All posts tagged: hefty

MEPs eye hefty EU budget increase for health – POLITICO

MEPs eye hefty EU budget increase for health – POLITICO

Public health groups warn that projects not considered innovative, such as smoking-cessation campaigns to prevent cancer and cardiovascular disease, would struggle to secure funds designated to boost industry competitiveness in the region. In response, the health committee is pushing to boost health funding and dedicate it solely to health projects. However, without the committee leading on the file, health MEPs have limited influence over their demands. Radan Kanev, MEP for the European People’s Party, is the author of the committee’s draft opinion on health funding in the proposed competitiveness fund. “I hope these figures will not be frightening to our colleagues,” Kanev told POLITICO, referring to MEPs on other committees as well as national governments. “It is really needed … to show the benefits of scale for European health policy,” he said. His report asks for a carve-out of €15.55 billion for health (from the €20.4 billion health-agriculture-bioeconomy pot of the competitiveness fund). From this, €5.5 billion would support industrial competitiveness in areas including pharma and medical devices, he said. The other €10.05 billion would …

Light & Wonder posts strong Q4 revenue growth despite hefty legal costs

Light & Wonder posts strong Q4 revenue growth despite hefty legal costs

Light & Wonder closed out Q4 2025 with higher revenue and stronger cash generation, even as a series of legal and one-time costs cut into its bottom line. The Las Vegas gaming supplier said Tuesday (February 24) that full-year revenue reached $3.3 billion, a roughly 4% increase from a year earlier. Profit told a different story. Net income for the year fell 18% to $276 million, and the company recorded a $15 million loss in the fourth quarter. Executives pointed to several large charges behind the quarterly loss, including about $128 million tied to a legal settlement with rival Aristocrat over the Dragon Train slot franchise. The agreement resolved a high-profile lawsuit in which Aristocrat accused Light & Wonder of copying trade secrets related to its Dragon Link games. Light & Wonder also booked $25 million in acquisition-related adjustments and $18 million in expenses connected to shifting its primary listing to the Australian Securities Exchange. Legal battles reshape the outlook as Light & Wonder posts Q4 results The Aristocrat settlement, reported at $127.5 million, marked …