Google cracks down on fake medicine. Lloyd Minor, Dean of the Stanford School of Medicine, is up with an op-ed on Fortune explaining why he believes it's so important for tech giants like Google to crack down on misleading health claims and falsely advertised medicine. "Last Friday, Google announced that it would no longer accept ads for 'unproven or experimental medical techniques.' This is a welcome first step, and I am hopeful that this action will have an impact and encourage others to follow," Minor writes. "Left unchallenged, the deceptive marketing we see today could undermine real potential benefits for future generations." You can read the whole thing here. (Fortune)
Mallinckrodt shares soar following contract manufacturing arm sale. Shares of specialty pharmaceuticals firm Mallinckrodt soared a staggering 85% in Tuesday trading after the company announced it would sell its drug manufacturing arm to a private equity firm. The subsidiary, BioVectra, will be sold to H.I.G. Capital in a deal that could be worth some $250 million. The sale comes as Mallinckrodt reckons with a number of lawsuits related to its alleged role in the opioid epidemic—and a thirst for quick cash. (Wall Street Journal)
The Support of Her Company
How a company supports employees through the pivotal moments in their lives matters. ThriveXMIndex focuses on five key experiences (Career, Family, Health, Financial, and Time). Here, SAP SuccessFactors CMO Kirsten Allegri Williams shares how she reintegrated back to work after beating cancer: Watch the video.
THE BIG PICTURE
Gavi Vaccine Alliance, others praised with Lasker biomedical research awards. The Lasker Foundation has announced its latest round of award recipients—one of the most respected honors within the biomedical community. This year, winners include the Gavi Vaccine Alliance, backed by the Bill & Melinda Gates Foundation, which was singled out for its work to immunize children in some of the world's poorest regions from infectious diseases such as HIV/AIDS, malaria, and tuberculosis.
Commentary: To Lower Health Care Costs, Look to International Innovations, by Vijay Govindarajan
Jack Ma Ends 20-Year Reign at Alibaba With $41.8 Billion Net Worth, by Bloomberg
Everything Announced at the Apple Event Today, by Don Reisinger
How the Energy Industry Is Using Data to Decarbonize Itself, by Fortune Editors
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