Bristol-Myers Squibb Co. and AstraZeneca Plc pulled their diabetes treatment Forxiga from the German market after the companies couldn’t reach an agreement with local authorities over the price of the drug.
InsideClimateNews.org -- A decision 90 years ago by the people of Sacramento, Calif. to oust a private electric company and start a government-owned utility has been the unlikely inspiration for Berliners trying to wrest control of Germany's largest grid from a coal-fired utility.
European stocks posted a second weekly loss, their first back-to-back decline in two months, as investor demand for equities waned before Christmas holidays and a Federal Reserve meeting next week on stimulus measures.
The timing of German Chancellor Angela Merkel’s appointment for a third term next week, if her prospective Social Democrat partners approve a Nov. 27 coalition agreement, may present a windfall for drugmakers.
European stocks were little changed, with the Stoxx Europe 600 Index posting a second weekly drop, as investors awaited next week’s Federal Reserve meeting, and as gains in AstraZeneca Plc offset PSA Peugeot Citroen’s slide.