Prosecutors for 44 U.S. states outlined Saturday why they filed a lawsuit accusing 20 drug firms of conspiring to inflate prices.
Details: The prosecutors alleged after filing the suit in the U.S. District Court in Connecticut Friday that Teva Pharmaceuticals USA orchestrated the scheme with 19 other drug firms to stifle competition for generic drugs and increase prices sometimes by more than 1,000%. Teva Pharmaceutical Industries Ltd denied the claims to Reuters and said it would fight the lawsuit.
Philip Morris International Inc. has halted a global social media campaign that featured a young international women promoting its new IQOS "heated tobacco" device, Reuters reports.
Why this matters: When the tobacco company hired 21-year-old Alina Tapilina, a Russian social media influencer, it violated the company's internal marketing standards that prohibit them from employing young celebrities or models who are under the age of 25, per CNBC. Earlier this year, CEO André Calantzopoulos said: "We at Philip Morris International do not, and will not, market or sell our products to youth," according to Reuters.
