Kamis, 07 November 2019

Vaping is 'NOT worth' the potential heart risk, researchers warn - Daily Mail

Vaping is 'NOT worth' the potential heart risk, researchers warn amid spate of nearly 40 deaths and 1,900 illnesses linked to e-cigarettes in US

  • E-cigarettes have been marketed as 'safer' than cigarettes
  • Cigarettes are the number one preventable risk factor for heart disease 
  • Mysterious lung illnesses linked to the devices have killed 39 in the US - but the long-term effects are not yet known 
  • An Ohio State University review of the the research that's been done so far suggests that vaping is damaging to the heart and blood vessels
  • Though the study authors say much more research is needed on the long-term effects, short-term evidence suggests vaping is 'not worth the risks'  

Vaping can still cause heart disease despite being touted as a healthy alternative to smoking, warns a new study.

On top of nicotine, research shows vapes contain particulate matter, metals and flavorings - all of which contribute to cardiovascular problems.

The US has seen nearly 40 deaths linked to short-term use of e-cigarettes, and the immediate effects on the heart and blood vessels seen in the handful of completed studies suggest they could do long-term cardiovascular damage. 

Simply put: vaping is 'just not worth the risk,' said lead author of the new Ohio State University study, Nicholas Buchanan. 

A new review of early research on the heart and blood vessel effects of vaping suggests that the devices are far from 'safe,' warn Ohio State University researchers (file)

A new review of early research on the heart and blood vessel effects of vaping suggests that the devices are far from 'safe,' warn Ohio State University researchers (file) 

He and his team reviewed the research that's been done on the cardiovascular effects of e-cigarettes so far and, though they say many more and larger studies are desperately needed, the early evidence suggests the devices cannot be called 'safe.'

Vaping has increased from around seven million users in 2011 to 41 million last year - with a projected increase to more than 55 million by 2021, according to the World Health Organization. 

'Many people think these products are safe, but there is more and more reason to worry about their effects on heart health,' said Senior author Loren Wold, director of biomedical research at the Ohio State University College of Nursing. 

The data suggests that fine particles from e-cigarette may enter the bloodstream and affect the heart, working in a similar way to air pollution.

The researchers suggest that this could lead to increases in blood pressure, stiffness in the arteries, inflammation and, over time, heart disease.

Professor Wold said: 'We know these problems are seen in these studies looking at the short-term effects of vaping, but that research is inconsistent and the impact of chronic e-cigarette use is an outright mystery.

'The potential harm to the heart over time is essentially unstudied.'

He believes the study should give vapers pause, and highlight the need for e-cigarette regulation to force companies to tell their customers exactly what they're inhaling.

Study lead author Nicholas Buchanan, a research assistant at Ohio State, said: 'Especially for someone who had never smoked, it is just not worth the risk and it seems pretty conclusive that you can say they're not harm-free.

The short-term effects of vaping have already been linked to 39 deaths across 24 states (red) across the US, but the long-term effects of trendy e-cigarettes remain to be seen and studied

The short-term effects of vaping have already been linked to 39 deaths across 24 states (red) across the US, but the long-term effects of trendy e-cigarettes remain to be seen and studied

'There's a vast variety of e-liquids and different devices out there and the manufacturers don't have to tell you what's in them.

'For example, recent reports of vaping-related illnesses and deaths has yet to be narrowed down to a single substance or product.

'While the use of THC-containing products seems to be associated to these cases, the Centers for Disease Control and Prevention has reported that illnesses don't appear confined to only these types of products.'

Smoking cigarettes is the most preventable risk factor for cardiovascular disease and death and, because of vaping's perceived safety in comparison, many smokers have switched to e-cigarettes.

Mr Buchanan added: 'Most worrisome are the numbers of children and teens who are picking up the habit - who may have never started smoking conventional cigarettes.

'We have no idea what they health implications are for them down the road.

