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U.S. government weighs social-media snooping to detect Social Security fraud

FILE PHOTO: Sign is seen on the entrance to a Social Security office in New York
FILE PHOTO: A sign is seen on the entrance to a Social Security office in New York City, U.S., July 16, 2018. REUTERS/Brendan McDermid/File Photo

March 29, 2019

By Mark Miller

CHICAGO (Reuters) – Getting followed on social media could soon gain a new meaning for workers applying for Social Security disability benefits. The Trump administration is working on a plan to let the Social Security Administration (SSA) check up on claimants on Facebook and Twitter in order to root out fraud and abuse in the disability program.

It is the latest move in a push by critics of Social Security Disability Insurance (SSDI) to crack down on alleged fraud and abuse. Conservatives have long argued that cheating is rampant in the program, and in recent years convinced Congress to fund expanded efforts by the SSA on anti-fraud efforts.

The idea of social media surveillance is getting a push from the conservative Heritage Foundation. Such monitoring already is done in some fraud and abuse investigations. For example, in 2014, the SSA’s Office of the Inspector General (OIG) utilized social media reviews to help arrest more than 100 people who defrauded SSDI out of millions of dollars. Investigators found photos on the personal accounts of disability claimants riding on jet skis, performing physical stunts in karate studios and driving motorcycles.

The SSA now is looking at expanding social media monitoring capability to front-line agency staff who work with claimants in the initial stages, before any investigations have been initiated.

The idea already is drawing fire from disability advocates. They argue that social media profiles can offer misleading evidence, since dates when photos were shot are not always clear and because not all legitimate disabilities prevent participation in activities that might seem suspicious.

“The proposal to allow disability adjudicators to monitor or review social media of disability claimants is an unjustified invasion of privacy unlikely to uncover fraud,” said Lisa Ekman, director of government affairs at the National Organization of Social Security Claimants’ Representatives.

The prospect of such governmental surveillance is as disturbing as it is eyebrow-raising. Consider that workers and employers split a 1.8  percent payroll tax to fund SSDI. Now, in return, the SSA may be empowered to snoop around their Facebook profiles. And it is premised on a questionable assertion – namely, that SSDI really is plagued by rampant fraud and abuse.

For starters, let me stipulate that SSDI is not a perfect program. One of the biggest problems is the staggering backlog in appeals cases, with applicants often waiting more than 600 days for decisions on claims. That problem stems from a history of unwise slashing of the SSA budget by Congress in recent years that has left the program dramatically short-staffed.

Fraud and abuse do exist in the program, and it should be weeded out to protect taxpayers and legitimate claimants. But any program this large – public or private-sector – is sure to be a target for people bent on taking advantage, and critics often argue by highlighting sensational cases.

Mark Hinkle, acting press officer for the SSA, notes that the agency uses data analytics and predictive modeling to detect fraud, and has created new groups dedicated to detection and prevention. Asked to comment on plans for expanded use of social media to detect fraud, he confirmed that SSA investigative units already use social media, and that the agency  has “studied strategies of other agencies and private entities to determine how social media might be used to evaluate disability applications.”

He added, “Social Security does not currently pursue social media in disability determinations, and we don’t have other information to provide at this time.”

DISABILITY FRAUD IS RARE

Program statistics do not support the allegation that SSDI is riddled with fraud and abuse.

In the government’s fiscal-year 2018, the SSA’s Office of the Inspector General (OIG) reported about $98 million in recoveries, fines, settlements/judgments, and restitution as a result of Social Security fraud investigations. The OIG states that most the recovered funds were from recipients of SSDI and Supplemental Security Income (SSI), a means-tested welfare program for low-income seniors, blind and disabled people.

That sounds like big money. But in fiscal 2018, the SSA paid out $197 billion to beneficiaries of SSDI and SSI. And keep in mind that the recovered $98 million was for benefits paid out over several years, not just in 2018.

SSA data shows that the rate of overpayments for all its programs was well under 1 percent of benefit payouts in each of the last three fiscal years – and not all improper payments are fraud. More often, overpayments occur due to administrative delays at the SSA in making adjustments to benefit amounts due to errors and paperwork snafus.

