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Smoke-free world? Cigarette maker in partnership with asthma inhaler firm

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In a unique move, cigarette maker Philip Morris have entered a tender period with asthma inhaler firm Vectura shareholders

The move has sparked controversy with campaign groups sharply criticising tobacco giants for advocating themselves as part of the move to a smoke-free world.

Earlier this month, an open letter signed by 35 health charities and public health experts urged Vectura board members to reject a takeover bid.

They warned that Vectura may lose access to government grants due to a UN tobacco control treaty under which 180 countries agreed to curb the influence of the tobacco industry on health policy.

“Many university and hospital collaborations are likely to be rejected and participation in clinical trials blocked, disrupting crucial drug development – one of Vectura’s major business activities,” the signatories said.

“A takeover by PMI is therefore likely to cause significant disruption to Vectura’s operations and future profitability for its shareholders.”

Despite this Phillip Morris says they are committed to making their company “smoke free”

Jack is a journalist and producer at Ticker NEWS. He's previously worked for digital media publications in Australia and the US. Jack is particularly interested in reporting on international affairs and sport.

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Andrew Tate supports Russell Brand amid assault claims

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British actor and former kickboxing world champion Andrew Tate has joined forces with Tesla CEO Elon Musk to express their support for actor Russell Brand, who is currently facing sexual assault allegations.

Tate and Musk both took to their respective social media platforms to share their views on the matter, igniting a debate on the importance of due process and the presumption of innocence.

The allegations against Brand surfaced last week, leading to a significant media frenzy.

The actor, known for his roles in popular films and his outspoken political views, vehemently denies the accusations. In a series of tweets, Tate stated, “It’s crucial that we remember the principle of ‘innocent until proven guilty’ in cases like these. Rushing to judgment can have severe consequences for all parties involved.”

Elon Musk, a vocal advocate for justice reform and individual rights, echoed Tate’s sentiments. He tweeted, “We must ensure that justice is served fairly, and that includes affording Russell Brand the same rights as anyone else. Let the legal process run its course.”

The support from Tate and Musk has sparked a wider conversation about the complexities of handling such allegations in the public eye. Many of their followers have praised their commitment to due process, while others argue that supporting the alleged victim is equally important.

Andrew Tate and Elon Musk’s public support for Russell Brand has brought the issue of sexual assault allegations and the presumption of innocence to the forefront of public discourse. The case serves as a reminder of the importance of a fair legal process and the potential consequences of rushing to judgment.

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Can China’s trading partners keep relying on it for growth?

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China’s growth over the past few decades has lifted many of its largest trading partners. But as it begins to slow, can those countries rely on it to save them from recession?


China has begun lifting tariffs on key agricultural products, sending the exports of its trading partners to record highs.

Australian agricultural exports in 2022-23 reached a record high, driven by strong demand from China as trade tensions eased.

The Rural Bank’s report revealed a robust winter crop contributed to a significant increase, with agricultural exports totaling $79.9 billion, marking an 18% year-on-year rise and the third consecutive year of growth.

All top 13 export markets saw year-on-year growth, with 12 of them reaching record levels.

But as the world’s second largest economy begins to slump, what will happen to so many of the world’s economies that have grown alongside the behemoth?

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Sam Bankman-Fried’s attempt to be released from jail is denied

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Sam Bankman-Fried’s request for immediate release from a Brooklyn jail to better prepare for his upcoming criminal trial, set to commence in less than a month, regarding the collapse of his FTX cryptocurrency exchange, was rejected.

While the 2nd US Circuit Court of Appeals in Manhattan denied Bankman-Fried’s plea, it did announce its intention to refer the matter to the next available three-judge panel for further consideration.

A spokesperson for Bankman-Fried declined to provide a comment on the development.

US District Judge Lewis Kaplan had revoked Bankman-Fried’s $250 million bail on August 11, alleging that the former billionaire had likely tampered with witnesses on at least two occasions.

Bankman-Fried swiftly appealed this decision, contending that he would be unable to adequately prepare for his scheduled trial on October 3rd while incarcerated.

Embezzling billions

Prosecutors have accused Bankman-Fried of embezzling billions from FTX customer funds to cover losses at Alameda Research, his hedge fund.

Bankman-Fried’s incarceration followed his sharing of personal writings by Caroline Ellison, Alameda’s former chief executive and his former romantic partner, with a New York Times reporter. He has pleaded not guilty to fraud and conspiracy charges, arguing that he shared Ellison’s writings to protect his reputation, rather than to intimidate her.

In court documents filed on Tuesday, Bankman-Fried’s legal team asserted that the arrangement allowing him several hours a day to review evidence on a laptop at the Metropolitan Detention Center in Brooklyn had proven inadequate. They cited an instance where he lost over four hours due to a prisoner count and additional time over the weekend.

The US Attorney’s office in Manhattan confirmed that the jail had authorized Bankman-Fried’s acquisition of a second laptop.

 

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