david-ingram
New drugs fuel strong Pfizer results; company raises 2016 forecasts
May 3, 2016 by elegant · Leave a Comment
Pfizer said sales would be hurt in the fourth quarter of 2016, however, when those added days will be offset by fewer days. Pfizer walked away from the deal after the U.S. Treasury issued new rules curbing tax inversion deals, under which American companies move overseas to cut taxes. Many analysts believe Pfizer needs to buy new medicines or entire biotech companies to ensure competitive earnings growth.
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New drugs fuel strong Pfizer results; company raises 2016 forecasts
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U.S. prosecutors consider more charges against ex-CEO Shkreli
May 3, 2016 by admin · Leave a Comment
NEW YORK (Reuters) – Former drug executive Martin Shkreli, who last year became a lightning rod for outrage over soaring prescription drug prices, may face additional U.S. charges of securities fraud, a federal prosecutor
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U.S. prosecutors consider more charges against ex-CEO Shkreli
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El-Erian: Markets front-run Fed in tightening financial conditions
February 4, 2016 by publisher · Leave a Comment
By Jennifer Ablan NEW YORK (Reuters) – Mohamed El-Erian, the chief economic adviser at Allianz SE , said on Thursday that with volatility rising, the markets effectively have served as front-runners to the Federal Reserve in tightening global financial conditions. “I doubt we will see the four rate hikes signaled a few weeks ago by Fed officials,” El-Erian said. “Two hikes are likely, if not less.” William Dudley, president of the Federal Reserve Bank of New York, said on Wednesday that financial conditions have tightened considerably…
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El-Erian: Markets front-run Fed in tightening financial conditions
david-ingram
Viacom names CEO Dauman as chair as Redstone exits; daughter protests
February 4, 2016 by creative · Leave a Comment
By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone's daughter, who voted against Dauman. Viacom announced on Thursday that the ailing 92-year-old Redstone was becoming chairman emeritus, a day after CBS Corp said Redstone, also the CBS majority owner, was stepping down as executive chairman and being …
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Viacom names CEO Dauman as chair as Redstone exits; daughter protests
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Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’
February 4, 2016 by publisher · Leave a Comment
By Sarah N. Lynch and David Ingram WASHINGTON/NEW YORK (Reuters) – Former drug executive Martin Shkreli smirked and brushed off questions about drug prices then tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will. Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary Clinton after his company, Turing Pharmaceuticals, raised the price of the drug Daraprim by more than 5,000 percent to $750 a pill. At a hearing of the U.S. House…
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Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’
david-ingram
Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’
February 4, 2016 by publisher · Leave a Comment
By Sarah N. Lynch and David Ingram WASHINGTON/NEW YORK (Reuters) – Former drug executive Martin Shkreli smirked and brushed off questions about drug prices then tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will. Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary Clinton after his company, Turing Pharmaceuticals, raised the …
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Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’