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  May 24, 2013, 6:01 pm

Drug company pleads guilty to felony kickback scheme, pays $33.5M

By Julian Hattem

A pharmaceutical company is admitting that it marketed a drug for unapproved uses and tried to buy off doctors with golf outings and wine tastings.

On Friday, ISTA Pharmaceuticals pled guilty to conspiracy to introduce a misbranded drug and to pay illegal kickbacks for its eye drug Xibrom.

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Archived under: Medical Devices and Prescription Drug Policy, Healthcare
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  May 24, 2013, 5:20 pm

NASA embarks on mission to lasso asteroid

By Ben Goad

The National Aeronautics and Space Administration is moving forward with its plan to put an American on an asteroid by 2025, and study the rock for clues that could save the Earth from a potential doomsday scenario.


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Archived under: NASA, Technology
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  May 24, 2013, 2:26 pm

Senators jump onboard toxic chemical bill

By Julian Hattem

Four senators are adding themselves to a bipartisan pack of lawmakers who support new toxic chemical regulation.

They join the 16 other senators co-sponsoring a bill unveiled this week to update federal rules dealing with toxic chemicals.

"Senate support is growing for the Chemical Safety Improvement Act, which creates an effective approach for screening all chemicals for safety and acting on those found to be dangerous," Sen. Frank Lautenberg (D-N.J.), who is one of the bill's authors, said in a statement. 

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Archived under: E2-Wire, Legislation
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  May 24, 2013, 1:43 pm

Republicans accuse Obama administration of ‘regulatory hide and seek’

By Ben Goad

A group of GOP House members are demanding information about the Obama administration’s rulemaking plans, saying the White House’s failure to publish its statutorily required regulatory agenda is causing uncertainty among businesses.

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Archived under: Pending Regs
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  May 24, 2013, 12:12 pm

38 Hawaiian species declared endangered after court case

By Julian Hattem

The federal government is adding more than three dozen Hawaiian plants and animals to the list of endangered species as result of an environmental group's legal action.

Thirty-five new plants and three tree snails should be protected, the Fish and Wildlife Service (FWS) said in a rule to be published on Tuesday. 

The action will prevent unauthorized possession, sale or transport of the species and allows the agency to protect their critical habitat.

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Archived under: Energy/Environment
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  May 24, 2013, 12:10 pm

Schumer warns Sprint deal could open door to Chinese hackers

By Brendan Sasso

Schumer is concerned about a proposed deal allowing Japan's SoftBank to buy Sprint. Read more...

Archived under: Technology, China, Global Trade & Economy, Technology
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  May 24, 2013, 10:18 am

Tuesday's meeting announcements: Nuclear reactor safeguards

By Julian Hattem

New advisory board meetings and hearings will be announced after Memorial Day. Here's what to expect:

Three Nuclear Regulatory Commission subcommittees for reactor safeguards are meeting June 4 in Rockville, Md., to discuss planning and safety operations.

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Archived under: Other
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  May 24, 2013, 9:31 am

New regs for Tuesday: Night lights for sunken boats

By Julian Hattem

After Memorial Day, a host of new rules and regulations will come out in the Federal Register. Here's what is waiting after the long weekend:

Transportation:
The Coast Guard wants to allow for a requirement that sunken vessels be marked with a light at night be waived in instances where it would not harm navigation. 

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Archived under: Pending Regs
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  May 24, 2013, 7:55 am

News bites: Resurgent Wall Street helping draft financial laws

By Ben Goad

Lobbyists for big banks have played a significant role in drafting legislation to soften financial regulations, The New York Times reports.

New guidelines for drone attacks, announced by President Obama, could reduce “signature strikes” that target groups instead of individuals, according to Reuters.

The Federal Trade Commission is investigating Google over its display ad policies, The Washington Post reports.

The Federal Reserve is sending mixed messages about plans to ratchet back its $85 billion-per-month bond-buying program, according to The Wall Street Journal. 

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Archived under: Finance
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  May 23, 2013, 5:54 pm

Bipartisan bill would overhaul regulatory system, target ‘mega-rules’

By Ben Goad

A group of 16 lawmakers on Thursday reintroduced bipartisan, bicameral legislation designed to ease the burden of federal rules on American businesses with major changes to the regulatory process.

Executive branch agencies would face greater requirements to measure the costs and benefits of proposed regulations and would be forced to disclose additional information about their decision under the bill.  So-called “mega rules,” regulations that cost more than $1 billion annually, would be subjected to congressional hearings.

“By building a decision-making process based on results and costs, our bill fights overreaching regulations to give businesses the certainty, confidence, and flexibility they need to invest and expand,” said Sen. Mark Pryor.

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Archived under: Legislation
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