Want to make money in Hollywood? Sadly, the odds of becoming a movie star are about 1 in 1,190,000, according to the The Book of Odds.But your chances are much better for finding work behind the camera, and even if these jobs don’t pay millions, you can still earn a decent living.So how much do people working in the business really get paid? The Hollywood Reporter recently rounded up a list of salaries typically earned by a variety of employees working on small- and big-budget movies. We’ve combined THR‘s data with other research on the subject—including some numbers from salary research site Payscale.com, and a Vanity Fair video showing how much each person makes in a theoretical $200 million budget film—to get a good sense of how much different people make working on a movie. Advertisement Login/Register With: Advertisement Twitter LEAVE A REPLY Cancel replyLog in to leave a comment Here’s what you can truly expect to make if you break into Hollywood.The Hollywood Reporter estimates that A-list movie stars routinely make $15 million to $20 million for top roles in big-budget films. Secondary lead actors in a movie such as The Force Awakens earned an estimated $1.5 million to $4.5 million. Meanwhile, lesser-known actors like Gal Gadot in Wonder Woman or Henry Cavill in Man of Steel might only get $150,000 to $300,000 even though they were starring in their movies.According to Payscale, the median salary for an actor or actress in general—in plays, TV, and the movies, without regard to the size of the role—is far, far less: $50,529 per year.Makeup ArtistThe typical makeup artist working in the film industry earns about $48 an hour, or roughly $75,000 a year, per The Hollywood Reporter. But a makeup artist working on a big-budget movie will make $124,000, or perhaps more. The median wage for a makeup artist in or out of the movie business is only $17.79 per hour, according to Payscale.com data.Camera OperatorA camera operator’s median earnings in the TV or film business are just under $50,000 a year. If you’re working on a big-budget movie, though, you’ll earn up to $154,000 a year.ScreenwriterThe latest Writers Guild agreement requires that film screenwriters be paid at least $72,600 for an original script, and $63,500 for an adaptation, but …READ MORE Facebook Advertisement
Login/Register With: Log in to leave a comment Charlie Price LEAVE A REPLY Cancel replyLog in to leave a comment Mar-08-18 at 12:46 pm 1 COMMENT “In the course of shooting the scene, the director [Pascal Laugier], consistently told [Hickson] to pound harder on the glass with her fists,” the suit states. “At one point during the filming of the scene, and after being asked to increase the strength with which [she] pounded on the glass, [she] asked one of the producers and the director if it was safe to do so. That producer and the director both replied in the affirmative.” Advertisement Twitter Advertisement WARNING: Some of the photos in this story are graphic.Actress Taylor Hickson, who suffered a gruesome facial injury when she crashed through a glass door while filming the indie horror pic Ghostland in Canada, has filed a lawsuit against the film’s production company, Incident Productions.Hickson, who’d turned 19 just days before the December 2016 accident in Winnipeg, Manitoba, was performing “an emotionally charged scene” in which the director had asked her to pound harder and harder on the door, with her face right next to the glass pane, according to the suit filed Friday with the Queen’s Bench in Winnipeg (read it here). Advertisement Facebook I have worked with this fine young actress. This article fails to mention that she is also a model.A relatively newcomer to the film industry places their trust completely to the veterans of the trade, the ones that should know better. Experience, they have plenty. Taylor,not so much.Had she been a seasoned veteran she may have refused,instead she asked if it was safe. She was reassured by her two bosses. She was “Directed” or should I say misdirected.A horror film comes to life,to reality, as a result of this “direction”.Taylor is extremely intelligent and had the where for all to ask, to question. This in its self is a brave thing to do in such a competitive environment. The film industry is very “yes man” driven.If you want to work,you do as your told. She did as she was told.Taylor has more ambition than anyone that I have ever met. She is a very talented singer songwriter.Her goals were bigger than NASA. She had the the “it” factor that everyone looks for, that all actors wished they had.Her beauty is obvious, but what you don’t see in her pictures is her spark,her charm, her infectious zest for life.Like all young girls, insecurity is a constant inner battle. Am I good enough, am I pretty enough…these questions consume most all teen girls. This is tenfold in film and modelling. Their livelihoods depend on it.Outwardly Taylor is very confidant, inwardly not so much.I, or anyone can not imagine what she has gone through. How many times she has cried in front of a mirror, how many sleepless nights she has relived that fateful day that changed her forever.The changes you see to her face are nothing compared to what goes on in her mind.Auditions are very nerve racking. They are stressful to say the least. I need say no more on that.After, when the phone doesn’t ring…the cycle repeats…is it because?Makeup and those eyes my steal your’e eyes, but if even one lumen of Taylors spark has been lost,the world has lost. I pray Taylor still has that spark,in that, was her true beauty. This is a test of her strength, the battle we can not see, a daily battle. Be strong is easy to say.So I say to all parties. Be strong!” HEY TAYLOR, my friend, YOU ROCK, go gettem!!!! read more
LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Facebook Jason Plumb saved one of the best for last.Regina singer-songwriter Marie-Claire’s debut album was the final project Plumb recorded at Studio One, his recording studio located inside the CBC Regina building.“Every record has these magical moments that can only come along like lightning in a bottle, and they’re hard to re-create,” said Plumb. Login/Register With: Twitter Advertisement With hers, “It’s just full from top to bottom, 13 songs of unbelievable songwriting and vocal performances and rhythm section performances. It was a perfect storm for everything to come together.”On Tuesday, after six years, Plumb the producer closed the doors to that studio. He plans to rebuild a smaller studio this year. Advertisement read more
Advertisement Facebook All Times ET/PT. High-resolution images are available at DHX Television’s Media Centre.FOR THE WHOLE FAMILYSupergirl – New to Family – Monday – Wednesday at 9 p.m. beginning September 2Comic book fans won’t want to miss this super series which follows Superman’s cousin, Kara Zor-El, who’s kept her superpowers a secret for years. Parents will love it because: It explores important issues like climate change, acceptance and female empowerment. Kids will love it because: It’s a new twist on some of their favourite classic superheroes!Just Like Mom & Dad – New to Family – Weekdays at 6:30 p.m. beginning September 23Shot before a live studio audience, this hilarious and fun-filled game show celebrates and rewards families for how well they know each other. Parents will love it because: It’s a modern re-imagination of the 1980’s pop culture phenomena. Kids will love it because: The hilarious Q&As and famous bake-offs.American Ninja Warrior Junior – Mondays at 8 p.m.Kids aged 9-14 go head-to-head on the ultimate obstacle course to win the coveted title of American Ninja Warrior Junior! Parents will love it because: It inspires healthy active living. Kids will love it because: Obstacles, like the warped wall, are awesome!Top Chef Jr. – Tuesday and Wednesday at 8 p.m.Vanessa Lachey and celebrity chef, Curtis Stone, host this pint-sized cooking competition where kids aged 9-14 face off in a variety of culinary challenges. Parents will love it because: Vanessa Lachey and Curtis Stone are the perfect hosting duo. Kids will love it because: It inspires fun recipes for them to make at home.Family Movie Night – Thursday – Sunday at 7 p.m. Family’s dedicated movie nights will keep kids and parents entertained well into the weekend. From action and adventure to comedy and fun, there’s a fantastic flick for everyone. Families can curl up on the couch and watch popular films like Miss Peregrine’s Home for Peculiar Children, Cloudy with a Chance of Meatballs 2, Ramona and Beezus, and The Pursuit of Happiness.FOR KIDSRainbow Butterfly Unicorn Kitty – New Series – Weekdays at 4:30 p.m. beginning September 2This purr-fect animated comedy follows a spirited kitty named Felicity, who acquires magical powers. Part rainbow, part butterfly, part unicorn, Felicity goes on amazing adventures with her best friends.Miraculous: Tales of Ladybug & Cat Noir – New Episodes – Weekdays at 5:30 p.m. beginning Sept 2Crime-fighting superhero teenagers Ladybug & Cat Noir are back and ready to save Paris from the evil villain Hawk Moth, who continues to have his sights set on stealing their powers.Just Add Magic – New Episodes Return – Weekdays at 6 p.m. beginning September 2When Kelly and her two best friends stumble upon a mysterious cookbook, they discover the book’s recipes are far from ordinary – they’re magical.Bajillionaires – New Episodes Return – Weekends at 11:30 a.m. beginning September 7Max and his team at Smashable Inc. are back with crazier ideas and wackier inventions than ever before.LEGO Jurassic World: The Legend of Isla Nublar – Weekdays at 4 p.m. beginning September 2 Newly hired animal behaviourist, Owen Grady, and Assistant Manager of Park Operations, Claire Dearing, team up on Isla Nublar to deal with everything the Jurassic World park throws their way.FOR PARENTSThe Good Place – New to Family – Mondays at 10 and 10:30 p.m. beginning September 2Due to an error, self-absorbed Eleanor Shellstrop (Kristen Bell) arrives at the Good Place after her death. Determined to stay, she tries to become a better person.For those on the go, the Family Channel App makes it easier than ever for viewers to watch their favorite shows, wherever and whenever they want. Now, finding those shows is even simpler with the Fall on Family Playlist, a specially curated selection of Family’s fall programming. Plus, if they’ve missed an episode or simply want to watch something again, Family OnDemand makes catching up a whole lot easier. For more information, please visit Family.ca.Family Channel offers the best in family television entertainment in a premium, high-definition, multiplatform environment. Dedicated to celebrating family life and providing opportunities for the whole family to gather and watch together, Family airs a unique mix of top-rated Canadian and acquired series, movies and specials. Family Channel subscribers have access to the Family Channel App, Family OnDemand and Family Online at no additional cost, to see hit movies and series when they want them, where they want them. Visit us at Family.ca.About DHX Television DHX Television is composed of Family Channel, Family CHRGD, Family Jr. and Télémagino, and is part of DHX Media Ltd., a leading creator, producer, marketer and broadcaster of family entertainment. Dedicated to celebrating family fun, DHX Television delivers best-in-class programming and hosts captivating live events that appeal to Canadian families. DHX Television is home to world-renowned series including The Next Step, America Ninja Warrior Jr. and Chip and Potato. Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment Twitter Login/Register With: Advertisement TORONTO, Aug. 28, 2019 – This fall, Family Channel is turning screen time into family time offering a compelling mix of series and movies that the entire family will enjoy. Throughout the week, the daytime schedule is filled with kids’ favorites like Just Add Magic and Miraculous: Tales of Ladybug & Cat Noir, while the nightly lineup features programming that parents and kids can sit down and watch together. The excitement begins on Monday, September 2, as comic book series Supergirl swoops down onto the network, joining top-rated shows American Ninja Warrior Junior, Top Chef Jr. and Wipeout. Plus, with Family Movie Nights, now playing Thursday – Sunday at 7 p.m. ET/PT, Family Channel is the one-stop destination for family entertainment.“Parents, especially moms, are really craving quality time spent with their children. Our new fall schedule is filled with shows and movies that provide the opportunity for families to enjoy watching television together,” said Katie Gillespie, Marketing Director, DHX Television. “We’re excited to have shows like Supergirl added to our lineup, that complement popular series like X Factor, American Ninja Warrior Junior and Wipeout. These types of programs, combined with dedicated movie nights, give families something to look forward to watching together, offering age appropriate themes that may spark conversation – exactly what we’re hoping to achieve with our nightly lineup.”Below is a detailed listing of series featured in Family’s fall schedule. All programming is subject to change. read more
APTN National NewsIn British Columbia, police are chasing a new angle to solve the murders of women along the province’s infamous Highway of Tears.Taxi drivers in Prince George, B.C., are being pressured to submit DNA samples to the RCMP.The drivers have been told that only a sample will eliminate them as a suspect.The highway stretches 700 kilometres from Prince George to Prince Rupert, B.C.Activist say about 30 women have been killed along the highway and many of them have been Aboriginal.The latest case was that of Cynthia Maas who was found last October.RCMP are now collecting evidence from all Highway of Tears cases, including DNA, and putting it into a central database. read more
APTN National NewsThe streets of Montreal are no stranger to protests and Friday was no exception.A protest in front of Hydro Quebec kicked off a series of rallies, continuing throughout the weekend, in opposition to development on Aboriginal lands in Quebec’s north.APTN National News reporter Ossie Michelin was at the protest and brings this report.
APTN National NewsA First Nation RCMP officer died of an apparent suicide Monday after a public battle with post traumatic stress disorder.Cpl. Ron Francis made headlines when he was photographed smoking medical marijuana in his uniform.Friends and family say it’s important to raise awareness of PTSD.They want him remembered as a kind man who needed more help from the RCMP.APTN’s Trina Roache has the story.
APTN National News OTTAWA — Aboriginal Affairs Minister Bernard Valcourt blamed Makwa Sahgaiehcan First Nation for not having the ability to fight a fire Tuesday that killed two children.Facing questions from two NDP MPs during question period, Valcourt said his department had given the band enough money to deal with fire services on the Saskatchewan reserve.“This particular band has received consistent funding for fire protection services,” said Valcourt. “And the fact of the matter is that each band council is responsible for fire protection on the reserve… That First Nation, like others, received sufficient funds to deal with fire safety.”Aboriginal Affairs Minister Bernard ValcourtNDP Aboriginal affairs critic Niki Ashton said Valcourt was shirking his responsibility.“First Nations and Canadians across the country have been moved by this tragedy,” said Ashton. “Instead of stepping up, the minister chooses to blame everyone else.”Cree NDP MP Romeo Saganash also criticized Valcourt for the failures of his department when it comes to providing resources for fire safety on reserves.“Those living on reserves have a 10 times greater chance of dying from a fire,” said Saganash. “Does (Valcourt) find it acceptable that while adults are fighting over a bill children are dying in fire in 2015?”Valcourt said the department was providing adequate funds.Local RCMP officers were the first responders at the scene of the fire and they saw the children’s biological father bring his two-year-old boy and 18-month-old daughter out of the burning home. The two children were pronounced dead at the scene and their grandmother, who was also in the house, was taken to hospital, treated and later released.The Loon Lake volunteer fire department did not respond to the fire because the band council was three months behind on its fire bill.Loon Lake’s fire chief said he received an automated call about the fire Tuesday morning, but didn’t respond because of the unpaid bill led to the cancellation of the contract.Makwa Sahgaiehcan Chief Richard Ben said he thought the band was paying for firefighting. The band also has a fire truck but it doesn’t run.Kent Stewart, Chief Coroner for Saskatchewan, said investigators from his office were also investigating the fire to eventually determine whether a public inquest is warranted.Stewart said he would release a public report on the outcome of their investigation if his office does not call an inquest.“Our big focus is prevention,” said Stewart. “I will sit down and go over the investigation’s information and make decisions on how to move forward and it may or may not involve an inquest.”Stewart said it could take six months for his office to make a firstname.lastname@example.org@APTNNews read more
Danielle RochetteAPTN National NewsThe Kahnawake Mohawk community launched a campaign to celebrate its 300th anniversary in its current location near the St. Lawrence River.The community has events planned for the year.
