Bloomberg California’s newly sworn-in Democratic governor has proposed using the state’s substantial buying power to drive down pharmaceutical costs, allowing government programs, health insurers and private businesses to join forces to negotiate against drugmakers. Under an executive order signed by Governor Gavin Newsom as one of his first acts hours after being sworn in, drug benefits for the about 13 ...

Bloomberg A dramatic plunge in German industrial activity late last year raised the risk that Europe’s largest economy will slip into recession. Production fell for a third month in November and posted its worst year-on-year drop since the end of the financial crisis, with weakness in everything from consumer goods to energy. A slump in Germany has repercussions for the ...

Bloomberg Roku Inc shares had their best day in 14 months after saying the number of active accounts in the fourth quarter rose 40 percent from the year prior, giving media investors confidence that viewers are doubling down on streaming platforms. Viewers are doubling down on streaming as their preferred method for consuming television entertainment and Roku touted the preliminary ...