A federal government list of programs at highest risk for making improper payments compiled by the Office of Management and Budget does not even mention Social Security.

Considering all that, I asked Rachel Greszler, a research fellow at the Heritage Foundation who studies Social Security, to justify the foundation’s steady drumbeat of accusations that SSDI is plagued by fraud and abuse.

She readily acknowledged that fraud rates are low. “Outright fraud is actually a pretty small component of the program’s problems,” she said. “Most people perceive fraud as a big issue but what they might consider fraud – people receiving benefits when they have the ability to work – is often just abuse of the system by taking advantage of certain rules and structures that allow people who can perform some work to nevertheless receive benefits.”

What constitutes abuse of the rules? An example, she said, would be claiming SSDI and receiving unemployment benefits at the same time, or claiming based on the argument that a disability prevents a worker from performing certain types of jobs.

Greszler and other SSDI critics often point to the rise of SSDI applications and award grants coincident with the rise of unemployment during the Great Recession as evidence of abuse. Some academic research has been done suggesting a cause-and-effect related to the unemployment rates, but this is hardly a settled matter among experts on SSDI.

Heritage has a broader agenda for SSDI reform. This week, it released a paper outlining 16 reforms aimed at improving the program’s solvency and integrity. (https://herit.ag/2FEBLDF) It includes the plan to use social media surveillance in eligibility determinations, tighter eligibility definitions and replacement of SSDI’s progressive benefit formula with a “flat anti-poverty benefit.” It also urges greater use of private disability insurance, especially among higher-income workers.

This agenda draws its fuel from the fraud and abuse arguments. So any debate about reforms should also include rebalancing our perspective on where the problems are in SSDI – and where they are not.

(Reporting and writing by Mark Miller in Chicago; Editing by Matthew Lewis)

Source: OANN

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Campbell Soup reports 2nd quarter loss

The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the NYSE in New York
The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid

February 27, 2019

CHICAGO (Reuters) – Campbell Soup Co on Wednesday reported a quarterly loss, hurt by impairment charges of $346 million for its struggling fresh food business.

Camden, New Jersey-based Campbell said net sales rose about 24 percent to $2.71 billion in the second quarter ended Jan. 27, helped by the acquisitions of Snyder’s-Lance and Pacific Foods.

(Reporting by Richa Naidu; Editing by Chizu Nomiyama)

Source: OANN

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Wild animals get care at private Russian center

Gena the crocodile was left in a trash can. Elza the lion was roaming free in the cargo hold of a plane. As Tonya the bear grew up, the chain she wore dug so tightly into her skin that it started to cut through bone.

Luckily for these wild animals, and some 200 others, they have now found their way to the Veles Center, an out-of-the-way operation regarded as Russia's premier facility for rehabilitating wild animals that were abandoned or fell victim to human callousness.

Taking care of all of them costs about 10 million rubles ($155,000) a year. The center gets help from volunteers and public donations, but much of the funding comes from Alexander Fyodorov, the St. Petersburg construction company owner who founded the center in 2009.

"It is probably not enough to say that I like wild animals who normally get little help and that a part of my life belongs here," said Fyodorov. "I also want to do something important in this life."

The crocodile was simply left in a trash can and found by a street cleaner, he said.

"The cleaner at first thought it was a toy crocodile in good condition, but then the toy crocodile came to life."

The lion came to the center in a mixture of comedy and pathos after she was flown to St. Petersburg as an unannounced gift from one wealthy businessman to another.

"During the flight, she escaped from the cage and was wandering in the luggage compartment. When the plane landed at Pulkovo airport and personnel started to unload luggage, they found a lion that was attacking people," said center veterinarian Natalya Bondarenko.

The man for whom Elza was intended asked the center to take charge of her.

She appears to have happily adapted to life at Veles, bounding through the snow in her outdoor enclosure and rolling on her back kittenishly.

The bear, Tonya, spent eight years chained up before she came to Veles.

"There were two chains around her neck that grew into the body; one grew seven centimeters (nearly three inches) inside her neck," Fyodorov said.

