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Political meltdown foils Oi’s exit from $19bn bankruptcy

Bloomberg For more than a year, Oi SA has struggled to reach a deal with various factions jockeying for a leg up in its $19 billion bankruptcy case. Almost entirely absent from that process? The company’s single biggest creditor. Brazil’s government claims that Oi owes telecom regulator Anatel as much as 20 billion reais ($6.1 billion), but current law forbids ...

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Gold elite challenged by base metals bourse on market future

Bloomberg The world’s biggest industrial metals exchange is taking on the most powerful players in the gold market with the launch on Monday of its first futures contract for the commodity since the middle of the 1980s. The London Metal Exchange and its partners aim to grab a piece of the action in a city where almost half the world’s ...

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FDA eyes computer simulations to cut costs

Bloomberg Computer simulations may get a role alongside human testing as part of an effort to bring new medications and medical devices to market more quickly and cheaply. The US Food and Drug Administration outlined a proposal to help integrate computer modeling and virtual testing as part of the regulatory approval process for manufacturers — a step the agency said ...

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