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Legislation Regulations

  • April 26- Cenovus Energy Inc. *Says in Q3 will have more information on Suffield and Pelican Lake asset sales. *Says will have more information on other asset sales on investor day in June.

  • Trump's deregulation and the markets

    Discussing the market expectations from Trump administration executive orders aimed at regulations, with Dan Morgan, Synovus Trust, and Burns McKinney, Allianz.

  • April 26- Anthem Inc, which has 1.1 million customers in individual Obamacare plans, said it is moving ahead with its 2018 insurance filings but telling state regulators that it could increase premiums sharply and exit some markets. President Donald Trump and Republican lawmakers have vowed to overhaul the Affordable Care Act, which is often called Obamacare,...

  • MUMBAI, April 26- India's antitrust regulator has ordered a probe into Swiss drugmaker Roche for allegedly using anti-competitive practices to restrict cheaper copies of a blockbuster cancer drug from reaching patients. India's Biocon and U.S. firm Mylan, which together sell biosimilars of the drug in over a dozen countries including India, filed a...

  • *Suspends all Vanke, subsidiary sales in Xian. HONG KONG, April 26- The housing authority of China's Xian city on Wednesday said it has suspended sales of projects by China Vanke Co Ltd, the country's second-biggest homebuilder by sales, citing property transactions that it suspects are "against regulation." "Based on our estimate, sales from Xian accounted for...

  • LONDON, April 26- Summit Therapeutics is about to start pivotal tests of a novel antibiotic discovered by UK scientists to treat a sometimes deadly bowel infection, but Britons could be the last patients to get it after Britain leaves the EU. Some manufacturers are already seeking to write into supplier contracts a clause asserting who should shoulder the...

  • LONDON, April 26- Summit Therapeutics is about to start pivotal tests of a novel antibiotic discovered by UK scientists to treat a sometimes deadly bowel infection, but Britons could be the last patients to get it after Britain leaves the EU. Some manufacturers are already seeking to write into supplier contracts a clause asserting who should shoulder the...

  • HONG KONG, April 26- The housing authority of China's Xian city on Wednesday said it has suspended sales of projects by China Vanke Co Ltd, the country's second-biggest homebuilder by sales, citing property transactions that it suspects are "against regulation." The Xian House Management Bureau, in the statement on its website dated April 24, said it suspects...

  • WASHINGTON, April 25- FCC Chairman Ajit Pai said on Tuesday the top U.S. telecommunications regulator would launch a "comprehensive review" of media regulations and overhaul rules that restrict consolidation among media companies, potentially opening the door to a wave of deals among broadcasters and newspapers. In 2016, the FCC under Democratic President...

  • WASHINGTON, April 25- FCC Chairman Ajit Pai said on Tuesday the top U.S. telecommunications regulator would launch a "comprehensive review" of media regulations and overhaul rules that restrict consolidation among media companies, potentially opening the door to a wave of deals among broadcasters and newspapers. In 2016, the FCC under Democratic President...

  • Hunter's bill, which was reviewed by Reuters, would exempt vaping devices from many of those rules, including a requirement that new products be reviewed and authorized by the FDA before being sold. The bill adds momentum to a series of legal and legislative efforts by tobacco and vaping companies to derail the FDA rule, though it is unclear how much support it...

  • WASHINGTON, April 25- Two U.S. Senate Democrats are asking a U.S. audit watchdog to review whether KPMG failed to disclose or prevent fraud when it audited Wells Fargo's books during the time period that the bank's sales force was opening two million unauthorized accounts. In an April 25 letter to Public Company Accounting Oversight Board Chairman James Doty,...

  • WASHINGTON, April 25- Two U.S. Senate Democrats are asking a U.S. audit watchdog to review whether KPMG failed to disclose or prevent fraud when it audited Wells Fargo's books during the time period that the bank's sales force was opening two million unauthorized accounts. In an April 25 letter to Public Company Accounting Oversight Board Chairman James Doty,...

  • WASHINGTON— Emboldened by a business-friendly president, Republicans in Congress are moving to unwind the stricter regulations that took effect after the 2008 financial crisis and Great Recession. While passage by the GOP- controlled House could come in a few months, the Senate— where Republicans have only 52 of 100 seats— poses an obstacle.

  • At a speech to broadcasters in Las Vegas, the FCC chief said the commission will vote May 18 to start the review. In 2016, the FCC under President Barack Obama voted to retain nearly all rules limiting cross-ownership of newspapers, radio and TV stations in the same market. Struggling newspaper companies had pushed for the FCC to relax the restrictions.

  • April 25- U.S. fruit and vegetable producer Dole Food Co Inc, led by 94- year old David Murdock, filed with regulators on Tuesday for an initial public offering, four years after it was taken private. The California- based company once the world's largest producer of fruits and vegetables was taken private by Murdock in 2013 in a $1.2 billion deal following a...

  • Lilly reiterated that it was disappointed and disagreed with the FDA assessment on baricitinib, particularly since the medicine won European approval. On a conference call with analysts, Lilly was asked whether it was likely in 2017 or 2018 to satisfy FDA concerns outlined in the letter denying approval. "We can't give an estimate on this year or next until we...

  • Kenneth Burgess, chairman of the First Capital Bank of Texas, from left, speaks while U.S. President Donald Trump, Dorothy Savarese, chief executive officer of the Cape Cod Five Cents Savings Bank, and Gary Cohn, director of the U.S. National Economic Council

    Banking is the one industry above all others that should cruise higher during a Trump administration, but the road likely won't be smooth.

  • PHOENIX— Freeport-McMoRan Inc. missed earnings targets but its stock jumped Tuesday as investors cheered its resuming exports of copper concentrate from Indonesia after a three-month regulatory suspension. Freeport-McMoRan was hamstrung by regulatory restrictions which caused production interruptions at its Indonesia operations beginning in...

  • WASHINGTON, April 25- Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months. Orthofix International NV caught one of the analysts' attention in 2012. The Texas- based medical device maker kept hitting ambitious earnings targets...