"The bear had several surgeries. The last chain link reached the backbone. We cut a little part of the bone to remove that piece of chain."

The center aims to release its animals back into the wild, but for many that's not possible because of environment or because they become dependent on human care and lose their survival skills.

For some of the animals, going back to the wild would mean leaving friends. For instance, a wolf named Vuk, who was found abandoned as a pup, has somehow appointed himself protector of the bears who live in an adjacent enclosure.

"The wolf considers himself a father for the bears, takes care of them, protects them if he feels there is any danger," the vet Bondarenko said.

Other occupants of the center, 30 kilometers (18 miles) north of St. Petersburg, include foxes, elks, donkeys, storks, peacocks and a group of 11 hedgehogs who bask in the attention of volunteer Yekaterina Gilchyonok, stretching for caresses rather than rolling into protective balls.

Veles, named after a Slavic pagan god of cattle, is an unusual undertaking in Russia, where care for wild animals largely is a "disaster," says Svetlana Ilyinskaya of the Center for Legal Protection of Animals.

"We are missing centers both for saving animals and for supporting them. There is no state support or policy regarding the matter," she says.

Source: Fox News World

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Nigerian troops forced 10,000 people to leave northeast town: U.N

FILE PHOTO: Nigerian military secure an area where a man was killed by suspected militants near Maiduguri
FILE PHOTO: Nigerian military secure an area where a man was killed by suspected militants near Maiduguri, Nigeria, February 16, 2019. REUTERS/Afolabi Sotunde/File Photo

April 11, 2019

By Tom Miles

GENEVA (Reuters) – Nigerian troops forced the entire population of a town of 10,000 people in northeastern Borno state to relocate without warning on Monday, the United Nations said on Thursday.

A U.N. statement said soldiers moved the people of Jakana to a camp in the city of Maiduguri about 40 km (25 miles) away, some arriving with “nothing, not even shoes on their feet”.

The armed forces were conducting an operation to flush out Islamist Boko Haram insurgents, Abdulmalik Bulama Biu, a commanding officer in the northeast, said without elaborating.

The military and government returned nearly 5,000 Jakana residents to the town on Thursday, Nigeria’s National Emergency Management Agency said on its official Twitter account.

Jakana residents said the military was screening the population for members of Boko Haram.

The northeast of Nigeria, sub-Saharan Africa’s biggest energy producer, is the main battleground in its decade-long fight against Boko Haram and fellow Islamist insurgent group Islamic State West Africa Province.

A surge in militant attacks in December in which towns and military bases were overrun put tens of thousands of civilians to flight into Maiduguri, swelling the population of existing camps.

“The entire town of Jakana was emptied, and people were forced to move to Maiduguri with very little time to collect personal belongings,” Edward Kallon, U.N. humanitarian coordinator for Nigeria, said in the statement.

Last June, the Nigerian government ordered thousands of people to leave the relative safety of their camp in Maiduguri to live in a town in an unsafe area as pressure mounted to show progress in the war against militants ahead of elections, sources familiar with the situation said. In September, the town was attacked, forcing the population to flee.

(Reporting by Tom Miles in Geneva; Additional reporting by Ola Lanre in Maiduguri; Writing by Paul Carsten; Editing by Mark Heinrich)

Source: OANN

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Hoping to assuage investors, Newmont offers special dividend if Goldcorp deal approved

FILE PHOTO: Visitors pass the Newmont Mining Corporation booth during the PDAC convention in Toronto
FILE PHOTO: Visitors pass the Newmont Mining Corporation booth during the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada March 4, 2019. REUTERS/Chris Helgren/File Photo

March 25, 2019

By Nichola Saminather

TORONTO (Reuters) – Newmont Mining Corp will pay a special dividend of 88 cents in an effort to soothe unhappy shareholders if they approve its $10 billion takeover of Goldcorp Inc, the company said on Monday.

Facing protests from investors who say Goldcorp shareholders benefit too much from the deal, Newmont said the immediate cash payment would represent a portion of the savings from a separate agreement with Barrick Gold Corp.

