AGP Executive Report
Last update: 7 hours agoPharma Deal: Aurobindo Pharma USA won U.S. FTC approval to buy Pennsylvania-based Lannett Company for $250 million, with the deal expected to close before month-end and Lannett’s Seymour, Indiana plant adding capacity for about 4 billion doses annually. Gambling Watch: Pennsylvania posted a record $625.5 million in gambling revenue for May, up 4% year over year. Insurance Risk: AM Best revised outlooks to negative for Juniata Mutual Insurance Co., citing elevated underwriting losses and higher reinsurance costs, even as balance-sheet strength remains a support. School Choice Fight: Pennsylvania Democrats advanced bills that would cut or restructure education scholarship funding tied to tax credits, setting up another high-stakes policy fight with broad voter interest. Healthcare Access: A new “Primary Care Medic” concept aims to bring a military-style model to rural Pennsylvania to help close primary-care gaps under physician supervision. Food Safety: York County restaurant inspections found issues at several spots, including temperature-control failures at one Hanover restaurant that led to a discard of hot dogs and hamburgers.
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