From left to right: Inquiry Commissioner Brian Eyolfson, Chief Commissioner Marion Buller, Commissioner Michele Audette and Commissioner Qajaq Robinson.APTN National NewsThe MMIWG inquiry created to examine the disproportionate level of violence faced by Indigenous women and girls will “investigate the investigations” of police agencies across the country, according to the inquiry’s Chief Commissioner Marion Buller.The National Inquiry into Missing and Murdered Indigenous Women and Girls (MMIWG) is already working with the RCMP, the Ontario Provincial Police, Thunder Bay police and Quebec’s provincial police to obtain files dealing with specific cases which will be reviewed by a “forensic investigation team,” said Buller during testimony Thursday before the House of Commons Indigenous affairs committee.“We have always intended to investigate policing and the best way of describing it succinctly is we intend to investigate the investigations,” said Buller.Chief Commissioner Marion BullerBuller said the inquiry’s forensic review team is comprised of Crown attorneys, defense lawyers and forensic interview experts. Buller said the team is aiming to probe patterns in the way police agencies investigate cases involving violence against Indigenous women and girls along with their interrogation techniques.The four inquiry commissioners—Buller, Michele Audette, Qajaq Robinson and Brian Eyolfson –appeared before the committee of federal MPs amid widespread concern internal disorganization and tensions threaten to compromise the work inquiry. The inquiry has faced a number of high profile resignations, including that of commissioner Marilyn Poitras.The commissioners attempted to present a picture of an inquiry that is restricted by federal government structures while trying to confront a deeply complex and sensitive subject with roots stretching back hundreds of years.“In fulfilling its mandate the inquiry is subject to the structures of the federal government,” said Buller. “The national inquiry is not alone in finding these rules frustrating.”Read here to learn how to participate: National Inquiry info The inquiry depends on the support of a secretariat within the Office of the Privy Council, which is essentially the prime minister’s department and the central nervous system of the federal bureaucracy.“This was never going to be easy,” said Robinson, as she referred to a painting in the committee hearing room depicting the Fathers of Confederation. “I look up at that painting, the Fathers of Confederation, it was an issue 150 years before then…. We are not examining buildings, we are examining lives; we are examining the systemic reaction to this, the systemic causes of this tragedy.”The commissioners have concluded they do not believe they will be able to do the job within the two years initially set by the federal Liberal government. The inquiry will likely be seeking an extension that will include a request for additional dollars to their existing budget of $53 million.Buller said the commission, which is now into its second year, will have spent 75 per cent of its budget by April 1, 2018.“We don’t have a full calendar year for the next fiscal year,” said Buller.“Given those figures, you’ll have to ask for more money (for a time extension),” said Conservative MP Cathy McLeod.The inquiry is still in the process of hiring a full complement of staff who will work from five offices –Vancouver, Saskatoon, Winnipeg, Ottawa and Quebec City – across the country along with several home offices in places like Iqaluit and Halifax, said Buller.Under questioning, Audette admitted the inquiry still does not have all its computers on the same network and that its IT system is a patchwork from three different departments. Audette said because the inquiry system is operating within federal government structures it is also riddled with glitches.“If you do one mistake, your computer crashes and stops,” said Audette.The inquiry has made some progress in registering families. Audette said a total of 735 families and survivors have registered with inquiry and internal improvements allowed for the registration of 300 families in three weeks.The inquiry is also ready to submit an interim report based on an analysis of 100 previous reports and 1,200 recommendations into the issue of violence against Indigenous women and girls.“It’s the most comprehensive review that has been completed to date,” said Buller.During the committee hearing, Liberal MPs applied a soft-touch to their questioning of the commissioners. The Liberal government’s fortunes are partly tied to the success of the inquiry which was the product of a high-profile election promise.At one point Liberal MP Mike Bossio ran interference on aggressive questioning from NDP MP Georgina Jolibois’, who spoke Dene to the commissioners. Bossio complained to committee chair MaryAnn Mihychuk that Jolibois wasn’t letting Buller complete her answers during the rapid-fire questioning.Jolibois was pressing Buller on what she thought was the inquiry’s downloading of responsibility to local organizations and provinces in providing information for families seeking to engage with the inquiry.“We know that things aren’t happening on the ground that you speak of, based on my experiences,” said Jolibois.Contact APTN National News here: email@example.com read more
A pitch to hear more from Jody Wilson-Raybould was quickly shot down by the Liberal majority Wednesday.It happened at an emergency meeting of the House of Commons Justice Committee on the SNC-Lavalin controversy.Opposition MPs want to bring back the former attorney general for more firstname.lastname@example.org@abernardnews
SMITH FALLS, – Canopy Growth Corp. (TSX:WEED) has signed an agreement with AusCann Group Holdings Ltd. to be its exclusive supplier of medical cannabis for the Australian market.Canada’s largest licensed cannabis producer says it will start with the transfer of a range of medicines for research and commercialization in Australia.The deal allows Canopy to pursue other Australian opportunities.The agreement follows a partnership deal last year that saw Canopy take stake in AusCann in exchange for expertise in a number of areas including production, quality assurance and operations.It is the second international deal announced by Canopy this week.On Monday, Canopy signed a deal to provide certain marijuana strains and seeds to Spanish pharmaceutical producer Alcaliber. read more
