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Watch: ‘I shouldn’t have to go beg’: A protest over insulin prices is seen as a fight for life

Watch: ‘I shouldn’t have to go beg’: A protest over insulin prices is seen as a fight for life

first_imgIn April 2017, her daughter Antavia Lee-Worsham, who had type 1 diabetes, died at 22 after struggling to pay for insulin. She had aged out of an assistance program at 21 and would sometimes get insulin from her sister Antanique, who also has type 1 diabetes.Worsham, along with Nicole Smith-Holt and James Holt, brought the ashes of their children, in hopes of giving them to Sanofi executives. However, they were stopped by cops and were not allowed on Sanofi’s grounds.advertisement Tags diabetesdrug pricingpatientspharmaceuticals Fighting back against the high price of insulinVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard ShortcutsEnabledDisabledPlay/PauseSPACEIncrease Volume↑Decrease Volume↓Seek Forward→Seek Backward←Captions On/OffcFullscreen/Exit FullscreenfMute/UnmutemSeek %0-9 facebook twitter Email Linkhttps://www.statnews.com/2018/11/27/insulin-prices-protest-sanofi/?jwsource=clCopied EmbedCopiedLive00:0004:1104:11  [email protected] Please enter a valid email address. Some were faced with the choice of paying their rent or paying for insulin. A few saw their children die after they rationed the lifesaving medication.They were all part of a group of protesters stationed outside the Cambridge, Mass., office of insulin maker Sanofi on a recent morning, rallying against the rising price of the drug.“I’m demanding Sanofi to decrease the cost of insulin. It is a medication that all type 1 diabetics need to survive. And without it, they will die like my daughter did,” said Antroinette Worsham, of Cincinnati, founder of the nonprofit T1 Diabetes Journey.advertisement @sayhitohyacinth Leave this field empty if you’re human: Sanofi spokesman Nicolas Kressmann said in an email statement he shares “similar concerns” with the protesters. He encouraged people with diabetes who cannot afford their medication to call the company’s hotline at 888-847-4877.But Pierce said programs like those are not enough.“I shouldn’t have to go beg for my insulin. It should be affordable to me.” Hyacinth Empinado About the Author Reprints Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day.center_img Her son, Alec Smith, died in June 2017 at the age of 26, weeks after aging out of her health insurance plan.According to a 2016 analysis, the estimated annual cost of insulin per patient nearly tripled over an 11-year stretch, from $231 in 2002 to $736 in 2013.Sanofi is among the nation’s largest insulin makers — several of which have hiked the prices of the drug in recent years.“The price gouging has become such a problem that insulin now costs more than my rent, and I have to choose,” said Myranda Pierce, a graduate student at Boston University School of Medicine who has type 1 diabetes. A mother protests against the high cost of insulin by bringing her child’s ashes to Sanofi’s office in Cambridge, Mass. Her daughter died of complications arising from type 1 diabetes after rationing her insulin. Hyacinth Empinado/STAT Related: By Hyacinth Empinado Nov. 27, 2018 Reprints Protesters take anger over insulin prices to drug makers, some bearing children’s ashes “Nobody would come down and face me,” said Smith-Holt, a financial aid specialist from Richfield, Minn. “Nobody would take his ashes … so it’s frustrating. It makes me very angry.” Multimedia Producer Hyacinth creates videos and animations for STAT and is the senior producer of “The Readout LOUD” podcast. VideoWatch: ‘I shouldn’t have to go beg’: A protest over insulin prices is seen as a fight for life Privacy Policylast_img read more

Group calls for end of dual-class share structures

Group calls for end of dual-class share structures

first_img A collection of global asset-management firms unveiled a set of principles for institutional investors and a set of corporate governance standards for public companies that are intended to help drive the creation of long-term value. New committee on corporate governance launches CSA looking to develop new system for analyzing market data Richardson Wealth, Bloom Burton form healthcare sector–focused alliance James Langton Keywords Corporate governance,  Institutional investors Pension managers call for strengthened ESG disclosure by companies Related news Share this article and your comments with peers on social media Specifically, the Investor Stewardship Group — which includes U.S.-based firms such as BlackRock Inc., the Vanguard Group, and T. Rowe Price Group Inc., along with MFS Investment Management and Royal Bank of Canada’s asset-management division, among others, and represents US$17 trillion in assets under management — is calling for an end to public companies using dual-class share structures by ensuring that shareholders are entitled to voting rights in proportion to their economic interest. The group also stresses that boards are accountable to shareholders and should be responsive to their demands; that boards should be independent; and that they should develop management incentive structures that are aligned with the long-term strategy of the company. The principles for institutional investors stress that they are accountable to those whose money they invest. The group is calling on firms to demonstrate how they evaluate corporate governance; that they should disclose how they manage potential conflicts of interest in their proxy voting; and that they should attempt to resolve differences with companies in a pragmatic way. The new corporate governance framework is slated to go into effect Jan. 1, 2018 to give U.S. companies time to adjust to its standards in advance of the 2018 proxy season. “In markets around the world, there are well-established governance and stewardship codes. The Investor Stewardship Group’s goal is to codify the fundamentals of good corporate governance and establish baseline expectations for U.S. corporations and their institutional shareholders,” says Anne Sheehan, director of corporate governance at the California State Teachers’ Retirement System, in a statement. “The group brings all types of investors together and enables us to speak with one voice on these fundamental issues.” “We believe that the principles detailed in the framework will further the productive dialogue and, most importantly, continue to drive positive change among institutional investors and the companies in which they invest,” adds Glenn Booraem, principal and fund treasurer with0 Vanguard. “By articulating this set of shared behavioural expectations, we seek to promote our common objectives to create sustainable, long-term value for all shareholders.” Photo copyright: photofriday/123RF Facebook LinkedIn Twitterlast_img read more

