Tag: respond

  • Nissan, Honda respond to reports of potential merger being scrapped

    Nissan, Honda respond to reports of potential merger being scrapped

    Nissan and Honda responded on Wednesday to reports that a potential merger of the companies could be at risk of being abandoned.

    The Wall Street Journal, citing people familiar with the matter, reported that Nissan was weighing backing out of the memorandum of understanding with Honda and other options after the company found terms put forward by Honda to be “unacceptedable.” Nissan planned to reject an idea Honda had of Nissan being one of its subsidiaries, according to the outlet.  

    The Wall Street Journal, citing people familiar with the matter, reported that Nissan was weighing backing out of the memorandum of understanding with Honda and other options after the company found terms put forward by Honda to be “unacceptedable.” (Getty Images / Getty Images)

    A Reuters report also indicated Nissan could halt discussions. 

    Nissan said Wednesday in a statement to FOX Business the two companies “planned to decide on the direction of the management integration by the end of January, but Integration Preparatory Committee discussions are ongoing.”

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    The integration preparatory committee was set up by Nissan and Honda for discussions of a possible merger. 

    Nissan “aim[s] to finalize our direction by mid-February and will announce it at that time,” the company said. 

    Nissan Logo

    Nissan logo seen on Nissan vehicle parked in Krakow center, on Monday, April 17, 2023, in Krakow, Poland.  ((Photo by Artur Widak/NurPhoto via Getty Images) / Getty Images)

    Honda, meanwhile, said Wednesday that it is “still in discussions,” but declined to provide more details.

    The reports of turmoil came about six weeks after Nissan and Honda revealed they had inked a memorandum of understanding weighing merging their companies via a joint holding company. 

    NISSAN, HONDA ANNOUNCE PLANS TO CONSIDER MERGER

    In late December, the automakers said in a press release that the memorandum “aimed to serve as an option to maintain global competitiveness and for the two companies to continue to deliver more attractive products and services to customers worldwide.”

    A merger of Honda and Nissan, if it comes to fruition, could result in the formation of a company that would be the world’s third-largest automaker. 

    Honda Dealership

    The logo of Honda seen at a dealership store. Honda is a Japanese multinational automotive manufacturing company. (Photo by Igor Golovniov/SOPA Images/LightRocket via Getty Images / Getty Images)

    The companies could seek to “integrate their respective management resources such as knowledge, human resources, and technologies; create deeper synergies; enhance the ability to respond to market changes; and expect to improve mid- to long-term corporate value” should they agree to a merger, Nissan and Honda said in December.

    WHAT A HONDA-NISSAN MERGER COULD MEAN FOR THE AUTO INDUSTRY AND CONSUMERS

    Honda makes vehicles under its namesake brand and Acura. Nissan counts Nismo, Autech and Infiniti among its brands. 

    The number of vehicles Honda produced in 2024 totaled over 3.7 million, the automaker said in late January. Globally, Nissan made over 3.1 million in the same year.

    Honda’s market capitalization hovered around $50.11 billion as of Wednesday. Nissan’s stood at $9.44 billion.

  • Doctors respond to growing sentiment that abortion pill mifepristone is safe

    Doctors respond to growing sentiment that abortion pill mifepristone is safe

    Pro-choice lawmakers, doctors and advocates have argued the science is settled when it comes to the controversial abortion pill mifepristone. They say the drug is safe and that it needs to be widely available with virtually no restrictions. Even some GOP lawmakers have shown support for retaining women’s access to the pill, which is much more widely available today than it was just a few years ago. 

    President Donald Trump, meanwhile, has yet to stake out a formal position on how he will approach the controversial abortion pill. Although he took several measures in his first few days in office to prevent taxpayer dollars from funding or promoting abortion, he has yet to respond to pro-life demands to reinstate specific restrictions on mifepristone.