CALGARY – The Wholesale Sports Outdoor Outfitters chain of a dozen hunting, fishing and camping supply stores in Western Canada is shutting down after 30 years in business.The operation owned by Calgary-based UFA Co-operative Ltd. closed stores on Thursday afternoon to tell the 545 staff their jobs were ending.Most will be laid off but some may be hired at UFA’s farm stores.There were 12 Wholesale Sports stores with 440,000 square feet of retail space across British Columbia, Alberta, Saskatchewan and Manitoba.The chain had revenue of $103 million in 2016, down nine per cent from $113 million in 2015.The news comes at a time of consolidation for outdoors destination superstores with American giant Bass Pro Shops snapping up rival Cabela’s in a US$4.5-billion deal announced a year ago.Both U.S. companies operate stores in Canada. UFA, which bought Wholesale Sports in 2008, sold its U.S. stores in 2013. read more
BISMARCK, N.D. – The Native American official who has been the face and voice of the fight against the Dakota Access oil pipeline has been voted out of office.Unofficial results from the Standing Rock Sioux tribe’s general election Wednesday showed that Dave Archambault received only 37 per cent of about 1,700 votes cast. His opponent, longtime tribal councilman and wildlife official Mike Faith, received 63 per cent, according to the totals released Thursday.Archambault conceded defeat in a statement.“I will continue to advocate for the issues facing our community and look forward to exploring new opportunities,” he said. “I wish the new administration the best and look forward to a smooth transition, ensuring that we do not lose the powerful momentum we have at Standing Rock.”The tribe opposed the $3.8 billion pipeline built by Texas-based Energy Transfer Partners over fears it would harm cultural sites and the tribe’s Missouri River water supply — claims rejected by ETP. Protests failed to stop the pipeline, and it began moving North Dakota oil through South Dakota and Iowa to a distribution point in Illinois on June 1. The Standing Rock and three other Sioux tribes are still fighting the pipeline in federal court.A protest camp on federal land just north of the reservation and near the area where the pipeline skirted tribal land drew hundreds and sometimes thousands of pipeline opponents, some of whom clashed with police. There were 761 arrests between August and February.Archambault earlier this year called for the large camp and other smaller camps in the area to disband before the spring flooding season, upsetting some tribal members.Activist Chase Iron Eyes, who is a Standing Rock member, clashed with Archambault over whether the large-scale on-the-ground protests should continue. But he said that even though he and Archambault disagreed about tactics, they shared the same goal and that Archambault “represented us well” overall.However, Iron Eyes said fresh voices in tribal leadership might bolster efforts to repair relations with county, state and federal officials that became strained during the protests.The Rev. John Floberg, who has been an Episcopal minister on the reservation for 26 years, said he doesn’t think Archambault’s handling of the protests was a big factor in his defeat.“A lot of times when Standing Rock has an election, it isn’t about getting rid of someone that’s not doing a good job, it’s about looking to what the gifts (strengths) are of the candidates,” he said, adding that Faith has long been a respected leader on the reservation.Faith, 64, said he’s not sure how big of an issue the pipeline protest was in the campaign. The reservation has numerous other problems that need addressing, from a poor economy to poor health care, he said.Faith, who used to manage the tribe’s buffalo herd and work as a ranger in its wildlife department, has been on the Tribal Council for a total of 18 years. He said he personally opposes the pipeline but thinks the large-scale protest took focus away from other issues, including health care, education, elderly needs, suicide problems, illegal drugs and a poor economy.“We kind of neglected our own” by taking the lead on the pipeline protest, he said. “We did what we had to do, but we didn’t realize we were going to hurt our economy that much.”The state shut down the highway near the protest camp for months. The highway also was the main route for patrons of the tribe’s casino, its main source of revenue.“People want to see how we can fix ourselves,” Faith said. “We have to look at not depending on the casino so much. We have to look at enticing companies to come down here.”Faith said he respects what Archambault did, and Archambault said he wishes the new administration well and looks forward to a smooth transition.“I did the best I could for my tribe and that’s what we must ask of our leaders,” Archambault said.___Follow Blake Nicholson on Twitter at: https://twitter.com/NicholsonBlake . Sign up for the AP’s weekly newsletter showcasing our best reporting from the Midwest and Texas at http://apne.ws/2u1RMfv . read more
CVS Health wants to do much more than fill your prescription or jab your arm with an annual flu shot.The second-largest U.S. drugstore chain is buying Aetna, the third-largest health insurer, in order to push much deeper into customer care. The evolution won’t happen overnight, but in time, shoppers may find more clinics in CVS stores and more services they can receive through the network of nearly 10,000 locations that the company has built.“They’ll be pretty much a soup-to-nuts health company … except for the hospital part of it,” said Craig Johnson, president of Customer Growth Partners, a retail consulting and research firm.Patients also may find the CVS-Aetna combination much more involved in managing their care, especially for those with expensive chronic conditions like diabetes. The bulked-up company also may gain more negotiating leverage over prescription drug prices, but it’s far too early to say how much or whether that benefit will trickle down to customers.The $69 billion deal announced Sunday evening will push the drugstore chain more forcefully in a direction it has been heading for years, according to Wall Street analysts. The company, which stopped selling tobacco products in 2014 to further burnish its image as a care provider, already runs about 1,100 clinics and has been steadily expanding the health care it offers.The clinics started off as a place to treat basic health care needs like sinus infections or strep throat. Gradually, CVS added services like blood draws or monitoring of chronic conditions such as high blood pressure and diabetes. Expect that trend to continue as the drugstore switches more from selling products in its stores to services that can’t be bought online, where retailers face formidable competition from the likes of Amazon.