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https://www.dailymail.co.uk/health/article-7658209/Vaping-NOT-worth-potential-heart-risk-researchers-warn.html

2019-11-07 05:07:00Z
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More than 2 million pounds of chicken products recalled in eight states - CNN

Arkansas-based Simmons Prepared Foods, Inc. recalled the items produced from October 21 through November 4 this year. They are 2,071,397 pounds of poultry products, including ready to cook chicken whole legs, boneless skinless chicken, halal chicken leg quarters and chicken tenderloins, the US Department of Agriculture's Food Safety and Inspection Service said Wednesday.
The products subject to recall have an establishment number "P-1949," "P- 486" or "P-5837" inside the USDA mark of inspection, and were shipped to Alabama, Arizona, Arkansas, California, Georgia, Minnesota, Oklahoma and Pennsylvania.
Those who've purchased the products are urged to throw them away or return them to the store.

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https://www.cnn.com/2019/11/07/health/chicken-products-recall/index.html

2019-11-07 05:59:00Z
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Rabu, 06 November 2019

CVS to close 22 drugstores next year - CNBC

Pedestrians walk by a CVS store on November in San Francisco, California.

Justin Sullivan | Getty Images

CVS Health will close 22 "underperforming" drugstores early next year in addition to the 46 stores it shuttered earlier this year, the company said Wednesday in a regulatory filing.

Details of the locations of the stores weren't immediately disclosed. The company recorded a $96 million impairment charge on its third-quarter earnings related to the 22 stores. It recorded a $135 million charge in the first quarter related to the 46 stores it closed during the second quarter.

"We believe these decisions will generate enhanced longer term performance," CVS Chief Financial Officer Eva Boratto told analysts Wednesday on a call reviewing third-quarter results. "Our real estate footprint remained very productive, and we will look for opportunities to further improve the performance in our portfolio."

Drugstores are under threat as consumers buy more pharmacy items online and new competitors sell prescription drugs online. Rival Walgreens earlier this year said it would close 200 stores. Amid upheaval in the industry, CVS executives have said they do not expect "meaningful" store closures.

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https://www.cnbc.com/2019/11/06/cvs-health-to-close-22-drugstores-next-year.html

2019-11-06 13:07:22Z
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Xerox Considers $27 Billion HP Takeover: WSJ - Investopedia

Xerox Holdings Corp. (XRX) is considering making a cash-and-stock offer for HP Inc. (HPQ), a company with market value over three times its own, according to sources speaking with The Wall Street Journal.

According to the report, the Xerox board talked about the possibility on Tuesday, and any bid would be at a premium to HP's stock price. The sources added that the copy machine manufacturer has received an informal funding commitment letter from a major bank and a merger could cut $2 billion in costs.

HPQ shares, which are down 10% this year, were lifted 9.7% by the news in pre-market trading.

The news comes a day after Xerox ended an almost two-year long dispute with Fujifilm. Last year Xerox terminated a deal to be acquired by Fujifilm for $6.1 billion after activist investors Carl Icahn and Darwin Deason said it undervalued Xerox. This prompted the Japanese firm to sue for damages. Fujifilm has now withdrawn the litigation it filed and will acquire Xerox's stake in the companies' 57-year-old joint venture. This will add $2.3 billion to Xerox's coffers.

Founded in 1906 as the Haloid Company, Xerox is synonymous with photocopying in most parts of the world. However, the Norwalk, Connecticut-based firm is struggling to maintain its relevance as customers adopt a paperless lifestyle. HP, which was formed in 2015 when Hewlett-Packard was divided into two different companies, faces a similar problem as its dependence on its printing supplies business has grown. In October, it announced it would layoff 16% of its workforce to save $1 billion in annualized costs by the end of fiscal 2022. The Journal noted that bankers expect old giants like Xerox, HP and Japan’s Canon Inc. to be "primed for consolidation" due to the rapidly changing tech landscape.

