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August, 25, 2016

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2 syringes for US$600: How EpiPen-maker Mylan continued to up prices
Sky-high price hikes for EpiPen, the injected emergency medicine for severe allergic reactions to foods and bug bites, have made its maker the latest target for patients and politicians infuriated by soaring drug prices.
 
Frankfurt charm offensive for Brexit-wary London
The marketing team of Frankfurt never expected its English-language dummy website to attract new businesses would actually go live after Britain's European Union referendum.
 
Kim to seek second term as World Bank chief
World Bank chief Jim Yong Kim will seek a second term of office, the global development lender said Tuesday as it announced the start of a selection process for the presidency.
 
Rhode Island reaches US$25.6 mil deal over Schilling's 38 Studios
Rhode Island has reached a $25.6 million settlement with two of the financial backers it sued over a disastrous deal with former Red Sox pitcher Curt Schilling's 38 Studios video game company
 
European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data.
 
A new U.S. government report released Tuesday blames lower-than-expected tax revenues for a spike in this year's budget deficit to US$590 billion. That's an increase of about one-third over last year's tally.
 
The U.S. dollar rose Wednesday with the Federal Reserve's policy plans in focus, while the South Korean won fell after the North tested a submarine-launched missile, bringing geopolitical tensions back into focus.
 
The government of the Bahamas says it has reached an agreement that will lead to the completion of a stalled mega-resort financed and built by Chinese state-owned enterprises.
 
Oil fell in Asia Wednesday on oversupply fears, after data showed an increase in U.S. crude stocks, and as traders took advantage of a recent rally to book profits.
 
China's biggest oil producer PetroChina's net profit plunged 97.9 percent in the first half of this year, it said Wednesday, as it struggled with a weak domestic economy and low oil prices.
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