“I think over time you’re going to see less of that front-store retail and more health care services in their stores,” said Jeff Jonas, a portfolio manager for Gabelli Funds who follows drugstores.The mammoth acquisition pairs a company that runs more than 9,700 drugstores with an insurer covering around 22 million people. CVS Health Corp. is also one of the nation’s biggest pharmacy benefit managers, processing more than a billion prescriptions a year for clients like large employers and insurers including Aetna Inc.Analysts say the combined company could add more clinics and expand in-store services to include eye care or maybe centres for hearing aids. That could gradually turn CVS into a one-stop-shop for health care, a place where patients can get a hearing aid checked, then see a nurse practitioner and pick up prescriptions.“If you think about it, we actually don’t have anything like that,” said Jefferies analyst Brian Tanquilut said.Clinics aren’t especially profitable, but they are important because they draw people into the stores and help build deeper customer relationships, analysts say.The clinics have become an attractive option for customers in need of basic health care because they are usually open longer than the family doctor’s office. A clinic visit also can be cheaper than a $100 doctor visit for someone who doesn’t have insurance, but they have drawbacks. Family doctors say they know their patients better and can check on their overall health during a visit rather than dealing with just the one issue that brought that person in.Some CVS shoppers also are skeptical about getting their health checked in a retail store.Jessy Tatenco, 23, buys household items and over-the-counter medications for his three children at CVS. But he said would be reluctant to get medical services there. He feels more comfortable in a doctor’s office or traditional clinic setting.“I wouldn’t trust them with my health care. They sell toys,” he said after leaving a CVS store Sunday in downtown San Diego.CVS isn’t the only health care giant delving into clinical care. The deal will help it compete with others like UnitedHealth Group Inc. The nation’s largest health insurer also runs clinics and doctor’s offices. Like CVS, it also has one of the nation’s largest pharmacy benefit management businesses.CVS and Aetna also want to go beyond just clinic visits to help patients and customers.Aetna Chairman and CEO Mark Bertolini has talked frequently about how most of a person’s life expectancy is determined by genetics and location and not by clinical care, which is where health care spending is focused.“Our conventional operating model is not effective,” Bertolini said earlier this year. “People are angry at this model. It doesn’t work effectively in controlling costs.”He has talked about the need to get into patients’ homes to gauge what they need, like whether they have enough food or may need transportation.CVS can help through its home infusion business, which sends nurses to patients’ homes to deliver complex drugs for people with hemophilia among other conditions. The clinic and drugstore locations could also give patients with chronic conditions like diabetes more convenient options to get their blood monitored or counselling on their condition.Over time, health care experts say that can help keep these conditions from growing worse and stave off expensive hospital stays.CVS will pay about $207 in cash and stock for each share of Aetna. The boards of both companies have approved the deal, and the companies expect the deal to close in the second half of next year.But ant-trust regulators still need to evaluate it.The Justice Department said last month that it is suing AT&T to stop its $85 billion purchase of Time Warner. Regulators also sued to stop the Aetna’s approximately $34 billion purchase of rival Humana Inc. — a deal that fell apart earlier this year.Hartford, Connecticut-based Aetna and Woonsocket, Rhode Island-based CVS both manage Medicare prescription drug coverage. Some of that business may have to be sold to address antitrust concerns. But otherwise, Leerink analyst David Larsen thinks a CVS-Aetna combination has decent odds of getting past regulators, in part because the businesses have little overlap.___AP Writers Elliot Spagat in San Diego and David Koenig in Dallas contributed to this report. read more
TORONTO – Canada’s main stock index rebounded from early losses to end in the black as technology, materials and other sectors rose, while U.S. markets also made up some lost ground.The rebound came as Apple crested the one trillion dollar valuation mark on the Nasdaq — the first company to do so — helping the technology sector in general recover somewhat from recent losses.The S&P/TSX capped information technology index saw the biggest gains of the day, up 2.44 per cent, as Wilan parent company Quarterhill Inc. surged 28.06 per cent on a $145.1-million patent infringement win against Apple, and Shopify Inc. climbed 5.89 per cent.The Toronto Stock Exchange’s S&P/TSX composite index closed up 32.39 points at 16,409.16 as consumer discretionary, health-care, materials and industrials also rose.Materials stocks were up despite a slip in the copper price, while the S&P/TSX capped energy index saw some of the biggest losses of the day with a 0.56 per cent drop despite a rise in oil prices.The disconnect in oil prices compared with equities shows the market has only so much faith that crude prices can remain elevated, said Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel Inc.