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President Joe Biden on Thursday called on U.S. lawmakers to enact legislation aimed at lowering drug prices, including allowing Medicare to negotiate drug prices and imposing penalties on drugmakers that hike prices faster than inflation.

The Democratic-controlled U.S. Senate on Tuesday passed a massive infrastructure bill and immediately kicked off debate on a $3.5 trillion spending blueprint for President Joe Biden's key priorities on climate change, universal preschool and affordable housing.

Assicurazioni Generali’s (GASI.MI) lowball first shot at a Dutch asset manager looks likely to miss. The 27 billion euro Italian insurer submitted a non-binding offer for NN Group’s (NN.AS) asset management business, known as NN Investment Partners, at around 1.5 billion euros .

Jonathan Stempel 3 minute read Leon Black is pictured here in Beverly Hills, California, U.S. May 1, 2018. REUTERS/Lucy Nicholson Leon Black, the billionaire who until recently had led private equity firm Apollo Global Management Inc (APO.N) for more than three decades, was sued on Tuesday by a woman who accused him of defamation and subjecting her to sexual violence. Guzel Ganieva said Black lied by denying her March 17 accusations on Twitter that he had "sexually harassed and abused" her "for years," when he told news media in April he had "foolishly had a consensual affair" with her and th...

Germany's Finance Ministry said on Monday it plans to reform the taxation of pensions after September's federal election, responding to the federal fiscal court's demand for an overhaul to avoid the double taxation of future retirement savings.