Jonathan Ernst/Reuters The world’s largest drugmaker just gave us a better idea of how drug price hikes impact its business.  Johnson & Johnson published a report on Monday detailing its average list price compared to its average net price after rebates and discounts. The companies’ drugs had an average list price increase of 8.5% in 2016 while […]

Hollis Johnson Elio Motors has one of the more interesting, and simple, ideas in the auto industry. The Arizona-headquartered transport startup, with a factory in Louisiana, just started taking deposits on its first vehicle, a three-wheeler that’s street-legal, made in the US, and will sell for just over $ 7,000. So far, over 60,000 people have […]

Thomson Reuters SpaceX Falcon rocket lifts off from Space Launch Complex 4E at Vandenberg Air Force Base, California, U.S., January 14, 2017. One of this year’s most anticipated hedge fund launches can count on another big time investor. Jens-Peter Stein, cofounder of multi-billion hedge fund Stone Milliner Asset Management, is planning to make a small […]

The pound is dropping on Monday after reports that the Scottish government could be set to call for a second independence referendum just as Prime Minister Theresa May begins the formal process of leaving the EU by triggering Article 50. “There is serious concern that Nicola Sturgeon will use the start of the Brexit process […]

[unable to retrieve full-text content] Royal Mint The new British pound coin. LONDON — Brits could lose up to £1.1 billion in loose change when the new pound coin is introduced in March, according to research from payment firm Mastercard. The current £1 coin will be replaced in April for the first time in thirty […]

REUTERS/Paulo Whitaker A reveller parades for the Tom Maior samba school during the carnival in Sao Paulo, Brazil, February 24, 2017. Good morning! Here’s what you need to know in markets on Monday. 1. Japan’s SoftBank Group is close to finalising an investment in US office-sharing startup WeWork in a deal expected to be worth over […]