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Bloomberg Some of the US’s biggest pharmaceutical companies sued the Trump administration to try and block a rule that would force them to put the price of their drugs in television advertisements. In the lawsuit filed in federal court, Merck & Co, Eli Lilly & Co, Amgen Inc and an advertising trade association claim that the Department of Health and ...

Bloomberg Canadian exporters are reporting widespread concerns about a global recession, with sentiment in the sector falling to the lowest level in seven years, according to a survey by the country’s export financing agency. Export Development Canada’s trade confidence index, a composite gauge based on a bi-annual survey of 1,000 businesses, dropped to 69.8, compared with 73.7 at the end ...

Bloomberg Allianz SE is making another bet on New York City’s Hudson Yards, buying into a second skyscraper in the development. The German insurer paid $384 million for a 49 percent stake in an office condo at 30 Hudson Yards, according to a statement. The transaction is part of a sale-leaseback with Related Cos., the co-developer of the $25 billion ...

Bloomberg Dish Network Corp, Charter Communications Inc and Altice USA Inc are among bidders for assets T-Mobile US Inc. plans to sell to win regulatory approval for its $26.5 billion takeover of Sprint Corp., according to people familiar with the matter. The companies are on a shortlist of bidders favored by the Justice Department, said the people, who asked to ...

Bloomberg PricewaterhouseCoopers was fined 4.55 million pounds ($5.8 million) by the UK’s accounting watchdog over failings in its handling of technology firm Redcentric Plc, giving fresh ammunition to critics calling for a breakup of the so-called Big Four auditing firms. The penalty was reduced from 6.5 million pounds after the company admitted its wrongdoing ahead of a final decision by ...

RIYADH / WAM The Official Spokesman for the Coalition to Restore Legitimacy in Yemen, Colonel Turki Al Malki, announced that a hostile projectile fired by the Houthi militia at 02:21 on Wednesday hit the arrivals hall at Abha International Airport through which thousands of passengers of different nationalities pass daily. The Saudi Press Agency (SPA) quoted Colonel Al Maliki as ...

ABU DHABI / WAM The UAE has strongly condemned the Houthi terrorist attack against Saudi Arabia’s Abha International Airport, which resulted in the injury of many civilians. In a statement, the MOFAIC said UAE strongly condemned this terrorist act which utilised military projectile capabilities, and deemed it as new evidence of the Houthi’s hostile and terrorist tendencies that seek to ...

Bloomberg Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, plans to buy out Vornado Realty Trust’s 25 percent stake in the midtown Manhattan office tower at 330 Madison Ave, according to a person familiar with matter. The deal would give the Abu Dhabi fund, already the building’s majority holder, full ownership. Vornado said it agreed ...

ABU DHABI / WAM Hub71, a global tech hub driven by Mubadala Investment Company in collaboration with Microsoft, SoftBank Vision Fund and Abu Dhabi Global Market, has announced a new partnership with MIT Enterprise Forum Pan Arab, part of a global network of chapters dedicated to promoting and enriching the entrepreneurship ecosystem in the Arab region. With the joint mission ...

Sharjah / Emirates Business The Big Heart Foundation (TBHF) signed an agreement with Nadia’s Initiative, founded by Nadia Murad, co-recipient of this year’s Nobel Peace Prize, to support the Initiative’s global advocacy efforts to rebuild Sinjar and enable the safe return of internally displaced Yazidis back to their homes. The UAE-based global humanitarian charity has pledged a $216,000 financial grant ...