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Reservoir to be flushed because of urinating teen

PORTLAND, Ore. (AP) — The mix of 38 million gallons of treated water and one teen's urine has proven unacceptable to Portland officials who plan to flush away the whole lot — the second time in less than three years the city has gone to such lengths to keep its water pure.  More »

Obama budget plan would boost U.S. tax revenues, cut deficits: CBO

President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenues by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday. There is virtually no chance that Congress will advance Obama's plan in its entirety. But the CBO's latest analysis will feed campaign messaging by both Democrats and Republicans ahead of congressional elections in November. The analysis compares Obama's request to a new "baseline" estimate that CBO released last week that assumes no changes to current tax and spending laws.  More »

Teva, Pfizer settle patent lawsuit over blockbuster painkiller

(Reuters) - Teva Pharmaceutical Industries Ltd said it settled a patent lawsuit with Pfizer Inc, allowing the Israeli drugmaker to launch a generic version of Pfizer's blockbuster painkiller Celebrex in December. In March, a U.S. court invalidated a patent covering Celebrex, giving Pfizer's rivals a chance to sell cheaper versions. Pfizer had said it would appeal the ruling. The drug, which is used to treat arthritis pain and inflammation, generated about $2.92 billion in sales in 2013, according to Pfizer's annual regulatory filing.  More »

GSK, facing bribery claims, battles to build new sales model

Following a decision to cut commercial ties with outside doctors, GSK expects to increase its in-house team of physicians by 10-20 percent over the next year or so from around 1,500 at present, Chief Medical Officer James Shannon told Reuters. GSK is now investigating claims that bribes were paid to doctors in Poland, Iraq, Jordan and Lebanon, following a much larger case of alleged bribery in China. Chinese authorities in July accused GSK of funneling up to 3 billion yuan ($483 million) to doctors and officials to encourage them to use its medicines in a case that the company has described as "shameful". The firm aims to become the first in the industry to stop paying outside doctors to promote its products, end payments for medics to attend conferences and delink incentives for sales representatives from individual sales targets.  More »

Study: Diabetic heart attacks and strokes falling

NEW YORK (AP) — In the midst of the diabetes epidemic, a glimmer of good news: Heart attacks, strokes and other complications from the disease are plummeting.  More »

Ebola virus in Africa outbreak is a new strain

The Ebola virus that has killed scores of people in Guinea this year is a new strain — evidence that the disease did not spread there from outbreaks in some other African nations, scientists report.  More »

California city evacuation lifted after military ordnance found

(Reuters) - An evacuation order was lifted in a California city on Thursday after a piece of potentially explosive "military ordnance" reported in its business district was rendered safe, the Santa Barbara County Sheriff's Office sai...  More »

Reservoir to be flushed because of urinating teen

PORTLAND, Ore. (AP) — The mix of 38 million gallons of treated water and one teen's urine has proven unacceptable to Portland officials who plan to flush away the whole lot — the second time in less than three years the city has gone to such l...  More »

Obama budget plan would boost U.S. tax revenues, cut deficits: CBO

President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenues by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on T...  More »

Teva, Pfizer settle patent lawsuit over blockbuster painkiller

(Reuters) - Teva Pharmaceutical Industries Ltd said it settled a patent lawsuit with Pfizer Inc, allowing the Israeli drugmaker to launch a generic version of Pfizer's blockbuster painkiller Celebrex in December. In March, a U.S. court invali...  More »

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