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US govt sends drugmakers initial offers in price talks
The US government said it was making initial offers to drugmakers Thursday as part of Medicare negotiations meant to lower the prices many older Americans would pay for 10 medicines. Last October, major drugmakers behind 10 selected medicines for serious illnesses grudgingly agreed to negotiate on cutting prices.
Amazon results beat expectations after record holiday sales
Online retail giant Amazon on Thursday said sales jumped to a more-than-expected $170 billion in the last quarter of last year, after a record-beating holiday season. "This Q4 was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon," CEO Andy Jassy said in a statement.
IMF says central banks should not rush into rate cuts
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday. With inflation now falling in many of the world's advanced and emerging economies, attention has now turned to when they should start cutting rates to stimulate investment and economic growth.
Publicis settles opioid case with US states for $350 mn
Publicis Health will pay $350 million to settle charges from US states that its "predatory and deceptive marketing strategies" worsened the opioid epidemic, New York's top prosecutor said Thursday. Of the $350 million in the settlement, $343 million will go for payments to US states and territories and $7 million for legal feels, Publicis said.
The Facebook users redefining the 20-year-old social network
From California to Southeast Asia, Facebook is capturing a new generation of users who see it as a commercial tool rather than a fun networking platform.
TikTok pulls Taylor Swift, Weeknd in rights feud
Music by Taylor Swift, The Weeknd, The Beatles and other artists can no longer be heard on TikTok after a breakdown in negotiations with music group Universal over compensation. TikTok said in a statement that it was "sad and disappointing that Universal Music Group has put their own greed above the interests of their artists."
Which dogs live the longest? Small ones with long noses
Small dogs with long noses, sucg as whippets and miniature dachshunds, live for years longer than large flat-faced breeds such as English bulldogs, new research said on Thursday.
Hundreds of farmers protest at Greek agriculture fair
Hundreds of Greek farmers on Thursday converged on the country's second city Thessaloniki to demand aid increases, as similar protests gather pace across Europe. Greek Prime Minister Kyriakos Mitsotakis on Tuesday offered to speed up financial aid to farmers in a bid to stave off the protests.
Shares in banking giants BNP, ING fall despite hefty profits
Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took the shine off bumper annual profits. But BNP shares were down seven percent in afternoon deals on the Paris stock exchange as its fourth quarter earnings disappointed.
AFP
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