WASHINGTON (Reuters) – The U.S. Food and Drug Administration on Monday announced a series of measures designed to speed to market generic versions of complex drugs such as Mylan NV’s emergency EpiPen in an effort to address the rising cost of pharmaceuticals. The measures, announced in a blog post by Commissioner Scott Gottlieb, stray into […]
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WASHINGTON (Reuters) – The top Democrat on the House Intelligence Committee said on Monday he intended to make a “representative sampling” of Facebook Inc political ads believed to have been purchased by Russia available to the public later this month and that he hoped to make them all public eventually. Representative Adam Schiff confirmed that […]
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By Julie Gordon and Ethan Lou VANCOUVER/CALGARY, Alberta (Reuters) – Canada failed in its duty to consult First Nations and other groups on the Trans Mountain oil pipeline expansion, and therefore the approval of the C$7.4 billion ($5.9 billion) project must be overturned, lawyers for project opponents argued at the launch of a judicial review […]
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By Noel Randewich SAN FRANCISCO (Reuters) – Roku’s <ROKU.O> stock tumbled 11 percent on Monday and was on track for its first loss since the music streaming company’s public listing last week, even after it unveiled a lineup of new devices. The Los Gatos, California company is riding a wave of consumers abandoning cable TV […]
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By Lisa Rapaport (Reuters Health) – When fitness trackers alone fail to get families moving enough, turning step counts into a competition might help people get more exercise, a small experiment suggests. Researchers gave fitness trackers to 200 adults and asked them to set daily step count goals to increase their activity levels. All had […]
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By Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Monday refused to consider a bid by Samsung Electronics Co Ltd <005930.KS> to force customers who have filed proposed class-action lawsuits against the company to arbitrate their claims instead of bringing them to court. The justices left intact a lower court’s ruling that purchasers […]
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By Costas Pitas LONDON (Reuters) – Uber’s [UBER.UL] top boss in Britain will quit the taxi hailing app, according to an email seen by Reuters on Monday, as the company prepares to meet the London transport regulator in a bid to keep operating in one of its most important foreign markets. Transport for London (TfL) […]
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By Foo Yun Chee BRUSSELS (Reuters) – The European Union is drawing up guidelines on how much patent holders should charge for their technologies, a thorny issue that pits Apple and other users against Qualcomm and Ericsson. Trillions of dollars in sales are at stake as regulators ponder whether a fridge maker should pay a […]
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By Stine Jacobsen COPENHAGEN (Reuters) – Offshore wind firm, DONG Energy, soon to be renamed Orsted, says big European companies are increasingly interested in buying renewable power directly from renewable developers as they seek to reduce their carbon footprint. The shift comes as the price of renewable power has plunged to levels that make it […]
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By Jonathan Stempel (Reuters) – Allergan Plc was sued on Monday by Shire Plc for allegedly scheming to block doctors from prescribing its new treatment for dry eye disease. In a complaint filed with the federal court in Newark, New Jersey, Shire accused Allergan of violating antitrust laws to preserve its roughly 90 percent share […]
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By Paul Lienert (Reuters) – Ford Motor Co has formed a team to accelerate global development of electric vehicles, whose mission will be to “think big” and “make quicker decisions,” an executive of the company said on Monday. One aim of Ford’s “Team Edison” is to identify and develop electric-vehicle partnerships with other companies, including […]
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By Heather Somerville and Anna Irrera SAN FRANCISCO/NEW YORK (Reuters) – Under the leadership of Chief Executive Mike Cagney, Social Finance Inc (SoFi) set its sights on becoming a one-stop shop for every well-to-do millennial looking for financial services and a romantic partner. One of the most valuable private financial technology startups in the […]
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