Tag Archives: Down

Appeals court strikes down individual mandate, but not entire ACA

The Fifth Circuit Court of Appeals has ruled that the individual mandate of the Affordable Care Act is unconstitutional, but has not invalidated the entire law. In a 2-1 decision, the court ordered the Texas District Court, where the case originated, to reconsider its ruling invalidating the healthcare law. The remaining provisions of the ACA,… Read More »

WuXi Biologics doubles down on Ireland, will build vaccine plant there

WuXi Biologics last year selected Europe for its first manufacturing site outside of China. It turns out it likes its Ireland location so much that its vaccine JV will build a plant next door.  WuXi Vaccines last week won approval to build a 15,520-square-meter, three-story vaccine manufacturing facility next to where it is building its… Read More »

SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut

Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Michael Nagle | Bloomberg | Getty Images Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Gavin Newsom… Read More »