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GlaxoSmithKline to Pay Record $3B Fine
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FBN’s Robert Gray on GlaxoSmithKline’s $3 billion fine in the largest health-care settlement in U.S. history.
- Duration 0:53
- Date Jul 2, 2012
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FBN’s Robert Gray on GlaxoSmithKline’s $3 billion fine in the largest health-care settlement in U.S. history.
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I'm Robert -- what your Fox Business reasonably just kicked off the holiday shortened week.
In the red following a disappointing read on manufacturing but hopes of more fed stimulus kept the market sliding.
Too far -- market today.
-- oil closing below 84 bucks a barrel drivers are seeing relief at the pumps.
According to triple a.'s daily fuel gates -- national average for a price of regular gasoline now three dollars 32 cents.
And GlaxoSmithKline.
Will pay a record three billion dollar fine the largest health care fraud settlement in US history.
The drugmaker will plead guilty to charges -- promoted not -- benefits of several of its drugs and failed to get the Food and Drug Administration safety data.
The deal settle civil charges yesterday underpaid rebates owed under Medicaid and overcharged public health providers for its drugs.
That is the latest from Fox Business giving you the power to prosper.