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  • Markey wants future opioid-approval matters to be reviewed by an FDA advisory committee, and believes the committee should consider the risk of addiction and abuse during the approval process. "Last year, the FDA approved a new pediatric use for OxyContin without convening an advisory committee even though its guidelines note that FDA decisions that relate...

  • Jan 25- Healthcare IT company Cerner Corp's Chief Executive, Neal Patterson, said he had been diagnosed with a curable soft tissue cancer and that he planned to start treatment immediately. The Kansas City, Missouri- based company's shares were down about 1.27 percent at $56.65 on Monday. JPMorgan Chase& Co CEO Jamie Dimon revealed in July 2014 that he had a curable...

  • *Wheat endures cold weekend in Black Sea region, China. CHICAGO, Jan 25- U.S. wheat futures climbed to a one-week high on Monday on short-covering and concerns about the possibility that Russia might limit exports, traders said. At the Chicago Board of Trade as of 12:40 p.m. CST, March wheat was up 6-3/ 4 cents at $4.82-1/ 4 per bushel.

  • LONDON/ NEW YORK, Jan 25- Daily currency volumes in London and North America contracted in October compared with a year ago, hammered by fallout from a raft of market manipulation scandals and banks' unwillingness to take on more risk, according to semi-annual surveys by the U.S. and UK central banks released on Monday. The surveys followed previous studies by the...

  • NEW YORK, Jan 25- A number of mutual fund managers who dumped their shares in energy companies before oil slid to 12- year lows now see themselves avoiding the sector for years to come rather than picking up shares trading at their cheapest levels in years. That early January poll showed analysts expecting the price of Brent crude to average $52.50 a barrel this...

  • Melli Bank and Persia International Bank will only be able to operate in the UK once they have met Bank of England criteria for financial firms, the sources told Reuters on Monday. Iran is set to re-engage with the banking world within weeks as international lenders link up with their Iranian counterparts using global transaction network SWIFT, Iran's Middle...

  • *China same-store sales rise 4 pct. Jan 25- McDonald's Corp reported better-than-expected quarterly same-restaurant sales as the launch of all-day breakfasts proved to be a hit with diners in the United States and demand continued to recover in China. McDonald's introduced all-day breakfasts in October in the United States, allowing customers to tuck into...

  • Jan 25- Investors reacted negatively to Twitter Inc's biggest management exodus on Monday, doubting whether Chief Executive Jack Dorsey can spark stalled growth at the online social media company, sending its shares down 3 percent. In all, five high-level executives are leaving Twitter, less than four months after co-founder Dorsey returned as CEO, without...

  • *Riyadh investment conference draws officials, businessmen. RIYADH, Jan 25- Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with an era of cheap oil. A meeting and presentation at a luxury Riyadh hotel was held...

  • PARIS, Jan 25- French carmaker PSA Peugeot Citroen could convene a board meeting to discuss business opportunities in Iran on Wednesday, a source close to the company said ahead of a two-day visit by Iranian President Hassan Rouhani. Rouhani is heading a delegation of ministers and Iranian business leaders visiting Italy and France this week in a first...

  • BRUSSELS, Jan 25- European Union antitrust regulators are set to punish Japanese auto parts makers for allegedly fixing prices of starter motors and accelerator modules, two people familiar with the matter said on Monday. The European Commission action will mark the first of several automobile-related cases scheduled for 2016 and is the latest in a series of...

  • MUNICH, Germany, Jan 25- Germany's Siemens has agreed to buy U.S. engineering software firm CD-adapco for $970 million, it confirmed on Monday, beefing up its core industrial business with the latest in a string of acquisitions in the area. "As part of its Vision 2020, Siemens is acquiring CD-adapco and sharpening its focus on growth in digital business and...

  • Jan 25- Oil and gas producer SandRidge Energy Inc, struggling to weather a steep fall in energy prices, said on Monday it had retained advisers to explore strategic options. SandRidge has hired Houlihan Lokey Inc as financial adviser and Kirkland& Ellis LLP as legal adviser, the company said in a regulatory filing. Reuters reported earlier in the day that...

  • *OPEC discussing holding extraordinary meeting- Qatar energy min. *OPEC's Badri says sees signs that market is rebalancing. NEW YORK, Jan 25- Oil prices fell as much as 5 percent on Monday, wiping out some of the surge at the end of last week, as investors' focus returned to the market's oversupply amid news that Iraq's output reached a record last month.

  • WASHINGTON, Jan 25- The U.S. Supreme Court on Monday upheld a major Obama administration electricity-markets regulation that encourages big power users like factories to cut consumption at peak times, rejecting a challenge brought by electric utilities. The court, ruling 6-2, reversed a 2014 decision by the U.S. Court of Appeals for the District of Columbia...

  • *President Rouhani visiting Italy and France this week. ROME/ PARIS, Jan 25- Iranian President Hassan Rouhani flew to Italy on Monday at the start of his first official visit to Europe, looking to sign multi-billion dollar contracts to help to modernise Iran's economy after years of crippling financial sanctions. Heading a 120- strong delegation of Iranian...

  • Markey wants future opioid-approval matters to be reviewed by an FDA advisory committee, and believes the committee should consider the risk of addiction and abuse during the approval process. "Last year, the FDA approved a new pediatric use for OxyContin without convening an advisory committee even though its guidelines note that FDA decisions that relate...

  • NEW YORK, Jan 25- A federal judge on Monday gave Martin Shkreli, a former pharmaceuticals executive facing securities fraud charges, permission to appear at a Congressional hearing on drug pricing. District Judge Kiyo Matsumoto in Brooklyn, New York modified Shkreli's bail conditions so that he may appear by subpoena before the House Committee on Oversight...

  • WASHINGTON, Jan 25- The U.S. Supreme Court's decision to uphold a federal rule for electricity markets that encouraged grid operators to pay large users to reduce consumption at peak times is good news for consumers and clean energy, the White House said on Monday.

  • Jan 25- Wall Street looked set to snap a two-day rally in muted trade on Monday as retreating oil prices pulled down materials and energy stocks. Crude prices resumed their slide after a strong two-day run last week, falling more than 4 percent on news that Iraq flooded a heavily oversupplied oil market with record output. Wall Street is coming off its first week of...