Goodyear acquires Cooper in all-American tire deal
FILE - In this May 2, 2007 file photo, Cooper tires are on display at Vermont Tire and Service Inc. in Montpelier, Vt. Goodyear Tire and Rubber Co. is acquiring Cooper tires in a deal valued at $2.5 billion that will combine the two century-old Ohio companies. (AP Photo/Toby Talbot, File)NEW YORK – Two of the biggest remaining American tire companies are joining forces. Goodyear Tire & Rubber Co. is acquiring Cooper in a deal with an equity value of $2.8 billion that will combine the two century-old Ohio manufacturers. Shareholders of Cooper Tire & Rubber Co., based in Findlay, Ohio, will get $41.75 in cash and about .9 shares of Goodyear common stock per share of Cooper stock. It would give shareholders of Goodyear about 84% of the company and Cooper shareholders with the remaining 16%, the companies said.
AP Source: McKinsey to pay $573M for role in opioid crisis
The global business consulting firm McKinsey & Company has agreed to a $573 million settlement over its role in the opioid crisis, according to a person with knowledge of the deal. Without naming McKinsey, the attorneys general in at least North Carolina and West Virginia have scheduled announcements for Thursday morning regarding the opioid crisis. Purdue agreed to pay $225 million to the U.S. government. Members of the Sackler family who own the company agreed to pay the same amount in a separate settlement announced the same day. The company and family members reached separate agreements with U.S. Justice Department, both announced Oct. 21, 2020.
Sen. Patrick Leahy, set to preside over Trump impeachment, returns home after brief hospitalization
Sen. Patrick Leahy, the Vermont Democrat set to preside over the upcoming impeachment trial of former President Donald Trump, has returned home after being taken to a Washington hospital for evaluation Tuesday out of an abundance of caution, his spokesman said. "The Capitol Physician suggested that Senator Leahy go to George Washington University Hospital this evening for observation, out of an abundance of caution," his spokesman David Carle said in a written statement. "After getting test results back, and after a thorough examination, Senator Leahy now is home. The House impeached Trump earlier this month for inciting the riot by his supporters at the Capitol complex on Jan. 6. The mob disrupted a joint session of Congress, which was confirming the election of Joe Biden as president.cnbc.com
Democratic Sen. Patrick Leahy to preside over Trump's second impeachment trial
Sen. Patrick Leahy (D-VT) exits the Senate chamber after the third day of the Senate impeachment trial of U.S. President Donald Trump at the U.S. Capitol in Washington, January 23, 2020. Sen. Patrick Leahy, not Chief Justice John Roberts, will preside over the imminent impeachment trial of former President Donald Trump. Leahy, of Vermont, is the president pro tempore of the Senate and is the longest-serving active Democrat in the chamber. The president pro tempore of the Senate historically presides over impeachment trials of non-presidents. Roberts presided over Trump's first impeachment trial, about a year ago.cnbc.com
Senate report: Opioid industry has paid advocacy groups $65M
In a 2016 investigation, The Associated Press and Center for Public Integrity found that opioid makers were backing advocacy groups that supported access to the drugs. For the report released Wednesday, the senators’ staffs examined financial records for 10 advocacy groups that endorsed access to powerful prescription painkillers from 2012 through 2019. Wednesday's report identified a series of connections between the contributions and the work done by the groups. The company, one of the nation’s biggest makers of generic prescription opioids, paid the group $200,000 that year to help support its efforts. The nonprofit has said that it alone determines the group’s advocacy efforts, which include using physical therapy, chiropractic care and yoga as alternatives to opioids for pain treatment after surgery.
Commonwealth Clash between UVA-Virginia Tech postponed, no make-up date set
BLACKSBURG, Va. – The season-opening match-up between Virginia Tech and the University of Virginia has been postposed, according to a release from Tech’s athletic department. A make-up date for the annual competition known as the Commonwealth Clash has not been set. Talks between the Atlantic Coast Conference, UVA and VT officials led to the mutual decision to move the football game between the two schools to a later date stemming from COVID-19 issues at Virginia Tech. Click here to see the online Virginia Tech COVID-19 dashboard. Virginia Tech is now scheduled to open the 2020 football season on Saturday, Sept. 26 against NC State at Lane Stadium.
Fad or future? Telehealth expansion eyed beyond pandemic
In this Aug. 24, 2020, photo Jean Grady smiles as she poses at her home in Westford, Vt. Grady wears an insulin pump to help manage her diabetes. Before the pandemic, Medicare rules required her make regular two-hour, one-way trips to New Hampshire to meet with her doctor to discuss her treatment. Medicare rule changes during the pandemic now makes it possible for her to meet with her doctor remotely, saving her from hours on the road. (AP Photo/Wilson Ring)
Students, alumni clamor to take care of university's cows
Cows on pasture at the University of Vermont dairy farm eat hay Thursday, July 23, 2020, in Burlington, Vt. When the coronavirus pandemic forced the University of Vermont to close and send its students home, the school worried about who would take care of the cows, normally tended to by students. In no time, dozens of alumni and students of a particular agriculture program clamored to spend their spring and summer caring for the Holsteins. (AP Photo/Lisa Rathke)
Forsooth: COVID-19 brings Shakespeare to Vermont backyards
Jena Necrason, of the Vermont Shakespeare Festival, performs "Shakespeare," in a backyard, Thursday, June 25, 2020, in Burlington, Vt. Jena Necrason of the Vermont Shakespeare Festival throws herself into the role of Helena in A Midsummer Nights Dream, lamenting the vagaries of the heart. So far Necrason, Nagle and about a dozen other actors have performed about 30 times, sometimes in backyards (safely socially distanced from their audiences), via Zoom or even on the phone. The idea is just a single person going up to a yard and ringing the doorbell, wearing a mask, stepping back, at least 6-feet apart, delivering a live Shakespeare monologue or sonnet as a way of connecting in a real, face-to-face, live way, Nagle said. To order up a performance, aspiring audiences go to the Vermont Shakespeare website and choose from among a dozen Shakespeare selections.
New Ben & Jerry's flavor highlights criminal justice reform
SOUTH BURLINGTON, Vt. - Justice ReMix'd is Ben & Jerry's newest flavor, but it's more than just delicious. The ice cream company says it's been created with "a sweet swirl of justice under the lid." The idea is to bring awareness to the justice needed when it comes to systemic racism and criminal justice reform. Ben & Jerry's says a portion of the proceeds from the sale of Justice ReMix'd will go to Advancement Project National Office to support their work in criminal justice reform. The special pints are available in stores and in Ben & Jerry's ice cream shops.