Newmont’s friendly bid to buy Goldcorp to create the world’s biggest gold producer preceded the agreement with rival Barrick to create a joint venture combining their operations in Nevada. Newmont offered 0.328 of its shares and 2 cents for each Goldcorp share.

Top Newmont shareholders including Paulson & Co and Van Eck International Investors said last week the Goldcorp proposal transferred to Goldcorp shareholders too much of the nearly $5 billion in synergies from the Barrick venture. Paulson has said it will vote against Newmont’s acquisition of Goldcorp.

Van Eck and Paulson could not be reached immediately for comment on Monday.

“We are pleased to make this special dividend payable to Newmont’s current shareholders in recognition of the potential synergy value of the Nevada joint venture agreement,” Newmont Chief Executive Officer Gary Goldberg said in a statement.

Goldcorp shares jumped 2.5 percent to C$14.88 in morning trade on Monday in Toronto, erasing most of Friday’s 2.9 percent loss. Newmont climbed 1.7 percent to a one-month high of $35.10 in New York trading.

Goldcorp said in a separate statement it supported the special dividend.

Also, Goldcorp said proxy advisory firm ISS recommended on Monday that its shareholders support Newmont’s takeover offer when they vote on April 4. Newmont shareholders will vote on April 11.

(Reporting by Nichola Saminather; Editing by Bill Trott and Jeffrey Benkoe)

Source: OANN

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Uber hires more IPO underwriters as it prepares to go public: sources

FILE PHOTO: Uber's logo is displayed on a mobile phone
FILE PHOTO: Uber's logo is displayed on a mobile phone, September 14, 2018. REUTERS/Hannah Mckay

March 12, 2019

By Carl O’Donnell and Joshua Franklin

(Reuters) – Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.

Smaller rival Lyft Inc is racing to list in the stock market at the end of March. While Uber will not beat Lyft to an IPO, the preparations are aimed at giving it the flexibility to go public as early as the first half of 2019, the sources said.

Uber has added more than half a dozen investment banks, including Bank of America Corp, Barclays Plc, Citigroup Inc, Allen & Company, Deutsche Bank AG and JMP Securities, to its IPO underwriting lineup, the sources said.

These banks will support Morgan Stanley and Goldman Sachs Group Inc, which Uber hired late last year to lead its public offering, the sources added. Uber will make additional bank hires in the coming weeks to complete the IPO syndicate, the sources said.

The sources asked not to be identified because the matter is confidential. Bank of America and Citigroup declined to comment. Uber, Barclays, Allen & Company, Deutsche Bank and JMP Securities did not immediately return requests for comment.

Several investment banks held off pitching Lyft for an IPO role in order to be hired by Uber, a more lucrative and high-profile assignment given its size and status. However, JMP Securities managed to get on both Uber and Lyft’s IPO syndicates, showing that such overlap is possible, albeit mainly with more junior underwriting roles.

Lending relationships between the companies and the banks have also proved important in winning IPO roles.

Lyft’s top-tier of seven underwriters was responsible for around a quarter of capital raised through last year, compared to more than 40 percent for the six top-tier banks that Uber has hired so far, according to Dealogic.

Like Lyft, Uber filed confidentially for an IPO with the U.S. Securities and Exchange Commission in December. Its bankers have indicated it could be valued at as much as $120 billion, though some analysts have pegged its value closer to $100 billion based on the earning figures it discloses.

Lyft could be valued close to $25 billion in its IPO, according to the sources.

Earlier on Tuesday, Uber agreed to pay $20 million to settle a lawsuit brought nearly six years ago by drivers who claimed they are employees, not independent contractors. Uber still faces thousands of arbitration claims from drivers who are not covered by the settlement.

(Reporting by Carl O’Donnell and Joshua Franklin in New York; additional reporting by Liana Baker in New York; editing by Leslie Adler)

Source: OANN

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Chilean Cover-up Cardinal Close to Pope Francis Leaves Santiago

Cardinal Ricardo Ezzati Andrello, in charge of crisis management and sexual abuse cover-up of the Church in Chile, which began during the pontificate of Pope Ratzinger, has finally ended. His resignation as Archbishop of Santiago was officially accepted by Pope Francis on Saturday.

