(Reuters) – US government sues Teva Pharmaceutical Industries Ltd (TEVA.TA) on Tuesday, accused the drugmaker of causing the filing of false claims with Medicare by using kickbacks to encourage the sale of its multiple sclerosis drug Copaxone. FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news …
Read More »US states seek $ 2.2 trillion from OxyContin maker Purdue Pharma: filings
NEW YORK (Reuters) – US states claim $ 2.2 trillion in damages for OxyContin maker Purdue Pharma LP’s suspected role in America’s opioid epidemic, accusing drugmaker in new submissions press presenting painkillers on physicians and patients while playing the risks of abuse and overdose. FILE PHOTO: Bottles Prescribed Painkillers OxyContin …
Read More »Oracle goes into race to buy TikTok’s US operations: FT
FILE PHOTO: The Oracle logo is displayed in an office building in Irvine, California, USA June 28, 2018. REUTERS / Mike Blake (Reuters) – Oracle Corp. has held preliminary talks with TikTok’s Chinese owner, ByteDance, and has seriously considered buying the app’s operations in the United States, Canada, Australia and …
Read More »Chinese companies flood into US IPOs despite writing off threat
HONG KONG (Reuters) – The US government is threatening to remove Chinese companies that do not meet US accounting standards, but mainland companies are rushing to offer their shares on New York exchanges, sometimes in blockbuster deals. FILE PHOTO: The 11 Wall St. door of the New York Stock Exchange …
Read More »India advises Chinese entities on money laundering
NEW DELHI (Reuters) – Indian tax authorities raided the property of several Chinese entities and their staff for money laundering, according to an official statement late Tuesday, adding to New Delhi’s growing discomfort with Beijing following a border crash in June. Since the clash, Prime Minister Narendra Modi’s government has …
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