Bloomberg Luckin Coffee, the ambitious Chinese startup rolling out thousands of stores to take on Starbucks Corp., is beginning preparations for a US initial public offering (IPO) that could raise around $300 million, people with knowledge of the matter said. The company is working with Credit Suisse Group AG on the deal, which could take place as soon as the ...

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 KKR & Co., Blackstone Group LP and Apollo Global Management LLC posted strong fundraising results in a volatile quarter. KKR hauled in $11.3 billion in the fourth quarter, while Blackstone and Apollo collected $38.6 billion and $21.6 billion, respectively, showing that the appetite for their longer-term strategies remains robust. Shares of KKR rose as much as 6.3 percent following ...