REUTERS/Kevin Lamarque U.S. Supreme Court Justice Clarence Thomas, who delivered the opinion, arrives for inauguration ceremonies in 2013. WASHINGTON — The US Supreme Court on Monday cut the time it will take for copycat versions of biologic drugs — known as biosimilars — to get to the market in a pivotal ruling about an expensive class […]

Reuters/Arthur Edwards Small businesses could suffer. LONDON – Small and medium sized businesses risk losing out on billions in European Union funding when the UK formally leaves the trading bloc in 2019. The EU has earmarked £3.6 billion in regional development funds for UK firms until 2020, but nothing beyond 2021, according to a report […]

REUTERS/Karoly Arvai The US pharmaceutical industry is on the brink of a new ecosystem — but it’s not taking off as smoothly as expected. Up until the past few years, biologic drugs made from living cells didn’t face competition once they lost patent protection. That’s been changing with the introduction of drugs called biosimilars. But their rollout […]

Benjamin Zhang/Business Insider A perfect 5? Trying to achieve fully self-driving cars could be a waste of time and money. But that hasn’t stopped a lot of companies from going all in with the idea. The way I see it, there are three main models for self-driving vehicles: The Google Car: Reversed engineered from a […]

The US is seeking a deal to fine Barclays, Credit Suisse and Deutsche Bank billions of dollars before the November election, according to a report in the Financial Times. The banks face fines from the US Department of Justice, led by Attorney General Loretta Lynch, for the illegal sale of mortgage bonds in the US […]

Drew Angerer/Getty Images Warren Buffett, chairman of the board and CEO of Berkshire Hathaway, speaks in Gaston Hall at Georgetown University, September 19, 2013 in Washington, DC. Warren Buffett was dialing for dollars at the inception of The Giving Pledge, a philanthropic initiative he created with and Bill and Melinda Gates. The pledge asks the world’s wealthiest […]

Robert Galbraith/Reuters A sign is seen on protective fencing as workers begin demolition on a former retail mall Sluggish sales at Macy’s are hurting more than just the mega-retailer itself. The department store chain recently announced that it would be closing 100 stores in a bid to shore up business. That could impact about $ 3.64 billion in commercial mortgage-backed securities […]

Stock markets haven’t had a great week. Investors are increasingly concerned that global shares are hitting a ceiling. According to analysts at Jefferies, the investment bank, global equity funds “recorded their fifth consecutive weekly outflow, at a net $ 7.3 billion (£4.9 billion).” Funds investing in European stocks were the among worst hit, seeing withdrawals […]