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Drug company used rap video to push for higher doses, sales

“Company founder John Kapoor and four other former executives are charged with scheming to pay bribes and kickbacks to physicians to induce them to prescribe higher doses” reports thebusinessjournal.com. Babich, who pleaded guilty in January, took the stand this week and said Kapoor pushed to get patients on higher doses so they would continue taking the drug, which meant more money for the company. Source: thebusinessjournal.com

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Top T-Mobile and Sprint executives defend merger to Democrats

“The big picture: Democrats’ concerns about the impact of the merger ran the gamut” reports axios.com. What’s next: The House Judiciary Committee had planned a hearing with the executives, but that was postponed — raising the prospect the executives will face another grilling from lawmakers in the future.The bottom line: Congress has no say in merger approvals.Details: T-Mobile CEO John Legere was aggressive in maintaining that costs would not go up for consumers and that the company would not employ fewer people after the merger than the two do now. Source:…

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Twilio’s Top Executives React to Earnings Result

“Twilio (TWLO) couldn’t keep its hot streak going on earnings Tuesday evening” writes Twilio’s Top Executives for thestreet.com. Uber once represented almost 20% of Twilio’s revenue, but Tuesday’s earnings didn’t break out any specific customer’s sales due to increased diversification.The San Francisco-based company reported $0.04 in earnings per share, in-line with analysts’ consensus estimates.The cloud-computing company’s stock is cooling off in after-hours trading after not crushing it on quarterly earnings for the first time in a long time. Source: thestreet.com

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Amazon reconsiders new campus in New York City: Report

“In recent weeks, New York City Council members challenged Amazon executives at a hearing as protesters booed and held up anti-Amazon signs, the Post noted” reports washingtonexaminer.com. Two sources said executives at Amazon have been reassessing whether to bring the campus to New York, which would bring in 25,000 new jobs, or explore alternatives. Source: washingtonexaminer.com

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Amazon invests in self-driving car startup run by former Google and Tesla executives

“But the investment in Aurora is the first public connection between the company and self-driving passenger cars” writes Feb Est for theverge.com. Aurora Innovation, the autonomous tech startup run by the former head of Google’s self-driving car division, just landed a funding round of half a billion dollars from a large group of investors — and Amazon was one of them.The company also announced a service last year where it will allow people to accept deliveries in the trunk of their car. Source: theverge.com

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America’s business leaders reveal the things they are most worried about in a new UBS survey

“Healthcare, meanwhile, reported the weakest margin expectations of all the sectors, along with below average sales expectations” writes Rebecca Ungarino for businessinsider.com. Still, UBS said executives reported “continued confidence” in earnings growth for this year, with 68% expecting profit margins to expand.FactSet projects S&P 500 earnings will fall 0.8% year-over-year drop during the first quarter.More granularly, executives’ sales- and profit-growth expectations were strongest among financial and technology firms.In other words, executives became less optimistic about underlying profitability factors like the costs associated with labor, raw materials, commodities, and taxes. Source: businessinsider.com

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WhatsApp says it bans about 2M fake or abusive accounts each month, 75% of them without manual intervention, 20% of them at the time of registration itself

“Seventy-five percent of the 2 million accounts WhatsApp bans in a month are handled without human intervention or a report filed by a user, said Carl Woog, a spokesperson for WhatsApp” writes Manish Singh for venturebeat.com. WhatsApp executives said they have spoken with representatives of political parties in India to outline appropriate use of the platform.Jones said WhatsApp has identified various ways users abuse the platform, including through special software that allows users to run multiple instances of different WhatsApp accounts on the same computer.Overall, WhatsApp bans about 2 million…

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WhatsApp on how it’s fighting bulk messaging and fake accounts

“Jones said WhatsApp had identified various ways users were abusing the platform, including usage of special software that allowed users to run multiple instances of different WhatsApp accounts on the same computer” writes Manish Singh for venturebeat.com. WhatsApp executives said they have held conversations with political parties in India to note that they should not abuse the platform.Overall, WhatsApp bans about two million accounts on its platform each month, executives said.The machine learning system used by WhatsApp uses learning from the company’s past dealings with accounts and some specific scenarios…

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Goldman Sachs says 1MDB scandal could hit pay for top executives

“The Wall Street bank also said it paid Solomon $23 million in total compensation in 2018, a 9.5 percent jump from his 2017 compensation” writes Midwest Communications Inc for 95kqds.com. Blankfein received $20.5 million in annual compensation in 2018, down $3.5 million from 2017.The bank also introduced a new forfeiture provision in its annual compensation plans for both its most senior executives, current Chief Executive David Solomon and former head Blankfein, relating to the ongoing 1MDB proceedings. Source: 95kqds.com

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