Monthly Archive: April 2018

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‘Pharma Bro’ arrives at low-security federal prison

FORT DIX, N.J. — The pharmaceutical-industry entrepreneur vilified for jacking up the price of a life-saving drug has been placed in a low-security federal prison in New Jersey. Martin Shkreli was moved Tuesday from the Brooklyn Metropolitan Detention Center in New York to the Federal Correctional Institution at Fort Dix. According to its handbook , […]

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China: Qualcomm plan ‘has difficulty’ resolving concerns

BEIJING — Qualcomm Inc.’s latest proposal for its $44 billion acquisition of NXP Semiconductors “has difficulty” resolving concerns of Chinese anti-monopoly regulators, a government spokesman Thursday. The Commerce Ministry spokesman’s comment was the first Chinese statement about the U.S. chipmaker’s proposed acquisition since a trade dispute blew up between Beijing and President Donald Trump over […]

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Feds ordered savings review for Gordie Howe bridge over cost concerns: documents

OTTAWA — The federal government ordered a review of the budget for a new cross-border bridge in Windsor, Ont., after concerns arose that the cost was in danger of exceeding spending targets, newly released documents show. Officials found ways to save money on the Gordie Howe International Bridge “without significantly changing the risk” to the […]

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Unilever announces share buyback, dividend boost

THE HAGUE, Netherlands — Unilever, the consumer goods multinational whose brands include Dove, Knorr and Ben & Jerry’s, says it is planning a share buyback worth up to 6 billion euros ($7.4 billion) later this year. Unilever said Thursday that sales in the first quarter were hit by unfavourable currency exchange rates and fell 5.2 […]

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Novartis 1Q profit jumps 12 per cent as heart drug sales soar

GENEVA — Swiss pharmaceuticals company Novartis says net income jumped 12 per cent in the first quarter, pointing to explosive growth in its heart-failure drug Entresto as its rollout continues, and powerful double-digit percentage growth for psoriasis drug Cosentyx. The Basel-based powerhouse, one of the world’s largest drug companies, said Thursday that first-quarter net profit […]

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Ahead of 420, advocates and critics reflect on pot in the US

America’s marijuana supporters have a lot to celebrate on this 420 holiday: Thirty states have legalized some form of medical marijuana, according to a national advocacy group. Nine of those states and Washington, D.C., also have broad legalization where adults 21 and older can use pot for any reason. Michigan could become the 10th state […]

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Teacher uprisings harness social media in fight for funding

PHOENIX — The public education uprisings that began in West Virginia and spread to Arizona, Oklahoma and Kentucky share similar origin stories. Teachers, long tired of low wages and a dearth of state funding, begin talking to each other online. Their Facebook groups draw tens of thousands of members. They share stories of their frustrations […]