Tag: wednesday
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Germany relaxes rules on using cannabis for medical purposes
Dried cannabis flowers and cannabis extracts will be available in pharmacies on prescription and the public health system will cover the cost, according to the draft bill that is expected to come into force from spring 2017. Other countries that allow cannabis use for medical purposes include Italy and the Czech Republic. Portugal has decriminalized…
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Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change
U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc walked away from their $160 billion merger on Wednesday, a major win for President Barack Obama, who has been pushing to curb deals in which companies move overseas to cut taxes. Pfizer said the decision was driven by new U.S. Treasury rules aimed at such deals, called…
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White House finds temporary fix in Zika funding fight
The White House said on Wednesday it will redirect $589 million in funds to prepare for the Zika virus before the mosquito that carries it begins to emerge in the continental United States, but urged Congress to act quickly on its request for more money. White House budget director Shaun Donovan said the use of…
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U.S. district judge strikes down designation of MetLife as ‘too big to fail’
U.S. District Judge Rosemary Collyer on Wednesday struck down the designation made by the heads of the country's financial regulatory agencies that major insurer Metlife Inc. is systemically important to the U.S. financial system. MetLife had argued in court that the Financial Stability Oversight Council (FSOC) used a secretive and flawed process when, in 2014,…
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Uncertainty in Turkey as migrant returns set to start under EU deal
By Tulay Karadeniz and Dasha Afanasieva ANKARA (Reuters) – Five days before Turkey is due to start taking back illegal migrants from Greece under a landmark deal with the European Union, uncertainty remains over how many will come, how they will be processed, and where they will be housed. Turkey agreed with the EU this…
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What’s the Normal Number of Times to Poop in a Day?
By: Liz NewmanCredit: kittibowornphatnon/ShutterstockEveryone Poops isn't just an excellent children's book; it's a fact. No matter how much some people try to deny it, you can't outsmart biology. And you don't necessarily want to try — didn't you ever see Jurassic Park?The ideal frequency of bowel movements, however, has been a constant…
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Valeant seeks waiver from lenders related to filing annual report
The company said earlier in the month that a delay in filing its annual report would put it at risk of a default on its $30 billion in debt. Valeant on Wednesday said it was seeking to extend the deadline for filing its annual report to May 31. “The company is comfortable with its current…
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Valeant seeks waiver from lenders related to filing annual report
The company said earlier in the month that a delay in filing its annual report would put it at risk of a default on its $30 billion in debt. Valeant on Wednesday said it was seeking to extend the deadline for filing its annual report to May 31. “The company is comfortable with its current…
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UK cost agency says ‘no’ to pricey Vertex cystic fibrosis drug
LONDON (Reuters) – A new cystic fibrosis treatment from Vertex Pharmaceuticals has been rejected as too expensive by Britain’s healthcare cost agency NICE. The National Institute for Health and Care Excellence (NICE) said on Wednesday that Orkambi, priced at an annual 104,000 pounds per patient, was not a cost-effective use of state healthcare resources, even…
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UK cost agency says ‘no’ to pricey Vertex cystic fibrosis drug
LONDON (Reuters) – A new cystic fibrosis treatment from Vertex Pharmaceuticals has been rejected as too expensive by Britain’s healthcare cost agency NICE. The National Institute for Health and Care Excellence (NICE) said on Wednesday that Orkambi, priced at an annual 104,000 pounds per patient, was not a cost-effective use of state healthcare resources, even…