Trump win boosts drug stocks as prospect of price curbs recedes

A trader sits in front of the computer screens at his desk at the Frankfurt stock exchangePharmaceutical stocks leapt on Wednesday as Republican Donald Trump&;s U.S. presidential election win led investors to conclude the threat of tough action on drug pricing had receded. News that a Californian proposal aimed at reining in rising prices for prescription drugs was headed for defeat in a state ballot also buoyed the mood. Trump&039;s victory over Hillary Clinton, whose drug pricing criticisms have weighed on shares for more than a year, is not without risk, however.

Go to Source

New Delhi targets older diesel vehicles to clear up choking smog

Commuters make their way amidst smog on a flyover in New DelhiBy Sanjeev Miglani NEW DELHI (Reuters) – Authorities in New Delhi began revoking licenses for thousands of older diesel vehicles on Tuesday and halted construction work on the underground rail network, as air pollution remained several times over the safety limit. India&;s Supreme Court, which has in the past led the drive to clean up the city&039;s air, ordered the Delhi administration to report back in two days with a plan to combat the worst smog in 17 years. Licenses given to diesel-powered vehicles more than 15 years old are being withdrawn, which would lead to the removal of 200,000 vehicles from the city&039;s roads, Delhi lieutenant governor Najeeb Jung&039;s office said in a statement earlier in the day.

Go to Source

Delhi under cloud of smog, considers traffic measures to ease pollution

Black kites perch on an electricity pylon amid heavy smog in DelhiBy Sanjeev Miglani NEW DELHI (Reuters) – A million school children were forced to stay at home, thousands of employees reported sick and long queues formed outside shops selling face masks on Monday as New Delhi struggled with its worst pollution for nearly 20 years. The Indian capital&;s government was considering whether to bring back a scheme to reduce traffic, a minister said on Monday, as air pollution remained many times above what are considered to be safe levels for a second week. New Delhi&039;s streets were shrouded in a heavy gray haze of smoke, ash and other pollutants, and residents complained of breathlessness, watering of eyes, aggravated coughs and wheezing.

Go to Source

1 15 16 17 18 19 125