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Bloomberg California’s newly sworn-in Democratic governor has proposed using the state’s substantial buying power to drive down pharmaceutical costs, allowing government programs, health insurers and private businesses to join forces to negotiate against drugmakers. Under an executive order signed by Governor Gavin Newsom as one of his first acts hours after being sworn in, drug benefits for the about 13 ...

Bloomberg Roku Inc shares had their best day in 14 months after saying the number of active accounts in the fourth quarter rose 40 percent from the year prior, giving media investors confidence that viewers are doubling down on streaming platforms. Viewers are doubling down on streaming as their preferred method for consuming television entertainment and Roku touted the preliminary ...

Bloomberg Sika AG offered to acquire Parex Ltd at an enterprise value of 2.5 billion Swiss francs ($2.6 billion), adding a maker of mortar and other construction materials to expand a key business for the Swiss chemicals group. The purchase will add to earnings per share from the first full year after the deal is completed, expected in the second ...

Bloomberg Kim Jong-un is making his fourth visit to China, in a sign that the North Korean leader is seeking Chinese President Xi Jinping’s counsel ahead of a possible second summit with Donald Trump. Kim left Pyongyang on January 7 for a visit slated to end on Thursday, North Korean and Chinese state media reported. Kim was invited by Xi ...

Abu Dhabi / WAM It is vital for the global community to commit to working together to address the challenges of climate change and accelerate sustainable development, UAE ministers and senior business leaders said on Monday ahead of Abu Dhabi Sustainability Week 2019 (ADSW). The event – one of the world’s largest sustainability gatherings – takes place in the UAE ...

HODEIDAH / WAM The Iranian-backed Houthi militias have shelled the storage depots of relief organisations in Hodeidah, leading to the destruction of food supplies and basic goods intended for the Yemeni people. Local eyewitnesses said that the militias deliberately shelled the storage depots, which are located 7 kilometres east of Hodeidah City, with the aim of covering up their looting ...

Dubai / WAM The wood industry in the UAE is expected to boom over the next two years as the country ramps up construction activities ahead of the Expo 2020 Dubai. The wood and woodworking machinery industry will be impacted from the massive construction projects being executed as part of the build-up for the Expo 2020 Dubai. The large-scale event ...

Dubai / WAM The Real Estate Regulatory Authority (RERA), at Dubai Land Department (DLD), announced the launch of the smart application for real estate valuators ‘Taqyimee’, which will have a positive impact on the real estate valuation activities in the Emirate. The launch was attended by Sultan Butti bin Mejren, Director-General of DLD; Marwan bin Ghalita, CEO of RERA; and ...

Bloomberg The White House may try to block portions of Special Counsel Robert Mueller’s final report from being shared with Congress and the public in a fight that could end up before the Supreme Court. Mueller may submit his findings on Russian interference in the 2016 presidential campaign to the Justice Department as early as February, according to one US ...

Bloomberg After four years of planning, Tesla Inc finally broke ground on its planned $5 billion factory in the world’s biggest auto market. But the timing couldn’t be more inauspicious. Chief Executive Officer Elon Musk and some Shanghai officials, including Mayor Ying Yong, on Monday attended a function at a site near the city to kick off construction of what ...