Pricing Financial News

Glenmark Pharmaceuticals said it has entered into a pact with the US Department of Justice, Antitrust Division (DOJ) to resolve court proceedings related to the pricing of a drug. US-based Glenmark Pharmaceuticals Inc, a subsidiary of the company, has entered into a three-year deferred prosecution agreement with DOJ involving historical pricing practices by former employees relating to the generic drug pravastatin between 2013 and 2015, the Mumbai-based drug maker said in a regulatory filing. If the company adheres to the terms of the agreement, including the payment of USD 30 million, payable in six installments, the DOJ will dismiss the pending Superseding Indictment, it added. «Glenmark is committed to being a socially and ethically responsible company.

Diamond XE, an online diamond trading platform, is aiming to tackle the challenges of transparency and credibility in the diamond industry through its virtual offerings. With an increasing trend towards lab-grown diamonds, the issues relating to transparency in pricing and intricacies of supply chains have become more significant to now be addressed. The platform is cost-free for searching, browsing, and listing, fostering a user friendly experience for all stakeholders.

drugs used for treatment of rare diseases with pharmaceutical companies including Sanofi, Sarepta and Roche to bring relief to patients who are unable get treatment due to exorbitant prices of drugs. «Discussions relating to pricing and supplies of medicines with various pharma companies are underway,» the government has informed the Delhi High Court that has been hearing a batch of petitions filed by rare disease patients and their caretakers.

Visa is under fresh investigation by the US Department of Justice over allegations it is charging retailers more for not using the payment firm's proprietary tokenization technology, Bloomberg News reported on Wednesday, citing people familiar with the matter. The DOJ's antitrust probe against Visa, which began in early 2021, is investigating if the company uses anticompetitive practices in the debit card market.

Investing.com — Visa (NYSE:V) is facing heightened scrutiny from the U.S. Justice Department over how much the payment group charges merchants for technology it uses to safeguard cardholder data, Bloomberg News reported Wednesday.

HYDERABAD : Indian pharmaceutical company Divi's Laboratories reported a 49.2% fall in quarterly profit, missing analysts' estimates, as the generic drug maker grappled with pricing pressures in key markets like the United States. The company reported a consolidated profit of 3.56 billion rupees ($42.9 million) for the first quarter ended June 30, compared to 7.02 billion rupees a year ago. Analysts, on an average, had expected a profit of 4.17 billion rupees, according to Refinitiv data.

There's plenty of young people interested in starting a career in farming. A farmer needs land, but buying land is more expensive than ever.

Nido, the childcare business led by former Think Childcare boss Mathew Edwards, has its brokers rounding up cornerstone commitments for its initial public offering ahead of a wider book-build expected to kick off in coming weeks.

Business and environmental groups are pushing Prime Minister Justin Trudeau’s government to quickly enact a program to guarantee carbon pricing revenue, or else lose out on the investments needed to reach Canada’s climate goals.

(Reuters) — Lyft (NASDAQ:LYFT) forecast third-quarter revenue and adjusted core profit above estimates on Tuesday, as it bets on cost cuts and a post-pandemic rebound in ride-sharing demand to cushion the impact of a price war with bigger rival Uber (NYSE:UBER).

CVS Health topped second-quarter expectations, but the health care giant’s profit sank as pricing pressure hurt its drugstores and a jump in care use hit the insurance side

Uber's surge pricing has once again come under scrutiny after CEO, Dara Khosrowshahi, expressed his astonishment at the exorbitant fare charged to a journalist recently. During an interview with Wired editor Steven Levy, Khosrowshahi was taken aback when shown a receipt for a 4-km trip in Manhattan, New York, which amounted to a staggering $51.69, including the driver's tip. Khosrowshahi's reaction was one of surprise, exclaiming, «Oh my God.

(Reuters) — Colgate-Palmolive (NYSE:CL) raised annual organic sales and profit forecasts on Friday, banking on price hikes and resilient demand for its self-care and pet nutrition products.

FRANKFURT (Reuters) — Roche said it had abandoned certain drug development projects or acquisitions under consideration because of planned price cuts in best-selling prescription medicines in the United States.

Spotify competes with mainly the likes of Apple Music and the rival also hiked its prices by $1 which now brings the subscription of both leading music streaming service apps to an equal. Not very surprising but Amazon, Tidal and YouTube also announced a price week recently.

Nifty 50 index and other key benchmark indices on Dalal Street, MSCI Indian index fell to the tune of 9 per cent during mid-session of Friday deals, that sparked attention of market observers and investors. However, the global index provider Morgan Stanley Capital International or MSCI claimed that the 9 per cent dip in India index was due to the incorrect security pricing during stock market's opening.

By Natalie Grover

Johns Lyng Group’s $65 million cash call to bankroll acquisitions was met with strong investor demand on Wednesday morning, with its broker JPMorgan mailing out a book-covered message an hour after launch.

Woolworths and Coles have the size and clout to keep passing on shelf price inflation to shoppers, making them safe havens in the retail sector as cost-of-living pressures catch up with households – and they stop spending.

European Central Bank Chief Economist Philip Lane on Tuesday warned markets against pricing in cuts to interest rates within the next two years.

According to a new report published by Singaporean venture capital firm Foresight Ventures, the cost of decentralized file storage on blockchains such as Filecoin, Arweave, Swarm, StorJ, and Sia currently ranges from near zero to $4 per terabyte (TB) per month. This is much lower than traditional Web2 services such as Amazon Cloud or Microsoft Azure, where prices can range from $16 to $23 per TB of monthly storage.