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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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 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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BAMENDA, Cameroon (Reuters) – At least 17 people have died in clashes between security forces and protesters in Cameroon’s English-speaking regions, Amnesty International said, as violence broke out in an area where a separatist movement is gathering strength. The clashes began on Sunday after local groups called protests against what they say is their marginalisation […]
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By George Obulutsa NAIROBI (Reuters) – Police fired teargas at opposition supporters who rallied in Kenya’s capital Nairobi on Monday calling for the sacking of election board officials they blame for August’s botched presidential vote. Officers also clashed with crowds and fired teargas in the western opposition stronghold of Kisumu, forcing businesses to close, a […]
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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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MAPUTO (Reuters) – Mozambique’s President Filipe Nyusi will run for re-election in 2019, his ruling Frelimo party said on Monday, a step towards a vote meant to end sporadic clashes. Nyusi is expected to square off with opposition Renamo party leader Afonso Dhlakama, whose supporters have fought with government forces since a disputed election three […]
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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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By Dan Whitcomb (Reuters) – O.J. Simpson, acquitted of the 1994 murder of his ex-wife and her friend after the “Trial of the Century,” was released early on Sunday from a prison in Nevada, where he had been held since 2008 for a botched armed robbery at a Las Vegas casino hotel. The state’s Department […]
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