FDA approves Celgene’s bone marrow cancer treatment
(Reuters) – The U.S. Food and Drug Administration on Friday approved Celgene Corp’s Inrebic to treat certain rare forms of…
AbbVie prices new rheumatoid arthritis drug at $59,000/yr
(Reuters) – AbbVie Inc has priced its new rheumatoid arthritis treatment at $59,000 a year after gaining U.S. approval on…
Facebook failed to warn users of known risks before 2018 breach: court filing
(Reuters) – Facebook (FB.O) users suing the world’s largest social media network over a 2018 data breach say it failed…
U.S. FDA approves TB Alliance’s treatment for drug-resistant tuberculosis
(Reuters) – The U.S. Food and Drug Administration has approved TB Alliance’s treatment for drug-resistant tuberculosis as part of a…
Novartis replaces top scientists at Avexis after drug data manipulated
NEW YORK (Reuters) – Novartis AG said on Wednesday it replaced the two top research and development executives at its…
India’s Coffee Day to sell Bengaluru tech park to Blackstone, cut debt
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on…
Lion Air ‘urgently requires’ more 737 MAX jets to support growth: co-founder
FILE PHOTO: Lion Air’s Boeing 737 Max 8 airplane is parked on the tarmac of Soekarno Hatta International airport near…
Novartis names Bulto as new head of U.S. drugs business
FILE PHOTO: Logo of Swiss drugmaker Novartis is seen at its branch in Schweizerhalle near Basel, Switzerland, March 29, 2018.…
ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third…
WeWork preps for IPO with growing revenues and widening losses
(Reuters) – WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost…
Macy’s not looking to raise prices if new tariffs imposed: CEO
(Reuters) – Macy’s Inc (M.N) Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not…
Air Canada sees A220 jet delivering boost for key U.S. transit traffic
MONTREAL (Reuters) – Air Canada said on Wednesday it will launch a direct Seattle-Montreal service in May 2020 with its…
China’s Tencent cautious after surge in quarterly profit
HONG KONG (Reuters) – China’s Tencent Holdings (0700.HK), the world’s largest gaming company by revenue, warned on Wednesday of a…
Novartis says top R&D executives no longer at Avexis unit after test data manipulation
FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland…
Ryanair Spanish cabin crew unions threaten 10 days of strikes
DUBLIN (Reuters) – Unions representing Ryanair (RYA.I) cabin crew in Spain on Wednesday announced plans to hold 10 days of…
Ford extends warranty on 560,000 Focus, Fiesta models
FILE PHOTO: The logo of Ford is seen on a 2020 Ford Explorer car at Ford’s Chicago Assembly Plant in…
Macy’s shares sink as discounts to clear inventory hurt, tourism drops
(Reuters) – Macy’s Inc (M.N) cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
FCC chairman circulates order to approve Sprint, T-Mobile tie-up
FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this…
Macy’s sinks as discounts to clear inventory backfire, tourism drops
(Reuters) – Macy’s Inc (M.N) slashed its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
Wall Street tumbles on rising fears of recession
(Reuters) – Wall Street main indexes slid more than 2% on Wednesday, as a closely watched U.S. bond market indicator…
Bayer mediator dismisses report of $8 billion Roundup settlement
NEW YORK/FRANKFURT (Reuters) – Bayer AG has not offered to pay billions of dollars to settle claims in the United…
Amgen wins U.S. patent battle on arthritis drug Enbrel, thwarting Novartis
(Reuters) – A U.S. judge on Friday upheld two patents relating to Amgen Inc’s blockbuster rheumatoid arthritis drug Enbrel, denying…
No-deal Brexit could deepen Europe’s shortage of medicines – experts
BRUSSELS (Reuters) – As the Oct. 31 deadline for Britain to leave the European Union approaches, health professionals are warning…
Regeneron’s Ebola treatment proves superior to rival in trial
(Reuters) – Regeneron Pharmaceuticals Inc said on Monday its experimental treatment for Ebola proved superior to a rival therapy from…
Senator Grassley seeks info on Novartis’s Zolgensma data issues
FILE PHOTO: U.S. Senator Chuck Grassley (R-IA) speaks to reporters on his way from the Senate floor after a vote…
Scientists hail promise of first effective Ebola treatments in Congo trial
LONDON (Reuters) – Scientists are a step closer to finding the first effective treatments for the deadly Ebola haemorrhagic fever…
AMS plans rival takeover bid for Germany’s Osram
FILE PHOTO: CEO of lamp manufacturer Osram Olaf Berlien poses during the opening of the company ‘World of light’ showroom…
Tesla electric car catches fire after hitting a tow truck in Moscow
Joe Young, media relations associate for the Insurance Institute for Highway Safety (IIHS), demonstrates a front crash prevention test on…
Adidas celebrates 70 years with star-studded building opening
