Here's why drug prices rise even when there's plenty of competition
At least eight pharmaceutical companies sell a decades-old drug that treats gallstones, but the competition has done little to keep its price down.Instead the price has skyrocketed. Two years ago, ursodiol’s wholesale price was as low as 45 cents a capsule. Then in May 2014, generic drug manufacturer Lannett Co. hiked its price to $5.10 per capsule, and one by one its competitors followed suit – with most charging nearly the same price.Experts say this is not how a competitive marketplace is su..>> view originalRoundup: U.S. Steel sues Michigan; mortgage rates rise; more - Tribune
Roundup: U.S. Steel sues Michigan; mortgage rates rise; more In this Thursday, Dec. 3, 2015, file photo, a home under construction is for sale in Roswell, Ga. According to information released by Freddie Mac on Thursday, Sept. 1, 2016, long-term U.S. mortgage rates rose during the week amid expectations in financial markets that an increase in interest rates by the Federal Reserve may be on the horizon.Photo by AP Email Newsletters Sign up for one of our email newsletters. Updated 2 ho..>> view originalSouth Korea's Hard Line on Hanjin Shipping Signals New Attitude
South Korea’s decision to withdraw support for its largest shipping company has sent shock waves through an ailing global industry. It also shows Seoul’s toughening stance when it comes to troubled firms. Hanjin Shipping Co.’s potential bankruptcy would be the largest container-shipping failure in history, dwarfing all previous carrier bankruptcies, says shipping consulting firm Alphaliner. Not knowing whether they would get paid, ports and handlers from South Korea to China, the U.S., Canada,..>> view originalTuned in: Discovery revs up 'Harley' miniseries - Pittsburgh Post
BEVERLY HILLS, Calif. — Discovery Channel debuts its second scripted miniseries, “Harley and the Davidsons” (9 p.m. Monday through Wednesday next week), the story of two immigrant families who founded the famed Harley-Davidson motorcycle company in 1903 in a Milwaukee shed. Monday’s premiere introduces the primary characters, Walter (Michiel Huisman) and Arthur Davidson (Robert Aramayo), and engineer Bill Harley (Bug Hall, “The Little Rascals”), and their struggles developing and breaking into ..>> view originalChina's anti-trust regulators are investigating the Didi-Uber deal
China has opened an investigation to determine whether Didi’s Chuxing’s impending acquisition of Uber China violates national anti-trust laws. The development — which was first reported by the Wall Street Journal — was confirmed by Didi. “We are in communication with the authorities,” a spokesperson told TechCrunch. At this point there is no indication when the probe, which was triggered by feedback, will be completed. The Journal reports that there have already been two meetings between regul..>> view originalHPE said to plan sale of its software unit
Hewlett Packard Enterprise is said to be looking to sell its software division, which would include the business from its disastrous acquisition of Autonomy in 2011, according to news reports. The enterprise IT company that emerged from the breakup of Hewlett-Packard has been restructuring its operations recently, including a US$8.5 billion deal announced in May to spin off and merge its enterprise services business with CSC. A sale of the software business would leave the company focused large..>> view originalEU's Vestager warns others, says Apple could cut bill
European Commissioner for Violation of EU Treaties Vestager reacts during a news conference on the approval of the Hutchison-Vimpelcom deal at the EC in Brussels Thomson Reuters By Alastair Macdonald and Foo Yun Chee BRUSSELS (Reuters) - Other multinationals which do not employ as extreme Irish tax schemes as Apple but shift profits via the country to tax havens could also be breaching EU rules, Competition Commissioner Margrethe Vestager said on Thursday. She hande..>> view originalAsia stocks sway before US jobs report, dollar nurses losses
By Shinichi Saoshiro | TOKYO TOKYO Asian stock markets wobbled and the dollar was on the defensive on Friday as investors awaited U.S. job data later in the day which could give clues on whether the Federal Reserve will raise interest rates as soon as this month.Spreadbetters expected Britain's FTSE .FTSE, Germany's DAX .GDAXI and France's CAC .FCHI to open a touch higher as caution prevailed.The dollar, which was bullish much of the week, nursed losses after downbeat U.S. manufacturing data..>> view originalHere's Why Shares of Lululemon Are in a Low Lunge
Lululemon Athletica has had a stellar run on the stock market in 2016. But the yoga and running gear maker couldn’t extend the gains on Thursday, after outlook targets that were a bit softer than Wall Street expected. For much of this year, Lululemon lulu had been a star performer within the athletic gear space, a subcategory of apparel that has benefited from the “athleisure” trend that Lululemon helped popularize. Through Thursday’s closing price, the stock had soared 46% year-to-date—..>> view original
Friday, September 9, 2016
Here's why drug prices rise even when there's plenty of competition and other top stories.
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