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Vermont, et al, lawsuit alleges conspiracy to fix prices on 100+ different generic drugs

Mon, 05/13/2019 - 5:31pm -- Anonymous

Vermont Business Magazine Attorney General TJ Donovan joined 43 states in in filing suit against Teva Pharmaceuticals and 19 of the nation's largest generic drug manufacturers. The lawsuit alleges a broad conspiracy to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade for more than 100 different generic drugs. The complaint, filed in US District Court for the District of Connecticut, also names 15 individual senior executive defendants at the heart of the conspiracy.

Sanders and Cummings vow to hold drug companies accountable in price-fixing conspiracy

Mon, 05/13/2019 - 5:15pm -- Anonymous

Vermont Business Magazine Senator Bernie Sanders (I-Vermont), Ranking Member of the Senate Budget Committee, and Representative Elijah Cummings (D-MD), the Chairman of the House Committee on Oversight and Reform, responded to revelations that generic drug companies reportedly engaged in an effort to obstruct a 2014 congressional investigation launched by the two lawmakers into the firms’ price-fixing practices.

Vermont State Police identify troopers involved in Tunbridge shooting

Mon, 05/13/2019 - 5:12pm -- Anonymous

Vermont State Police WATERBURY, Vermont (May 13, 2019) — The Vermont State Police is releasing the identity of the two troopers who fired their patrol rifles during Saturday’s officer-involved shooting in Tunbridge during which an armed suspect was holding a hostage and pointing a handgun at police. The suspect was killed and the hostage was unharmed.

Blue Cross (15.6%) and MVP (9.4%) request rate hikes

Mon, 05/13/2019 - 3:17pm -- Anonymous

Vermont Business Magazine On Friday, May 10, the Green Mountain Care Board (GMCB) received and began its review of the proposed 2020 health insurance rates for plans offered to individuals, families and small businesses through Vermont Health Connect. Blue Cross Blue Shield of Vermont (BCBSVT) is requesting an average annual rate increase of 15.6 percent over 2019 rates, while MVP Health Care is requesting a 9.4 percent average annual rate increase.

April tax revenues show strong personal and corporate results

Mon, 05/13/2019 - 12:16pm -- Anonymous

by Timothy McQuiston, Vermont Business Magazine Consistent with last month and Vermont Business Magazine expectations, tax revenue collections for the month of April 2019 continue to exceed targets. April marks the tenth month of Fiscal Year 2019 and is an important month for net tax revenue collections as tax returns peak and refunds are calculated. The vital personal income tax had another strong month more 22 percent above its target for the month and nearly 6 percent ahead of year-to-date targets. General Fund tax revenues collected for the month totaled $248.69 million, or $44.69 million above the April consensus target. Year-to-date, fiscal year 2019 General Fund revenues are $50.06 million, or 4.58 percent, above expectations. Until the last two months, tax revenues had been very close to targets, if even a little below.

Google boasts over $2 billion in Vermont economy in new report

Mon, 05/13/2019 - 11:25am -- Anonymous

Vermont Business Magazine Today, Google announced that 2,900 businesses, publishers, and nonprofits in Vermont used Google search and advertising tools to connect with the people and communities they serve -- generating $2.18 billion in economic activity. By using Google products businesses increased their online presence and were able to grow, bringing more money and jobs into the local economy. The impact in Vermont was third highest in New England, behind only Massachusetts and Connecticut and more than New Hampshire, Maine and Rhode Island combined.

Tebbetts: Meeting the challenge of change in agriculture

Mon, 05/13/2019 - 10:21am -- Anonymous

by Vermont Agriculture Secretary Anson Tebbetts Farmers are always facing change. Change is challenging. From wild weather swings to global market forces, farmers are always riding stormy seas. Change was the primary theme recently at a Dairy Summit in Jay. The two-day summit brought together more than 240 people from Vermont, New Hampshire, New York and New England. All those attending the summit, including more than 100 dairy farmers, were intentional in their desire to make positive changes to the industry.

Leonine: Lawmakers head into final (maybe) week

Sun, 05/12/2019 - 8:19am -- Anonymous

Leonine Public Affairs The majority of the conversation in the State House last week focused on the money bills, paid family leave, minimum wage, the abortion rights bill, the 24hour waiting period for handguns and the cannabis tax and regulate bill. These issues have been high profile throughout the 2019 session. There has been ongoing speculation there is a deal in the works that would ensure the paid family leave and minimum wage bills will be signed into law by Governor Scott. But, with a week or more to go in the session it's unclear whether such a deal will be finalized.

With only one week left until the scheduled adjournment, it's unclear whether the 2019 General Assembly will be able to complete its work by then. At this time of year the rumors really start to fly making it difficult to determine what’s reality and what’s political misdirection.

Runamok Maple goes solar at 55,000-square-foot plant

Sat, 05/11/2019 - 8:42pm -- Anonymous

Vermont Business Magazine Runamok Maple, a maker of all-natural, organic maple syrup that is produced from maple trees located along the northwest slopes of Vermont’s Mount Mansfield, partnered with Vermont-based Norwich Solar to convert its 55,000-square-foot production facility to operate exclusively on solar energy. The transition stems from the company’s dedication to developing an environmentally sustainable operation.

UVM study: AI can detect depression in a child’s speech

Sat, 05/11/2019 - 1:42pm -- Anonymous

Vermont Business Magazine A machine learning algorithm can detect signs of anxiety and depression in the speech patterns of young children, potentially providing a fast and easy way of diagnosing conditions that are difficult to spot and often overlooked in young people, according to a new study by University of Vermont researchers published in the Journal of Biomedical and Health Informatics.

Windham County’s economy shows promise even after losing VY wages

Sat, 05/11/2019 - 11:15am -- Anonymous

by Olga Peters, Vermont Business Magazine Forty-three thousand, six hundred and nine people call Windham County home. Their average commute time is 24 minutes, pointing to a labor market that lives in one town and drives to another for work. Living locally and acting in a regional economy is a trait the residents and their county share. It is also a trait that points to Windham County’s growth potential, despite its, at times, lackluster economy.

Self-governance would give towns a bit of freedom from Montpelier

Sat, 05/11/2019 - 11:14am -- Anonymous

by Olga Peters, Vermont Business Magazine Supporters of a self-governance pilot program modeled after West Virginia’s say it would allow towns to take a more flexible, creative, and responsive approach to their daily business.

If passed, S106 (its counterpart is H241) would establish a 10-town self-governance pilot program. This program would grant the participating municipalities more local authority. The initiative is being spearheaded by the Vermont League of Cities and Towns, but had its genesis in Brattleboro.