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Exclusive: Drugmakers to hike prices for 2021 as pandemic, political pressure put revenues at risk

Drugmakers including Pfizer Inc, Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in the United States on Jan. 1, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.

Markets

Mexican pilots reject alternative cost plan in Aeromexico overhaul

Mexican pilots have rejected a cost-saving plan put forward by their own trade union amid talks aimed at agreeing how to restructure airline Grupo Aeromexico, the ASPA union said on Thursday.

Markets

Bitcoin touches record above US$29,000, extending 2020 rally

NEW YORK: The price of Bitcoin topped US$29,000 on Thursday for the first time, with the digital currency almost quadrupling in value this year amid heightened interest from investors big and small alike. The world's most popular cryptocurrency touched US$29,300 before pulling back, most ...

Markets

After golden year for precious metals, silver set to shine in 2021

After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus.

Markets

Former Viacom shareholders can sue Shari Redstone over ViacomCBS merger

A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a "patently unfair" merger that created ViacomCBS Inc so she could become a media magnate like her late father, Sumner Redstone.

Markets

Commentary: Pharmaceutical firms saved the world with COVID-19 vaccine in record time. But credit goes to others too

Big pharmaceutical companies have played a huge role in rolling out one of the fastest vaccines to be developed in human history. Their highly publicised role belies the other important factors making that impossible task a reality, says Yale-NUS College’s Professor John Driffill.

Markets

SolarWinds hackers were able to access Microsoft source code

The hacking group behind the SolarWinds compromise was able to break into Microsoft and access some of the company's source code, the firm said on Thursday.

Markets

SolarWinds hackers were able to access Microsoft source code: Microsoft blog post

The hacking group behind the SolarWinds compromise was able to break into Microsoft and access some of the company's source code, the firm said on Thursday.

Markets

US jobless claims dip but show recovery has long way to go

Fewer Americans sought unemployment benefits last week, but the modest drop did little to dispel concerns that the U.S. job market and wider economy face an arduous recovery from the devastation inflicted by the coronavirus pandemic in 2020.

Markets

IAG rejigs board after Brexit deal, British Airways gets US$2.7 billion loan

Airline group IAG revamped its board to ensure a majority of independent non-executive directors are from the European Union and rolled out plans to comply with ownership rules of the economic bloc following Brexit, the company said on Thursday.

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