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First Post! October 21, 2019

Let's officially kick off the day of posting at Shacknews. Here's your First Post!

Fort Worth Star-Telegram
7

Hey Shackers, it's time for the First Post! (A little late) Here's a breakdown of some news to kick off your Monday. Please take a look.


Tornado strikes Dallas

A super strong tornado struck Dallas hard last night. A10Pilot's Chatty thread has a lot of great information if you live in Dallas or have friends or family there. Hope everyone is ok.


#OpioidEpidemic

Teva Pharmaceutical, Cardinal Health, AmerisourceBergen, and McKesson all came to a last minute $260 million legal settlement to avoid the first federal trial which was scheduled to kick off in Cleveland today. An attorney for Summit and Cuyahoga counties said that Teva is paying out $20 million in cash and $25 million in Suboxone, which is a treatment for opioid addiction. Walgreens Boots Alliance was the one company named in the suit who did not settle. The court is working out a new trial date for WBA. Opioid addiction is rampant in Northeast Ohio, so this is a good first step in holding companies accountable for profiting off of this epidemic, but more has to be done. This won't be the last of these court cases.


Apple is actually moving iPhone XR assembly to India

Apple Inc. (AAPL) shares are hitting an all-time high today above $240/share, and it appears that the team is working on hedging their bets in China. Lower-cost iPhone XR is being assembled in India. Hopefully this brings the price down on low-end iPhones down the road, but it is a good first start.


This "taco" seems like a bad idea...

This "taco" seems like a good thing or a horrible idea. What do you think, Shacknews?


In case you missed it at Shacknews:


There's your First Post! Please consider subscribing to Shacknews Mercury to support our website for as little as $1/month. Here's a video of Lola to brighten your day. (Lola is on TikTok now)

What are you up to this week, Shacknews? Let us know in the Shacknews Chatty comment thread below.

Luminary

Asif Khan is the Luminary and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

From The Chatty
Hello, Meet Lola