“When you see the energy producers and energy stocks not behaving or participating in nearly the same way as oil prices have appreciated, that’s further evidence that the market doesn’t believe those oil prices are sustainable.”Looking at the market as a whole, Pashootan is concerned the market is starting to shrug off trade concerns after only a limited reaction to U.S. President Donald Trump’s latest threat to increase tariffs against China.“We view that as complacency, and the market turning a blind eye to factors that could cause equity markets to derail.”He said he was concerned the market is not pricing in the myriad risks that have emerged recently.“The markets right now have priced in sunshine and fresh flowers, the markets in no way are pricing in tariffs, fed tightening, or inflation.”In New York, the Dow Jones industrial average closed down 7.66 points at 25,326.16. The S&P 500 index closed up 13.86 points at 2,827.22 and the Nasdaq composite index was up 95.40 points at 7,802.69.The Canadian dollar averaged 76.84 cents US, down 0.07 of a US cent.The September crude contract closed up $1.30 at US$68.96 per barrel and the September natural gas contract was up six cents at US$2.82 per mmBTU.The December gold contract ended down $7.50 at $1,220.10 an ounce and the September copper contract was down a penny at $2.74 a pound. read more
NEW YORK, N.Y. – Is Les Moonves’ departure from CBS a breakthrough for the #MeToo movement?While he is the most powerful CEO brought down yet by sexual misconduct allegations over the past year, CBS is facing criticism for not pushing him out sooner, for thanking him in its announcement and for offering him a potential $120 million in severance.Others say his downfall still serves as a warning that even the most powerful bosses cannot hide. And some prominent activists cautiously welcomed the announcement that CBS plans to make a $20 million donation to organizations that support #MeToo.“I think a lot of people will wrestle with this. On one hand, it will show awareness and acknowledgement of fault. On the other hand, is a donation enough in terms of reparations? Can decades of abuse be repaired and forgiven?” said Amanda Nguyen, founder and CEO of Rise, a non-profit organization that promotes the rights of victims of sexual violence.“Additionally, Mr. Moonves is still potentially walking away with nearly $120 million. This is still placing more value on a man who abused his position of power than on the survivors fighting for justice and systemic changes.”Moonves was among the most highly paid executives in the nation, making a total of nearly $140 million over the last two years. Whether he sees any severance money hinges on the outcome of an investigation being led by outside lawyers hired by CBS. Moonves has denied any wrongdoing.CBS said he will not get the money if the board of directors determines he was dismissed for cause. That decision may not come for months. But #MeToo activists have made it clear that CBS will be judged on the transparency of that investigation.Time’s Up, a movement against sexual harassment created by Hollywood celebrities last year, wrote an open letter demanding that the entirety of Moonves’ severance be given to organizations dedicated to gender equality.Time’s Up, which has raised more than $22 million since January for a legal fund for victims of sexual misconduct, also called for “long-term structural changes from top to bottom.”“It’s not simply an issue of sexual harassment. It’s an issue of a toxic workplace culture,” said Tina Tchen, leader of the Time’s Up Legal Defence Fund and head of the workplace cultural compliance practice at Buckley Sandler, a Washington-based law firm.“So often, the normal response is to conduct an investigation and deal with the alleged perpetrator and you think you are done,” said Tchen, a former chief of staff to former first lady Michelle Obama.CBS has not said who will receive the $20 million donation but that Moonves himself is involved in the decision.His departure was announced Sunday, hours after The New Yorker published the second of two stories detailing allegations from about two dozen women, including forced oral sex, groping and retaliation if they resisted him.In announcing Moonves’ departure, CBS thanked him for his 24 years of service and achievements. Pending the results of the investigation, CBS said Moonves will stay on as an adviser to ensure a smooth transition, receiving security and office services. And it was unclear whether the report on the allegations would ever be made public.Still undetermined is the fate of Jeff Fager, executive producer of “60 Minutes,” who is being investigated over allegations he condoned a hostile atmosphere for women.Toni Van Pelt, president of the National Organization for Women, said CBS has shown no indication that it is “ending the culture that allowed Moonves to thrive. That hasn’t ended.”“The fact that they are still talking about giving him a payment is appalling,” Van Pelt said.Similar sentiments came from some CBS employees, celebrities and prominent organizations that arose in the aftermath of the Harvey Weinstein scandal, the event that turned #MeToo into a worldwide phenomenon.“What is this advisor for a year madness? Is @cbs insane? Are they watching their own news?” tweeted Hollywood producer and writer Judd Apatow.On “CBS This Morning,” news anchor Gayle King called on the results of the investigation to be made public, saying she couldn’t see “how we move forward if we at CBS don’t have full transparency.”Chris Allieri, founder of the New York-based public relations agency Mulberry & Astor, said the corporate culture that allows misconduct to occur at CBS was evident in its handling of Moonves’ departure.“Have we learned something or is this just another senior man that has gotten caught?” Allieri said. “Thanking him for his service. That for me, is showing that the bottom line of this company is its stock price and a couple of good series.”Regardless of how CBS decides to move forward, Van Pelt said Moonves’ downfall demonstrates that times have changed for people in powerful positions.She said the hero of the scandal is Phyllis Golden-Gottlieb, a former television veteran now in her early 80s who told The New Yorker that Moonves forced her to perform oral sex on him in the 1980s.“Her entire life, she felt she had no worth. Finally, with this movement, she has been recognized, and her voiced has been valued,” Van Pelt said. “The big lesson is that women are coming out, this tsunami of women are speaking out.” read more
