Pfizer Sues J&J Over Biosimilar Competition Tactics
Pfizer accuses Johnson & Johnson of anticompetitive conduct to block its biosimilar Inflectra to Remicade. The suit, filed in Pennsylvania, argues J&J pressured insurers and providers to curb biosimilar competition, potentially delaying lower-cost RA treatment.
MENTIONED IN THIS ARTICLE
Pfizer
Johnson & Johnson
Michael Carrier
Rutgers Law School
Crohn
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J&j
U.S. District Court
Pennsylvania
Biosimilars Offer Price Pressure for Cutting-Edge Medicines
Biosimilar medicines highly similar to biologic drugs used in cancer, multiple sclerosis, or high cholesterol are seen as a modern generic approach. They aim to bring price competition after a limited period, helping curb long term pharmaceutical spending.
Fed signals balance sheet wind down sparks mixed Wall Street move
The Fed plans to reduce its 4.5 trillion dollar portfolio next month while signaling one more rate hike this year and three in 2018. Stocks rose modestly as banks benefited from higher yields while high dividend names fell.
MENTIONED IN THIS ARTICLE
U.S
Federal Reserve
Central Bank
David Chalupnik
Nuveen Asset Management
Standard & Poor
Wall Street
Fed
Harvey
Irma
Chalupnik
Donald Trump
Yellen
Fedchair
Trump
Gary Cohn
Cleveland
Goldman Sachs
National Economic Council
Cohn
Randal Quarles
Stanley Fischer
Fischer
Quarles
Unbundled bag fees raise total travel costs study finds
The GAO reports domestic fliers pay more overall when bag fees and base fares are considered together. It says those who check bags incur higher combined costs, while non bag users pay less, despite base fares seeming cheaper since unbundling began. The findings contrast airline claims of lower base prices. The second item notes CFPB fines for Wells Fargo could exceed 10 billion but settled for 100 million. documents show earlier 2006 awareness of incentive abuse and political pressure on CFPB leadership.
MENTIONED IN THIS ARTICLE
Washington
Government Accountability Office
GAO
New York
Consumer Financial Protection Bureau
Wells Fargo
CFPB
House Financial Services Committee
Regulators double Ohio pipeline fine
Ohio environmental regulators have doubled fines against Energy Transfer Partners for Rover Pipeline construction in Ohio. The amount now stands at 2.3 million dollars amid water and air pollution violations. The company seeks to resolve the matter with regulators while pursuing FERC compliance.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
West Virginia
Michigan
Ohio Environmental Protection Agency
Appalachian
Canada
Midwest
Energy Transfer Partners
Craig
Butler
Environmental Protection Agency
Federal Energy Regulatory Commission
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