The U.S. Food and Drug Administration has granted priority review for Novartis’s Tafinlar in combination with Mekinist for treating some patients with advanced melanoma, the Swiss drugmaker said on Friday. Continue Reading Below The review covers the combination therapy for the adjuvant treatment of patients with stage III melanoma with […]
FOX Business News
Roche to buy US cancer drugmaker Ignyta for $1.7 bln
Swiss drugmaker Roche said on Friday it would buy U.S. cancer drugmaker Ignyta Inc for $1.7 billion. Continue Reading Below Roche will buy all of Ignyta’s outstanding shares for $27 each, representing a premium of about 74 percent to its closing price on Thursday. Reuters reported earlier this week that […]
Bitcoin slips below $14,000, down 30 pct from record peak
Cryptocurrency bitcoin tumbled below $14,000 briefly on the Bitstamp exchange on Friday, down roughly 30 percent from its record top near $20,000 set at the start of the week. Continue Reading Below It was last down 7 percent at $14,499 but fell as much as 14.7 percent earlier in the […]
Bitcoin Plunges 25% in 24 Hours in a Cryptocurrency Market Rout
The price of bitcoin tumbled sharply Friday in Asia, wiping one-fourth of its market value in the past 24 hours alone, as a wave of selling hit the broader cryptocurrency market just before the Christmas holiday weekend. Continue Reading Below Bitcoin recently traded at $12,500, according to research site CoinDesk. […]
Oil drops from 2-1/2-yr highs as rising output drags on market
Oil prices on Friday dipped away from some of its highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. Continue Reading Below The drop, though, came as crude future volumes declined rapidly as traders closed positions […]
Oil dips from highs, but OPEC’s cuts still support market
Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. Continue Reading Below Despite this, markets remained well supported by ongoing supply cuts led by the Organization […]
Congress votes to avert shutdown, sends Trump stopgap spending bill
The U.S. Congress on Thursday averted a government shutdown just one day before federal funding was due to expire, sending President Donald Trump a bill to provide just enough money to keep agencies operating through Jan. 19. Continue Reading Below With lawmakers eager to begin a holiday recess until Jan. […]
Ford CEO apologizes for harassment cases at Chicago plant
DETROIT – Ford CEO Jim Hackett is apologizing for multiple instances of sexual harassment at an assembly plant in Chicago. Continue Reading Below In a letter sent Thursday to employees, Hackett said Ford won’t tolerate harassment or retaliation against workers who report it. Hackett wrote, “We don’t want you here, […]
Facebook, Universal Music strike multi-year licensing deal
Facebook Inc (FB) and Universal Music Group on Thursday announced a global agreement that will enable users to upload videos featuring music from Universal’s library across the social media network as well as Instagram and Oculus. Continue Reading Below Through the agreement, which is Facebook’s first with a major record […]
Papa John’s founder out as CEO weeks after NFL comments
NEW YORK – Papa John’s founder John Schnatter will step down as CEO next month, about two months after he publicly criticized the NFL leadership over national anthem protests by football players — comments for which the company later apologized. Continue Reading Below Schnatter will be replaced as chief executive […]