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Hiring and data: how the U.S. will set up new Medicare drug price talks

The U.S. government will soon begin hiring experts and collecting the data needed to launch direct negotiations over prescription drug prices for older and disabled people, a top Biden administration

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Output at Renault, Stellantis French plants to resume normally after summer break

Production at Renault (RENA.PA) and Stellantis (STLA.MI) car plants in France – which had closed for the annual summer break – will resume in a more normal manner than at

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British Airways to cut winter schedule capacity

British Airways would make further cancellations up to the end of October and tweak its winter schedule, the airline said on Monday, following Heathrow airport’s decision to cap capacity to

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Moscow Exchange to ban use of dollars as collateral from Aug. 29

The Moscow Exchange (MOEX.MM) will ban the use of dollars as collateral to underwrite transactions, it said on Monday, as Russia seeks to cut dependence on currencies of nations that

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U.S. stock options traders see little drama around Fed’s Jackson Hole event

Federal Reserve policy has sparked big moves in markets this year, but options traders expect few fireworks around the central bank’s annual symposium this week in Jackson Hole, Wyoming. Options

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McDonald’s director targeted by Icahn to leave in board shift

McDonald’s Corp (MCD.N) has amended its board, the fast-food chain said on Monday, and the director being replaced had been targeted by activist investor Carl Icahn who sought to tighten

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Europe braces for more cuts in Russian oil and gas exports

Europe faces fresh disruption to energy supplies due to damage to a pipeline system bringing oil from Kazakhstan through Russia that was reported by the pipeline operator on Monday, adding

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