of cooperation. The other big picture consideration is the climate crisis, and growing urgency to slash emissions to prevent more damage. Last year was the country's most expensive year on record for extreme weather exacerbated by the warming atmosphere, clocking in at over $8 billion in insured damages alone, according to a recent report from Swiss Re. Wayne Long, secretary of state for the Canada Revenue Agency, recently said the budget will expand on the major projects agenda with a major focus on regulatory changes to incentivize investment. Those regulatory changes, which could see the cancelling of the oil and gas emissions cap before it ever came into place, promise to invigorate a familiar battle between environmentalists and the fossil fuel sector over the direction of the country's economy. Experts interviewed by Canada's National Observer say this grand bargain approach is the wrong framing and point out that past efforts have backfired. Simon Donner, climate scientist and professor at the University of British Columbia who chairs the Net-Zero Advisory Body, said given the economic threat from the US it's reasonable that the government is trying to coax provinces to cooperate. But he's worried that if Ottawa loses sight of its long-term decarbonization goals, both the climate and the economy will suffer. Today's grand bargain discussion is reminiscent of past political debates, Donner says. A decade ago, under Justin Trudeau, balancing the economy with the environment was a stated priority and resulted in provinces signing onto the Pan-Canadian Climate Framework, which included carbon pricing, in exchange for Ottawa purchasing the Trans Mountain expansion project to get Alberta bitumen to new markets. Striking a deal between the climate and fossil fuel development is a tantalizing goal for Prime Minister Mark Carney, but this grand bargain approach is the wrong framing that backfires anyway experts say. 'We fell for this idea that you had to choose between the economy and the environment… in fact what you're really doing is choosing between today and tomorrow,' he said. 'So my worry is we're so stuck in trying to square this old debate when it was never the right debate in the first place.' Policies under threat The oil and gas emissions cap, first proposed by Trudeau in 2021 and frequently touted by his government on the world stage as a symbol of Canadian climate leadership, is likely to be dropped in favour of tougher industrial carbon pricing. A briefing note prepared last year for then-finance minister Chrystia Freeland about the proposed oil and gas emissions cap — which Canada's National Observer obtained with a federal access to information request — notes the oil and gas sector is the country's largest source of emissions, with nearly half coming from the oilsands subsector. The heavily redacted briefing also confirmed the policy would be 'technically feasible' for companies to achieve and help Canada reach its emission reduction goals. But that was a different government. In contrast, Carney's election platform pledged to improve industrial carbon pricing but did not commit to the cap. In June, the Toronto Star reported the cap was on the chopping block. The oil and gas industry consistently opposed the policy, which would cut emissions using a cap and trade system. Climate experts have said targeting fossil fuel industry emissions is vital for the country to meet its emission reduction targets, given the oil and gas sector's emissions have grown and are now responsible for a third of Canada's entire total, wiping out progress made by other sectors. On June 1, Carney, Natural Resources Minister Tim Hodsgon, Minister for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy Dominic Leblanc, and others met with oil and gas executives from Tourmaline Oil, Imperial Oil, Cenovus Energy, MEG Energy, the Pathways Alliance and others in Calgary. The meeting was reportedly to discuss Carney's plan to develop Canada as a so-called energy superpower. It is not known precisely what was discussed, but those oil and gas executives have recently been on the record demanding the gutting of environmental regulations they claim choke their growth. 'We continue to believe the federal government's cap on emissions creates uncertainty, is redundant, will limit growth and unnecessarily result in production cuts, and stifle infrastructure investments,' reads an open letter from 38 oil and gas companies published after April's federal election. However, oil and gas executives aren't stopping there. They are pushing for a major clawback of environmental safeguards, and want the West Coast tanker ban and the federal industrial carbon pricing scrapped. Carney promised to strengthen the latter during his campaign and, if it were abandoned, it would give companies virtually unfettered ability to spew carbon pollution. The former, meanwhile, is seen as a precursor to reviving the Northern Gateway pipeline. That executive meeting was far from the only one with federal officials. The Canadian Association for Petroleum Producers, the apex lobby group for the fossil fuel industry, recorded 13 meetings in May and June, the most recent months available on the federal lobbyist registry, with government officials like PMO policy coordinator Joshua Swift, Hodgson and his chief of staff Eamonn McGuinty, and several deputy ministers at Environment and Climate Change Canada. Among the organization's stated list