    “The potentially tragic results of these drugs have been illustrated by the recently reported deaths of Amber Thurman and Candi Miller,” Dr. Christina Francis, CEO of the American Association of Pro-Life OBGYNs, told Fox News Digital. “Denying the risks of mifepristone will only ensure that more women like Amber and Candi are left to undergo painful and potentially dangerous drug-induced abortions without the bare minimum quality of medical care.”

    NEW JERSEY GOV. PHIL MURPHY SAYS STATE WILL STOCKPILE ABORTION PILLS AHEAD OF TRUMP’S RETURN TO WHITE HOUSE

    Shanette Williams, the mother of Amber Nicole Thurman, holds a photo of her daughter on Oct. 25, 2024. (Roberto Schmidt/AFP via Getty Images)

    While pro-choice advocates have suggested the deaths of Thurman and Miller were the result of anti-abortion laws and the chilling effect they have incurred on women seeking abortions, Francis said their deaths were instead the result of a powerful medication that lacks the necessary safeguards. 

    “Many of the studies that abortion advocates like to quote to state that mifepristone has very few complications don’t actually reflect real world use of mifepristone,” she said. “Most of those studies, women will have had an in-person visit, as well as an ultrasound, actually documenting how far along they are in their pregnancy, as well as ensuring that they did not have an ectopic pregnancy before they receive those drugs. When, in fact, that’s not real-world use right now.”

    Francis pointed out that real-world use actually “means that they order them online.”

    NEW YORK GOV. HOCHUL SIGNS LAW PROTECTING ABORTION PILL PRESCRIBERS AFTER DOCTOR INDICTED IN LOUISIANA 

    When mifepristone was first approved in 2000 by the Food And Drug Administration (FDA), numerous safeguards were put in place. Those included requirements that the medication be dispensed in-person and that patients receive appropriate follow-up care. It also limited the gestational time frame during which pregnant women could use the pill to seven weeks. However, over time, those restrictions were loosened more and more. By 2021, women could get mifepristone without in-person visits, and it was left up to the doctor to trust the patient’s account of how far along her pregnancy was.

    Mifepristone and Misoprostol pills

    Mifepristone and misoprostol pills ( Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images)

    “They’re not seen by any kind of medical professional to confirm their gestational age or to rule out an ectopic pregnancy, which we know happens in one in 50 pregnancies,” Francis said. “If you look at the FDA’s own label – and again, this was when there was still the in-person dispensing requirement – their own label says that one in 25 women will go to the emergency room due to complications related to these drugs. That is not a safe drug. Safe drugs don’t send one in 25 people to the emergency room.”

    “The only way to tell the bleeding, cramping, and pain is from a miscarriage, the abortion pill, or even from an ectopic pregnancy, is to actually do an ultrasound,” Dr. William Lile, a pro-life OB-GYN who has delivered more than 5,000 babies, told Fox News Digital.   

    The removal of in-person visits is a major aspect of the more lax restrictions that people like Francis and Lile want to see reversed. A big reason for that is due to the similarity of the side effects exhibited by both mifepristone usage and life-threatening ectopic pregnancies, which have increased due to the growing prevalence of Intrauterane Devices (IUDs) and sexually transmitted diseases like chlamydia and gonorrhea, Francis wrote in an op-ed for the Wall Street Journal.

    PRO-LIFE ACTIVIST AND JOURNALIST CELEBRATES END TO 9-YEAR LEGAL BATTLE OVER ABORTION VIDEOS

    Teen girl at doctor

    Doctor checks a patient’s symptoms. (iStock)

    “If she has an ectopic pregnancy that’s undiagnosed, she starts having these symptoms. She’s going to think that it’s the result of the abortion drugs that she took, and it’s normal, and she’s going to stay home while she’s bleeding into her abdomen and losing precious time. That could be the difference between life and death,” Francis said. 

    Mifepristone is also prone to causing retained tissue and atypical sepsis as well, something Thurman suffered from before her death.

    “When we know that this drug carries these kinds of complications, we are saying women deserve better care and better oversight when they’re being given these drugs,” Francis said. “These are not benign drugs. Women deserve follow-up care. They deserve ongoing care.”

