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Judge voids veteran’s negligence suit over failed spinal cord stimulator

From Westlaw Journal Medical Devices: A Utah federal judge has dismissed a veteran’s suit claiming medical device maker St. Jude Medical Inc.’s negligence led to the failure of two spinal cord stimulator procedures within a 12-month period.

U.S. District Judge Ted Stewart of the District of Utah said plaintiff Richard McCartney offered insufficient evidence that St. Jude representatives present at the two procedures advised the surgeon on the stimulator’s placement or that the surgeon actually followed that advice.

(WestlawNext users: Click here for the 10 most recent stories from Westlaw Journals.)

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Ebola outbreaks – graphic of the day

Ebola is believed to have killed 672 people in Guinea, Liberia and Sierra Leone since the outbreak began in February, according to the World Health Organization. The doctor leading Sierra Leone’s fight against the worst Ebola outbreak on record died from the virus on Tuesday. Today’s graphic shows the cases and deaths from Ebola outbreaks in Africa since 1976.

ebola

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Internal audit & the four Cs: Culture, conduct, corporate governance and customer outcomes

The Four Cs are C-Suite issues that internal auditors ignore at their own peril.

Corporate governance and culture have moved into the mainstream as a result of the financial crisis, and as the global recovery takes hold, governments and regulators are keen to ensure lessons are learned. It is clear, however, that despite the increasing profile of corporate governance with regulators, shareholders and customers, and the effect it has on the health and reputation of firms, it is still an area in which many internal auditors lack a high level of involvement. (more…)

The World in 2025 – Food shortages and price fluctuation are a thing of the past

It’s human nature to want to know what’s coming. It seems fitting, then, that our IP & Science business, with innovation at its core, should also partake in leveraging its assets to forecast the future. The following is one prediction from our new report that features 10 innovation predictions for the world in 2025. Make sure to check out the entire series of posts and download the full report here.

Advancements in lighting technologies and imaging techniques, coupled with genetic crop modification, provide an environment ripe for successful indoor crop growth and detecting diseased foods.

World-2025_pdf__page_12_of_28_Simultaneous revolutions in both lighting technologies and imaging techniques will have far reaching effects in the next decade. Advancements in Organic Light Emitting Diodes, LCD and plasma technologies, alongside three-dimensional displays coupled with hyperspectral imaging, will improve year-round crop growth, helping feed the world’s eight billion people and overcoming environmental changes that will affect traditional farming.

In 2025, genetically modified crops will be grown rapidly and safely indoors, with round-the-clock light, using low-energy LEDs that emit specific wavelengths to enhance growth by matching the crop to growth receptors added to the food’s DNA. Crops will also be bred to be disease resistant. And, they will be bred for high yield at specified wavelengths.

Imaging techniques such as three-dimensional displays coupled with hyperspectral imaging will also be able to provide early detection of mal-developing crops and diseased animal proteins before human consumption.

Because there is reduced risk of crop failure, price fluctuations and food shortages will become things of the past.

Download the full report: The World in 2025: 10 Predictions of Innovation

Hepatitis C & HCV therapy development – graphic of the day

In recognition of World Hepatitis Day, we prepared a special infographic highlighting significant shifts that have taken place in the Hepatitis drug market. The world changed for many HCV sufferers in December 2013, with the launch of Sovaldi – an effective cure for chronic disease in almost 90% of subjects with type 1 infection. Or did it?

HCV

Putting the world’s agriculture markets at your command

Changing agriculture markets create new opportunities. Are you going to see and seize them first? With Thomson Reuters Eikon, you will see further, know earlier and act quicker. From news to analysis, from fundamentals to forecasts, it brings together all the relevant information you need in a single intuitive desktop so you can grasp exactly where the market is and where it is likely to go — and then act with confidence.

How business ethics really come down to the individual

Occasionally, we talk with employees across all businesses in different world regions to learn about what they do and what really motivates them. We caught up with Edwin Stokkermans and here’s what he told us.

What do you enjoy most about your job?

With 23 years of service, Edwin is Director for Sourcing Applications. His team is located in Bangalore, India and Eagan, U.S., while he is based in Amsterdam, The Netherlands. This global responsibility and continuous engagement across countries is precisely what he loves about his job. “Most of the day, I don’t communicate in my native language (Dutch). With events like the recent soccer World Cup, it’s more enjoyable, as you know people in almost every participating country. When my country wins a game, I get congratulations by mail and chats from all over the world, as if I succeeded personally, it’s fun. This also applies to big news items (unfortunately often challenging issues) you can relate to colleagues, share empathy and act as a global family. This additional value, which is very powerful, should not be underestimated.”

His job entails taking care of the deployment, maintenance, quality control, service support, user adoption of the applications within the Global Sourcing Group, among others: (more…)

The family businesses – graphic of the day

In May, auditors found what they called “material irregularities” at Espirito Santo International, a Luxemburg-registered holding company controlled by the Espirito Santo family of Portugal, one of Europe’s biggest banking dynasties. A month later, authorities launched an investigation into Rioforte, also a holding company of the Espirito Santo family. Today’s graphic guides you through the maze of financial and non-financial assets owned by the Espirito Santo family.

espirito santo

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Weekly Investment Banking Scorecard

deals intelligence

CIT Group’s $3.4 billion purchase of California’s OneWest Bank pushed the level of deal making in the financial sector to $206.6 billion for year-to-date 2014, a 54% increase compared to a year ago and the strongest year-to-date period for M&A in the sector since 2011. With strong deal making activity in the healthcare, media and energy sectors, M&A in the financial sector accounts for just 10% of the worldwide total this year, the lowest percentage since year-to-date 1989 when financials accounted for 9% of global M&A

Weekly Highlights: (more…)