Pensacola, Florida
Wednesday October 18th 2017

Archives

Winners & Losers 10/12/17

Winners
Troy Rafferty
The Levin Papantonio attorney won his second big verdict against AbbVie, Inc. for another user of the pharmaceutical company’s AndroGel, a testosterone replacement therapy. Plaintiff Jeffrey Konrad, of Memphis, Tenn. received an award of $140 million in punitive damages and $140,000 in compensatory damages. In July, another jury ordered AbbVie to pay $150 million to Jesse Mitchell of Oregon, after they found that the company fraudulently marketed AndroGel, leading to Mr. Mitchell’s near fatal heart attack in 2012.

Pen Air Federal Credit Union
The credit union donated $25,000 to CUAid, a relief program of the National Credit Union Foundation to help support fellow credit unions, their employees and volunteers who have been impacted by Hurricane Maria, Hurricane Irma and Tropical Storm Harvey.   This gift is comprised of donations from Pen Air employees, members, and the credit union’s Communerosity funds.

Institute for Human and Machine Cognition
IHMC’s podcast STEM-Talk won first place in the science and medicine category at the 12th Annual People’s Choice Podcast Awards. The international competition featured more than 2,000 nominees in 20 categories. STEM-Talk also was a runner-up in the People’s Choice Award, the grand prize of the competition. STEM-Talk uploads to iTunes every other Tuesday and is nearing its 50th episode.

Losers
Bump Stocks
Congress may have found a gun regulation that both parties and the National Rifle Association support—outlawing bump stocks that turn semi-automatic rifles into automatic ones. After the massacre in Las Vegas, the NRA wrote in a statement that it was open to considering amending current law surrounding bump stocks. House Speaker Paul Ryan said he believes the issue should be examined. Sen. Dianne Feinstein, a Democrat from California, has filed a bill to ban bump stocks.

Job Growth
The U.S. economy lost 33,000 jobs last month, the first decline since September 2010. Hurricanes that rocked Texas and Florida are to blame, and the slump was much worse than analysts expected. The decline in job growth ended a historic 83-month stretch of expansion. The number of Americans who filed for unemployment benefits hit a two-year high at 298,000, in the first week of September.

Florida Agriculture
Hurricane Irma caused more than $2.5 billion in damage to Florida’s agriculture industry, according to a preliminary report released last week by the Florida Department of Agriculture and Consumer Services. Citrus growers, already struggling because of citrus greening disease, felt the biggest impact, with losses to crops and trees approaching $761 million, followed by the nursery industry at almost $624 million.