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Legislation Regulations

  • WASHINGTON, July 27- Republican and Democratic lawmakers on Thursday discussed ways to prevent drugmakers from using rules developed to safeguard patients to instead block the sale of cheaper medicines. The focus at a hearing, held by members of the House Judiciary Committee's antitrust subcommittee, was on the use by some brand name drug companies of a Food...

  • July 27- Amgen Inc said on Thursday the U.S. Food and Drug Administration granted priority review to the company's request to add important heart safety data to the label of its expensive injectable cholesterol drug Repatha. The FDA will decide by Dec. 2 whether to allow Amgen to include data from a major clinical trial that showed Repatha significantly cut the...

  • WASHINGTON, July 27- U.S. and California regulators are expected to approve Fiat Chrysler Automobiles request to sell 2017 diesel vehicles, two sources said on Thursday a move that may help the Italian-American automaker win approval for a software fix for older diesel models. In May, the Justice Department sued Fiat Chrysler, accusing it of illegally using...

  • July 27- China's Baidu Inc reported an 83.5 percent rise in quarterly profit, as the company shows signs of a recovery after the crackdown on its core ad business by Chinese regulators last year. Baidu said it expects third-quarter revenue of 23.13 billion yuan to 23.75 billion yuan. Net income rose to 4.41 billion yuan in the quarter ended June 30 from 2.40...

  • July 27- China's Baidu Inc reported an 83.5 pct rise in quarterly profit on Thursday, as it shows signs of recovery after the crackdown on its core ad business by Chinese regulators last year. Net income rose to 4.41 billion yuan in the second quarter ended June 30 from 2.40 billion yuan a year earlier. Baidu's total revenue rose to 20.87 billion yuan from 18.26...

  • The rule, which would require drilling companies to disclose what chemicals they've used for fracking, was put on hold last year after a Wyoming judge said the Bureau of Land Management had no authority to set such a rule. Since replacement could be years away, the Bureau of Land Management has asked the court to leave the district court's ruling in effect until a...

  • NEW YORK, July 27- CVR Refining racked up its highest-ever bill to meet U.S. biofuel standards during the second quarter, putting it on track to pay a record amount in 2017, the company said in an earnings call on Thursday. The refiner, which is majority-held by billionaire investor Carl Icahn, said it paid $106 million to meet the U.S. biofuel regulations in the...

  • The top-ranking Democrat on the Senate Homeland Security and Governmental Affairs Committee is focusing on the distribution of opioids and the efforts companies made to report and investigate the diversion of drugs for illicit use. The investigation comes at a time when lawmakers and regulators take steps to combat the epidemic of opioid addiction, with...

  • The top-ranking Democrat on the Senate Homeland Security and Governmental Affairs Committee is focusing on the distribution of opioids and the efforts companies made to report and investigate the diversion of drugs for illicit use. The investigation comes at a time when lawmakers and regulators take steps to combat the epidemic of opioid addiction, with...

  • The Treasury Department sold $28 billion in seven-year notes to fair demand, the final sale of $88 billion in coupon-bearing supply this week. AT&T Corp also came to market with a $22.5 billion. "The market is unduly being sold off on the mega AT&T deal... that is weighing on the long-end of the market" Tom di Galoma, a managing director at Seaport Global Holdings in New...

  • The top-ranking Democrat on the Senate Homeland Security and Governmental Affairs Committee is focusing on the distribution of opioids and the efforts companies made to report and investigate the diversion of drugs for illicit use. The investigation comes at a time when lawmakers and regulators take steps to combat the epidemic of opioid addiction, with...

  • WASHINGTON— Volkswagen and U.S. environmental regulators announced agreement Thursday on a plan for the German automaker to fix most of the diesel cars involved in an emissions cheating scandal. The company said the Environmental Protection Agency and the California Air Resources Board have approved the program, which involves about 326,000 VW cars sold...

  • The top-ranking Democrat on the Senate Homeland Security and Governmental Affairs Committee is focusing on the distribution of opioids and the efforts companies made to report and investigate the diversion of drugs for illicit use. The investigation comes at a time when lawmakers and regulators take steps to combat the epidemic of opioid addiction, with...

  • WASHINGTON, July 27- The U.S. Environmental Protection Agency and California Air Resources Board on Thursday approved a fix for 326,000 Volkswagen AG diesel cars, the agencies and the automaker said Thursday. Volkswagen agreed last year to offer to buy back up to 475,000 diesel vehicles with 2.0- liter engines that had been sold in the United States, including...

  • WASHINGTON, July 27- Oil company Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said on Thursday. The Securities and Exchange Commission said Halliburton's former vice president, Jeannot...

  • WASHINGTON, July 27- Oil giant Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said Thursday. The Securities and Exchange Commission said Halliburton's former vice president, Jeannot...

  • NEW YORK, July 27- Generic drug makers are turning to M&A to shield themselves against a concerted effort by U.S. regulators to crack down on steep drug prices. Impax Laboratories Inc, Perrigo Company Plc and Alvogen Inc have been talking to advisers about strategic options for their generics businesses, ranging from acquisitions to increase scale to an...

  • NEW YORK, July 27- Generic drug makers are turning to M&A to shield themselves against a concerted effort by U.S. regulators to crack down on steep drug prices. Impax Laboratories Inc, Perrigo Company Plc and Alvogen Inc have been talking to advisers about strategic options for their generics businesses, ranging from acquisitions to increase scale to an...

  • The cable industry and Hollywood hated the FCC's February 2016 plan to "unlock the box." Afterward, President Donald Trump's new FCC chairman, Ajit Pai, shelved them permanently. The industry is no longer pushing its app proposal with the FCC, said Brian Dietz, a spokesman for the cable lobby group NCTA.

  • DENVER— The Trump administration asked three federal judges from the 10th U.S. Circuit Court of Appeals on Thursday to hold off on a decision regarding a major federal fracking rule implemented by the Obama administration. It was put on hold last year after a federal district judge in Wyoming said the Bureau of Land Management had no authority to set such a rule.