Former tennis player Stan Smith looks at his shoe as he attends the celebrations for German sports apparel maker Adidas’…
Investors embrace ESG investing but don’t target gun stocks
BOSTON (Reuters) – Two new BlackRock Inc funds that exclude gun makers are off to slow starts as socially-minded investors…
Ryanair Irish pilots back industrial action as unrest spreads
DUBLIN (Reuters) – Ryanair’s (RYA.I) directly employed pilots in Ireland on Friday voted in favor of industrial action unless pay…
Walmart tells staff to pull violent video game signage from stores
(Reuters) – Walmart Inc said on Friday it has asked employees at its stores in the United States to take…
Beyond Meat shelves plans for Japan push, Mitsui says
FILE PHOTO: Products from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas,…
Farm equipment maker Deere’s dealers reel from trade war, bad weather
CHICAGO (Reuters) – When China announced this week that it had stopped buying U.S. agricultural products and might impose additional…
Gold gains as trade concerns weigh on global markets
NEW YORK (Reuters) – Signs of further escalation of the U.S.-China trade war and weak UK economic data weighed on…
Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
BEIJING/PARIS (Reuters) – Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs…
U.S. still evaluating requests from firms to sell to China’s Huawei: officials
FILE PHOTO: The Silicon Valley office of Huawei and its U.S. subsidiary Futurewei Technologies Inc. in Santa Clara, California, U.S.,…
Trump roils markets with comments on China trade, Huawei
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said he was not ready to make a deal with China…
Pope caps reform of Vatican bank with new statutes
VATICAN CITY (Reuters) – Pope Francis has approved new statutes for the Vatican Bank, making an external audit obligatory and…
Timeline: Key dates in the U.S.-China trade war
(Reuters) – Hopes for an early settlement of the yearlong U.S.-China trade war dimmed this week after the United States…
Bayer mediator dismisses report of $8 billion Roundup settlement
NEW YORK/FRANKFURT (Reuters) – Bayer AG has not offered to pay billions of dollars to settle claims in the United…
Investors look for consumer pressure ahead of next tariffs
(Reuters) – As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of…
Sarepta says adverse event report for DMD gene therapy erroneously submitted
(Reuters) – Sarepta Therapeutics Inc said on Thursday it was informed that an adverse event report was erroneously submitted to…
FDA panel backs Gilead’s HIV prevention drug Descovy, except in women
(Reuters) – An FDA advisory panel on Wednesday voted in favor of Gilead Sciences Inc’s combination drug to reduce the…
Patient groups push back against Gilead’s pricey HIV prevention treatment
LOS ANGELES (Reuters) – Gilead Sciences Inc (GILD.O) hopes to soon introduce a pricey new pill to prevent HIV in…
Medicare to cover expensive cancer cell therapies
FILE PHOTO: A Gilead Sciences, Inc. office is shown in Foster City, California, U.S. May 1, 2018. REUTERS/Stephen Lam (Reuters)…
Roche says test showed Tecentriq helped vs bladder cancer
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd…
Philippines weighs re-use of controversial dengue vaccine
FILE PHOTO: Boxes of anti-dengue vaccine Dengvaxia are placed inside a freezer for storage at the Manila Health Department in…
U.S. FDA approves Daiichi Sankyo’s treatment for rare joint tumor
(Reuters) – The U.S. Food and Drug Administration on Friday approved Daiichi Sankyo Co Ltd’s treatment for adult patients with…
Beyond Meat competitor Impossible Foods receives FDA approval for ‘bleeding’ plant burger
(Reuters) – The U.S. Food and Drug Administration on Wednesday approved a key ingredient in plant-based burger patties made by…
Oklahoma makes final bid to hold J&J responsible for opioid epidemic
(Reuters) – Oklahoma’s attorney general on Wednesday made his final bid to force Johnson & Johnson to pay $17 billion…
Roche’s Tecentriq recommended for EU approval to treat lung cancer form
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd…
U.S. lawmakers grill e-cigarette maker Juul over efforts targeted at schoolchildren
WASHINGTON (Reuters) – E-cigarette maker Juul Labs Inc funded a “holistic health education” camp as part of efforts to market…
European panel okays GW Pharma cannabis drug for epilepsy
(Reuters) – GW Pharmaceuticals’ marijuana-based treatment Epidyolex has won a positive recommendation for marketing approval from a European Medicines Agency…
Bayer in frame to win first EU nod for high-precision cancer drug
(Reuters) – Europe’s drug regulator has recommended approving Bayer’s Vitrakvi, putting the medicine on track to become the first in…
In Roundup case, U.S. judge cuts $2 billion verdict against Bayer to $86 million
(Reuters) – A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who…