Students From Trelawny Schools Feted at Falmouth Pier

Students From Trelawny Schools Feted at Falmouth Pier

first_imgRelatedStudents From Trelawny Schools Feted at Falmouth Pier RelatedStudents From Trelawny Schools Feted at Falmouth Pier RelatedStudents From Trelawny Schools Feted at Falmouth Pier Students From Trelawny Schools Feted at Falmouth Pier EducationDecember 14, 2011 Advertisements By Glenis Rose, JIS Reporter FacebookTwitterWhatsAppEmail The Jamaica Tourist Board (JTB) on December 13, 2011 collaborated with cruise ship ‘Oasis of the Seas’ to bring Christmas cheer to more than 200 students of three schools in Trelawny. The students, from the Wilson’s Run and Troy Basic and Infant, and Hague Primary and Infant schools, were showered with toys and gift packages, at a function held at the Falmouth cruise ship pier. The students were excited to visit the pier and interact with cruise passengers and JTB personnel. They also sang carols and demonstrated Jamaican dances. The main attraction was the arrival of “Santa” played by cruise ship passenger Kevin Johnson from Orlando, Florida. The children received gifts from Santa and had their picture taken to preserve the occasion. Visitor Relations Manager at the JTB, St. James Office, Margaret Jones, told JIS News that the Christmas treat was the first for the Falmouth port, which was officially opened this year, but was in keeping with a programme already in place for some 15 years at the Ocho Rios and Montego Bay piers.  “This is certainly a fantastic day here in Falmouth … as it is a first for this port and we are only too happy to be a part of this team of persons, who have worked to make this a success.  These children have been chosen at random in their respective schools and we hope to be engaged in doing this every year as we reach out to our children, giving them some cheer throughout the year,” Ms. Jones told JIS News. Human Resource Specialist for Oasis of the Seas, Stelian Radu, who was instrumental in sourcing all the gift packages for the event, said that he was excited by the children’s warmth and the “sparkle in their eyes as they received the toys and other gifts”. “I am very happy for today, which is a beautiful day for the kids.  I would like to thank all our partners from the shore side as well as those partners and main organisers from the ship side and we are looking forward for this to happen next year,” Mr. Radu told JIS News.last_img read more

At $250 million, a new mega mansion in the exclusive Bel Air neighborhood of Los Angeles is the most expensive home listed in the United States

At $250 million, a new mega mansion in the exclusive Bel Air neighborhood of Los Angeles is the most expensive home listed in the United States

first_imgHomeNewsAt $250 million, a new mega mansion in the exclusive Bel Air neighborhood of Los Angeles is the most expensive home listed in the United States Feb. 07, 2017 at 7:30 amNewsAt $250 million, a new mega mansion in the exclusive Bel Air neighborhood of Los Angeles is the most expensive home listed in the United Stateseditor4 years agohomeLos Angelesmortgagereal EstaterentAssociated Press At $250 million, a new mega mansion in the exclusive Bel Air neighborhood of Los Angeles is the most expensive home listed in the United States.The passion project of developer and handbag tycoon Bruce Makowsky, the four-level, 38,000-square-foot mansion built on spec includes 12 bedroom suites, 21 bathrooms, five bars, three gourmet kitchens, a spa and an 85-foot infinity swimming pool with stunning views of Los Angeles. There’s also a 40-seat movie theater, a bowling alley, and a fleet of exotic and vintage cars worth $30 million.According to Makowksy, only 3,000 people in the world could afford to buy it.The Associated Press recently interviewed Makowksy inside the mansion. Here’s what he had to say about why he built it and who would spend $250 million on a house.Q: Why did you build this house?A: “After being on major mega yachts across the world and on beautiful private aircraft, it didn’t make sense to me people were spending $350 million on a boat, $100 million on a plane and they’re living in $20 million and $30 million homes … The homes have not kept up with the toys. So my feeling is if you’re going to spend over 12 hours a day in your home it should be the most amazing experience in the world.”Q: What is it like being inside the house?A: “I would say it’s the eighth wonder of the world. I’ve had a couple people come in here and say it’s in the top seven — one of the other seven could go away … Every single inch of this house is breathtaking. It’s a sensory overload. I’ve shown this house about 25 times now. People go in and use just about every adjective on half of the lower level. There’s no more adjectives. They just become numb. Every single thing in this house makes you feel like you’re in heaven.”Q: How did you reach $250 million for the listing price?A: “The reason it’s $250 million is because of all the work for the past four years of having 300 people inside here, the art curations inside the house. We have over $30 million worth of cars, exotic sports cars and vintage cars … We have a 270-degree view from the snow-covered mountains all the way down to L.A. Seven full-time staff come with the house, which is crazy. So if you want the best chef in the world, you have her, and if you want a masseuse we have you all hooked up … We have water features that go completely around the house. We have stones from 50 different quarries from around the world, the most beautiful precious stones running through the house … I truly believe the value is here.”Q: Why would someone spend so much money on a house, even with all these amenities?A: “It’s the kind of thing where I can’t sell it. Somebody has to fall in love with it and die over it. And when a person sitting with $2 billion, $5 billion or $20 billion in the bank and it’s just a number, do they really want to enjoy every second of their life — because this isn’t rehearsal, this is real life — or do they just want to look at a number in the bank?”Tags :homeLos Angelesmortgagereal Estaterentshare on Facebookshare on Twitteradd a commentDrunk in public leads to $50,000 bailPolice shooting and armed robbery investigations shutter Pico Blvd.You Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall11 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press22 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press22 hours agoNewsCouncil picks new City ManagerBrennon Dixson22 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter22 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor22 hours agolast_img read more