PwC says US companies are expected to spend 6% more on employee health care next year as drug prices rise

PwC says US companies are expected to spend 6% more on employee health care next year as drug prices rise

Employer medical costs are projected to rise by 6% next year, according to PwC. The rate of increase is a four-year high, due in part to rising drug prices. The jump is attributed to expensive specialty drugs that weren’t available a few years...

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China State Media Urges U.S. to Drop Win-At-All-Costs Trade Stance

China State Media Urges U.S. to Drop Win-At-All-Costs Trade Stance

Instead of waging a trade war with China, the United States should drop its win-at-all-costs mentality and consider the interests of its own people as well as the global community, the official People’s Daily said an editorial on Saturday...

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Google Pay expands its integration with PayPal to online merchants

Google Pay expands its integration with PayPal to online merchants

Google  and PayPal have been strategic partners for some time. The companies in 2017 announced that PayPal  would become a payment method in Android Pay, the service that later rebranded as Google Pay. Last year, users who added PayPal as a...

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BoE looks to throw open doors to tech companies ahead of Brexit

BoE looks to throw open doors to tech companies ahead of Brexit

The Bank of England (BoE) opening up its balance sheet to payment companies and tech firms such as Facebook would bolster Britain’s 7 billion pound ($9 billion) fintech sector just as it faces tougher competition from Europe after Brexit...

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Dalian iron ore rises as supply crunch concerns persist

Dalian iron ore rises as supply crunch concerns persist

China’s iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand. Mining giant Rio Tinto on...

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Amazon gets U.S. patent to use delivery drones for surveillance service

Amazon gets U.S. patent to use delivery drones for surveillance service

Amazon.com Inc is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a patent granted by the United States Patent and Trademark Office. The delivery drones can be used...

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Trump Expected to Issue Executive Order in Attempt to Lower Health Care Costs

Trump Expected to Issue Executive Order in Attempt to Lower Health Care Costs

A presidential executive order compelling health care transparency across the healthcare industry is expected to be issued Monday. The order will come about a month after reports first surfaced of the plan. Late Thursday, the Wall Street...

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Six Biotech Companies with IPOs This Week

Six Biotech Companies with IPOs This Week

This week marked initial public offering (IPO) news from six biopharma companies. Here’s a look. BridgeBio Pharma. On June 17, BridgeBio set terms for its $240 million IPO. The company is based in Palo, Alto, Calif. and is expected to trade on...

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Chile’s Codelco has already lost $17.5 million on Chuquicamata strike

Chile’s Codelco has already lost $17.5 million on Chuquicamata strike

Chile’s Codelco, the world’s largest copper producer, has already lost $17.5 million due to an ongoing strike at its Chuquicamata copper mine, its largest operation, as the labour action enters week two. About 3,200 unionized workers in Chile...

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Gold price barrels through $1,400

Gold price barrels through $1,400

The rally in the price of gold went into overdrive on Friday with the metal hitting a near six-year high on a combination of a weaker dollar, slumping bond yields, geopolitical uncertainty, trade tensions and institutional money pouring into the...

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Gracell Reports Positive Results for FasT CAR-19 in Leukemia Patients

Gracell Reports Positive Results for FasT CAR-19 in Leukemia Patients

Gracell Biotechnologies, a Suzhou immunotherapy company, announced positive preliminary results from a trial of its FasT CAR-19 investigational cell gene therapy. Gracell’s FasT CAR product reduces preparation time to 24 hours, compared to...

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Henlius is First to have China-Developed Biosimilar Accepted for EU Review

Henlius is First to have China-Developed Biosimilar Accepted for EU Review

Shanghai Henlius, a biosimilar/innovative biologics subsidiary of Fosun Pharma, reported the European Medicines Agency (EMA) has accepted its Marketing Authorization Application of a Herceptin (trastuzumab) biosimilar for review. The company says...

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