    PRO-LIFE PROTESTER SENTENCED TO YEARS IN PRISON SAYS SHE IS ‘STILL TRYING TO REGISTER’ TRUMP’S PARDON

    Pro-choice advocates argue that mifepristone is safe, citing numerous studies showing its safety and effectiveness, including for treating miscarriages, from as far back as 1988. The U.S. Department of Health and Human Services, the American Medical Association and the American College of Obstetricians and Gynecologists call the drug safe and effective for abortion and miscarriage care. 

    Autumn Katz, interim director of litigation at the Center for Reproductive Rights, called claims against mifepristone “false,” noting they have been “thoroughly debunked.” 

    “It has been used in combination with misoprostol by over 5.9 million patients in the U.S.,” she said. “Numerous studies have repeatedly proven its safety and effectiveness for ending an early pregnancy, and mifepristone is also frequently used as a safe and effective treatment for early miscarriage.”

    Protesters at Supreme Court

    Demonstrators gather in front of the Supreme Court as the court hears oral arguments in the case of the U.S. Food and Drug Administration v. Alliance for Hippocratic Medicine on March 26, 2024, in Washington, D.C. (Anna Rose Layden/Getty Images)

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    Fox News Digital spoke to a pro-life emergency room doctor who said he uses mifepristone in conjunction with other drugs to remedy miscarriages. However, according to Lile and Francis, mifepristone’s assistance is not statistically significant, or necessary when treating miscarriages. Neither does it remove the need for in-person visits, they said. 

    “When people think of it outside of the abortion context, they understand how important that in-person evaluation is, how important it is to know exactly how far along someone is,” Francis said. “So that’s what we’re calling for, and [in-person evaluations] being put back into place would not impact a physician’s ability to use that drug to treat miscarriage, if that is their protocol for treating miscarriage.” 

  • Legal experts respond to RFK Jr’s conflict-of-interest dilemma with drugmakers

    Legal experts respond to RFK Jr’s conflict-of-interest dilemma with drugmakers

    Amid scrutiny over Robert F. Kennedy Jr.’s pledge to transfer his financial interest in vaccine lawsuits to his family, legal experts have criticized the move but note that Kennedy’s approach is not significantly different from actions taken by other public officials in the past.

    During Kennedy’s confirmation hearings last week, the potential next secretary of Health and Human Services was probed over his financial stake in personal-injury lawsuits tied to vaccines, in particular his ties to a suit against pharmaceutical company Merck and its Gardasil cervical cancer vaccine. While Kennedy would not initially commit to letting go of his stake against Merck, he reversed course in a written response to lawmakers’ questions following a hearing, noting he would amend his pledge and “will divest my interest in any such litigation via an assignment to my non-dependent, adult son.”

    While some legal experts have argued the move does not go far enough to quash potential conflicts for Kennedy, others say this approach is akin to that taken by several other public officials who have found themselves in a similar situation. Meanwhile, one legal expert suggested to Fox News Digital that the pass from Kennedy to his son “is more than sufficient to meet any ethical concerns.”

    LA TIMES OWNER SLAPPED WITH COMMUNITY NOTE AFTER AUTHOR OF RFK JR OP-ED CLAIMS ARTICLE EDITED OUT CRITICISM

    An image of HHS Secretary nominee RFK Jr. juxtaposed next to a bottle of pills made by drug manufacturers. (iStock/Getty )

    “That may comply with ordinary conflict of interest issues,” Jim Copland, director of legal policy at the Manhattan Institute, said. “I just don’t think the head of the Department of Health and Human Services has any business being involved in any way with litigation against Merck.” 

    Fellow Manhattan Institute legal expert Ilya Shapiro said he is unsure whether Kennedy’s move will suffice in avoiding any real conflict, but added that he did recognize “it’s not unusual in light of past examples.” 

    Both Democrats and Republicans have used family to shield themselves from ethics complaints related to their personal business dealings, with former President Joe Biden being a recent and notable example after a multi-year probe into his family business dealings that found both his son and brother were engaged in risky business relationships with foreign entities, such as China. Biden has repeatedly denied his involvement in those business dealings.

