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Gas pipelines facing $18.5 billion threat from Trump tax revamp

Bloomberg Pipeline owners led by Enbridge Inc. and Williams Cos. could be forced to refund as much as $18.5 billion to drillers, utilities and even United Airlines Inc. for upfront payments they charged customers before new US tax rules cut the corporate rate. Natural gas conduits include the cost of future tax payments in customer fees. Because the Trump administration ...

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After Tesla debacle, Denmark reconsiders electric car subsidies

Bloomberg Denmark may be open to financial incentives to buy electric cars after seeing a dramatic drop in sales of non-polluting vehicles, according to Prime Minister Lars Lokke Rasmussen. “We have tax incentives for electric cars, and you could discuss if they should be bigger. I will not exclude that,” Rasmussen said in an interview in Copenhagen. Any new incentives ...

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Roche lifts forecast as bet outside cancer pays off

Bloomberg Roche Holding AG’s bet on fields outside its mainstay market of cancer is starting to pay off as the Swiss drugmaker boosted its forecast for this year. New medicines such as Ocrevus for multiple sclerosis and Hemlibra for hemophilia are driving the increase, the company said in a statement. The world’s biggest maker of cancer treatments also reported sales ...

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