Canada federal court dismisses drugmakers’ plea challenging drug price rules

– The federal court of Canada on Monday dismissed a plea by drugmakers challenging the Canadian government’s new regulations aimed at lowering prices of patented drugs that could potentially lead them to lose billions over a decade. The court struck down one part of the new regulation, finding that using certain payments to third parties to determine a drug’s regulated price went beyond the government’s authority, but upheld the bulk of the rules. Canada published…

"Canada federal court dismisses drugmakers’ plea challenging drug price rules"

Report: Dodgers P Price gives $1K apiece to team’s minor leaguers

Los Angeles Dodgers pitcher David Price will gift $1,000 to each of the players in the team’s minor-league system, MLB writer Francys Romero reported. Major League Baseball agreed to pay each minor leaguer $400 for May as teams coped with the financial losses caused by the coronavirus pandemic. Price’s gesture comes amid a report from ESPN’s Jeff Passan, who reported Thursday that teams released “hundreds” of minor leaguers. The minor league baseball season widely has…

"Report: Dodgers P Price gives $1K apiece to team’s minor leaguers"

Top investor in Italy’s Nexi cuts stake as M&A looms

MILAN – The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA. Nexi CEO Paolo Bertoluzzo said this month talks with SIA to create an Italian payments giant continued. Sources have told negotiations will soon focus on key valuation issues. Mercury UK, a vehicle of private equity firms Advent, Bain Capital…

"Top investor in Italy’s Nexi cuts stake as M&A looms"

Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies

BEIJING – U.S. electric vehicle maker Tesla Inc said in Friday it has cut the starting price for China-made Model 3 sedans by 10% to qualify for subsidies in the world’s biggest auto market. Tesla, which started delivering cars from its $2 billion Shanghai car plant in December, said in a statement it has cut the starting price for its Standard Range Plus Model 3 sedans to 271,550 yuan ($38,463.17), after receiving 20,250 yuan per…

"Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies"

T. Rowe Price to place a bigger bet on stocks in retirement funds

BOSTON – T. Rowe Price Group Inc said on Thursday it would ratchet up the risk in its target-date retirement portfolios, boosting stock allocations to as much as 98% for younger investors. Target-date funds are popular in 401(k) plans because they do the work of allocating worker and employer retirement contributions into stocks and bonds. Funds with distant retirement dates typically allocate about 90% of their portfolios to stocks, with that percentage declining as retirement…

"T. Rowe Price to place a bigger bet on stocks in retirement funds"