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Biogen pays US$900M to settle doctor kickback allegations

Biogen has agreed to pay US$900 million to resolve allegations that it violated federal law by paying kickbacks to doctors to persuade them to prescribe its multiple sclerosis drugs, federal prosecutors said.
The agreement announced Monday settles a whistleblower lawsuit brought by former Biogen employee Michael Bawduniak, according to a statement from the office of U.S.
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Discussing inheritances with loved ones now more important than ever: experts

When it comes to uncomfortable conversations, matters of inheritance may be near the top of the list.
But as the cost of living rises and the generational wage gap grows wider, experts say it is now more important than ever to open up that dialogue.
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German police raid yacht linked to Russian oligarch

More than 60 police officers raided a luxury yacht in northern Germany linked to a Russian businessman in connection with alleged breaches of sanctions and money laundering rules, officials said Tuesday.
The statement by Frankfurt prosecutors identified the suspect only as a 69-year-old Russian businessman.
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Ontario wants feedback on portable benefits plan for precarious workers

Ontario is looking for feedback as it moves toward implementing a portable benefits program for precarious workers.
The program is being designed for coverage of health, dental, prescription and vision care to move with an individual if they change jobs.
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World shares mostly gain after Dow tumbles into bear market

World shares were mostly higher on Tuesday as buying kicked in after heavy selling on Wall Street put the Dow Jones Industrial Average into what's known as a bear market.
U.S. futures and oil prices gained.
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Attorneys for Musk, Twitter argue over information exchange

A Delaware judge is hearing arguments over the exchange of information by lawyers for Twitter and Elon Musk in a lawsuit in which the social media giant is seeking to force Musk to carry through with his US$44 billion acquisition of Twitter.
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Wall Street opens higher a day after Dow entered bear market

Stocks are opening solidly higher on Wall Street a day after the Dow Jones Industrial Average followed other major U.S. indexes in entering a bear market.
The Dow was up a bit more than 1% in the early going Tuesday, and the S&P 500 was up 1.5%.
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Canadian employers projecting 4.2 per cent salary increase in 2023: survey

Canadian employers project the national average base salary to increase by 4.2 per cent next year, a new survey says.
According to the report by consulting firm Eckler Ltd., the forecast comes as organizations try to balance inflationary pressures, surging interest rates, recession risks and a tight labour market.
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S&P/TSX composite up more than 100 points, U.S. stock markets also higher

Canada's main stock index was up more than 100 points in late-morning trading as gains in the energy, base metal and technology sectors helped lift it higher, while U.S. stock markets also climbed higher.
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Employers in these provinces are projecting the largest average salary increases next year

Canadian employers are anticipating the highest salary increase in two decades as they try to balance inflationary pressures, surging interest rates, recession risks and a tight labour market, a new survey has found.
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Danish premier 'cannot rule out' sabotage to gas pipelines

The Danish prime minister said Tuesday that she "cannot rule out" sabotage after three leaks were detected on Russian natural gas pipelines running under the Baltic Sea to Europe.
Premier Mette Frederiksen spoke after simultaneous problems were reported with the Nord Stream 1 and 2 pipelines that were not bringing gas to Germany amid an energy standoff caused by Russia's invasion of Ukraine but were still filled with the fuel.
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Pound stabilizes but turmoil continues for U.K. economy

The British pound stabilized in Asian trading on Tuesday after plunging to a record low a day earlier, as the Bank of England and the British government tried to soothe markets nervous about a volatile U.K.
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Leaks on Russian gas pipelines raise concerns about sabotage

A series of unusual leaks on two natural gas pipelines running from Russia under the Baltic Sea to Germany triggered concerns about possible sabotage Tuesday, overshadowing the inauguration of a long-awaited pipeline in Poland that will bring Norwegian gas to Europe in efforts to bolster energy independence from Moscow.
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