Mylan, the manufacturer of EpiPens, is facing public outcry and congressional scrutiny after raising prices more than 400% since 2012. CEO Heather Bresch blamed the US health care system for making patients pay so much, while arguing that Mylan needs to make high profits domestically to offset its costs and European price limits.
Entrepreneurs should move beyond a mindset of absolute success or failure and instead think in terms of radical self-inquiry, says venture capitalist Brad Feld. "As a founder, you're on a journey, and that journey, by definition, is gonna have lots of things that work and lots of things that don't work," he says.
The role of the chief technology officer in K-12 education has changed since it first began to be necessary about two decades ago. In this interview, four veteran CTOs discuss the importance of the role and how it has evolved as technology has changed and become more mainstream.
Federal Reserve Chair Janet Yellen may have teed up an increase in interest rates in her much-anticipated speech on the economy today. "I believe the case for an increase in the federal funds rate has strengthened in recent months," she said.
Ahold Delhaize reported strong results for the combined company in the second quarter, with CEO Dick Boer saying the merged retailer is seeing "good momentum." "We look forward to continuing to shape Ahold Delhaize, with a strong commitment to delivering great food, value and innovations for customers across our 11 markets, both in stores and online," he said.
A volunteer firefighter received a face transplant last August in an operation that reconstructive surgeon Eduardo Rodriguez said was the most extensive face transplant to date. The patient's hair, eyelids, ears, lips and most of his nose were burned off in a 2001 house fire, but since the transplant he is no longer afraid to be seen in public.
Mercedes-Benz's latest spot, "Timeless," uses computer-generated technology to turn tennis star Roger Federer into other tennis icons, including John McEnroe and Andre Agassi. The humorous ad shows how the Mercedes SL has changed over the years and has garnered 6.4 million views, Visible Measures reports.
J.C. Penney CEO Marvin Ellison's focus on merchandising and mall negotiations as key parts of the retailer's turnaround strategy are paying off. All but about 10 of the retailer's more than 1,000 stores are profitable, and store-closing plans by Macy's and Sears may make J.C. Penney the sole anchor at some US malls.
Google has launched "The Hidden Worlds of the National Parks," a project that uses virtual reality to transport people to national parks around the country. Users can experience a park in 360-degree images while a ranger leads them through a guided tour.
Mallinckrodt's Synacthen Depot, or tetracosactide, has received fast-track status from the FDA as a treatment for Duchenne muscular dystrophy. The drug, a long-acting depot formulation of a synthetic 24 amino acid melanocortin receptor agonist, is being assessed in an early-stage trial.
Media companies are investing in more video and over-the-top options to appeal to a wider audience of younger viewers. Competition to reach millennial viewers has gotten more aggressive, with recent developments including BuzzFeed splitting its entertainment and news departments, speculation about Disney acquiring Vice and Spotify delving into original video programming.
The 350-foot-tall Arrowrock Dam near Boise, Idaho, featured innovative engineering ideas when it was constructed 101 years ago as the world's highest dam. The American Society of Civil Engineers recently named it a national historic civil engineering landmark.
President Barack Obama will today designate almost 600,000 square miles of ocean off the coast of Hawaii as a national monument, creating the world's largest marine conservation area. Earlier in the week, Obama also designated 87,500 acres of Maine forest as a protected national monument.
This year, Southwest capped 11 years of steady growth, becoming the primary carrier out of Pittsburgh International Airport. The airline added flights to Los Angeles this month, and CEO Gary Kelly said he expects continued growth in the years ahead.
Younger guests are driving high demand in national parks' lodging as 100th anniversary promotions run headlong into limited capacity for more bookings.