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A suburban Pittsburgh teen went into cardiac arrest after drinking the highly caffeinated “Charged Lemonade” from Panera Bread, according to a lawsuit — the fourth person to allegedly suffer a fatal or near-fatal heart issue before the company finally pulled the beverage from stores this month.

Luke Adams, 18, of Monroeville, Penn., was “unresponsive” and had to be revived with defibrillators at a local movie theater after ordering a Mango Yuzu Citrus “Charged Lemonade” on March 9, according to the complaint filed Monday in Philadelphia federal court.

The suit was lodged by Philadelphia-based attorney Elizabeth Crawford, who is representing three other plaintiffs in cases against the fast-food chain over alleged heart scares linked to “Charged Lemonade” — including by families of two people who died.

Adams’ near-death experience wasn’t made public until May 4, when it was reported by the Pittsburgh Post-Gazette.

Days later, Panera Bread announced it was discontinuing the sale of the “Charged Lemonade” — which has more caffeine in its large size than a 12-ounce Red Bull and a 16-ounce Monster Energy Drink combined.

Luke Adams case is a tragic example of why the Panera Charged Lemonade is an inherently dangerous product and needed to be removed from the market,” Crawford told The Post on Tuesday.

“Luke was a healthy 18-year-old with no underlying medical conditions before he drank one large Panera Charged Lemonade and went into cardiac arrest. He would have died if it was not for the heroic efforts of the medical professionals in the movie theater and at the hospital.”

Adams ordered the Charged Lemonade along with a chicken sandwich before catching a 7 p.m. screening of “Dune 2” with his pals at the Cinemark Monroeville Mall movie theater, according to the lawsuit.

About two-and-half hours into the film, one of his friends noticed that Adams was “making unusual sounds,” the lawsuit said.

“It was at this time that it was discovered that Luke was in sudden cardiac arrest,” read the complaint.

Adams was “unresponsive,” leading his friends and nearby good Samaritans to frantically call 911.

However, two nurses and cardiologist who happened to be in the theater and began administering CPR on Adams within minutes, according to the lawsuit

The medical professionals then used a defibrillator to shock Adams in an effort to return his heart to normal rhythm, the complaint said.

Adams was then rushed to a local hospital, where medical officials noticed that he was suffering from “seizure activity,” according to the lawsuit.

He was placed in intensive care, where he was intubated and put on a ventilator due to acute respiratory failure, the complaint said.

While in the ICU, Adams suffered from a second seizure, according to the complaint. He eventually regained consciousness two days later.

The lawsuit included a screenshot of a neurological report which found that Adams’ seizures were the result of “unclear etiology, possibly related to cardiac arrest secondary to caffeine intake from Panera Charged Lemonade.”

A cardiology report attached to the complaint cited “heavy caffeine intake” as the “only potential trigger” of Adams’ cardiac arrest.

Adams was fitted with a subcutaneous implantable cardioverter defibrillator which is connected to his heart. The pacemaker has been “indefinitely implanted for preemptive secondary prevention,” according to the lawsuit.

The Post has sought comment from the hospital and Panera Bread.

The chain boasts nearly 2,200 locations across the US and is incorporated in Delaware.

Last In October, Dennis Brown, 46, suffered a fatal “cardiac event” while walking home from a Panera Bread in Fleming Island, Fla.

Brown, who suffered from high blood pressure as well as a developmental delay, died after consuming a “Charged Lemonade” and two additional refills of the drink, according to a wrongful death lawsuit filed by Crawford in Delaware Superior Court last year,

A regular “Charged Lemonade” contains 260 milligrams of caffeine while a large beverage has 390 milligrams, according to Panera Bread’s web site.

In response to Brown’s death, Panera Bread said it “stands firmly by the safety of our products.”

Panera expresses our deep sympathy for Mr. Browns family, the statement said.

Based on our investigation we believe his unfortunate passing was not caused by one of the companys products. We view this lawsuit, which was filed by the same law firm as a previous claim, to be equally without merit.

Brown’s lawsuit was filed shortly after the family of Sarah Katz, a 21-year-old student at the University of Pennsylvania, alleged in a complaint that she suffered a fatal cardiac arrest after consuming a Charged Lemonade in 2022.

