Drugmakers see a pricing blueprint in an $850,000 gene therapy
SAN FRANCISCO (Reuters) – Global drugmakers are looking to a tiny biotech’s $850,000 therapy for a rare type of blindness as a model for getting paid for highly expensive – and effective – new medicines.
D.E. Shaw takes stake in Lowe’s: CNBC
(Reuters) – Hedge fund D.E. Shaw & Co has built an active stake in home improvement chain Lowe’s Cos Inc , CNBC reported on Friday, citing sources.
Fiat Chrysler recalls 162,000 minivans over glitch that may cause stall
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Friday it was recalling more than 162,000 2017 Chrysler Pacifica minivans because a software glitch may cause the vehicles to stall.
Volkswagen’s Canadian unit agrees to settle class action lawsuit
(Reuters) – Volkswagen AG’s Canadian unit said on Friday it had agreed to settle a class action lawsuit by compensating users of some Volkswagen, Audi and Porsche diesel vehicles over emission issues.
Spark’s price for Luxturna blindness gene therapy too high: ICER
(Reuters) – The proposed price for Spark Therapeutics Inc’s groundbreaking one-time gene therapy for a rare form of blindness is far too high, an independent U.S. nonprofit organization that evaluates clinical and cost effectiveness of new medicines s…
Wall St. scales record highs on earnings optimism, data
(Reuters) – Wall Street continued its rally on Friday as fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove gains for consumer stocks.
U.S. top court to decide if online retailers must collect state sales tax
WASHINGTON (Reuters) – The U.S. Supreme Court on Friday agreed to decide whether to expand the ability of states to require online retailers to collect sales tax, taking up South Dakota’s dispute with three e-commerce companies.
BlackRock CEO Fink shows no signs of entering bitcoin ETF race
NEW YORK (Reuters) – BlackRock Inc has profited by being beating its competitors in exchange-traded funds to the punch, but Chief Executive Officer Larry Fink seems happy to be out of step with at least one trend – the race to build a bitcoin fund.
U.S. airlines November on-time rates highest in eight years
NEW YORK (Reuters) – U.S. airlines in November had their highest on-time arrival rates in eight years, the U.S. Department of Transportation said on Friday, setting another watermark in a record-breaking year for safety and performance.
CVS plans to keep Aetna’s headquarters in Connecticut
NEW YORK (Reuters) – CVS Health Inc said on Friday that it plans to keep Aetna Inc’s headquarters in Connecticut after it completes its $69 billion acquisition of the U.S. health insurer.
