Latest news with #opioidAddiction
Yahoo
5 days ago
- Business
- Yahoo
Indivior to delist from London Stock Exchange, maintain Nasdaq listing
(Reuters) -Pharma firm Indivior said on Monday it will cancel its secondary listing on the London Stock Exchange, effective July 25, maintaining its primary listing on the Nasdaq to reduce costs and better align with its U.S.-centric business. The company, known for its opioid addiction treatment, joins a growing number of companies delisting from London, as lower valuations and weak investor appetite continue to drive firms toward U.S. markets. Shares of Indivior, which floated in London in late 2014, have dropped more than 60% from record highs hit in June 2018. The company said over 80% of its revenue now comes from the U.S., with the Nasdaq accounting for about 75% of recent trading volumes. The delisting aims to streamline operations and reflect the company's strategic focus on the U.S. market, it said. Indivior moved its primary listing to the United States last year. The decision to delist from London comes just months after Indivior overhauled its management. Earlier this year, it appointed David Wheadon as chair and Joe Ciaffoni as CEO. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
21-05-2025
- Health
- CBS News
Colorado Congresswoman Brittany Pettersen says treatment for substance use disorders would take a big hit under Republican budget bill
Treatment for substance use disorders would take hit under budget bill, Colorado Congresswoman says Treatment for substance use disorders would take hit under budget bill, Colorado Congresswoman says Treatment for substance use disorders would take hit under budget bill, Colorado Congresswoman says For Rep. Brittany Pettersen, the debate happening in D.C. over Medicaid isn't political, it's personal. If not for the government health care program, she says, her mom wouldn't be alive. Stacy Pettersen struggled with opioid addition for years, a struggle that became the catalyst for far-reaching legislation by her daughter, including a law that expanded Medicaid to cover in-patient treatment for substance use disorders. Rep. Brittany Pettersen CBS Pettersen says the law has saved lives and money. "When you're denying them care and churning in and out ER, the federal and state government spent over a million keeping her alive in ICU instead of giving her access to the care she needed," Pettersen said. Pettersen, the Democrat who represents Colorado's 7th Congressional District, was working on the bill with stakeholders, including Emergency Room Doctor Don Stader, when her mom overdosed and ended up in the ER. Stader was on duty that night. "It was one of the most surreal moments and patients of my life and it made ... (it) so clear what we are fighting for and what the stakes are," he said. With Stader's help, Pettersen has passed a number of transformative laws to help those like her mom, who is now 8 years in recovery. But she says the Republican budget bill puts all that progress at risk. "My mom is an example of what's possible when we give people the help they need," she said. "All of this is going away with this bill." The bill strips Medicaid funding for in-patient addiction treatment, repeals a law providing Naloxone for rural first responders, creates new work and cost-sharing requirements for recipients, and implements twice yearly eligibility reviews. "It's created to purge people off of actually qualifying for these benefits while paying tens of millions of dollars by increasing bureaucracy," said Pettersen. The Colorado Department of Health Care Policy and Financing, which administers Medicaid, estimated the administrative burden alone would cost up to $57 million. The Congressional Budget Office says more than 100,000 Coloradans could lose their coverage. "This is going to fundamentally shift health care in many communities across the country," said Stader. "We are going to take our health care back a quantum leap for something that is far less effective, far less compassionate and far less efficient than what we have now." Last year, Colorado saw a 35% reduction in opioid deaths. Pettersen worries the downward trend will reverse course. "We had the biggest reduction of overdose deaths, and it's because of this work. It's because of access to Naloxone. It's because of increasing access to treatment. And they're actually taking that option away for states like Colorado," Pettersen said. President Trump wants the House to pass the bill by Memorial Day. He met with GOP hardliners Tuesday. They are refusing to pass the measure without deeper cuts. The bill would cut taxes by $4 trillion and reduce federal spending by $1.6 trillion, including a $700 billion reduction in Medicaid spending. It is expected to raise the national debt by about $3 trillion over the next 10 years.
National Post
17-05-2025
- National Post
Ontario woman jailed for biting grocery store security officer
Article content A Sarnia woman has been jailed for thefts from local stores and biting a loss-prevention officer. Article content Article content 'Biting is gross. It leads to infection,' assistant Crown attorney Michael Donald said as Jerica Trowbridge was being sentenced last week to three months in jail after pleading guilty to theft and assault causing bodily harm. 'Ms. Trowbridge assaulted her in a very significant way.' Article content Article content 'Biting someone is vile,' Justice Krista Lynn Leszczynski agreed. 'It's concerning, I certainly imagine, for the victim.' Article content Article content The incident took place at the Exmouth Street No Frills, where the officer confronted Trowbridge, 30, after items went missing from her cart after a trip to the washroom, court heard. She also took items without paying from a gas station and stole liquor five times from the Quinn Drive LCBO. Article content Trowbridge made the Sarnia police wanted list last summer after the LCBO thefts. Article content Defence lawyer Robert McFadden said the underlying motive is an addiction to opioids. He recalled she was in terrible shape two months ago when she ended up in custody. Article content 'I don't think she could have told us what day of the week it was at that particular time, or the month or the year,' he said. 'The drugs were just consuming every moment of her day.' Article content But she's been on an opioid replacement therapy medication in jail and looks much better, he added. Article content 'She's clean right now,' he said. Article content She went back to the same store five times to steal and getting caught wasn't a deterrent, Donald said. 'The addiction is more important.' Article content Trowbridge apologized and said if she could go back in time, she'd change things. 'I can't. But I can change things for tomorrow.' Article content 'That's an important thing to keep in mind, Ms. Trowbridge,' Leszczynski said, while encouraging her to stop taking drugs after her release. Article content
Bloomberg
11-05-2025
- Business
- Bloomberg
Stephen Miran's Overvalued Dollar Talk Is Dangerous
An academic paper has caught Asia's eye. In a piece published last November, Stephen Miran, Chairman of the Council of Economic Advisers and the brain behind the so-called Mar-a-Lago Accord, mentioned dollar ' overvaluation ' 10 times. It weighed on American manufacturing, blighted communities, and may even play a role in opioid addiction, he wrote. The economist is probably right that the greenback is expensive. Until recently, the rest of the world was enamored with US assets, driving an uptrend that began in 2011. By the end of 2024, the currency was overvalued by 18.5%. That compares to 9.4% at the end of 2016 after President Donald Trump won his first election, Bank of America Merrill Lynch estimated based on the International Monetary Fund's real effective exchange rate model.
