Valeant Pharmaceuticals was a multinational specialty pharmaceutical company based in Canada. It grew rapidly through a series of mergers and acquisitions under the leadership of J. Michael Pearson. The company was involved in a number of controversies surrounding drug price hikes and the use of a specialty pharmacy for the distribution of its drugs, which led to an investigation by the U.S. Securities and Exchange Commission and caused its stock price to plummet more than 90 percent from its peak while its debt surpassed $30 billion. Wall Street short-sellers exposed a scam that regulators overlook: how Big Pharma gouges patients in need of life-saving drugs.
In Canada, maple syrup is worth more than oil. When $20 million of syrup goes missing, the trail leads back to an epic battle between cartels and the little guy.
Changing diets and dramatic price swings have put dairy farmers on the ropes and fueled a surge in lucrative but controversial raw milk sales. Proponents of raw milk have stated that there are benefits to its consumption, including better flavour, better nutrition, and the building of a healthy immune system. However, the medical community has warned of the dangers, which include a risk of infection, and has not found any clear benefit
Nintendo was like an impossibly huge wall. But if Mario was the undisputed king, an underdog was about to declare war. For Japanese game maker Sega, mainly known for its arcade cabinets, the battle was about winning the home console market. Sega's Genesis console and its speedy character, Sonic, hit the market. In the early '80s, sports video games existed, but they didn't really look real. And one visionary entrepreneur had already started tackling the challenge of taking sports from the stadium onto the screen. Electronic Arts kicks off a partnership with football legend John Madden.
In the second episode, we see the stark differences between the modern and pristine operation on the 19th floor of the Lipstick Building and what was transpiring on the relic and shopworn 17th floor, where Madoff was running his investment advisory business and where most of the fraud was orchestrated, and from where Madoff's empire branched into the hedge fund business, which began drawing unwanted scrutiny. In his disposition, Madoff confirms the names of four significant investors, including Jeffry Picower, a shadowy and long-time client, dating back 30 years. Although Madoff never confronted Picower or discussed the matter with him, it was suspected he knew what was going on and, because of this, had the power to torment and extort Madoff while profiting substantially from his Ponzi scheme.
Wall Street short-sellers exposed a scam that regulators overlook: how Big Pharma gouges patients in need of life-saving drugs.