4:53pm

Mon May 7, 2012
Afternoon News Roundup

Connecting the Dots: Afternoon edition for Monday, May 7, 2012

Sacramento Bee // Two more tobacco giants have given money to stop Proposition 29. RJ Reynolds Tobacco and Philip Morris USA have each given $15 million to the “No on 29” campaign. The ballot measure would impose a $1 per pack tax to fund cancer and heart disease research and facilities…

AP // Abbott Laboratories will pay $1.5 billion after promoting the anti-seizure drug Depakote for uses that were not approved by the Food and Drug Administration. The FDA says that Abbott Laboratories marketed Depakote for the treatment of schizophrenia, agitated dementia and autism. In addition to a criminal fine, the case includes over $800 million in civil settlements…

Reuters // Color, the social-video sharing company, will join Verizon in an effort to boost struggling sales. Some think Color’s success would boost confidence in the Silicon Valley startup scene.

Connecting the Dots brings the day’s news together. 

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