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Italy PM Renzi To Resign Today After Approval Of Budget Bill

In what may be an unexpected development, following yesterday's news that Renzi would hold off resigning for the immediate future as per the president's requst, moments ago the Italian prime minister tweeted that he would formally resign at 7pm local time, well ahead of expectations, following passage of the budget bill.

Biotechs Slide After Trump Says "I'm Going To Bring Down Drug Prices"

Biotechs Slide After Trump Says "I'm Going To Bring Down Drug Prices"

One year after Hillary Clinton and Bernie Sanders first hinted, on Twitter, that one of the main targets of their campaigns would be pharma and biotech companies in general, and high drug prices in particular, today as part of his extensive interview with Time, the President-elect, and the magazine's winner of the "Person of the Year" award for 2016 hinted that he, too, would focus on high drug prices.

British PM: UK Will Help Gulf ‘Push Back’ Against ‘Iran Aggression’

The British Prime Minister has accused Iran of ‘aggressive actions’ in the Middle East including stirring up trouble in Iraq, Lebanon and Syria. Theresa May says she is “clear-eyed” about the “threat” posed by the country and has pledged to work with Gulf States to counteract its influence. Addressing the Gulf Cooperation Council, the conservative leader said that Britain wanted to “make a more permanent and more enduring commitment to the long-term security of the Gulf” and would invest more than 3 billion pounds in defence spending in the region over the next decade.

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