However, Xerox shares have staged a remarkable comeback in 2019 and are up 84% year-to-date on the back of the firm's dynamic new strategy. “By simplifying our operations, instilling a culture of continuous improvement, investing in growth areas and capitalizing on new and adjacent market opportunities, we anticipate that we can achieve flat to growing revenue by 2021, while driving continued annual adjusted earnings per share expansion, including at least $4.00 of adjusted earnings per share in 2020, and delivering over $3 billion of cumulative free cash flow over the next three years,” said John Visentin, Xerox vice chairman and CEO, at Investor Day in February. Visentin was appointed by Icahn amid the 2018 Fujifilm tussle. Icahn has a close to 11% stake in Xerox and began his activism at the company in 2015.

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https://www.investopedia.com/xerox-mulls-hp-takeover-wsj-4775449

2019-11-06 11:47:07Z
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CVS Health third-quarter profit rises 10% on Aetna sales - CNBC

Pedestrians pass in front of a CVS location in New York.

Scott Mlyn | CNBC

CVS Health on Wednesday reported third-quarter earnings that beat Wall Street's estimates as its Aetna insurance business helped juice the company's profit by 10%.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.84, adjusted, vs. $1.77 expected
  • Revenue: $63.81 billion vs. $62.99 billion expected

CVS reported net income of $1.53 billion, or $1.17 per share, up 10% from $1.39 billion, or $1.36 per share a year earlier. Excluding one-time items, such as a charge related to closing stores, CVS earned $1.84 per share, above the $1.77 per share expected by analysts surveyed by Refinitiv.

Revenue reached $63.81 billion, a sharp increase from a year earlier, before CVS acquired health insurer Aetna in November.

"As we approach the first anniversary of the Aetna acquisition, we are increasingly confident in the strength of our broad and differentiated assets as a combined company and our ability to deliver compelling value to our customers and the communities we serve," CVS CEO Larry Merlo said in a statement.

The company raised its full-year adjusted earnings forecast to between $6.97 to $7.05 per share from the previously guided range of $6.89 to $7 per share.

Shares of CVS rose 2.5% Tuesday in premarket trading.

Read the complete earnings release here.

Correction: An earlier version misstated third-quarter revenue results in one reference.

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https://www.cnbc.com/2019/11/06/cvs-health-earnings-q3-2019.html

2019-11-06 11:58:13Z
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'I shut my eyes,' SoftBank CEO Masayoshi Son says after losing more than $4.7 billion on WeWork - Business Insider

Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018.SoftBank CEO Masayoshi SonKim Kyung-Hoon/Reuters

  • SoftBank lost at least $4.7 billion by investing in WeWork after the shared-workspace group's IPO collapsed and its valuation plunged from $47 billion in January to below $10 billion.
  • "My own investment judgment was really bad. I regret it in many ways," CEO Masayoshi Son said at a news conference, according to the Wall Street Journal. 
  • SoftBank reduced its overall valuation of WeWork to $7.8 billion.
  • Watch SoftBank trade live.

SoftBank lost at least $4.7 billion by investing in WeWork after the shared-workspace group's IPO collapsed and its valuation plunged from $47 billion in January to below $10 billion.

In an earnings filing on Wednesday, the Japanese conglomerate slashed its estimated valuation of the embattled startup to $7.8 billion as of the end of September.

The WeWork writedown fueled an $8.9 billion operating loss at SoftBank's Vision Fund and Delta Fund in the second quarter — a sharp swing from their $3.6 billion profit in the same period last year. The upshot was an overall operating loss of $6.5 billion.

'I regret it'

SoftBank CEO Masayoshi Son shouldered the blame for the weak results, according to the Wall Street Journal. "My own investment judgment was really bad. I regret it in many ways," he said at a news conference.

Son also admitted to overlooking the controversial behavior of WeWork cofounder and former CEO Adam Neumann, who leased properties to his company, charged it nearly $6 million for the "We" trademark, and raised $700 million by selling and borrowing against company stock.

"I shut my eyes to a lot of his negative aspects," Son said, according to the Journal.