    Joe Biden Hunter Biden James Biden Frank Biden

    Questions still swirl around former President Joe Biden and whether his office was used to financially benefit his son Hunter and brothers James and Frank. (Getty Images)

    Former Speaker of the House Nancy Pelosi similarly sought to defend her family’s business dealings after it was revealed her husband was making money investing in companies that had business in front of his wife. In response to questions from reporters about whether she agreed with efforts to ban federal lawmakers’ spouses from trading in stocks, Pelosi replied that “they should be able to participate in that.”

    Other notable figures who have used their families to shield their personal business dealings include President Donald Trump, who handed over control of his Trump Organization business empire to his sons, and the late Sen. Dianne Feinstein, whose investor husband, Richard Blum, managed investments through his firm Blum Capital Partners that often intersected with his wife’s work while she was in Congress.

    The Pelosis

    Then-Speaker of the House Nancy Pelosi and her husband, Paul Pelosi. (AP Photo/Kevin Wolf)

    TRUMP-ALIGNED GROUP PUTTING PRESSURE ON REPUBLICAN SENATORS IN PUSH TO CONFIRM RFK JR.

    “It is my opinion that RFK, Jr.’s plan to pass on any financial stake in possible vaccine injuries to his son is more than sufficient to meet any ethical concerns,” Hans von Spakovsky, a senior legal fellow at the Heritage Foundation, told Fox News Digital. “This is particularly true because of the limitations imposed by federal law on any claims made against vaccine manufacturers that severely limit possible compensation for anyone claiming a vaccine was somehow defective.”

    Spakovsky posited that the federal government’s National Vaccine Injury Compensation Program, which prohibits civil litigation against drugmakers and instead directs the federal government to administer any vaccine-injury payments, serves to buffer the impact Kennedy could potentially have on vaccine-related injury payments. 

    “RFK would have no authority whatsoever [over this program],” he said. “The point is that all of this is so disconnected from RFK, Jr.’s potential Cabinet position if he is confirmed, that anyone who says this is a ‘serious’ ethics problem is wrong.”

    Activists attend a press conference on Supreme Court ethics reform outside the Capitol on May 2, 2023.

    Activists attend a press conference on Supreme Court ethics reform outside the Capitol on May 2, 2023.

    Copland, who agreed with Spakovsky that the vaccine compensation program diminishes much of Kennedy’s advantage, said RFK Jr. could still benefit in an indirect manner. 

    “I think it’s a more concerning conflict of interest than just saying, ‘Oh, you own a lot of equity interest in some company that may incidentally benefit you know,’” Copland said. “I mean, if you had a Defense Department secretary who was a CEO of a major military contractor, and then he passes that off to his son, I think you’d still have a concern about that due to the obvious conflict of interest there, which is different than a sort of ordinary, ‘Oh, I own a company, and it’s going to, incidentally, benefit from the government.’”

    RFK JR SPENT WEEKEND TALKING TO KEY SENATOR WHO COULD MAKE OR BREAK HIS CONFIRMATION

    Fox News legal analyst Andy McCarthy was more critical of Kennedy’s decision to pass off his financial interests to his son, noting that the fact he is “struggling to come up with a scheme to retain his stake, rather than doing the obvious right thing by abandoning it, underscores that this is a real conflict of interest.”

    “The comparison to family asset transfers in other contexts is inapposite and, in any event, misses the point,” McCarthy said. “Whatever one thinks of President Trump’s arrangements regarding his family business, voters knew about that business and elected him anyway – and the president is not in a position to recuse himself from executive decision-making based on conflicts of interest. By contrast, Kennedy wasn’t elected by anyone.”

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    McCarthy added that after years “of justifiably complaining that President Biden was corruptly enriched by payments… made to his son and brother,” he finds it hard to believe “that Republicans can turn a blind eye to a financial stake, which would create a significant conflict of interest for RFK Jr. as HHS secretary, on the pretext that he plans to transfer the stake to his son.”