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UK building sector hit by surge in insurance costs after Grenfell fire

Two years after a fire killed 71 people at London’s Grenfell Tower, insurance premiums for building contractors, architects and surveyors have surged by as much as several hundred percent, risking future projects, industry sources say. Combustible materials used to refurbish Grenfell were central to the chain of events in June 2017 that turned an ordinary kitchen fire into an inferno, an official inquiry said last month.

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EU Stops the Clock on Review of Boeing Deal With Embraer

(Bloomberg) — European regulators halted their in-depth antitrust probe into Boeing Co.’s plan to invest in Embraer SA, saying they hadn’t received sufficient information from the planemakers.The European Commission has been investigating the venture, warning that the deal could remove Embraer as the third-largest global competitor to both Boeing and Airbus SE, which “may therefore result in higher prices and less choice.” The commission, one of the world’s toughest merger regulators, said Monday that it “stopped the clock” and a review can only be restarted once it gets the answers it needs.The heightened scrutiny puts new pressure on Boeing’s plan …read more […]

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UPDATE 1-FDA rejects Lipocine's testosterone drug for third time

The U.S. Food and Drug Administration on Monday declined to approve Lipocine Inc’s oral drug to treat a condition that results in lower production of male sex hormone for the third time, sending the drug developer’s shares down 34%. The company said a letter from the regulator indicated the application could not be approved in its present form as Lipocine’s trial did not meet three secondary goals that were designed to assess if higher levels of testosterone in patients could raise safety concerns. The decision marks the third regulatory setback in over three years for Lipocine’s Tlando, which …read more […]