Bruce Linton named executive chairman at U.S. cannabis firm Vireo

Bruce Linton named executive chairman at U.S. cannabis firm Vireo
MINNEAPOLIS — Canopy Growth Corp. founder Bruce Linton has been named executive chairman of U.S. cannabis company Vireo Health International Inc. The company says he will serve on the board of directors and work closely with Vireo chief executive and founder Kyle Kingsley. Vireo produces and sells cannabis and pharmaceutical-grade cannabis extracts. The company is licensed in 11 markets. Linton is... Read More

Early Gen-Xers are coming of age to begin collecting seniors discounts

Early Gen-Xers are coming of age to begin collecting seniors discounts
TORONTO — Early Gen-Xers may find it uncomfortable to admit, but they have joined their parents in being old enough to claim senior discounts. The eldest members of the cohort born between 1965 and 1979 can save money by targeting their spending. While most retailers only offer discounts to Canadians that reach the traditional age of retirement, some give customers a... Read More

Liberal search for dance partners: areas where Trudeau might find common ground

Liberal search for dance partners: areas where Trudeau might find common ground
OTTAWA — The Liberals won more seats Monday than any other party, but came up short in their effort to return to Parliament with another majority mandate. Unlike in Justin Trudeau’s first term, this time the Liberal prime minister will have to strike agreements with political rivals as he tries to win their support to pass legislation and, in some cases, survive confidence... Read More

Companies reach $260 million deal to settle opioids lawsuit

Companies reach $260 million deal to settle opioids lawsuit
CLEVELAND — The nation’s three biggest drug distributors and a major drugmaker reached a $260 million settlement with two Ohio counties Monday over the deadly havoc wreaked by opioids, striking a deal just hours before they were about to face a jury at the start of the first federal trial over the crisis. The settlement means the closely watched trial... Read More

GE freezes pensions for 20K workers in bid to trim debt pile

GE freezes pensions for 20K workers in bid to trim debt pile
NEW YORK — General Electric is freezing the pension plans of about 20,000 of its workers and offering pension buyouts to 100,000 former employees as it attempts to reduce its mountain of debt. The industrial conglomerate has been selling off assets and streamlining its operations amid sagging profits and other setbacks in recent years. It has about $105.8 billion in... Read More

Thomson Reuters buys business conference organizer FC Business Intelligence

Thomson Reuters buys business conference organizer FC Business Intelligence
TORONTO — Thomson Reuters Corp. says it has acquired FC Business Intelligence, an organizer of business conferences. Financial terms of the deal were not disclosed. The company says the business will be rebranded Reuters Events. It will be operated as part of the Reuters News division of Thomson Reuters. FCBI organizes conferences and exhibitions for a range of sectors including... Read More

Banks battle it out in health-care sector as Ontario doctors launch own solution

Banks battle it out in health-care sector as Ontario doctors launch own solution
TORONTO — The doctor’s office has become a fierce battleground for Canada’s biggest banks. But as financial institutions expand their physician-focused offerings in a bid to snag the wealthy clientele, some health care professionals are taking their investments into their own hands. The Ontario Medical Association has been developing its own pension-like solution tailored for physicians, which should be up and running by the... Read More

‘Blood money’? Purdue settlement would rely on opioid sales

‘Blood money’? Purdue settlement would rely on opioid sales
The tentative multibillion-dollar settlement with OxyContin maker Purdue Pharma would raise money to help clean up the opioid mess by … selling more OxyContin. That would amount to blood money, in the opinion of some critics. And it’s one reason two dozen states have rejected the deal. “The settlement agreement basically requires the settlement payments to be made based on... Read More

NY finds $1B in hidden transfers by family behind OxyContin

NY finds $1B in hidden transfers by family behind OxyContin
NEW YORK — The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York’s attorney general contends in court papers filed Friday. New York — asking a judge to enforce subpoenas of companies, banks and advisers to Purdue and its owners, the Sackler family — said it has uncovered... Read More

Pharma industry launches court challenge of federal regulatory changes

Pharma industry launches court challenge of federal regulatory changes
OTTAWA — A Canadian pharmaceutical lobby group and 16 of its members have filed a lawsuit against Ottawa’s overhaul to how it regulates the costs of patented medicines. Health Canada announced long-awaited amendments last month to patented medicine regulations, which include allowing the arm’s-length Patented Medicine Prices Review Board to consider whether the price of a drug reflects the value it has for patients.... Read More