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Indian panel to examine China-backed ‘trade pact’

Bloomberg A panel of Indian ministers will meet to consider objections by several departments against an Asian trade pact spearheaded by Beijing citing fears of a flood of Chinese imports, people with knowledge of the matter said. The group headed by Commerce Minister Suresh Prabhu will meet on August 10 to discuss concerns flagged by the ministries of steel, pharmaceuticals, ...

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Generic drugmakers struggle despite US push for copycats

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 ...

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EU loses to Canada for No. 3 wheat exporter title due to summer

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 ...

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