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Bloomberg The Trump administration proposed ending a complex system of drug rebates that influence tens of billions of dollars in US pharmaceutical spending, a mo-ve that could upend the relationship between drugmakers and pharmacy benefits middlemen. The proposal, a long-awaited part of the administration’s plan to target high list prices of drugs, would ban rebates paid by drugmakers to pharmacy ...

Bloomberg After a dismal December, dealmakers made a comeback in January, logging $275 billion of mergers and acquisitions globally to mark the best start to a year in almost two decades. “M&A came back even though the markets felt choppy, and that shows how confident CEOs are,” said Susie Scher, co-head of the global financing group at Goldman Sachs Group ...

Bloomberg Robert Bosch GmbH, the world’s largest auto-parts maker, is stocking up components in the UK LVMH is building up its inventory there. Channel tunnel operator Eurotunnel is expanding its parking lot for trucks in France. European firms that do a lot of business with the UK are preparing for the worst. Their frenzied activity reflects the growing likelihood that ...

DUBAI / Emirates Business In the disruptive age of Uber, Amazon and Airbnb, today’s consumers are accustomed to easy-access, high-quality services tailored to meet their needs. It is this experience with private sector technologies that is shaping their expectation for government service delivery. In turn, the transforming government and citizen relationship has necessitated a radical rethink of government services. The ...

dubai / wam His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, witnessed the crowning of Emirati riders as winners of The Custodian of the Two Holy Mosques Endurance Cup in Al Ula, Saudi Arabia. His Highness Sheikh Mohammed congratulated the Custodian of the Two Holy Mosques King Salman bin ...

NEW YORK / WAM In meetings with senior United Nations (UN) officials and nongovernmental organizations this week, Dr. Anwar Gargash, Minister of State for Foreign Affairs, reiterated UAE commitment to achieving a political solution to the conflict in Yemen, while expressing serious concerns about the continued obstruction of peace efforts in Yemen by the Iranian-backed Houthis. The minister reconfirmed the ...

Abu Dhabi / WAM The Global Conference of Human Fraternity opened on Saturday in Abu Dhabi, with the participation of 700 leaders, thinkers and representatives of different faiths to discuss the critical importance of fraternity and peaceful coexistence. The conference is being held at Emirates Palace in Abu Dhabi under the patronage of His Highness Sheikh Mohamed bin Zayed Al ...

Bloomberg Russia withdrew from a landmark 1987 nuclear disarmament treaty as President Vladimir Putin signaled he’s open to new talks, the Kremlin said, a day after Donald Trump announced the US is pulling out of the agreement citing years of Russian violations. Putin disclosed the plan to suspend the Ronald Reagan-Mikhail Gorbachev agreement during a working meeting on Saturday with ...

Bloomberg Indian Prime Minister Narendra Modi made a populist push in his final budget before elections, cutting taxes for middle-class voters and giving cash handouts to farmers. The government will allocate 750 billion-rupee ($10.6 billion) a year for the cash plan for about 120 million farmers and give taxpayers 185 billion rupees of relief in the year to March 2020, ...

Bloomberg China has snapped up more US soybeans following two days of trade talks in Washington. State-run buyers Cofco Corp. and Sinograin purchased more than one million tons of American soybeans each, the companies said in separate statements on Saturday. The purchases are “to implement the consensus that the leaders of both China and the US have come to,” according ...