Ryan: Obamacare repeal to have transition time, replacement

Ryan holds a news conference at the U.S. Capitol in WashingtonWASHINGTON (Reuters) – U.S. House Republicans&; efforts to repeal Obamacare will include a "stable transition period" as well as a plan to replace President Barack Obama&039;s signature health care law, House Speaker Paul Ryan told reporters on Tuesday. Ryan, speaking at a press conference, said House lawmakers will pass whatever they can on a health care replacement plan through the reconciliation and budget bill, then use a regular legislative process for additional measures. (Reporting by Lisa Lambert; Writing by Susan Heavey)

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Japan’s Takeda to buy U.S. cancer drug maker Ariad in $5.2 billion deal

Logos of Japanese Takeda Pharmaceutical Co are seen at an office building in GlattbruggJapan&;s Takeda Pharmaceutical Co Ltd said it would buy cancer drug maker Ariad Pharmaceuticals Inc in a deal valued at $5.20 billion, to beef up its oncology pipeline. Takeda — which in September revealed it was scouting for multi-billion dollar acquisitions to reduce its dependence on domestic sales — agreed to pay $24 for each Ariad share, a premium of about 75 percent to its Friday close. Takeda&039;s top-selling blood cancer drug Velcade is expected to face generic competition this year and other key products go off patent from 2020.

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