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Licensing deal to boost HIV drug access
US pharmaceutical giant Gilead Sciences and an NGO called the Medicines Patent Pool announced a deal on Tuesday aimed at boosting access to HIV drugs in poorer countries through generic manufacturing. The HIV medicines tenofovir and emtricitabine, as well as two drugs that are still in clinical development, cobicistat and…
Murdoch fights to save BSkyB deal amid hacking row
Media baron Rupert Murdoch fought to keep his bid for satellite broadcaster BSkyB alive on Monday, with the British government consulting watchdogs amid calls for their decision to be shelved. Murdoch has flown into London to take personal charge of the phone-hacking scandal that caused the demise of the 168-year-old…
Obama calls more talks to break U.S. debt impasse
US President Barack Obama convened a second consecutive day of crisis national debt talks Monday, but a polarized Washington appeared far from a deal to stave off a catastrophic default. Obama met Sunday evening with congressional leaders, including Republican House Speaker John Boehner, but 75 minutes of talks failed to…
Obama, lawmakers meet for 75 minutes on debt impasse
WASHINGTON (Reuters) – President Barack Obama sought on Sunday to break an impasse with Republicans on how to cut the deficit and avert a debt default in an unexpectedly brief meeting at the White House. The president’s gathering with leaders of both parties came a day after Republicans shied away…
Obama hosts high-stakes debt talks
President Barack Obama kicked off high-stakes talks with his Republican foes at the White House Sunday, seeking an elusive deal to stave off a potentially catastrophic US debt default. Attendees at the crunch meeting included House Speaker John Boehner and Republican Senate leader Mitch McConnell as well as top Democrats,…
Boehner backing down off $4 trillion figure for debt reduction
WASHINGTON (Reuters) – An effort to craft a broad deal of up to $4 trillion in deficit-reduction appeared out of reach on Saturday as Republican leader John Boehner cited differences with the White House on taxes and proposed pursuing a more modest package. “Despite good-faith efforts to find common ground,…
Obama: political sacrifices needed for debt deal
WASHINGTON (Reuters) – President Barack Obama said on Saturday political sacrifices will be needed by both Democrats and Republicans to break a budget impasse and avoid a looming debt default. Under pressure to reduce America’s 9.2 percent jobless rate, Obama used his weekly radio and Web address to vow to…
Obama calls for next round of debt talks Sunday
President Barack Obama called for new negotiations to try and avert a US debt default, warning the two sides were still “far apart” on a range of issues. “We’ll hopefully be in a position to then start engaging in the hard bargaining that’s necessary to get a deal done,” Obama…
Twitter valued at $8 billion
The US micro-blogging website Twitter is gaining value and is now worth an estimated $8 billion, the New York Times reported Friday. The newspaper, citing two people briefed on the matter, said the popular website is in the process of raising $400 million in a deal that has provided the…
Obama puts Social Security, Medicare cuts on the table
WASHINGTON (Reuters) – After weeks of impasse, President Barack Obama and top congressional leaders are aiming for “something big” as they resume budget talks on Thursday to avert an imminent default. With Republicans showing new flexibility on taxes, Democrats say Obama will push negotiators to double their target to $4…
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