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Drug industry group sues to stop California drug price law

(Reuters) – The trade group representing U.S. drugmakers on Friday said it has a filed a lawsuit to stop California from implementing a law aimed at reining in prescription drug prices. The Pharmaceutical Research and Manufacturers of America (PhRMA), in a statement, said it filed litigation in the U.S. District Court for the Eastern District of California challenging a state law requiring drug manufacturers to give notice and a justification for price increases of certain drugs. The law, Senate Bill 17, was signed by California Governor Jerry Brown in OctoberRead More


U.S. tax repatriation plan may not cure long-term dollar weakness

NEW YORK (Reuters) – Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade may have to temper their hopes for a prolonged rebound. The Presidential motorcade awaits the departure of U.S. President Donald Trump from the U.S. Capitol where he was meeting with Senate Republicans about tax legislation in Washington, U.S., November 28, 2017. REUTERS/Kevin Lamarque The plan, designed in part to give U.S. multinationals a reason to repatriate theRead More


Trump lifts refugee ban, but admissions still plummet, data shows

WASHINGTON (Reuters) – In late October, President Donald Trump lifted a temporary ban on most refugee admissions, a move that should have cleared the way for more people fleeing persecution and violence to come to the United States. Instead, the number of refugees admitted to the country has plummeted. In the five weeks after the ban was lifted, 40 percent fewer people were allowed in than in the last five weeks it was in place, according to a Reuters analysis of State Department data. That plunge has gone almost unnoticed.Read More


Google beats class action sex bias claims, for now

(Reuters) – A California state judge has dismissed class action claims accusing Alphabet Inc’s (GOOGL.O) Google of paying female employees less than men and giving them fewer opportunities for promotions. The Google logo is shown reflected on an adjacent office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake Superior Court Judge Mary Wiss in San Francisco said on Monday the lawsuit was inappropriate because it was brought on behalf of all women who worked for Google in California. She gave the plaintiffs 30 days to file a newRead More


Matt Lauer won’t get paid rest of $20 million contract after NBC fired him – Sharing #ABC #News Feed

Matt Lauer will not receive a payout for the rest of his million-dollar contract, an NBC News spokesperson confirmed to ABC News today. Interested in Matt Lauer? Add Matt Lauer as an interest to stay up to date on the latest Matt Lauer news, video, and analysis from ABC News. The disgraced former “Today” show anchor was fired after a colleague accused him of “inappropriate sexual behavior in the workplace,” the network said Wednesday in a memo obtained by ABC News. In a statement released one day later, Lauer, 59,Read More


Jeep Wrangler can meet U.S. emissions rules into the 2020s: executive

LOS ANGELES (Reuters) – The new Jeep Wrangler unveiled Wednesday should meet U.S. CO2 emissions rules into the 2020s, the head of Fiat Chrysler Automobiles NV’s (FCHA.MI) Jeep sport utility vehicle brand told Reuters. The new Jeep Wrangler Sahara and Rubicon (rear) are introduced at the Los Angeles Auto Show in Los Angeles, California U.S. November 29, 2017. REUTERS/Lucy Nicholson Mike Manley said Fiat Chrysler expects the new Wrangler, which is 200 pounds lighter than the current model, will average 20 miles per gallon in the city, and 23 onRead More


Baby-gender ‘reveal’ parties may have a dark side

(Reuters Health) – Expectant parents are bringing back the surprise element of having a baby by learning the results of prenatal ultrasound reports in ever more elaborate “gender-reveal” parties. In front of friends and relatives, they play treasure-hunt style guessing games, pop balloons to watch either pink or blue confetti fall, and cut into frosted cakes to discover the color of their unborn baby’s future. Loved ones squeal – usually, but not always, with delight – and often they broadcast video of their celebrations across their social networks. But, inRead More


White House seeks $44 billion hurricane aid, far short of requests

WASHINGTON (Reuters) – The White House on Friday said it had asked Congress for $44 billion in supplemental disaster assistance to help those hurt by recent hurricanes that hit Puerto Rico, Texas, Florida and the U.S. Virgin Islands, far short of the aid some officials have called for. FILE PHOTO: A destroyed home is seen from a Marine Corps MV-22 Osprey surveying the aftermath from Hurricane Maria in St. Croix, U.S. Virgin Islands September 21, 2017. REUTERS/Jonathan Drake The White House said it expected to seek additional funds after aRead More


China biotech’s ‘coming out party’ masks long road ahead

LONDON/SHANGHAI (Reuters) – Investors are betting on China’s potential to feed the global pharmaceutical pipeline, putting a multi-billion-dollar price tag on a handful of stocks, even as the country struggles to close a huge R&D gap with the West. Shares in firms such as Chi-Med, Beigene and Zai Lab have soared on international markets this year, fueled by hopes for their drugs and recent reforms to China’s regulatory system that should speed up approvals. “It’s almost a coming out party for China biotech,” said Christian Hogg, chief executive of HutchisonRead More


Crews push to contain California fires, search for bodies

SANTA ROSA, Calif. (Reuters) – Crews fought their way across rugged, steep terrain on Tuesday in a push to gain full control of the deadliest wildfires in California history, as search-and-rescue teams picked through an ashy moonscape of destroyed homes looking for victims. Though a dozen major blazes were still burning across the region, where 5,700 homes and businesses, some of them wineries, have been gutted, fire officials said they were gaining confidence they had finally gained the upper hand against the flames. “There are still some concerns that ifRead More