They call it the patent cliff. Brand-name drug makers have feared it for years. And now the makers of generic drugs fear it, too. This year, more than 40 brand-name drugs — valued at $35 billion in annual sales — lost their patent protection, meaning that generic companies were permitted to make their own lower-priced versions of well-known drugs like Plavix, Lexapro and Seroquel...
To Fight Climate Change, College Students Take Aim at the Endowment Portfolio
Label: BusinessSWARTHMORE, Pa. — A group of Swarthmore College students is asking the school administration to take a seemingly simple step to combat pollution and climate change: sell off the endowment’s holdings in large fossil fuel companies. For months, they have been getting a simple answer: no. As they consider how to ratchet up their campaign, the students suddenly find themselves at the vanguard...
Dec
03
Two Mexican nationals charged in killing of U.S. Coast Guardsman
Label: World Federal prosecutors charged two Mexican nationals in connection with killing U.S. Coast Guardsmen Terrell Horne III after they...
News Corp shutting down iPad newspaper ‘The Daily’ on December 15th
Label: TechnologyNews Corp’s iPad newspaper “The Daily” is officially dead. Launched in February 2011, The Daily was a “ bold experiment in digital publishing and an amazing vehicle for innovation,” but like so many pioneering ideas, it “could not find a large enough audience quickly enough” to keep the publication going, according to Rupert Murdoch, the Chairman of News Corporation and Chairman and CEO...
Additional copies of ‘Lincoln’ headed to theaters
Label: LifestyleLOS ANGELES (AP) — “Lincoln” is marching to more movie theaters.Disney, which distributed the DreamWorks film, is making additional prints of director Steven Spielberg‘s historical saga starring Daniel Day-Lewis to meet an unexpected demand that has left some moviegoers in Alaska out in the cold.“To say that we’re encouraged by the results to date or that they’ve exceeded our expectations is an understatement,”...
Global Update: GlaxoSmithKline Tops Access to Medicines Index
Label: HealthSang Tan/Associated PressGlaxoSmithKline hung on to its perennial top spot in the new Access to Medicines Index released last week, but its competitors are closing in. Every two years, the index ranks the world’s top 20 pharmaceutical companies based on how readily they get medicines they hold patents on to the world’s poor, how much research they do on tropical diseases, how ethically...
Deficit Talks Stumble Over Down Payment
Label: BusinessWASHINGTON — For all the growing angst over the state of negotiations to head off a fiscal crisis in January, the parties are farthest apart on a relatively small part of the overall deficit reduction program — the down payment. President Obama and the House speaker, John A. Boehner, are in general agreement that the relevant Congressional committees must sit down next year and work out changes...
Dec
02
Syria army pounds rebels around Damascus
Label: World BEIRUT — Fierce clashes and heavy government bombardment were reported Sunday on the outskirts of Damascus as the Syrian military...
Young down by boardwalk for benefit show
Label: LifestyleNEW YORK (AP) — Neil Young said Sunday that he couldn’t see performing in the area devastated by Superstorm Sandy without doing something to help people who were affected by it.Young and his longtime backing band, Crazy Horse, will hold a benefit concert for the American Red Cross‘ storm relief effort Thursday at the Borgata Hotel Casino & Spa in Atlantic City. The New Jersey coastline areas were...
Some Economists Doubt Dire Effects From Tax Increases
Label: BusinessAs anxious investors assess their portfolios in light of expected tax increases on investment income, hedge fund manager Douglas Kass has a simple message: Relax. Mr. Kass, the founder of Seabreeze Partners Management, thinks much of the investing world has overestimated how hard the markets and investors would be hit if tax rates on dividends and capital gains rise at the end of the year,...
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