Xiaomi designated a ‘Communist Chinese military company’ by U.S. government

As Donald Trump approaches the end of his term, the president is putting the pressure on a Chinese giant—but this time, it’s not Huawei. The outgoing administration has designated Xiaomi, the world’s third best-selling phone maker, a ‘Communist Chinese military company,’ adding it to a blacklist that could force U.S. investors to divest.As noted by […]

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The price of a drug should be based on its therapeutic benefits – not just what the market will bear

The U.S. pharmaceutical industry has innovated in response to the pandemic, providing not only vaccines but also therapies to treat people with COVID-19. But an outdated law designed to spur development of lifesaving drugs risks making new treatments—for COVID-19 as well as other diseases—unaffordable for many Americans. Many pharmaceutical companies rely on the Orphan Drug […]

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French politics kills Canadian bid to create one of the world’s top supermarket groups

The French government has put an abrupt end to a $20 billion takeover of the country’s biggest retailer by Canada’s largest convenience store operator. In a joint statement on Saturday, French supermarket chain Carrefour (CRERF) and Couche-Tard (ANCTF), the owner of Circle K, said that talks about a €16.2 billion ($19.5 billion) transaction “are no […]

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