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Merck Challenges U.S. Government’s New Powers to Negotiate Drug Prices

June 6, 2023 / no comments

The drugmaker filed a lawsuit saying Medicare’s drug-price negotiation program violates the company’s constitutional rights.

Merck Sues Over Medicare Drug-Price Negotiation Law

June 6, 2023 / no comments

The company is heavily reliant on a cancer drug that could be targeted by a program intended to lower drug prices.

World Bank Projects Weak Global Growth Amid Rising Interest Rates

June 6, 2023 / no comments

A new report projects that economic growth will slow this year and remain weak in 2024.

World Bank Brightens View of Global Growth This Year, Downgrades 2024

June 6, 2023 / no comments

The bank warned of risks to poorer nations from rising interest rates.

Don’t Bet on Strong Medicine for Chinese Housing

June 6, 2023 / no comments

Some additional policy support now looks likely for China’s housing market. But a lackluster recovery is still the most probable outcome.

Hong Kong’s Legal Bid to Ban Protest Song Challenges Google

June 6, 2023 / no comments

Officials are seeking a court order to block online dissemination of a popular pro-democracy anthem, in the first major test for U.S. tech platforms over politically sensitive content.

With Debt-Ceiling Deal Done, House GOP Looks to Cut Taxes

June 6, 2023 / no comments

Republicans hope to revive expired business tax breaks in a bill they could introduce this month.

SEC Sues Coinbase, Says It Is Unregistered Broker-Dealer

June 6, 2023 / no comments

The regulator said the U.S.’s largest crypto platform violated rules that require it to register as an exchange.

S.E.C. Accuses Coinbase of Breaking Market Rules

June 6, 2023 / no comments

The regulator said that the cryptocurrency trading platform allowed users to trade unregistered securities, a day after it accused the crypto platform Binance of mishandling funds.

A U.S. Startup’s 15-Year Struggle to Survive China’s Solar Grip

June 6, 2023 / no comments

The CEO says green subsidies in the U.S. mean its fourth factory attempt could be the charm.

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