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EU outlines its plan to equalize drug access and lower prices

A molecular biologist examines wastewater samples for pathogens in the safety laboratory at the Max Delbrück Center for Molecular Medicine in Mitte. Picture Alliance | Picture Alliance | Getty Images The European Union on Wednesday launched its long-awaited overhaul of existing pharmaceutical legislation, reflecting the bloc’s biggest shake-up of laws …

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BP to face shareholder revolt after climate strategy U-turn

BP, which was one of the first energy giants to announce an ambition to cut emissions to net zero “by 2050 or sooner,” has urged shareholders to oppose the resolution put forward by Follow This. Sopa Images | Lightrocket | Getty Images BP is bracing itself for a shareholder revolt …

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Britain blocks Microsoft acquisition of Activision Blizzard

An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into the Microsoft’s Xbox One video game console arranged in Denver, Colorado, on Wednesday, Jan. 19, 2022. Michael Ciaglo | Bloomberg | Getty Images LONDON — Britain’s top competition regulator on Wednesday moved to block Microsoft‘s acquisition of …

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EU names companies set to face tougher regulatory scrutiny

Apple and Amazon feature Europe’s list of very large platforms, meaning they face closer scrutiny from regulators. Sopa Images | Lightrocket | Getty Images Amazon, Apple and 17 other tech giants feature in the European Union’s list of “very large” online platforms or search engines — meaning they face stricter …

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United plans to expand Australia, New Zealand flights 40%

A United Airlines Boeing 777-200 lands at San Francisco International Airport, San Francisco, California. Louis Nastro | Reuters United Airlines is planning to grow its service to Australia and New Zealand later this year, the carrier’s latest bet that travelers will continue to book international trips. The expansion to 66 …

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EU will issue fresh wave of sanctions on Russia, official says

The European Union will launch an 11th wave of sanctions on Russia and seek to crack down on efforts to evade economic penalties introduced in the wake of its full-scale invasion of Ukraine, a top EU official told CNBC Thursday. “Europe has rolled out 10 packages of sanctions. We will …

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Climate scientists are far from convinced

The United Nations Environment Program, the world’s leading voice on the environment, said in late February that far more research into the risks and benefits of SRM would be required before there can be any consideration for its potential deployment. David Gannon | Afp | Getty Images Billionaires including Bill …

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Emmanuel Macron’s pension reform is supporting Marine Le Pen

French President Emmanuel Macron. Ludovic Marin | Afp | Getty Images President Emmanuel Macron’s controversial pension overhaul, pushed through by overriding the country’s parliament, could eventually erase what the French leader has been working for over the last six years, political analysts told CNBC. Macron has placed himself as a …

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A ‘Big Short’ investor sees disaster brewing in housing markets

An aerial view shows a flooded neighborhood in the unincorporated community of Pajaro in Watsonville, California, on March 11, 2023. Josh Edelson | Afp | Getty Images More than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a “Big Short” investor once again sees …

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