(Reuters) – Pfizer Inc has agreed to pay $23.85 million to resolve allegations it illegally paid kickbacks to Medicare patients through a purportedly independent charitable foundation, the U.S. Department of Justice said on Thursday.
A month ago, Pfizer Inc. (NYSE:PFE) felt the sting of a somewhat surprising disappointment. Its biosimilar version of Herceptin, the popular breast cancer drug from Roche Holding AG (OTCMKTS:RHHBY), was rejected by the FDA.Biosimilar drugs are nearly-identical copies of a competitor’s product. It was a blow not just because Herceptin generated sales of more than $7 billion last year, but because it put the viability of Pfizer’s entire biosimilar program into question. …read more […]
(Reuters) – U.S. stocks dropped on Thursday after President Donald Trump canceled a planned summit with North Korean leader Kim Jong Un, while a slide in oil prices and bank stocks also weighed as investors grappled with fresh U.S. protectionist plans.
WASHINGTON (Reuters) – An Uber [UBER.UL] self-driving vehicle that struck and killed a woman in Arizona in March failed to identify the pedestrian or to brake, raising serious questions about its performance, the U.S. National Transportation Safety Board said in a preliminary report released on Thursday.
Arguably the biggest adult video website on the planet, Pornhub is responsible …read more […]
(Reuters) – U.S. stocks fell on Thursday after President Donald Trump called off his planned June 12 summit meeting with North Korean leader Kim Jong Un.
(Reuters) – Tesla Inc Chief Executive Elon Musk gained the support on Thursday of more than half a million people on Twitter for plans to create a website evaluating journalists’ credibility, spurred by his frustration at media reports about the electric car maker.
WASHINGTON (Reuters) – An Uber Technologies Inc [UBER.UL] self-driving vehicle that struck and killed a woman in Tempe, Arizona in March failed to identify the pedestrian or brake, raising serious questions about the performance of the vehicle, the U.S. National Transportation Safety Board said in a preliminary report released Thursday.
FRANKFURT (Reuters) – Germany’s road vehicle authority KBA has ordered Daimler to recall its van model Vito 1.6l Diesel Euro 6, saying two of the van’s engine control features to reduce exhaust emissions were in breach of regulations.
(Reuters) – U.S. stocks were set to open lower on Thursday as rising concerns over U.S. trade protectionism, this time around car imports, overshadowed optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected.
This biotech blue chip is simply too enticing to pass up. …read more […]
(Reuters) – Shares of General Motors and Ford inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions.
HONG KONG/MOSCOW (Reuters) – Russia’s largest aluminum producer, United Company Rusal Plc , said on Thursday that its chief executive and seven board members had quit, part of a strategy it hopes may persuade the United States to lift crippling sanctions on it.
(Reuters) – The U.S. Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday.
WASHINGTON (Reuters) – The United States has not made a final decision on changes to its ban on ZTE Corp , but any alternative remedy could include installing U.S. compliance officers at the Chinese telecoms company, Commerce Secretary Wilbur Ross told CNBC.
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