Year: 2012

Wall Street nemesis Warren to join U.S. Senate Banking Committee

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Warren addresses supporters during her victory rally in BostonWASHINGTON (Reuters) – Wall Street critic and Senator-elect Elizabeth Warren will join the Senate Banking Committee next year where she is likely to be a loud voice in favor of tight financial regulation. The Democratic Steering Committee on Wednesday approved committee assignments for Warren and other Senate Democrats, installing Senator Patty Murray of Washington state as chairwoman of the Senate Budget Committee. Warren, a Harvard Law School professor who won a hard-fought election in Massachusetts, will now have a powerful platform from which to oversee banking regulation. …

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California Governor Brown treated for early stage prostate cancer

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Brown speaks at a news conference to announce the Public Employee Pension Reform Act of 2012 at Ronald Reagan State Building in Los AngelesSACRAMENTO (Reuters) – California Governor Jerry Brown is undergoing treatment for early stage prostate cancer with an excellent prognosis for recovery, and the 74-year-old Democrat is expected to keep up a full work schedule, his office said on Wednesday. "Fortunately, this is early stage localized prostate cancer, which is being treated with a short course of conventional radiotherapy," Dr. Eric Small, Brown's oncologist, said in a statement. "The prognosis is excellent, and there are not expected to be any significant side effects," he added. …

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Serious differences remain as US "fiscal cliff," talks drag on

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U.S. House Speaker Boehner speaks to the media outside his office on Capitol Hill in WashingtonWASHINGTON (Reuters) – Sharp differences remained on Wednesday between congressional Republicans and the White House in talks to avert the "fiscal cliff" of steep tax hikes and budget cuts, and negotiators warned the showdown could drag on past Christmas. Both sides refused to give any ground in public, one day after what U.S. House of Representatives Speaker John Boehner described as a "frank" conversation with President Barack Obama about the remaining hurdles to a deal. Boehner said Obama's latest proposal for $1. …

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Journal questions use of cannabis spray drug for MS

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The sun shines though the distinctive leaves of marijuana plants during police raid in the remote ...LONDON (Reuters) – There is little evidence to back the use of a cannabis extract spray made by GW Pharmaceuticals for spasticity in patients with multiple sclerosis, according to a medical journal review published on Thursday. GW Pharma said the report in the Drug and Therapeutics Bulletin (DTB), a British Medical Journal publication, gave "a misleading view of the drug" and contained a number of errors. Sativex is sold as a prescription drug in Britain by GW's partner, German group Bayer. …

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Gilead bags blood disorder drug with YM BioSciences buy

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(Reuters) – Gilead Sciences Inc said it would buy Canada’s YM BioSciences Inc for about $510 million in cash, getting access to a second experimental drug to treat a rare blood and immune cell disorder. Gilead shares closed down 0.14 percent at $76.23 on the Nasdaq, while YM’s U.S.-listed shares closed up 77 percent at $2.88, just under Gilead’s offer price. YM’s only drug, codenamed CYT387, is being tested in patients with myelofibrosis, a blood disorder with limited treatment options. …

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