The number of Americans filing first-time claims for jobless benefits unexpectedly rose last week as a relentless wave of new COVID-19 infections hobbled business operations, offering more evidence that the economy's recovery from the pandemic recession was faltering.
Biogen Inc has agreed to pay US$22 million to resolve U.S. allegations that it illegally used two charities that help cover Medicare patients' out-of-pocket drug costs as a means to pay them kickbacks to use its multiple sclerosis drugs.
Two members of the wealthy Sackler family who own OxyContin maker Purdue Pharma LP offered apologies on Thursday for the role the prescription painkiller has played in the deadly U.S. opioid epidemic but sought to deflect personal responsibility in response to withering criticism from lawmakers.
Google should voluntarily take action immediately to better vet paid-for promotions for financial products, Britain's Financial Conduct Authority said on Thursday after a damning report on the watchdog's handling of a collapsed fund.
The makers of Morbier, a creamy French cheese with a seam of dark ash through its middle, on Friday won their fight against a copycat after the European Union's top court said a lookalike product and the way it is marketed could mislead consumers.
Walmart Inc, which is looking to invest in TikTok, said on Thursday it would partner with the Chinese-owned video-sharing app to sell items seen on a livestream by creators featuring the retailer's fashion merchandise.
:Wall Street's main indexes were set to gain on Thursday on increased optimism over a coronavirus stimulus bill, while an unexpected rise in weekly jobless claims pointed to further economic stress from the COVID-19 pandemic.
Mercedes Benz said on Thursday that it would wind down car production in Brazil, shutting down its small factory dedicated to producing luxury vehicles in the city of Iraccemapolis, costing some 370 jobs.
Pharmaceutical companies should sell COVID-19 vaccines to African countries at discounted rates and allow them to be produced locally to potentially cut costs, the head of the continent's disease control body said on Thursday.
Popular online brokerage Robinhood has agreed to pay a US$65 million fine to settle U.S. Securities and Exchange Commission charges that it misled customers.
