A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
Indian Prime Minister Modi is on course to return to power for a second term after his party reportedly won big at the parliamentary elections.Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
The interaction, witnessed by a senior administration official, followed President Donald Trump's abrupt exit out of a meeting with Democratic congressional leaders.Politicsread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
Aetna will pass along rebates to some consumers amid growing demand for transparency over drug prices.
The health insurer said Tuesday it will automatically apply the discounts it negotiates with pharmaceutical manufacturers with fully insured plan members at the time of sale starting in 2019. The new policy could affect 3 million Aetna customers.
Aetna said most rebates are already shared, but greater transparency is needed in the pharmaceutical supply chain in response to drug prices rising nearly 25 percent between 2012 and 2016.
Companies along the pharmaceutical supply chain have pointed fingers at one another when casting blame for high drug prices. Manufacturers say list prices aren't actually what people are paying, since they negotiate discounts with insurers and pharmacy benefits managers. The other side says drugmakers are the ones who keep raising prices.
"We have always believed that consumers should benefit from discounts and rebates that we negotiate with drug manufacturers," Aetna CEO Mark Bertolini said in a statement. "Going forward, we hope this additional transparency will encourage these companies to rationalize their pricing and end the practice of annual double-digit price increases."