Kim Kyung Hoon/Reuters Seiichiro Nishimoto, CEO of Shelter Co., poses wearing a gas mask at a model room for the company’s nuclear shelters in the basement of his house in Osaka, Japan. A rising number of American billionaires are channeling their inner Bear Grylls, and some are doing it in preparation for an apocalyptic event — […]

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/Neil Hall Good news for these two. LONDON — The weak, unstable Conservative minority government backed by the DUP formed following last week’s general election could, surprisingly, be a good thing for the British economy. That is according to Samuel Tombs of Pantheon Macroeconomics, one of the few analysts to correctly predict Theresa May would not win a […]

Reuters LONDON — Key figures in the City of London are marginally more optimistic about the financial centre’s future on Monday as expectations rise that Britain could be heading towards a softer Brexit after last week’s election. Prime Minister Theresa May’s gamble to call a general election in order to boost her majority ahead of […]

President Trump has proposed a plan to privatize the US’s air-traffic-control system. Proponents of privatization tout costs savings. Opponents argue privatization would increase costs and jeopardize access to services for smaller communities. Experts say modernizing air-traffic control (ATC) won’t completely solve delays and congestion. On Monday, President Trump announced his plan to modernize America’s air-traffic-control […]

Reuters/Brian Snyder An injection Many of the powerful drugs used to treat autoimmune diseases have to be injected.  Protagonist Therapeutics wants to change that, instead of using the same approach but in a pill.  The potentially game-changing approach could disrupt billion-dollar markets.  Protagonist Therapeutics, a biotech company based in the Bay Area, is trying to develop pill […]

Thomson Reuters FILE PHOTO: The logo on the building of HSBC’s London headquarters appears through the early morning mist in London’s Canary Wharf financial district LONDON — Europe’s largest lender by assets, HSBC, faces a new legal challenge over alleged historical manipulation of the foreign exchange markets, according to a report from the Financial Times […]