The powerful Cardinal Ezzati who is facing accusations of cover-up of several abusive priests in Chile, has left Santiago and can now retire and spend the rest of his days in a luxury resort paid by the Vatican and not in prison like Cardinal Pell. His resignation is the result of the current crisis of the Church in Chile, where in recent years a growing number of cases of clergy sexual abuse and cover-up has ultimately ruined the reputation of the Catholic Church he was trying to protect.

Cardinal Ezzati, who is an old friend of Pope Francis, is now facing the civil justice system, accused of allegedly covering up sexual abuse by the former Chancellor of the Archdiocese of Santiago, Fr. Oscar Muñoz Toledo. At a press conference following the resignation acceptance, Cardinal Ezzati said that the crisis in the Church in Chile, “Without a doubt has been the greatest sorrow of this time.”

He also tried to justify himself by saying that the archdiocese has fully cooperated with the civil justice system, “we had open doors,” and, “prosecutor had requisitioned the documents he wanted” in the different raids carried out by the Chilean police authorities. This is only partially true, as the police had to carry out various raids.

In the eyes of Pope Francis, Ezzati gained standing to become a Cardinal. He specialized in crisis management by being apostolic visitator of the infamous Legionaries of Christ, an Order with a strong presence in Chile, whose leader, the late Marcial Maciel Degollado (1920-2008), was a pedophile and a Satanist working for the New World Order at the highest levels, including the Bush family. After his death the seal of silence and fear that was weighing on many Legionaries was broken, and the Vatican needed someone like Cardinal Ezzati to control the Legionaries, especially in Chile.

As Archbishop of Santiago, Ezzati inherited the oversight on the case of Father Fernando Karadima accused of the sexual abuse of minors in Chile, which became public in 2010, raising questions about the responsibility and complicity of several Chilean bishops, including some of the country’s highest-ranking Catholic prelates. By 2018, this case attracted worldwide attention as a critical failure of Pope Francis and the Church and pushed the whole Chilean Church to address the sexual abuse of minors in an unprecedented manner. Catholic bishops in Chile even handed the Pope their resignations, something I reported last year on leozagami.com:

http://leozagami.com/2018/06/14/chilean-crisis-of-the-catholic-church-deepens-as-pope-is-exposed/

Cardinal Ezzati ultimately said in his recent press conference: “For now I am availing myself of my right to remain silent which Chilean legislation offers me. I will speak at the appropriate time. My lawyer knows the day and the hour to speak.”

When Ezzati’s resignation was accepted, Pope Francis appointed Bishop Celestino Aós Braco of Copiapó as Apostolic Administrator in Santiago but this resignation seems to have angered the Pope who is onboard a sinking ship.

Leo Zagami is a regular contributor to Infowars and the author of the new groundbreaking book, Confessions of an Illuminati Vol. 6.66 The Age of Cyber Satan, Artificial Intelligence, and Robotics.


Source: InfoWars

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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DNA Force Plus

149.95

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DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

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Source: InfoWars

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DNA Force Plus

Limited Advanced Release

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

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Source: InfoWars

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It’s the type of crime that doesn’t happen every day.

Police in the suburbs of Philadelphia say three suspects broke into a medical facility in Wynnewood, Pennsylvania, last Saturday and fled with 18 colonoscopies – devices used for examining the health of patients’ colons.

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

AMERICAN SUPERMODEL PAT CLEVELAND ‘STAYING STRONG’ FOLLOWING COLON CANCER DIAGNOSIS

The devices were reportedly worth a total of about $450,000, authorities said.

But police were perplexed about what the suspects might have planned to do with the instruments.

“This is not something that a typical pawn shop might accept,” Lower Merion Police Detective Sergeant Michael Vice told Philadelphia’s WCAU-TV. “My feeling would be that it was some type of black market sales.”

Such a market apparently does exist, Lower Merion Police Superintendent Michael J. McGrath told Philly.com.

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“They appeared to know precisely where to go, and they pried the door open,” McGrath said of the suspects, who were captured on surveillance video leaving the facility, carrying bulging backpacks.

Police are hoping the suspects will be caught in the end.

Source: Fox News National

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