Wal-Mart to Offer Pill-Dissolving Product to Battle Opioid Abuse

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Source: Bloomberg MarketsWal-Mart Stores Inc.,  seeking to curb opioid abuse, will offer its pharmacy customers a product that dissolves unwanted or expired prescription drugs.Customers filling a new Class II opioid prescription at any of Wal-Mart’s 4,700 U.S. pharmacies will now receive a packet of DisposeRx, a powder that -- when mixed into a pill bottle with warm water -- … [Read more...]

Mercedes Plots More SUVs After Compact Models Expand Luxury Lead

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Source: Bloomberg MarketsMercedes-Benz will respond to burgeoning demand for sport utility vehicles by expanding its lineup with more models, most likely in the fast-growing compact segment.SUVs paced an almost 10 percent jump in total sales last year, expanding the Daimler AG unit’s lead over BMW AG. Voracious appetite for the compact GLA and GLC crossovers made Mercedes the … [Read more...]

Real Estate Stays Hot in East Europe With Pre-Crisis Growth Pace

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Source: Bloomberg MarketsCommercial and industrial real-estate in eastern Europe remains attractive to developers, as the economic outlook overcomes the region’s volatile politics, according to industry executives at a conference in Vienna.“Full speed ahead,” was how Remon Vos of Czech industrial park developer CTP Invest spol s.r.o. describe the market’s potential in 2018, … [Read more...]

Duterte Decries ‘Fake News’ as Critics Warn of Media Crackdown

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Source: Bloomberg MarketsPhilippine President Rodrigo Duterte branded news website Rappler Inc. a “fake news outlet”, but denied he influenced the Securities and Exchange Commission’s order to shut down the news agency known to be critical of his government.“You can stop your suspicious mind from roaming somewhere else. But since you are a fake news outlet then I am not … [Read more...]

India Cuts Planned Extra Borrowing to $3.1 Billion; Bonds Climb

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Source: Bloomberg MarketsIndia will cut planned additional borrowing for the current fiscal year to 200 billion rupees ($3.13 billion) from 500 billion rupees, Economic Affairs Secretary Subhash Garg said in a Twitter post Wednesday.The move comes less than a month after the government announced extra bond sales in a bid to maintain its spending as revenues slowed in the $2.3 … [Read more...]

Washington State Quarterback Tyler Hilinski Found Dead

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Source: Bloomberg MarketsPullman, Wash. (AP) -- Washington State quarterback Tyler Hilinski has died from an apparent self-inflicted gunshot wound.The 21-year-old Hilinski was discovered in his apartment after he didn't show up for practice Tuesday. A rifle "was recovered next to Hilinski and a suicide note was found," according to the Pullman Police Department."We are deeply … [Read more...]

Party Far From Over as Graphite Maker Rallies More Than Bitcoin

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Source: Bloomberg MarketsA staggering rally in the shares of Indian graphite electrode producer HEG Ltd. shows no sign of losing steam as global shortages persist amid increasing demand from European steelmakers.A cut in electrode production capacity in the past few years and a dearth of needle coke, the raw material used to make them, have reduced supplies, while a slump in … [Read more...]

Damac Chief Says Ready to Sell 15% of His Stake at Right Price

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Source: Bloomberg MarketsHussein Sajwani, the billionaire whose Damac Properties Dubai Co. is developing Donald Trump-branded golf courses in Dubai, would be “more than happy” to sell as much as 15 percent of his majority stake in the company to boost the trading in its shares.“The intention is there,” the Damac chairman said in an interview at his seafront residence on The … [Read more...]

Thai Court Drops Royal Insult Charges Against Academic

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Source: Bloomberg MarketsBangkok (AP) -- A Thai military court on Wednesday dropped royal insult charges against an 84-year old historian who questioned whether a Thai king had actually defeated a Burmese adversary in combat on elephant-back over 500 years ago.Sulak Sivaraksa was charged in October under the draconian lese majeste law that protects the monarchy from libel and … [Read more...]

Morgan Stanley Says Asian Airport Stocks May Be Set to Take Off

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Source: Bloomberg MarketsAsian airport operators’ earnings, and their share prices, may be ready to take off.Rising wealth, improving connectivity and social media penetration will spur spending on international air travel, Morgan Stanley analysts including Daniel Lau wrote in a research report on Jan. 16. Operating profit growth for airports under the firm’s coverage will pick … [Read more...]