Economics
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The U.S. Department of Transportation said Tuesday that it is planning to pull almost $1 billion in funding for a high-speed rail system meant to link Los Angeles and San Francisco after California’s new Gov. Gavin Newsom said his administration would drop the project… Read this piece in its entirety at Law360.
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A plan expected to save Puerto Rico nearly $18 billion by restructuring debt carried by the Puerto Rico Sales Tax Financing Corp., or COFINA, got the go-ahead on Monday from the judge overseeing the U.S. territory’s bankruptcy-like proceedings… Read this piece in its entirety at Law360.
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Staples Inc. and Essendant Inc. can go forward with a proposed merger valued at almost $483 million after agreeing to include a “firewall” in the deal blocking Staples from accessing certain Essendant sales data, a divided Federal Trade Commission announced on Monday… Read this piece in its entirety at Law360.
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Indivior Inc. on Thursday won a bid to temporarily block New Jersey-based Alvogen Pine Brook Inc. from selling a generic version of the opioid addiction treatment drug Suboxone, which is at the center of an ongoing patent row, according to an order from a Garden State federal judge… Read this piece in its entirety at
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Apple Inc.’s general counsel Kate Adams took home about $5 million in pay last year, in addition to earning stock in the Cupertino, California-based computer giant that could be worth as much as $23 million, according to the company’s latest U.S. Securities and Exchange Commission filing… Read this piece in its entirety at Law360.
Mike LaSusa 