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In Time Interview, Trump Vows to Lower Drug Prices

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Just two sentences from President-elect Donald Trump on drug prices sent biotech investors into a frenzy Wednesday. That commentary has already brought down drug companies' stock prices. He has supported allowing consumers to re-import drugs from overseas, and mentioned having the Medicare health program for the elderly negotiate prices directly with pharmaceutical manufacturers. Read More »

Here's How Amazon Go Can Be The Next Growth Driver For Amazon

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This initial scan essentially gives Amazon permission to track you and bill you for what you take from the shelves. Still, the patent does describe basically everything the company teased with its announcement yesterday, so this seems rather close to how Amazon Go will work in practice. Read More »

Tennessee fire still burning

Werner fought back tears when describing the tight-knit community of Gatlinburg , a popular resort area, and the resilience of its residents. "If it were my family members, I'd be frustrated". Great Smoky Mountains National Park Superintendent Cassius Cash has said the fires were "likely to be human-caused" but he has refused to elaborate, saying only that the investigation continues. Read More »

Consumer groups caution Dems on 'Cures' bill

For instance, the almost $5 billion in NIH appropriations must be re-authorized every year, and the bill siphons money from a major Obamacare public health program in order to fund it. Buried in the 1,000-page bill are provisions that increase funding for the National Institutes of Health, which includes funding Vice President Joe Biden's "Cancer Moonshot" initiative and President Barack Obama's Precision Medicine Initiative that will drive research into genetic, lifestyle and environmental ... Read More »

Italy's referendum result marks 'phase of instability,' senior German MEP warns

German's foreign minister also expressed concern about the result, which prompted Prime Minister Matteo Renzi to resign. It was presented as the main leverage of change but in fact it was a result of a delusional compromise. The European Central Bank meets on Thursday amid much speculation it will announce a six-month extension of its asset buying program and widen the type of bonds it can purchase. Read More »

Pump prices on the rise, blame OPEC

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Back in 2008, OPEC agreed to cut their production by 2,2 million barrels a day, which turned out to be the biggest production cut in the history of OPEC. "Brent was trading at about US$50 a barrel after the announcement, and we expect it to trade at an average of US$55-$60 per barrel in 2017". He continued to say that OPEC "has made a decision to reduce its production by around 1.2 mb/d to bring its ceiling to 32.5 mb/d, effective 1st of January 2017". Read More »

Trump the campaign trail showman returns on 'Thank you' tour

That decision came after Trump, during the long presidential campaign, publicly called on the company to retain the jobs in Indianapolis and threatened to punish American companies that move operations overseas with stiff import tariffs. But while Kanowitz largely praised Trump's initial moves as president-elect, he visibly recoiled at the suggestion that Trump might pick Mitt Romney as secretary of state, saying the 2012 Republican presidential nominee was "someone we should leave behind as ... Read More »

Bank of England yields to vegan pressure over plastic fivers

The lender responded to the uproar in a statement that said it is treating concerns with the "utmost seriousness". The UK's central bank also emphasised that it was unaware that the note would contain tallow at the time the contract to print them was signed with supplier Innovia. Read More »

Myanmar crowd protests Malaysia rally for Rohingya

Last month it summoned the Myanmar ambassador, while around 500 Malaysians and Rohingya marched to the embassy in the Malaysian capital carrying banners denouncing the "genocide". Myanmar says the Rakhine crisis is an internal issue, but global pressure on the country is mounting. Although, Ms Suu Kyi bowed to weeks of global pressure late on Thursday to appoint a commission to investigate the original attacks and the allegations of human rights abuses in the military operation that followed. Read More »

Oil prices tumble as doubts over planned crude output cut rise

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The meeting got canceled after Saudi Arabia's refusal to join and posed fresh doubts on the much waited a deal that could see production being cut from current levels by more than a million barrels per day. Last week, oil prices fell sharply on Friday amid uncertainty over whether the Organization of the Petroleum Exporting Countries can reach an agreement to cut production and prop up markets. Read More »

US Oil-Rig Count Up by Three in Week to 477

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Alberta charted a 19% gain in activity (from 108 to 128 rigs), while drilling in British Columbia was up by 44% (from 16 to 23 rigs). Monthly production reported to the RRC for the same period a year ago was 72.85 million bbl of crude oil, which was later updated to a current figure of 87.68 million bbl; and 620.19 Bcf of total gas, which was later updated to a current figure of 724.24 Bcf. Read More »

Trump changes his tune on climate change, jailing Clinton

And he made similar remarks to the Times . "The president of the United States is allowed to have whatever conflicts he or she wants, but I don't want to do that", he said, adding that Kushner, an observant Jew, "could be very helpful" in reconciling the longstanding dispute between the Israelis and the Palestinians. Read More »

Frampton v Santa Cruz II

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The Belfast boxer made history in NY by becoming the first Northern Ireland boxer to win world titles at two different weights after winning the IBF and WBA Super Bantamweight titles. "Maybe I'll have a better year next year and I might get nominated, who knows". Frampton , who beat rival Scott Quigg earlier in the year to unify the IBF and WBA super-bantamweight titles, has also warned Santa Cruz that his Northern Irish fans will take over Vegas. Read More »

