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Bloomberg Generic drugmakers are being crushed by the very forces that the Trump administration is counting on to drive down prescription costs. While policy makers are betting that opening the market to a deluge of new medicines and reforming the drug supply chain will help contain rising prices, many widely used copycat medications are already seeing their prices fall at ...

Bloomberg Europe’s wheat loss is a win for Canadian farmers. After a scorching summer fried wheat crops across the European Union, the bloc is set to lose its position as the world’s third-largest exporter as Canada usurps the title, according to the US Department of Agriculture. The agency cut its outlook for EU wheat exports by 16 percent to a ...

Bloomberg KKR & Co. is expanding its growth-equity group, adding to its New York office under the leadership of Erica Martin. The firm will add four or five people to the team focusing on technology, media and telecommunications in the next couple of months, according to Martin, who joined earlier this year from buyout firm Warburg Pincus. KKR had about ...

AJMAN / WAM The number of guests in Ajman’s hotels increased by 14 percent in the first half of this year compared to the same period last year, supported by increasing efforts to promote the emirate and by Ajman’s success in diversifying its tourism markets, which is reflected in the occupancy rate which grew by five percent. Ajman’s total revenue ...

SHARJAH / WAM Cinema is a universal language that brings people together and breaks all discriminatory barriers by offering a common platform to all, stated Sheikha Jawaher bint Abdullah Al Qasimi, Director of FUNN and Sharjah International Children’s Film Festival. ‘‘Film is a multi-doctrine creative art that really speaks one language to every enthusiast and lover, and embraces individual interpretation ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, has announced the distribution of more than AED23.4 billion in cash dividends to around 406,000 investors on behalf of listed companies in 2018. The cash dividends paid out by listed companies increased around 5.5% compared to AED 22.2 billion in the year 2017. This announcement is ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the second edition of the Mohamed Bin Zayed Majlis for Future Generations will take place on the October 8 and 9 at the Abu Dhabi National Exhibition Centre (Adnec). The ...

Bloomberg India is arguably the world’s toughest smartphone market — just ask Apple. Yet Chinese manufacturer OnePlus has found a path to success in the country of 1.3 billion. As Pete Lau, OnePlus’s co-founder and chief executive officer, describes it, OnePlus targeted younger users with stylish and affordable Android-based phones. Rather than plastering shops with ads, student ambassadors promote the ...

Bloomberg China Tower Corp., the company behind the world’s largest initial public offering in two years, averted a repeat of smartphone maker Xiaomi Corp.’s disappointing coming-out party last month and eased concerns about future IPO prospects. Shares of the state-run company, which operates almost all of China’s mobile-phone towers, closed unchanged from its IPO price of HK$1.26 in Hong Kong. ...

Bloomberg Tesla Inc Chief Executive Officer Elon Musk and advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders, according to people familiar with the matter. Tesla is holding early discussions with banks about the feasibility and structure of a possible deal, the people ...