of priorities are accelerating approval of major projects like LNG terminals and persuading the government to 'not proceed' with the proposed oil and gas emissions cap to focus on 'other effective collaborative solutions.' On a recent earnings call, Enbridge CEO Greg Ebel, one of the signatories to the open-letter, told investors the federal government was not creating the conditions for investment to occur, pointing to the emissions cap and West Coast tanker ban as obstacles. In another breath, he assured investors the company would deliver between $40 billion and $45 billion in dividends to shareholders over the next five years. Other Options In 2022, the federal government presented two options when developing the cap. The selected option was a new cap and trade system, but the other option was setting a specific carbon price that would make it worthwhile for the oil and gas industry to drive emissions down. It's possible Carney will reach back to that draft paper for guidance. Privately, some climate advocates who had pushed hard for an emissions cap are coming to grips with the probability it will be axed and are now seeking strong alternatives. If some groups are quietly determining their position, others are vocal. In July, Clean Prosperity — which had never been in favour of the cap — recommended Ottawa cancel the cap and the clean electricity regulations, while strengthening carbon pricing. The group says those policies have 'created significant tensions with provinces, especially Alberta and Saskatchewan,' and would be 'unnecessary with strong carbon markets.' Clean Prosperity recorded eight meetings in May and June with federal officials, according to the federal lobbyist registry. They include two conversations with Swift, as well as meetings with Caroline Lee, chief of staff to Environment and Climate Change Minister Julie Dabrusin, Natural Resources Minister Hodgson and his chief of staff, and Aaron Wudrick, director of policy under Conservative Leader Pierre Poilievre. Similarly, the Canadian Climate Institute weeks later published its own study arguing that strengthening industrial carbon pricing and dropping the cap is the better path for emissions reductions. The reasons are technical, but essentially the group's modelling found that overlapping the emissions cap with carbon pricing policies could inadvertently weaken decarbonizing efforts. Donner said it's possible to achieve the same carbon pollution reductions using an improved industrial price, but unless there is a credible proposal for how that will be done, it's risky. 'We removed the consumer carbon price, but we've yet to replace it with anything,' he said. 'So that took one of the jenga blocks out. You can't keep pulling blocks out. At some point the tower is going to collapse.' Donner said any negotiation with the provinces has to involve strengthening the industrial carbon price at its centre. 'The government can't give in on that,' he said. 'The industrial pricing system, if strengthened, can be a foundation of climate policy going forward. It is not, however, nearly enough on its own. 'We need complimentary efforts on transportation, buildings, electricity, industrial policy and other areas not just to cut emissions, but to prepare Canada for a low-carbon world.' 'Just fossil fuel deals' Catherine Abreu, another member of the Net Zero Advisory Body and director of the International Climate Politics Hub, said there's no evidence any grand bargain has actually achieved anything meaningful for Canadians. 'They're not bargains; they're actually just fossil fuel deals,' she said. She pointed to the Trans Mountain pipeline that cost Canadian taxpayers over $34 billion, and the consumer carbon price that Carney cancelled in March. Another boondoggle was a 2016 proposal called the 100 megatonne cap that was supposed to limit oil and gas emissions in Alberta by introducing a carbon price on the oil sands in exchange for allowing some fossil fuel infrastructure expansion, she said. The 100MT cap 'did nothing to slow the expansion of the oil sands and … just greenwashed the activities of the oil and gas companies that were continuing to lobby hard against climate policies,' Abreu said. Today's discussion of 'decarbonized oil' — a euphemism discredited by experts as "marketing speak' but which Carney has said is crucial to his grand bargain with Alberta, is framed similarly to the discussions around the 100MT cap. 'Deconarbonized oil' is widely accepted to mean oil production paired with carbon capture technology that by design does not capture the majority of emissions associated with the fuel's lifecycle. When used, the technology routinely fails to meet its targets, and also only applies to the emissions required to extract and transport it, but not for when it is actually burned, which is where the majority of emissions come from. In 2022, more than 400 experts urged the federal government to abandon its carbon capture plans citing the risk of locking in fossil fuel production and ruining the ability of Canada to meet its emission reduction goals. The flagship carbon capture project would be the Pathways Alliance's proposed trunkline to pipe carbon dioxide captured from 13 oilsands sites in northern Alberta to an underground storage site south of Cold Lake at a cost of $16.5-billion — at least half of which it wants taxpayers to pay for. Two government sources

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