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UPDATE 1-U.S. FDA approves RedHill's bacterial infection treatment

RedHill Biopharma Ltd’s said on Monday its three-drug combination therapy to treat Helicobacter pylori bacterial infections had been approved by the U.S. Food and Drug Administration. The drug, Talicia, is an oral capsule comprising two antibiotics, amoxicillin and rifabutin, as well as omeprazole, a common treatment for heartburn. The Israel-based company said the drug was designed to address the high resistance of H. pylori bacteria to current clarithromycin-based standard-of-care therapies. …read more […]

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Apple pledges $2.5 bln to fight California housing crisis

Apple Inc on Monday said it would commit $2.5 billion to easing a housing shortage that has driven up prices across California, with most of the money dedicated to funds that will be run either with or by the state government. One billion dollars will go to a jointly run fund with state officials aimed at jumpstarting delayed or stalled affordable housing projects. In an interview with Reuters, Apple Chief Executive Tim Cook said the company felt a “profound responsibility” to improve California’s housing crisis. …read more […]

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UPDATE 1-Turkey says delivery of second Russian S-400 batch may be delayed

Delivery of a second batch of Russian S-400 missile defence systems to Turkey may be delayed beyond a planned 2020 timeline by talks on technology sharing and joint production, the head of Turkey’s Defence Industry Directorate said on Monday. NATO allies Turkey and the United States have been at loggerheads over the purchase of the S-400 system, which Washington says is not compatible with NATO defences and poses a threat to its Lockheed Martin F-35 fighter jets. Despite Washington’s warnings and threats of U.S. sanctions, Turkey started taking delivery of the first S-400 batch in July. …read more […]

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Fires and Blackouts Increase Political Risk for California Governor Gavin Newsom

(Bloomberg) — With more than 2 million people without electricity last week amid mass blackouts by bankrupt PG&E Corp. and wildfires scorching the state, California’s Democratic Governor Gavin Newsom repeatedly said he “owns” the crisis and that it’s “on me” to make sure it doesn’t happen again.His allies and adversaries alike agree.Republicans and even some Democrats say Newsom needs to move quickly to resolve what has become an untenable problem for California, the world’s fifth-largest economy, or the political honeymoon that he’s enjoyed for 10 months may be upended by a climatological disaster.Recognizing the need for swift action, Newsom on …read more […]