June, 2017

• 7 June

  Drug prices become target for FDA as chief expands purview

  

  Bloomberg The head of the US Food and Drug Administration is considering using the agency’s powers to bring more price competition to the market for generic drugs, targeting high-priced products by prioritizing the approval of additional competing treatments. FDA Commissioner Scott Gottlieb said in an interview that the agency is looking at how to push applications to the front of ...

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• 7 June

  German factory orders fall after two months of expansion

  

  Bloomberg German factory orders fell after two consecutive months of expansion in a sign that growth in Europe’s largest economy may be steadying after a strong start of the year. Orders, adjusted for seasonal swings and inflation, dropped 2.1 percent in April, after expanding an upwardly revised 1.1 percent in March, data from the Economy Ministry in Berlin showed on ...

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• 7 June

  Dish hit with record $280 million fine for illegal robocalls

  

  Bloomberg Dish Network Corp. must pay $280 million to the US and four states for using robocalls to consumers on do-not-call lists, marking what the government says is a record fine for telemarketing violations. US District Judge Sue Myerscough issued the order, directing the company to pay $168 million to the federal government and $84 million to California, Illinois, North ...

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• 7 June

  Anglo American names new chairman

  Bloomberg The century-old mining giant Anglo American Plc named Stuart Chambers as its new chairman less than a year after he steered UK chipmaker ARM Holdings Plc through a $32 billion takeover. Chambers, a former chairman at ARM and Rexam Plc, will join Anglo’s board in September and take over the post in November, the company said in a statement ...

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• 7 June

  Merkel’s cabinet backs troop withdrawal from Turkey base

  

  Bloomberg Chancellor Angela Merkel’s government backed the withdrawal of German troops from Turkey, escalating a feud between two NATO allies and major trading partners. Germany will seek talks with the US and other allies in the coalition fighting IS in Syria and Iraq to make the transition from Incirlik to a base in Jordan as smooth as possible, Defense Minister ...

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• 7 June

  Turkey chooses sides in Gulf row as Erdogan defends Qatar

  Bloomberg Turkey’s President Recep Tayyip Erdogan lined up behind Qatar in its feud with Saudi Arabia and regional allies, offering to mediate a resolution of a crisis that has thrown one of the world’s most strategically important regions into turmoil. Categorization of Qatar as a terrorist state won’t help alleviate the problems facing the region which is in need of ...

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• 7 June

  IS claims attack on Iran parliament, major shrine

  Bloomberg IS claimed its first attack on Iran, as suicide bombers and gunmen struck at the heart of the country’s political and religious establishment on Wednesday. Assailants entered the parliament building in Tehran and the shrine of the Islamic Republic’s founder, Ayatollah Ruhollah Khomeini, to the south of the city. At least two people were killed in the legislature, Tasnim ...

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• 7 June

  S Korea halts missile shield deployment

  

  Bloomberg South Korea’s new president is suspending the installation of remaining components of a controversial US missile shield pending an environmental impact assessment, Yonhap News reported, leaving the system incomplete while North Korea steps up its missile development. “We are not saying the two launchers and other equipment that has already been deployed should be withdrawn,” a senior official at ...

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• 7 June

  Sessions considers resigning amid tensions with Trump

  Bloomberg US Attorney General Jeff Sessions had suggested in the past several weeks he might resign amid a widening rift with President Donald Trump, according to a person familiar with the matter. Sessions has come under fire from the president over his recusal from an investigation of Russian meddling in the 2016 US election, an inquiry that’s now exploring whether ...

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• 7 June

  May targets human rights as poll campaign closes on security

  

  Bloomberg Theresa May said she’d be willing to tear up human-rights legislation to combat terrorism in a move the Labour opposition said was an attempt to distract from her cuts to police, as security dominated the closing stages of the UK election campaign. The prime minister and her Labour Party opponent, Jeremy Corbyn, set out on whistle-stop tours of the ...

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