U.S. government proposes rule overhauling drug industry rebate system

Reuters | February 01, 2019

The U.S. government on Thursday proposed a rule to end the industry-wide system of after-market discounts called rebates that pharmacy benefit managers (PBMs) receive from drugmakers, a practice that has been under increased scrutiny. If finalized, the rule would change a system that has been in place for decades and that has been criticized for obfuscating the real price of prescription medicines. The administration of U.S. President Donald Trump has been promising to lower the cost of prescription drugs for consumers, who have seen their out-of-pocket expenses rise each year with higher list prices of pharmaceuticals.

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The devolved government for Scotland is responsible for most of the issues of day-to-day concern to the people of Scotland, including health, education, justice, rural affairs, and transport.

Spotlight

The devolved government for Scotland is responsible for most of the issues of day-to-day concern to the people of Scotland, including health, education, justice, rural affairs, and transport.

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GOVERNMENT FINANCE

Government of Rio de Janeiro And Nasdaq Will Create A Stock Exchange To Negotiate Carbon Credits And Sustainable Assets

Government of Rio de Janeiro | March 09, 2022

Rio de Janeiro will gain a stock Exchange for the purchase and sale of carbon credits and sustainable assets related to energy, climate and forest. Governor Cláudio Castro signed, on Tuesday (August 03), in New York, a protocol of intentions with Nasdaq and Global Environmental Asset Platform (GEAP), in order to take the first steps towards the implementation of a trading platform. The agreement guarantees Rio the leadership in the green economy. This partnership will provide information exchange among the Government of Rio de Janeiro, Nasdaq and GEAP for the implementation of public policies to certify, issue and trade carbon credits. In the following 90 days, a working group will be created to discuss the proposed measures and a pilot experiment. After this evaluation time, a Brazilian subsidiary of Nasdaq will be installed in Rio de Janeiro. The Environmental Assets Exchange is expected to be up and running in the second half of the year. The Rio de Janeiro government team has been working on this protocol for eight months. Nasdaq will provide the technology and the state will offer the environmental assets. Rio is expected to reach a CO2 stock of 73 million tons, representing 25 billion BRL, and each ton can cost an average of US$ 5. The segment is seen as one of the economic recovery alternatives after the COVID-19 pandemic." Cláudio Castro,The Governor ofRio de Janeiro A pioneer in the sustainability theme, Nasdaq created Sustainable Stock Exchanges (SSE), a program in partnership with the United Nations (UN) that provides a global platform for exchanges to encourage sustainable investment with the collaboration of investors and companies. In 2018, the world's first regulated digital exchange for asset-based tokens (a digital security tool for validating and authenticating financial transactions) was launched, which is operated by Nasdaq Technologies. "Nasdaq is very interested in being part of this kind of initiative. It will be a challenge to participate in this creative project. We have a lot to do, but we are eager to begin this work together with the State of Rio," said Carlos Patiño, Associate Vice President of Nasdaq Technologies. The new market will result in job creation and it will attract national and international companies, besides making Rio de Janeiro a leader in the low carbon economy. The state of Rio de Janeiro has 31% of its area covered by natural forests, corresponding to 1.3 million hectares. The government has invested in actions aimed at the sustainable economy, such as Tomorrow's Forests and Atlantic Forest Connection. "Since July of last year, we have been working to identify the actions necessary for the state to achieve the title of 'carbon neutral'. The goal is to have the net emissions of greenhouse gases totally neutralized by the year 2045," said the Secretary of Environment and Sustainability, Thiago Pampolha.

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GOVERNMENT BUSINESS

Owl Cyber Defense Acquires Trident Assured Collaboration Systems to Enhance Advanced Network Security Capabilities