Earlier this year, a 28-year-old Rhode Island woman, Lauren Skerritt, filed suit against Panera Bread.

She said that she was rushed to the emergency room and suffered debilitating injuries, including irregular heartbeat, after consuming more than two servings of the Charged Lemonade drink.

Skerritt alleged in court papers filed in Delaware superior court that she has been experiencing recurrent episodes of rapid heartbeat that occur suddenly and without pattern.

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California judge rules DAO members liable under partnership laws

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California judge rules DAO members liable under partnership laws

A16z Crypto’s Miles Jennings posted on X that the ruling is a “huge blow” to decentralized governance. 

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Thousands of farmers to descend on Downing Street to protest against inheritance tax changes

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Thousands of farmers to descend on Downing Street to protest against inheritance tax changes

Thousands of farmers from across the UK are expected to gather outside Downing Street today – in the biggest protest yet against the government’s changes to inheritance tax rules.

The reforms, announced in last month’s budget, will mean farms worth over £1m will be subject to 20% inheritance tax from April 2026.

Farmers say that will lead to land being sold to pay the tax bill, impact food security and the future of British farming.

The Government insists it is “committed” to the farming industry but has had to make “difficult decisions”.

Farmers from Scotland, Northern Ireland, Wales and England will arrive in London to hear speeches from agricultural leaders.

Sky News understands TV presenter and farm owner Jeremy Clarkson, Conservative Party leader Kemi Badenoch and Lib Dem leader Ed Davey will also address crowds.

Protestors will then march around Parliament Square.

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A sign in a field by the M40 near Warwick, protesting the changes to inheritance tax (IHT) rules in the recent budget. Pic: PA
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A sign in a field by the M40 near Warwick, protesting the changes to inheritance tax rules in the recent budget. Pic: PA

‘It’s really worrying’

“It’s unfortunate, as Labour had originally said they would support farmers,” said fourth-generation farmer Will Weaver, who is attending today’s rally.

His 500-acre cow and sheep farm in South Gloucestershire has been in his family since 1939.

“We’ve probably buried our head in the sand a little bit. I think, back of a fag-packet rough estimates, tax is going to be north of half a million [pounds].”

The government is keen to stress that farmers will get a decade to pay the bill – but that comes as little comfort to Will: “It’s more than our profit in any year that we’ve had in the last 10 years. Dad’s saying we’ll have to sell something. I don’t know if we’ll be able to raise that sort of money through a mortgage. It’s really worrying.”

As anger grows, there continues to be disagreement between the National Farmer’s Union and the Government over how many farms will actually be impacted by the change.

The Treasury says only the wealthiest estates, around 500 of them, will have to pay under the new rules – claiming 72% of farms won’t be impacted.

But farmers say that calculation is incorrect – citing that DEFRA’s own figures show 66% of farms are valued at over £1m and that the government has undervalued many estates.

At the same time as the rally, the NFU is addressing 1,800 of its members in Westminster before they lobby MPs.

More on this story:
Farmers warn of food price hikes

Minister downplays risk of empty shelves if farmers strike

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The president of the National Farmers’ Union says farmers are feeling

‘Understanding has been betrayed’

Max Sealy represents the NFU Dairy Board in the South of England.

“We have a detailed job to do to explain why this is wrong not just for farming, not just for the countryside and not just for our families, but for the economy in general,” he said.

“This is a bad tax – it’s been badly implemented because it will affect growth productivity in the country.”

He told Sky News Labour made promises to farmers ahead of the election.

“Both Steve Reed and Keir Starmer came to our conference two years ago and told us farming wasn’t a business like any others and that he understood the long-term nature of farming – that understanding has been betrayed,” he said.

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Man admits being in charge of out-of-control XL bully

And the government say:

In a joint statement, Chancellor Rachel Reeves and Secretary of State for Environment, Food and Rural Affairs Steve Reed said: “Farmers are the backbone of Britain, and we recognise the strength of feeling expressed by farming and rural communities in recent weeks. We are steadfast in our commitment to Britain’s farming industry because food security is national security.

