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The University of Missouri-Kansas City has filed a lawsuit against a former professor, alleging that he stole and sold his graduate student's research for .5 million.The suit, filed this week, says Ashim Mitra swiped a "groundbreaking" drug formulation from the student and stands to gain as much as million more in royalties.Mitra, who has resigned from the university, denied the allegations to CNN.Also named in the lawsuit are Mitra's wife, who worked in her husband's lab, and two pharmaceutical companies that used the invention.The university alleges Mitra worked in secret with the companies to develop the patent, which outlines an innovative way of delivering drugs to the eye using nanotechnologyThe pharmaceutical product has recently received FDA approval, the university said. It's a treatment for dry eye, an ailment common to the elderly.The university's contentionIn a statement to CNN, the university said:"Mitra stole UMKC-owned inventions, sold them to industry, assisted those companies in patenting and commercializing them, denied credit to a deserving student and reaped a personal financial windfall -- all the while concealing his efforts and denying his involvement."The lawsuit seeks to designate the student, Kishore Cholkar, as the rightful inventor to the patent based on his research from 2010.The university policy is that it owns the rights to discoveries made by staff and students while they are working at the university. When commercial rewards are reaped, the inventor is entitled to one-third of the profits and the school keeps the remaining two-thirds, the school said.The professor's reactionReached by phone Thursday, the professor denied the allegations and told CNN that Cholkar doesn't deserve credit for the patent."Everyone is trying to jump in and get a piece of the pie," he said.He said he conceived of the formulation with the drug companies through his private consultancy business, adding that "the student arrived after the patent was signed."Cholkar's work involved a part of the eye not affected by the drug, Mitra said.He added that he's consulting with his lawyers on how best to tackle the lawsuit.Cholkar, the student, now works at a California-based pharmaceutical company. CNN has reached out to Cholkar for comment. 2298

The year 2018 was a tale of two stories: a year of record-breaking holiday sales and a year of retailers filing for bankruptcy. According to the Mastercard Spending Pulse report, brick and mortar stores saw a 5 percent increase in sales compared to last year. There was a 19 percent increase for online sales. However, it was also year big retailers like Sears filed for bankruptcy, and Toys-R-Us closed its stores. “Weak retailers are closing,” says marketing professor Darrin Duber-Smith. “It just takes them forever to close.” What does this mean for retailers as we head into 2019? “If the retailers that are in trouble--the ones that are kind of running out of cash, the ones that really look like they're going out of business--if they don't have a good holiday season, they're pretty much dead in the water in the first couple of quarters,” Duber-Smith explains. Despite an increase in holiday sales overall, department stores struggled. Sales were reportedly down 1.3 percent this holiday season. J.C. Penny’s stock fell below a share for the first time last week. Lord & Taylor and Saks Fifth Avenue have been shutting down some of their flagship stores, and Nieman Marcus has big debt coming due in 2020 and 2021. Duber-Smith says debt is a make or break. “These brands that are saddled with so much debt aren't able to invest in their companies,” he explains. “They're not able to invest in marketing. They're not able to invest in e-commerce.” E-commerce is key. Online sales growth for department stores grew 10.2 percent, but Amazon is still king when it comes to online retailers. That's why some stores have decided to work with the retail giant. “Best Buy was left for dead,” Duber-Smith explains. “Now, they have a partnership with Amazon where you can try the products in-store and buy it on Amazon. But now, Best Buy get a piece of that action.”Survival for some retailers means finding creative ways to thrive in an ever-changing retail landscape. 1990

There were fewer people killed last year in alcohol-related crashes in 2018, according to the National Highway Transportation Safety Administration. The 165

The US announced major new restrictions on US citizens traveling to Cuba on Tuesday.The new regulations announced by the Treasury will block the most common way Americans are able to visit the island through organized tour groups that license US citizens to travel automatically.These regulatory changes were originally announced on April 17. At the time, White House national security adviser John Bolton said the Treasury Department would "implement further regulatory changes to restrict non-family travel to Cuba."The new restrictions will prohibit cruise ship passengers whose trips are arranged as organized tours.The Trump administration recently allowed US companies and Cuban-Americans to sue companies using property that was seized after the 1959 Cuban revolution, including cruise ship terminals and airports.Carnival Cruise Line was the first company to be sued under Title III of the Helms-Burton law, which previous administrations had waived. 970

The US House of Representatives has ordered an investigation into whether the Department of Defense experimented with ticks and other insects as biological weapons.In an amendment passed last week, the House calls for the Defense Department's Inspector General to look at whether any such experiments were done between the years 1950 and 1975.The amendment was introduced by New Jersey Rep. Chris Smith who said he was inspired to write it by "a number of books and articles suggesting that significant research had been done at US government facilities including Fort Detrick, Maryland, and Plum Island, New York, to turn ticks and other insects into bioweapons.""If true, what were the parameters of the program? Who ordered it?" Smith 749

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