Faster approvals could deliver a revenue hike in coming years to Pfizer Inc., AstraZeneca Plc, GlaxoSmithKline Plc and other multinationals that are expanding there.
A Purchasing Managers Index for the European manufacturing industry rose to 58.1 in September from 57.4 in August — the highest level in more than six and a half years.
“Even our closest allies must play by the rules,” U.S. Commerce Secretary Wilbur Ross said in announcing the decision.
The Canadian manufacturer risks being jilted by Germany’s Siemens AG, which is now exploring a rail-equipment deal with Alstom SA of France after months of talks.
California requires automakers to sell electric and other non-polluting vehicles in proportion to their market share — and if they don’t sell enough, they have to purchase credits from competitors to make up the difference. Not many folks are happy.
Overhauling the tax system is the “single most important" thing on the administration’s agenda.