Sunday, July 1, 2012

Former Merck Virologists Claim Falsification Of Test Results For Mumps Vaccine

Source: Courthouse News Service

Merck is the only manufacturer licensed by the FDA to sell the mumps vaccine in United States, and if it could not show that the vaccine was 95 percent effective, it risked losing its lucrative monopoly, according to the complaint. That's why Merck found it critically important to keep claiming such a high efficacy rate according to a recently unsealed complaint.

Alabama-based Chatom Primary Care sued Merck on Monday, the week after the unsealing of a False Claims Act complaint two relators filed in 2010. Those relators, Stephen Krahling and Joan Wlochowski, were Merck virologists who claim in their unsealed complaint that they "witnessed firsthand the improper testing and data falsification in which Merck engaged to artificially inflate the vaccine's efficacy findings."

Krahling and Wlochowski claimed Merck's scheme caused the United States to pay "hundreds of millions of dollars for a vaccine that does not provide adequate immunization."

Facebook e-mail switch changed address books.

Source: The Raw Story

BEWARE: Your address book has probably been updated by Facebook if you accepted the default settings when you installed the Facebook App on your Android or iOS devices. I am pretty sure that my Android phone retained all of the e-mail addresses I have entered myself, but Facebook has added new addresses to my address book and REPLACED all of the e-mail addresses that were previously added by the Facebook App. IMO, this poses a significant security risk and an even bigger inconvenience, because you could easily address your e-mail messages could easily get delivered through Facebook instead of directly to the recipient's preferred e-mail INBOX. This will be particularly problematic for people who "friend" co-workers and colleagues, because work related e-mails could be delivered to Facebook instead of the recipient's corporate mailbox.

JPMorgan Trading Loss Drove Three-Level Standalone Cut

The US taxpayers are the only reason that Moody's didn't drop their JPMorgan rating three levels lower. I'm so glad we solved the "too big to fail" problem!

Source: Bloomberg

JPMorgan benefited from the assumption that there’s a “very high likelihood” the U.S. government would back the bank’s bondholders and creditors if it defaulted on its debt, according to the statement. Without the implied federal backing, JPMorgan’s long-term deposit rating would have been three levels lower and its senior debt would have dropped two more steps, Moody’s said.