___Stocks plunge again as Huawei arrest renews China tensionsNEW YORK (AP) — U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market’s gains for the year. An early sell-off briefly knocked more than 700 points off the Dow Jones Industrial Average as the arrest of a senior Chinese technology executive threatened to cause another flare-up in tensions between Washington and Beijing. The sell-off eased following a report saying the Fed is considering a wait-and-see approach to rate hikes.___China demands Canada release executive of tech giant HuaweiBEIJING (AP) — China on Thursday demanded that Canada release an executive of Chinese tech giant Huawei who was arrested in a case that compounds tensions with the U.S. and threatens to complicate trade talks. Meng Wanzhou, chief financial officer of Huawei Technologies Ltd., faces possible extradition to the United States, according to Canadian authorities. The Globe and Mail newspaper, citing law enforcement sources, said she is suspected of trying to evade U.S. trade curbs on Iran.___OPEC delays oil output decision pending Russia talksVIENNA (AP) — OPEC countries hoping to support the price of oil have put off their decision on how much to reduce oil production. They are waiting to negotiate with ally Russia on Friday on how much it will contribute to the cut. Some see Thursday’s move as a sign that the group may not have the political unity to rein in supply and is suffering under political pressure from U.S. President Donald Trump to not push prices up again.___Companies pay investors record amounts to own their stocksNEW YORK (AP) — It pays more than ever to be an investor. U.S. companies have sent a record amount of cash to their shareholders this year as dividends, thanks in large part to surging profits and lower tax bills. The increased income is key for shareholders, offering some stability in what’s been a stomach-churning year for stock prices.___US household wealth jumps $2T, led by rising stock marketWASHINGTON (AP) — A stock market rally, which has since reversed, propelled U.S. household net worth to a record high of $109 trillion in the July-September quarter. The Federal Reserve says the value of Americans’ stock and mutual fund holdings soared $1.2 trillion. Greater household wealth can help the economy by lifting consumer spending. Yet wealth has been increasingly concentrated since the Great Recession, with just 10 per cent of U.S. population owning 84 per cent of stocks.___France fears more riots; Museums, Eiffel Tower to closePARIS (AP) — Authorities across France are bracing for the possibility of more riots and violence at anti-government protests this weekend, holding emergency meetings and deploying tens of thousands of police and security forces. Museums, theatres and shops in Paris announced they would close Saturday as a precaution — including the city’s famed Eiffel Tower. French police and city authorities met Thursday to strategize on how to handle the weekend protests. They plan to deploy 89,000 police.___Drugmaker to sell cheaper generic rival to EpiPen injectorsTRENTON, N.J. (AP) — A generic drugmaker plans to start selling a slightly cheaper version of the EpiPen in the U.S. The penlike injectors are used to treat life-threatening allergic reactions. Brand-name EpiPens dominates the market but have been in short supply since spring because of production problems. The drugmaker said Thursday that sales will begin early next year.___UK leader may let Parliament decide on Brexit backstopLONDON (AP) — British Prime Minister Theresa May said Thursday she may give Parliament a greater role in implementing her controversial Brexit deal as she sought to rescue the agreement from a widely expected defeat. May’s efforts to win support came as British newspapers reported that the House of Commons could reject her divorce deal with the European Union by more than 100 votes when they vote on it Tuesday.___Sears’ biggest holder bids $4.6B for rest of bankrupt chainNEW YORK (AP) — Sears’ biggest shareholder offers to buy the rest of the bankrupt retailer for $4.6 billion. ESL Holdings and Eddie Lampert said Thursday that their nonbinding offer will keep about 50,000 workers employed.___The S&P 500 index fell 4.11 points, or 0.2 per cent, to 2,695.95. The Dow dropped 79.40 points, or 0.3 per cent, to 24,947.67. The Nasdaq composite added 29.83 points, or 0.4 per cent, to 7,188.26. The Russell 2000 index of small-company stocks gave up 3.34 points, or 0.2 per cent, to 1,477.41.Benchmark U.S. crude dropped 2.6 per cent to settle at $51.49 a barrel in New York. Brent crude, used to price international oils, slid 2.4 per cent to close at $60.06 per barrel. Wholesale gasoline lost 0.8 per cent to $1.43 a gallon. Heating oil gave up 1.6 per cent to $1.86 a gallon. Natural gas slid 3.2 per cent to $4.33 per 1,000 cubic feet.The Associated Press read more
OTTAWA, O.N. – The Prime Minister’s Office says Justin Trudeau will sit down Sunday with B.C. Premier John Horgan and Alberta Premier Rachel Notley in an effort to hash out a solution to the ongoing dispute over the Trans Mountain pipeline project.Spokesperson Chantal Gagnon says Trudeau, who is on his way to Peru for the Summit of the Americas, will return to Ottawa for the meeting before resuming his travels to Paris and London on Monday.Tensions over the pipeline impasse reached a new peak this week when Kinder Morgan stopped all non-essential spending on the expansion project, pending reassurance from the federal government that the project would be going ahead. Trudeau had an emergency cabinet meeting on Tuesday where ministers discussed but did not settle on, options for action, including whether to help finance the project or pull funding from B.C. to help convince Horgan to stop blocking the project.Finance Minister Bill Morneau met Wednesday with Notley, after which he said the federal government would meet the company’s May 31 deadline for action.Ottawa has jurisdiction for the pipeline and approved it in 2016, but Horgan has thrown up a number of roadblocks, including a lawsuit over the approval process and a threat to prevent oil from flowing through it, all of which helped spook Kinder Morgan’s investors.(THE CANADIAN PRESS) read more