Morning Beat: Novartis AG (ADR) (NVS), Wal-Mart Stores, Inc. (WMT), and International Business …

Novartis AG (ADR) (NYSE:NVS) is to pay $390 million to settle claims by the US Justice Department that it engaged in illegal marketing practices. Between 2007 and 2012 the pharmaceutical giant reportedly paid kickbacks to specialty pharmacies to have patients refill prescriptions for its drugs. The illegal practice has been the subject of investigations in 40 states. The prosecutors alleged that the company selected a number of pharmacies to join its closed network dubbed EPASS. Through the network, the specialty pharmacies enticed patients to continue taking the drugs while downplaying the risks and side effects associated with them. Novartis AG (ADR) (NYSE:NVS) admitted to a series of wrongdoings according to the US government leading up to the settlement. Wal-Mart Stores, Inc. (NYSE:WMT) is to begin its Cyber Monday sales a…


Link to Full Article: Morning Beat: Novartis AG (ADR) (NVS), Wal-Mart Stores, Inc. (WMT), and International Business …