Australia’s top competition regulator, Graeme Samuel , lashed out at critics who said the blocking of National Australia Bank Ltd.’s $12.9 billion offer for Axa Asia Pacific Holdings Ltd. signals increased opposition to mergers.
Investors in the $3.7 trillion municipal market assumed Illinois lawmakers would fix the worst- funded U.S. state pension system. The legislature’s latest failure is showing buyers the cost of inaction.
Drugmakers led by Pfizer Inc . will soon gain access to a new testing system that can shrink by months to years the time needed to determine an experimental drug’s safety, potentially adding millions of dollars in research savings and revenue.
The U.S. has agreed to waive penalties it planned to enforce against some Americans living in Canada who failed to file tax returns in both countries, the parliamentary secretary to Canada’s revenue minister said.