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February, 19, 2017

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A U.S. jury has ordered pharmaceutical giant Gilead Sciences to pay US$2.5 billion to competitor Merck in a patent infringement case involving a drug used to treat hepatitis C, the two companies said.
 
US Federal Reserve raises key interest rate, foresees three more hikes in 2017
After raising its benchmark interest rate in response to a strengthening U.S. economy, the Federal Reserve foresees three more hikes in 2017.
 
A report says New York City paid a rate of US$629 a night to house homeless people at a hotel on two days in September.
 
EPA fracking report offers few answers on drinking water
Is hydraulic fracturing -- better known as fracking -- safe, as the oil and gas industry claims? Or does the controversial drilling technique that has spurred a domestic energy boom contaminate drinking water, as environmental groups and other critics charge?
 
As Republicans in Washington bashed President Barack Obama's efforts to secure an Iran nuclear deal last year, Exxon Mobil was watching.
 
1st US offshore wind farm opens off Rhode Island
The nation's first offshore wind farm has opened off the coast of Rhode Island, ushering in a new era in the U.S. for the industry.
 
The billionaire owner of China's property-to-entertainment conglomerate Wanda Group has warned Donald Trump that over 20,000 U.S. jobs would be put at risk if the U.S. president-elect mishandles Chinese investment in the country.
 
A US$46 million deal between Wyoming and the Interior Department put a square mile of land inside Grand Teton National Park into U.S. government hands Monday, eliminating the possibility that the pristine property with breathtaking views of the Rocky Mountains' Teton Range might be developed.
 
President-elect Donald Trump took aim Monday at a second U.S. aerospace giant in as many weeks, this time attacking the F-35 stealth fighter and its "out of control" costs.
 
EU and Cuba normalize ties following decadeslong rift
The European Union and Cuba on Monday signed a deal to normalize ties that had been blocked for decades by human rights concerns under revolutionary icon Fidel Castro.
 
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