Articles by Ankur Banerjee and Hyunjoo Jin

Musk Looks to Delay Twitter Trial Following Whistleblower Claims

Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc TWTR.N and amend his complaint against the social media company, according to court filings, after …

J&J to End Global Sales of Talc-Based Baby Powder

Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended U.S. sales of a product that drew thousands of consumer safety lawsuits. “As part of a …

Pfizer-BioNTech Seek FDA Full Approval for Authorized COVID-19 Vaccine

Pfizer Inc. and German partner BioNTech SA said on Friday they have started an application process with the U.S. Food and Drug Administration for full approval of their COVID-19 vaccine, currently only authorized for emergency use. If approved, the vaccine …

FDA Halts Vaccine Manufacturing at Plant Where Doses Were Wasted

The U.S. Food and Drug Administration has asked Emergent BioSolutions Inc. to halt producing new materials for COVID-19 vaccines until the regulator completes an inspection of its plant in Baltimore, which is under scrutiny after millions of doses were thrown …

Filings Show PG&E Delayed Key Power Line Safety Overhaul

Shares of PG&E Corp fell about 3 percent after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history. The company filed for …

Express Scripts, Cigna Shareholders Vote in Favor of $52 Billion Acquisition

Cigna Corp. shareholders on Friday voted in favor of the health insurer’s proposed $52 billion acquisition of pharmacy benefit manager Express Scripts Holding Co., although the deal still needs clearance from antitrust authorities. The vote in favor of the merger …

Cigna Confident About Express Scripts Deal, Despite Icahn Opposition

Cigna Corp. said on Thursday it was confident of winning shareholder approval for its $52 billion Express Scripts buyout, a day after reports that investor Carl Icahn had picked up a stake in the insurer and was planning to vote …

Cigna to Buy Pharmacy Benefits Manager Express Scripts for $52 Billion

U.S. health insurer Cigna Corp. struck a $52-billion deal to buy pharmacy benefits manager (PBM) Express Scripts Holding Co on Thursday, looking for new ways to hold onto their profits as the industry faces greater scrutiny for rising healthcare costs. …

UnitedHealth Prices 2018 Insurance Plans to Include Obamacare Tax

UnitedHealth Group Inc. reported stronger-than-expected quarterly results on Tuesday and said it was coping with uncertainty in U.S. healthcare laws by pricing its 2018 insurance plans to include a costly Obamacare tax. President Donald Trump and other Republicans have vowed …

Samsung Agrees to Replace 1 Million Galaxy Note 7 Smartphones in U.S.

Samsung Electronics Co. Ltd. formally recalled 1 million Galaxy Note 7 smartphones sold in the United States, replacing or refunding the flagship phones, whose susceptibility to catching fire has damaged the image of the Korean powerhouse. Samsung received 92 reports …