U.S. move to negotiate drug prices a rare defeat for Big Pharma

Breadcrumb Trail Links PMN Business Author of the article: Article content WASHINGTON — Big Pharma spent more than any other industry to lobby Congress and federal agencies this year, a Reuters analysis shows, but still suffered a major defeat after failing to stop a bill that allows the government to negotiate prices on select drugs. … Read more

HMOs move up the value chain as tenants demand better amenities: Paragon Bank

Houses in multiple occupations (HMOs) are moving up the value chain as tenants demand better amenities, the latest research by Paragon Bank finds.  A survey of HMO landlords said that tenants today expect ensuite bathrooms, larger rooms, high-speed broadband and quality furnishings.  Of those surveyed, 48% said they have seen a growing demand for high-end … Read more

Are you paying 1% to your financial adviser? This move may save you thousands

Are you paying too much to your financial adviser? Getty Images/iStockphoto Many financial advisers charge based on how much money they manage on your behalf, and 1% of your total assets under management is a pretty standard fee. But psst: If you have over $1 million, a flat fee might make a lot more financial … Read more

Ofgem move to alter UK energy price cap slammed by campaigners

Fuel poverty campaigners on Thursday hit out at a decision to pass on rises in wholesale gas and electricity prices to British households much faster after Ofgem confirmed the energy price cap would be altered every three months instead of twice a year. The energy regulator insisted the changes were required to prevent another large-scale crisis in … Read more

Ukraine warns of new Russian offensive; Sweden, Finland move closer to joining NATO

Breadcrumb Trail Links PMN Business Author of the article: Reuters Natalia Zinets and Patricia Zengerle Article content KYIV/WASHINGTON — Ukraine said Russia had started creating a military strike force aimed at President Volodymyr Zelenskiy’s hometown of Kryvyi Rih, while NATO moved closer to its most significant expansion in decades as the alliance responds to the … Read more

Govt to move ‘The Family Courts (Amendment) Bill, 2022’ in Rajya Sabha

The government will move ‘The Family Courts (Amendment) Bill, 2022′ in the Rajya Sabha on Thursday for consideration and passing. Union Law Minister Kiren Rijiju will move the Bill to amend the ‘Family Courts Act, 1984′, as passed by the Lok Sabha. Union minister Narayan Rane to move the motion to … Read more

Govt plans infrastructure status for SEZs; move to ease financing norms

The government plans to facilitate easier financing norms to activities pertaining to the manufacturing and services hubs envisaged under the proposed revamped law for Special Economic Zones (SEZs), also known as Development (Enterprise and Services) Hub Bill, 2022. This will be done by giving them infrastructure status, at par with sectors such … Read more

Walmart Cuts Profit Outlook as It Lowers Prices to Move Goods

Walmart warned that higher prices for food and fuel were causing consumers to pull back, an ominous sign for the U.S. economy that has relied on resilient household spending power through rising inflation. The country’s largest retailer, which warned in May that it was stuck with too much unsold goods, said on Monday that it … Read more

Western Ghats as eco-sensitive zone: Experts slam those opposing move

Karnataka state is prominently in opposition to the implementation of Kasturirangan report on Western Ghats. Series of meetings have been held by ruling BJP top leaders. The Cabinet has also decided to oppose the report. It has been claimed that the move would affect lakhs of people. A three-day bandh has … Read more