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Pfizer in $5 billion accelerated buyback deal with Goldman, Sachs & Co

(Reuters) – Drugmaker Pfizer Inc said it entered into an agreement with Goldman, Sachs & Co to buy back $5 billion of its stock. Pfizer said the accelerated share repurchase was assumed in the forecast for the full year it provided last month. Under the agreement, which forms a part of Pfizer's existing buyback authorization, about 150 million shares will be bought. The settlement is expected during or prior to the third quarter. Shares of the New York-based company closed at $33.06 on the New York Stock Exchange on Monday. …

Three wounded in shooting at Pittsburgh area shopping mall

By Daniel Kelley PHILADELPHIA (Reuters) – A gunman wounded three people at a Macy’s department store in a shopping center outside Pittsburgh on Saturday in what police said was a shooting that targeted one of the victims. “We believe that one of those three people shot was a targeted individual,” said Monroeville Police Chief Doug Cole of the incident at the Monroeville Mall outside Pittsburgh. Andy Sherman, head of the Allegheny County Detective Division, said surveillance videos could help identify the gunman. The victims were taken to Forbes Hospital in Monroeville, about 12 miles (20 km) east of Pittsburgh, where two were in critical condition and one was in fair condition, according to Dan Laurent, a hospital spokesman.

U.S. FDA commissioner to stand down after six years: sources

By Toni Clarke WASHINGTON (Reuters) – Dr. Margaret Hamburg, commissioner of the U.S. Food and Drug Administration (FDA), who for almost six years has overseen public health initiatives ranging from tobacco control and food safety to personalized medicine, disease control and drug approvals, is stepping down, according to a person briefed on the matter. The White House is expected to announce Hamburg's resignation later on Friday, the person said. FDA spokeswoman Stephanie Yao declined to comment. Hamburg, 59, is one of the longest-serving FDA commissioners in the modern era.

New Jersey Governor Christie ducks media after vaccination comments

By Sam Wilkin LONDON (Reuters) – New Jersey Governor Chris Christie, a possible 2016 presidential contender, cancelled three scheduled media appearances in the UK on Tuesday, amid a controversy over his comments on measles vaccinations. His comments came a few hours after President Barack Obama said parents should have their children vaccinated, saying the science was “pretty indisputable.” Christie cancelled two question-and-answer sessions and a press statement he was due to make after meeting UK finance minister George Osborne. “We just decided we're not going to have availability today,” said Maria Comella, Christie's head of communications, after the last scheduled appearance was cancelled.

Obama tells parents to get kids vaccinated to stem measles

President Barack Obama is urging parents to get their children vaccinated in the face of a measles outbreak that has infected more than 100 people in the United States. In excerpts from an interview with NBC News that will air on Monday, Obama said measles was a preventable disease. He said that while he understood there were families concerned about the effect of vaccinations, he said the science was “pretty indisputable.” “We’ve looked at this again and again. There have been 91 measles cases in California, with at least 58 of those epidemiologically linked to a cluster that began at Disneyland in December.

British health worker being tested for Ebola after needle injury

A British military healthcare worker was flown back to England from Sierra Leone on Saturday following a needle-stick injury sustained while treating a person with Ebola, the Public Health England (PHE) service said on Saturday. The patient, who has not been named, has been taken for testing to the Royal Free Hospital in London. “They are likely to have been exposed to the Ebola virus but, at this time, have not been diagnosed with Ebola and do not have symptoms,” PHE said in a statement. The Royal Free, Britain's main center for Ebola cases, also successfully treated British aid worker William Pooley who contracted the virus in West Africa last year.

U.S. military pay reforms could save $12 billion yearly: panel

By David Alexander WASHINGTON (Reuters) – A congressionally appointed panel on U.S. military compensation recommended overhauling retirement and healthcare benefits on Thursday to improve services offered to troops and families while cutting costs by up to $12.6 billion annually. The nine-member panel, including former military leaders and lawmakers, recommended the Pentagon broaden its retirement benefits to provide 401(K)-style savings plans for most service members while retaining a slimmed-down version of its current 20-year retirement plan. It also recommended reforming the health system for military families and younger retirees, replacing much of the current Tricare system with commercial insurance that would improve access to care. The report’s release drew a muted response, with President Barack Obama and other senior leaders thanking the panel and promising to study its findings.