- BusinessBusiness Insider•4 hours ago
The pharmaceutical company Mylan, which makes the EpiPen, is now saying it understated the profits it derives from the life-saving allergy drug by 60% in a congressional hearing last week, according to The Wall Street Journal. Mylan paid a 7.4% tax rate last year after moving its business to The Netherlands for tax purposes. The company's CEO, Heather Bresch, was called to the House of Representatives to answer for why her company had raised the EpiPen's price by 500% since it purchased the drug in 2007.
- BusinessInvestopedia•6 hours ago
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- financeDaniel Roberts•4 hours ago
Golf legend Arnold Palmer died on Sunday at 87, and as every remembrance notes, Palmer was known as “The King” of the sport. “Arnold embodied the hard-working strength of America,” said Nicklaus in a statement. Palmer was also the “king” of business ventures off the course.