“It’s why we are investing £5bn into farming over the next two years – the largest amount ever directed towards sustainable food production, rural economic growth and nature’s recovery in our country’s history.

“But with public services crumbling and a £22bn fiscal hole that this Government inherited, we have taken difficult decisions.

“The reforms to Agricultural Property Relief ensure that wealthier estates and the most valuable farms pay their fair share to invest in our schools and health services that farmers and families in rural communities rely on.”

A Met Police spokesperson said it was “well prepared” for the protest and would have officers deployed to ensure it passes off “safely, lawfully and in a way that prevents serious disruption”.

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Fintech unicorns are watching Klarna’s debut for signs of when IPO window will reopen

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Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen

Hiroki Takeuchi, co-founder and CEO of GoCardless. 

Zed Jameson | Bloomberg | Getty Images

LISBON, Portugal — Financial technology unicorns aren’t in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they’re keeping a watchful eye on it for signs of when the market will open up again.

Last week, Klarna made a confidential filing to go public in the U.S., ending months of speculation over where the Swedish digital payments firm would list. Timing of the IPO is still unclear, and Klarna has yet to decide on pricing or the number of shares it’ll issue to the public.

Still, the development drew buzz from fintech circles with market watchers asking if the move marks the start of a resurgence in big fintech IPOs. For now, that doesn’t appear to be the case — however, founders say they’ll be watching the IPO market, eyeing pricing and eventually stock performance.

Hiroki Takeuchi, CEO of online payments startup GoCardless, said last week that it’s not yet time for his company to fire the starting gun on an IPO. He views listing as more of a milestone on a journey than an end goal.

“The markets have been challenging over the last few years,” Takeuchi, whose business GoCardless was last valued at over $2 billion, said in a CNBC-moderated panel at the Web Summit tech conference in Lisbon, Portugal.

“We need to be focused on building a better business,” Takeuchi added, noting that “the rest will follow” if the startup gets that right. GoCardless specializes in recurring payments, transactions that come out of a consumer’s bank account in a routine fashion — such as a monthly donation to charity.

Lucy Liu, co-founder of cross-border payments firm Airwallex, agreed with Takeuchi and said it’s also not the right time for Airwallex to go public. In a separate interview, Liu directed CNBC to what her fellow Airwallex co-founder and CEO Jack Zhang has said previously — that the firm expects to be “IPO-ready” by 2026.

“Every company is different,” Liu said onstage, sat alongside Takeuchi on the same panel. Airwallex is more focused on becoming the best it can be at solving friction in global cross-border payments, she said.

An IPO is a goal in the company’s trajectory — but it’s not the final milestone, according to Liu. “We’re constantly in conversations with our investors shareholders,” she said, adding that will change “when the time is right.”

‘Stars aligning’ for fintech IPOs

One thing’s for sure, though — analysts are much more optimistic about the outlook for fintech IPOs now than they were before.

'Phantom debt' is flying under the radar — and it could be a problem for the U.S. economy

“We outlined five handles to open the [IPO] window, and I think those stars are aligning in terms of the macro, interest rates, politics, the elections are out the way, volatility,” Navina Rajan, senior research analyst at private market data firm PitchBook, told CNBC.

“It’s definitely in a better place, but at the end of the day, we don’t know what’s going to happen, there’s a new president in the U.S.,” Rajan continued. “It will be interesting to see the timing of the IPO and also the valuation.”

Fintech companies have raised around 6.2 billion euros ($6.6 billion) in venture capital from the beginning of the year through Oct. 30, according to PitchBook data.

Jaidev Janardana, CEO and co-founder of British digital bank Zopa, told CNBC that an IPO is not an immediate priority for his firm.

“To be honest, it’s not the top of mind for me,” Janardana told CNBC. “I think we continue to be lucky to have supportive and long-term shareholders who support future growth as well.”

He implied private markets are currently still the most accommodative place to be able to build a technology business that’s focused on investing in growth.

However, Zopa’s CEO added that he’s seeing signs pointing toward a more favorable IPO market in the next couple of years, with the U.S. likely opening up in 2025.

That should mean that Europe becomes more open to IPOs happening the following year, according to Janardana. He didn’t disclose where Zopa is looking to go public.

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