Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
Gilead CEO John Milligan called on the pharmaceutical industry to do more amid criticism of drug pricing.
"I think we've done a bad job as an industry of being transparent. We haven't really talked about what is paid by the payer or paid by the patient," Milligan said on CNBC's "Fast Money" on Tuesday.
The biotech industry has been under intense scrutiny amid criticism from presidential hopefuls in the past year.
Sen. Bernie Sanders has called out individual pharmaceutical companies for raising prices on orphan drugs. Hillary Clinton was also vocal about the issue, taking down the price of a key biotech ETF in the wake of her comments. President-elect Donald Trump told Time magazine that he wants to bring down drug prices because he doesn't like what has happened with them.
The payment system in the United States is fragmented, which Milligan said "creates a disconnect between the price that's often published and the price that people pay." The Gilead CEO added he believes there's too much burden placed on the patient in the current system.