Novo Nordisk, Red Cross team up to tackle chronic diseases in conflict zones

COPENHAGEN (Reuters) - Danish drugmaker Novo Nordisk and aid agency Red Cross have teamed up to try to improve the treatment of chronic diseases among the millions affected by conflicts and humanitarian crises in countries such as Syria and Yemen. President of The International Committee of the Red Cross Peter Maurer, Novo Nordisk Chief Executive Officer Lars Fruergaard Jorgensen...

Facebook says users must accept targeted ads even under new EU law

MENLO PARK, Calif. (Reuters) - Facebook Inc (FB.O) said on Tuesday it would continue requiring people to accept targeted ads as a condition of using its service, a stance that may help keep its business model largely intact despite a new European Union privacy law. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection...

U.S. drug agency proposes rules to rein in opioid manufacturing

WASHINGTON (Reuters) - The U.S. government on Tuesday proposed tightening rules governing the amount of prescription opioid painkillers that drugmakers can manufacture in a given year, in hopes of reining in the deadly opioid epidemic. FILE PHOTO: Attorney General Jeff Sessions speaks during a civil rights initiative announcement at the Fair Housing Act 50th Anniversary at the Justice Department...

IBM full-year profit forecast misses estimates, shares fall

(Reuters) - International Business Machines Corp’s (IBM.N) full-year profit forecast fell short of Wall Street targets on Tuesday, sending the technology company’s shares down as much as 6 percent. FILE PHOTO: A man checks his mobile phone outside IBM's booth at the Mobile World Congress in Barcelona, Spain, February 28, 2018. REUTERS/Sergio Perez/File Photo ...

GE rides gene therapy wave with ready-made viral drug factories

LONDON (Reuters) - General Electric is raising its bet on biotechnology with the launch of prefabricated manufacturing units for producing virus-based gene and cell therapies, novel anti-cancer treatments and vaccines. FILE PHOTO: The ticker and logo for General Electric Co. is displayed on a screen at the post where it's traded on the floor of the New York Stock...

U.S. strike on China’s ZTE another blow for Qualcomm

SHANGHAI/BEIJING (Reuters) - A move by the United States to ban American firms selling components to the Chinese telecom equipment maker ZTE Corp will also hit a target closer to home: Qualcomm Inc, a U.S. company that is a major supplier of chips for ZTE’s phones. The U.S. Department of Commerce slapped a seven-year ban on sales to ZTE...

Drug suppliers’ shares rise as looming Amazon threat appears to ease

(Reuters) - Shares of U.S. drug suppliers rose on Monday after a report that Amazon.com Inc had dropped plans to sell drugs to hospitals, in a boost to a pharmaceutical supply chain rattled by the looming threat of competition from the online retailer. FILE PHOTO: The logo of Amazon.com Inc is seen in Sao Paulo, Brazil October 17, 2017....

Netflix programming binge pays off with subscriber surge

(Reuters) - Netflix Inc’s blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video-streaming pioneer’s massive spending will fuel growth around the world. New shows like “Altered Carbon” and “O Mecanismo” helped Netflix smash analysts’ subscriber estimates, and its better-than-expected second-quarter outlook soothed concerns about competition...

J&J Baby Powder litigation takes new focus with asbestos claims

NEW YORK (Reuters) - A $117 million verdict against Johnson & Johnson (JNJ.N) and a supplier in favor of a man who said his asbestos-related cancer was caused by long-term use of J&J’s Baby Powder could open a new front for thousands of cases claiming the widely-used product caused cancer, legal experts and plaintiffs lawyers said. FILE PHOTO: Bottles...

Qualcomm to refile China antitrust application for $44 billion NXP takeover: sources

BEIJING (Reuters) - U.S. chipmaker Qualcomm (QCOM.O) will refile as early as Monday an application with the Chinese government to clear its $44 billion takeover of NXP Semiconductors (NXPI.O), sources said, giving regulators more time to decide on the deal and averting a collapse. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California,...