T. Mark Jones learned about the costs and benefits of health-care delivery when he treated AIDS patients in Key West, Florida, in the late 1980s. The pharmacy he co-founded -- unusual at the time -- provided a humane last step for gay men who didn’t want to spend their final weeks confined to a hospital.
Abbott Laboratories, the largest maker of heart stents and adult nutritional beverages, joined the dealmaking sweeping the health-care industry with a $2.9 billion agreement to acquire Chile’s CFR Pharmaceuticals SA.
The six biggest U.S. drugmakers avoided paying $7.05 billion in U.S. taxes last year by shifting their profits overseas. That’s almost double the amount they saved using the same strategy 10 years earlier, according to data compiled by Bloomberg.
Highland Capital Management LP, the debt manager with about $22 billion in assets under management, and JPMorgan Chase & Co . were sued by a Houston pension plan over claims that willful looting led to the demise of the Highland Crusader Fund.