– Three new oil developments in the Fort McMurray area could add up to 95,000 barrels of oil per day to current output, Alberta’s government said. The provincial government approved three oil sands developments, two of which involved the use of steam stimulation. Collectively, the government said the projects represent ... Read More »
U.S. Vice President Joseph Biden on Friday announced new measures to help cancer patients navigate the clinical trials process as part of the administration’s “Cancer Moonshot” initiative to speed new treatments to market. In a statement released ahead of a planned speech at Rice University in Houston, Biden said clinical ... Read More »
The U.S. Department of Justice asked Deutsche Bank, Germany’s biggest lender, to pay $14 billion to settle an investigation into the sale of residential mortgage-backed securities. The company said it has “no intent” to pay the huge sum tied to the bank’s sale of mortgages between 2005 and 2007 and ... Read More »
Michigan automaker General Motors said it set a goal of getting all of its power across its entire global sector of operations from renewable energy by 2050. “This pursuit of renewable energy benefits our customers and communities through cleaner air while strengthening our business through lower and more stable energy ... Read More »
– Finding more oil and natural gas in mature areas of the North Sea confirm the staying power of operations in Norwegian waters, an explorer said. The exploration and production subsidiary of French energy company ENGIE said itmade a discovery near the existing Gjoa field in the Norwegian waters of ... Read More »
Valeant Pharmaceuticals International Inc said its discount and rebates program for two high-priced heart drugs would cover over 90 percent U.S. hospitals once it had finalized the last of the 14 group purchasing organizations. Valeant’s statement comes after Bloomberg reported that some medical centers had yet to see a cent ... Read More »
A natural gas pipeline in Morocco, interrupted by seismic activity, has been completed and related production has resumed, a company said Friday. Circle Oil said in a statement it was “pleased to announce the completion of gas pipeline repairs in Morocco.” The company, which has its headquarters in Ireland, temporarily ... Read More »
Novartis’s investigational multiple sclerosis drug cut the risk of disability progression in patients with a tough-to-treat form of the disease versus a placebo, the Swiss company said on Saturday, citing a new analysis of a late-stage trial. Novartis is testing BAF312 against secondary progressive multiple sclerosis (SPMS), which includes patients ... Read More »
Russia is to build a special complex dedicated entirely to preparing special forces that will be able to take decisive action in the event of a terrorist attack. According to Yulia Plavinskaya, communications director at the future International Training Center for the Special Forces, the private center will be built ... Read More »
The Russian Central Bank said Friday it was lowering its key rate because of the potential for slow economic growth and oil priced around $40 per barrel. For the first time since June, the bank said it lowered its key rate by a half percent to 10 percent, saying it ... Read More »
Unilever PLC is in talks to acquire Honest Company, the consumer products company founded by actress Jessica Alba, sources close to the negotiations said. Unilever, a multinational consumer goods company headquartered in London, is offering a deal valued at over $1 billion, but less than the $1.7 billion valuation that ... Read More »
A 17-year-old has committed doctor-assisted suicide in Belgium, the first minor to do so under rules adopted in 2014 allowing euthanasia for people of all ages, the head of the national committee for euthanasia said on Saturday. Wim Distelmans, who chairs Belgium’s Federal Control and Evaluation Committee on Euthanasia, told ... Read More »
