Business

President Obama’s administration has published new standards for Medicaid private insurance plans on Monday. The US Medicaid system costs around $500 billion a year and has been acknowledged as one of the major components for federal budget. Since the concerned laws are a decade old, revisions appear to be a call of time.

Michael Pearson, CEO of Canadian pharmaceutical company Valeant, will give his testimony before the Senate on Wednesday regarding his price hiking strategy. Meanwhile, Valeant has appointed a new CEO to replace him.

Three-times NFL champion Washington Redskins filed petition to ask the US Supreme Court to evaluate its brand name case. The controversy surrounding the name arose in 2014.