SoftBank agreed a $9.5 billion rescue package with WeWork last month in exchange for an 80% stake in the ailing business. The deal includes $1.5 billion in warrants, up to $3 billion in stock purchases, and $5 billion in debt financing. The company didn't assess the financial impact of the funding agreement in its latest earnings.

SoftBank has invested a total of $10.3 billion in WeWork, comprising $6 billion from a wholly owned subsidiary and $4.3 billion from its Vision Fund. It cut the estimated value of the subsidiary's stake by $4.7 billion to $1.3 billion, and more than halved the value of the Vision Fund's investment to $2.1 billion.

Son told colleagues "we created a monster" in WeWork by investing billions only to end up bailing it out, the Financial Times reported.

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https://www.businessinsider.com/softbank-lost-at-least-47-billion-wework-valuation-2019-11

2019-11-06 12:18:41Z
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Tesla secures battery cell supply deal with CATL, report says - Electrek

Tesla has reportedly secured a battery supply deal with CATL, China’s biggest battery manufacturer, to supply cells for Gigafactory 3 in Shanghai and potentially expand to other production facilities.

As of now, Panasonic is the only approved battery cell supplier for Tesla’s vehicles, but things are changing fast.

Since Tesla’s inception, Panasonic has always been the automaker’s sole battery suppliers for vehicles with the very small exception of a short-lived Tesla Roadster 3.0 battery replacement program.

Panasonic made cells in Japan and exported them to California for Tesla’s Model S and Model X programs, while the two companies partnered to make the cells for Model 3 at Gigfactory 1 in Nevada.

Over the last few years, Tesla started using battery cells from Samsung SDI and LG Chem for its stationary energy storage products, but Panasonic always had the exclusive contract to supply the automaker with battery cells for its electric vehicles.

Now it’s apparently about to change.

Earlier this year, we heard that Tesla made a battery supply deal with LG Chem for the Model 3 produced at Gigafactory 3 and now it looks like they will split the capacity with CATL.

We have been hearing since March that Tesla was in talks with CATL, but Bloomberg is now reporting that the two companies have “reached a preliminary agreement.”

Bloomberg reports that the official agreement is not certain yet and it is not expected to go through until “mid-2020”:

“Following months of negotiations, the companies clinched a non-binding deal after Tesla Chief Executive Officer Elon Musk traveled to Shanghai in late August and met with CATL Chairman Zeng Yuqun for about 40 minutes, according to the people, who asked not to be named discussing private deliberations. Though a final agreement is expected to be signed by mid 2020, there is no guarantee that will happen, the people said.”

The ‘preliminary agreement’ is for battery cells to be installed in Model 3 vehicles to be built at Gigafactory 3 in Shanghai, but they are reportedly also “separate discussions underway on a potential global supply contract.”

CATL has been expanding its reach lately and announced several new battery factories to support major automakers.

The Chinese company signed a supply contract with SAAB successor National Electric Vehicle Sweden (NEVS) in order to enable the production of hundreds of thousands of all-electric cars per year.

BMW also signed a $1 billion battery supply contract with them to support their future EV production.

They have also secured a battery supply agreement with Honda for about 1 million electric vehicles.

CATL reportedly has a current annual production of 17.5 GWh and they are planning a new factory with a capacity of 24 GWh to come online as soon as next year.

Electrek’s Take

It’s interesting that in the space of a few months to a year, Tesla could go from a single battery cell supplier for its cars to having 3 and even likely making its own cells.

I still think that Tesla is planning to move into the battery cell manufacturing space in a big way next year, but it makes sense for the company to still build a solid supply chain with other suppliers.

Tesla is going to need an incredible amount of battery cells over the next few years and while I think that long term most of those cells are going to be built internally, I think they will still be buying billions of dollars worth of battery cells in the next few years.

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https://electrek.co/2019/11/06/tesla-secures-battery-supply-deal-catl-report/

2019-11-06 10:01:00Z
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