No Picture
Trading Ideas

Novartis, Merck and Allergan join those raising U.S. drug prices for 2020

Novartis AG, Merck & Co Inc and Allergan Plc were among companies that raised U.S. prices on more than 100 prescription medicines on Friday, bringing the tally to 445 drugs that will cost more in 2020, according to data analyzed by healthcare research firm 3 Axis Advisors. Nearly all of the price increases are below 10%, with the median price increase around 5%, according to 3 Axis. Swiss drugmaker Novartis raised prices on nearly 30 drugs including psoriasis treatment Cosentyx and multiple sclerosis medicine Gilenya, 3 Axis said. …read more […]

No Picture
Trading Ideas

U.S. Not Eyeing Immediate Oil Release in Response to Iran Crisis

(Bloomberg) — The Trump administration isn’t actively considering an immediate release of oil from the national petroleum reserve in response to the Iran crisis that has sent oil prices higher, according to a person familiar with deliberations within the White House.Oil prices jumped almost 5% in New York and London after a U.S. airstrike killed General Qassem Soleimani, one of Iran’s most powerful generals. Although President Donald Trump has the Strategic Petroleum Reserve at his disposal to offset potential supply disruptions, no talks have taken place within the administration about selling some of the stockpiled crude, said the person who …read more […]