Indian economy grows 7.3% in second quarter of 2016-17

New Delhi: The Centre managed to contain fiscal deficit in the first seven months of the current fiscal at Rs 4.23 lakh crore or 79.3 per cent of the full-year target of Rs 5.34 lakh crore, aided by higher tax revenue and curbs on capex lately. Read More »

Danish shipping group acquires German container company

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It also follows Maersk's announcement in September that it would focus on transport and logistics and spin off its energy operations. Hamburg Sud is the world's seventh-largest container shipping operator, having 3% share from the global container fleet capacity and moving 600,000 containers aboard of around 70 vessels. Read More »

Salvation Army looking for more volunteers through the holidays

A year ago over 8,700 hundred toys were collected, along with around $3,000 in donations. "Job loss or hours reduced, illness and benefits cut are the reasons we see most", Capt. Louis area. Each angel represents a child's wish list from age infant until 14-year-old, who might not have a Christmas with your donation. "Although every kid wants toys for Christmas, they also need clothing", Knott said. Read More »

'Moana' cruises with $81.1M Thanksgiving weekend

It didn't match the 2013 Thanksgiving release of " Frozen ", which opened with $93.6 million, but " Moana " scored the second-highest Turkey Day debut ever. Marion Cotillard and Brad Pitt star as spies who fall in love during World War II, but their relationship is thrown into doubt over suspicions that one is a double agent. Read More »

Why are Italians protesting against their Prime Minister Matteo Renzi?

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But Renzi was so confident of victory in the referendum that he introduced a new electoral law in 2015 just for the lower house, believing the Senate would no longer be in play. "Depending on the extent of this shock, we would then have to consider whether we need to do something or not", ECB Vice-President Vitor Constancio said. Read More »

Italy boosts public sector pay ahead of PM Renzi's referendum

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But the Veneto region filed a complaint to the court in October 2015 saying the reforms did not respect the Chapter 5 of the constitution that grants certain powers to regional governments. But once Renzi made that promise, populist opposition parties pounced and successfully turned the referendum into a vote on Renzi's performance in office. Read More »

Italians protest against government-proposed reforms

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Italy isn't the only European nation heading to the polls this weekend. Add to that rising Euroskepticism, and the result is an intoxicating political brew. "If you want this country to change - not for me, not for you, but for the sake of our children - if you want it to have a simpler system, stand by me, because I can't make it alone", Mr Renzi said in a speech in October. Read More »

Italians protest against government-proposed reforms

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Italy isn't the only European nation heading to the polls this weekend. Add to that rising Euroskepticism, and the result is an intoxicating political brew. "If you want this country to change - not for me, not for you, but for the sake of our children - if you want it to have a simpler system, stand by me, because I can't make it alone", Mr Renzi said in a speech in October. Read More »

Two-time Italy PM Prodi says he will vote 'Yes' on Renzi reform

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Under centre-left premier Matteo Renzi, Italy has been the most upfront about its intention to defy the Commission with growth-orientated spending plans for next year. But publicly at least, Renzi remains stubborn. Draghi emphasised on Monday that Italy's debt was sustainable, albeit with no room for complacency given its huge sovereign debt pile. Read More »

Italian Banks May Face Collapse if Renzi Loses Referendum

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Critics complain Renzi's plans will place too much power in the hands of his centre-left Democratic party, weakening oversight now provided by the Senate and guaranteeing the biggest party a majority. Prime Minister Matteo Renzi says his reform will boost political stability in a country that has had 63 governments since 1948, and has promised to resign if he loses the vote. Read More »

Italian Banks May Face Collapse if Renzi Loses Referendum

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Critics complain Renzi's plans will place too much power in the hands of his centre-left Democratic party, weakening oversight now provided by the Senate and guaranteeing the biggest party a majority. Prime Minister Matteo Renzi says his reform will boost political stability in a country that has had 63 governments since 1948, and has promised to resign if he loses the vote. Read More »

Black Friday Online Sales Hit $3 Billion Driven by Mobile

As of 12 p.m. EST on Monday - the latest figures available - sales totalled $1.19 billion. And proving that more of us love to shop in our pajamas, Black Friday e-shopping itself registered a gain of 21.6% to $3.34 billion, the first time to top $3 billion. Read More »

Black Friday Online Sales Hit $3 Billion Driven by Mobile

As of 12 p.m. EST on Monday - the latest figures available - sales totalled $1.19 billion. And proving that more of us love to shop in our pajamas, Black Friday e-shopping itself registered a gain of 21.6% to $3.34 billion, the first time to top $3 billion. Read More »

Black Friday Online Sales Hit $3 Billion Driven by Mobile

As of 12 p.m. EST on Monday - the latest figures available - sales totalled $1.19 billion. And proving that more of us love to shop in our pajamas, Black Friday e-shopping itself registered a gain of 21.6% to $3.34 billion, the first time to top $3 billion. Read More »

Black Friday's Slow Death Drags On as Shoppers Migrate Online

Black Friday was the most popular day for shopping activity both online (74%) and offline (75%); Thanksgiving Day itself attracted just over one third of consumers. Cowen & Co estimates that Black Friday store traffic is down 3 per cent to 4 per cent, while online traffic is up 20 per cent - mostly on mobile devices. Read More »