U.S. states accuse 26 drugmakers of generic drug price fixing in sweeping lawsuit

Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices. The lawsuit accused Novartis’ Sandoz unit, Teva Pharmaceuticals’ Actavis unit, Mylan, Pfizer Inc and other drugmakers of conspiring to rig the market between […]

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Air Canada CEO urges Trudeau’s government to relax travel curbs

Air Canada Chief Executive Officer Calin Rovinescu on Thursday urged the Canadian government to relax travel restrictions as they have been hurting the company’s sales. Rovinescu called the government’s curbs on travelers “disproportionate” as the COVID-19 pandemic was easing in many parts of the country, the report said. “Enable us to do some reasonable amounts […]

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Latin America must restart air travel by July to avoid bankruptcies: trade group

Latin American countries should quicken steps for airlines to renew domestic flights no later than July before more companies are forced to declare bankruptcy or close, a high-ranking official of the International Air Transport Association (IATA) said on Thursday. The trade group estimated losses for airlines in Latin America at $4 billion this year, with […]

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Google sues Sonos, escalating wireless speaker battle amid trade panel probe

Google filed a lawsuit accusing home speaker maker Sonos Inc (SONO.O) of infringing five of its patents, escalating tensions between the partners that have already led to a U.S. International Trade Commission probe. In a complaint filed on Thursday in San Francisco federal court, Google accused Sonos of using “substantial volumes” of its technology without […]

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LATAM Airlines bondholders in talks to supply up to $1.5 billion loan, sources say

A group of bondholders of LATAM Airlines Group SA (LTM.SN) is in talks to supply up to $1.5 billion in a debtor-in-possession loan within the Chapter 11 proceeding in the United States, two people with knowledge of the matter said on Thursday. Bondholders including Blackrock Inc (BLK.N), Australia’s Macquarie Group (MQG.AX), HSBC (HSBA.L) and Chile’s […]

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