Beijing / Bloomberg China will halt the implementation of a drug-coding system that’s developed and operated by Alibaba Health Information Technology Ltd. to identify counterfeit medicines. China Food & Drug Administration suspended the new electronic coding system as it made draft amendments to existing rules, allowing the use of other methods to build a system that tracks medicines back to …

Bloomberg With Jeb Bush’s departure from the presidential race on Saturday, a mighty fundraising army scattered. The question the troops face: pick another side or retreat? Bobbie Kilberg chose quickly. A top Republican fundraiser in Virginia, she got the news of Bush’s withdrawal Saturday night over text messages at a dinner. By the next morning, she was giving interviews about …

Bloomberg The co-founder and former chief executive officer of Devon Energy Corp. has signed on to shape energy policy for Florida Senator Marco Rubio, who is running for the Republican presidential nomination. Larry Nichols will lead Rubio’s energy steering committee. Nichols, who cut a $50,000 check to the super PAC supporting Rubio in December, also will host a Feb. 26 …