Owl Cyber Defense Solutions | January 06, 2021

Owl Cyber Defense Solutions, LLC ("Owl"), a worldwide market pioneer in cybersecurity solutions and administrations for safeguarding network limits and empowering secure information sharing across spaces, reported today the acquisition of the Trident Assured Collaboration Systems ("ACS") product offering. ACS has the lone U.S. government-endorsed Voice over IP ("VoIP") and Video Teleconference ("VTC") Cross Domain Solution ("CDS") just as the business' most progressive Full Motion Video ("FMV") separating capacity – usefulness basic to CDS tasks in a period of robots and cameras. The acquisition gives Owl a more extensive scope of affirmed network edge defense solutions than any rival on the lookout. Owl, supported by private venture firm DC Capital Partners, has been a main supplier of CDS to the U.S. Branch of Defense ("DoD") and Intelligence Community for over 20 years. Owl is additionally the worldwide pioneer in cybersecurity security for basic foundation, offering the lone U.S. government tried and licensed CDS accessible for arrangement inside and outside the U.S to both government and business customers. Owl's Cross Domain Solutions offer the most elevated level of organization border security, far surpassing the capacities of firewalls and other typical organization defenses. Owl's items are the decision for ensuring the country's most touchy organizations and frameworks against assault. Late episodes have exhibited the failure of inheritance firewalls to forestall cyberattacks against basic business and working frameworks and cloud-based applications. The blend of Owl and ACS's innovation offers a full continuum of CDS items that give equipment upheld space detachment and layers of information separating confirmation as opposed to a solitary organization line checkpoint with negligible substance sifting. Thomas J. Campbell, Chairman of Owl and Founder and Managing Partner of DC Capital, said, "This is another step in executing our strategic vision. The acquisition of ACS not only places Owl ahead of other Cross Domain Solution providers, but it also plays a pivotal role in our larger strategy to offer true cybersecurity protection. The future requires solutions that are cost effective and easy to implement, use, and maintain." "The explosion of the Internet of Things ("IoT") demands cyber-secure devices, from those that control our critical infrastructure, to our homes and cars," said Campbell. "The technology Owl pioneered 20 years ago is now available in form factors small enough to be embedded inside devices. Owl has always been an early mover, the first to develop hardware-enforced network protection and now the first to offer a hardware-enforced CDS that can be embedded." "Owl has been rapidly moving towards this number one position for the last couple of years," commented Robert Stalick, President and CEO of Owl. "With the addition of ACS, the last piece has fallen into place. Owl is now the clear leader in accredited Cross Domain Solution offerings, with the widest range of capabilities and products – solving problems from tactical to enterprise in data, voice, and video; for government, critical infrastructure and commercial enterprises." Solutions like firewalls that worked 25 years prior as an organization security approach are not, at this point viable against country state quality assaults. As country state assaults increment, the methodologies utilized by state entertainers start to saturate the criminal side of cyberattacks. Viable cybersecurity presently requires an incorporated, multi-layered framework with information diode equipment parts in gatekeepers which perform escalated information assessment and confirmation. The up and coming age of insurance, coming out now and based on a mix of Owl and ACS innovation, inserts CDS usefulness in incredibly low-inertness, unmodifiable equipment. Jerry B. Chernock, Partner at DC Capital, added, "It is obvious that we need to address the inadequacy of firewalls. There is a reason why our clients insist on Cross Domain Solutions and not solely on firewalls. Recent attacks, including a security breach at a prominent U.S. based cybersecurity firm and several U.S. Government agencies, have punctuated the need for intelligence, military, critical infrastructure and corporate clients to quickly evolve how they protect their networks." "The sophistication of these technologies cannot be overstated," said Ken Walker, Chief Technology Officer at Owl. "The U.S. Government continues to set the standards for the most rigorous operational requirements and testing regimes globally, setting expectations that very few companies can meet. Owl is one of a handful of elite companies that satisfies the government-established 'Raise the Bar' requirements." About Owl Cyber Defense Solutions Owl has been serving the cybersecurity needs of the U.S. government since inception – providing hardware-enforced cybersecurity controls, industry leading expertise in operating system hardening, extensive device and network-based assessment services and thought-leadership in filtering/data processing disciplines. Owl Cross Domain Solutions are operating broadly in missions across both the DoD and the U.S. intelligence agencies. Globally Owl is the leader in perimeter protection for nuclear power plants, oil and gas operations, renewables and power generation and transmission, with aggressive growth occurring in the data center and cloud provider sectors. Owl continues to innovate and is bringing to market the world's first embeddable cybersecurity to serve the Internet of Things ("IoT").

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GOVERNMENT BUSINESS

IBM and Raytheon Technologies to Collaborate on Artificial Intelligence, Cryptography and Quantum Technologies

IBM | October 13, 2021

IBM and Raytheon Technologies will jointly develop advanced artificial intelligence, cryptographic and quantum solutions for the aerospace, defense and intelligence industries, including the federal government, as part of a strategic collaboration agreement the companies announced today. Artificial intelligence and quantum technologies give aerospace and government customers the ability to design systems more quickly, better secure their communications networks and improve decision-making processes. By combining IBM's breakthrough commercial research with Raytheon Technologies' own research, plus aerospace and defense expertise, the companies will be able to crack once-unsolvable challenges. "The rapid advancement of quantum computing and its exponential capabilities has spawned one of the greatest technological races in recent history – one that demands unprecedented agility and speed. Our new collaboration with Raytheon Technologies will be a catalyst in advancing these state-of-the-art technologies – combining their expertise in aerospace, defense and intelligence with IBM's next-generation technologies to make discovery faster, and the scope of that discovery larger than ever." Dario Gil, senior vice president, IBM, and director of Research In addition to artificial intelligence and quantum, the companies will jointly research and develop advanced cryptographic technologies that lie at the heart of some of the toughest problems faced by the aerospace industry and government agencies. "Take something as fundamental as encrypted communications," said Mark E. Russell, Raytheon Technologies chief technology officer. "As computing and quantum technologies advance, existing cybersecurity and cryptography methods are at risk of becoming vulnerable. IBM and Raytheon Technologies will now be able to collaboratively help customers maintain secure communications and defend their networks better than previously possible." The companies are building a technical collaboration team to quickly insert IBM's commercial technologies into active aerospace, defense and intelligence programs. The same team will also identify promising technologies for jointly developing long-term system solutions by investing research dollars and talent. About IBM IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's commitment to trust, transparency, responsibility, inclusivity, and service. About Raytheon Technologies Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

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