EU clashes with Big Pharma to make drugs cheaper – POLITICO

The EU wants to give European consumers access to more medicines, faster and at lower cost — and he fights with the pharmaceutical industry in the process. A draft plan to overhaul EU pharmaceutical laws – a copy of which was obtained by POLITICO — would see the European Commission take away the benefits currently … Read more

The new role of artificial intelligence in medicine, finance and other industries

Getty Key points to remember Thanks to the power of AI, computers can perform tasks that previously required a human Medical, finance and customer service are now using AI-powered tools to improve operations AI has recently started to impact other industries, like research and education, as professionals try to figure out the best way to … Read more

Wall Street analysts bullish on META, NVDA and FSLR

Here are Thursday’s most important calls on Wall Street: JMP downgrades Peloton to market performance from outperformance JMP downgraded the stock primarily on valuation. “We are downgrading our rating on Peloton shares from Market Outperform to Market Perform as Peloton hit our previous price target of $16 while we leave our estimates for fiscal 2024 … Read more

Bank of England raises rates by 50bps and now sees a ‘much shallower’ recession than expected

A walkway near the Bank of England (BOE) in the City of London, UK, on ​​Thursday March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The bank of england On Thursday, it raised interest rates by 50 basis points and recalled some of its previous bleak economic forecasts. The monetary policy committee … Read more

Asia-Pacific markets trade mixed as investors digest Fed’s smallest quarter-point hike

Adani Enterprises withdraws follow-on public offering overnight Investors will be watching shares of Adani Group companies closely after Adani companies pulled out its $2.5 billion follow-on public offering overnight, although the sale was fully subscribed, which many saw as a vote of confidence from investors. The company cited “the unprecedented situation and current market volatility” … Read more

Samsung keeps Galaxy smartphone prices amid inflation and market crash

Samsung Electronics Co.Ltd. on Wednesday unveiled three new smartphones with advanced cameras, improved productivity, and more powerful batteries and storage — at prices comparable to a year ago. The new Galaxy S23 series costs from $799 to $1,199, the same range as the S22 range launched last year, and has a 200-megapixel camera for better … Read more

OPEC+ committee recommends no change to oil production policy in virtual meeting

The OPEC logo is pictured at OPEC headquarters on October 4, 2022. Joe Clamar | AFP | Getty Images A technical committee of the influential coalition of oil producers OPEC+ made no recommendations to change the group’s existing production policy at its last meeting, according to three delegates. The OPEC+ Joint Ministerial Monitoring Committee, which … Read more

How Asia’s richest man lost his crown in days

Gautam Adani, billionaire and chairman of the Adani Group, during an event at the Port of Haifa in Haifa, Israel, Tuesday, Jan. 31, 2023. Adani, the Indian billionaire whose business empire has been rocked by allegations of fraud by the short seller Hindenburg Research, said his company would make more investments in Israel. Bloomberg | … Read more

Britain Outlines Plans To Regulate Crypto Industry Following FTX Collapse

Britain’s Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University on January 30, 2023. Oli Scarf | Swimming pool Wpa | Getty Images The UK has formally outlined plans to regulate the cryptocurrency industry, with the government seeking to curb some of the reckless business practices that have emerged over … Read more

Central banks set to signal path of sliding interest rates in crucial week

A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and bank of england are all expected to raise interest rates again this week as they make their first policy … Read more