AP National Business

By TOM MURPHY AP Health Writer Biogen is slashing the price of its Alzheimer’s treatment months after the drug debuted to widespread criticism for an initial cost that can reach $56,000 annually. The drugmaker said Monday that starting in January it will cut the wholesale acquisition cost of the drug by about 50%. That means

By MATT O’BRIEN AP Technology Writer MANCHESTER-BY-THE-SEA, Mass. (AP) — When Microsoft urges shareholders to reject an activist investor’s proposal, shareholders almost always abide. So it was a shock when nearly 78% of shareholders at Microsoft’s Nov. 30 annual meeting voted to demand accountability from the company in responding to sexual harassment complaints, including allegations

By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — The jurors now responsible for assessing 11 charges of fraud and conspiracy against former Theranos CEO Elizabeth Holmes are scheduled to begin their first full day of deliberations on Monday. They have plenty of evidence to review after a three-month trial that captivated Silicon

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — The European Union’s executive commission has authorized a fifth COVID-19 vaccine for use in the 27-nation bloc Monday. It gave the green light Monday to the two-dose vaccine made by U.S. biotech company Novavax. The commission confirmed a European Medicines Agency recommendation to grant conditional

ANKARA, Turkey (AP) — The Turkish currency has reached another record low against the U.S. dollar after President Recep Tayyip Erdogan stood firm on his policy to lower interest rates despite rising consumer prices. The lira tumbled to an all-time low of 18.25 against the dollar Monday. The Turkish currency has depreciated by nearly 60%

GENEVA (AP) — The World Economic Forum is again delaying its much-ballyhooed annual meeting of world leaders, business executives and other elites in Davos, Switzerland, amid new uncertainties about the omicron variant of the coronavirus. The forum, which repeatedly delayed, moved and finally canceled last year’s event, says the previously planned Jan. 17-21 gathering in

SOFIA, Bulgaria (AP) — Leaders of Bulgaria and Greece have discussed bilateral cooperation in the energy sector, with an emphasis on reducing their reliance on Russian gas through the speedy completion of a gas interconnector linking the neighboring countries. Greek Prime Minister Kyriakos Mitsotakis met with his Bulgarian counterpart, Kiril Petkov, and the country’s president,

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Retailers expect record-breaking sales for the holiday shopping season, but low-income customers are struggling as they bear the brunt of the highest inflation in 39 years. The government’s report last week that consumer prices jumped 6.8% over the past year showed that some of the

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s parliament on Monday approved a record extra budget of nearly 36 trillion yen ($317 billion) for the fiscal year through March to help pandemic-hit households and businesses. The budget includes 100,000 yen ($880) payouts to families with children 18 or younger and a 2.5 million yen

COPENHAGEN, Denmark (AP) — A suspected pirate wounded during an exchange of gunfire last month with the Danish navy off West Africa has been transferred to a hospital in Ghana. Four other suspected pirates were killed and three others are in custody after the Nov. 24 incident. The Danish frigate HDMS Esbern Snare was sailing

The Associated Press General Mills serves up its quarterly results Tuesday. The National Association of Realtors issues its November tally of U.S. home sales Wednesday. The Commerce Department delivers its monthly snapshot of consumer spending Thursday.

By LISA MASCARO, ALAN FRAM and HOPE YEN Associated Press WASHINGTON (AP) — Sen. Joe Manchin has all but delivered a death blow to President Joe Biden’s $2 trillion domestic initiative. Saying he can’t support the package, the West Virginia Democrat has single-handedly thrown his party’s agenda into jeopardy. Furious colleagues are desperate to salvage

By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — YouTube TV began restoring access to Disney content after a dispute between the companies led to an interruption of service. YouTube told viewers they were restoring service so customers could once again watch networks provided by Disney. That includes ESPN, FX, National Geographic and local

By ALAN FRAM and HOPE YEN Associated Press WASHINGTON (AP) — Sen. Joe Manchin says he can’t back his party’s signature $2 trillion social and environment bill. That would deal a seemingly fatal blow to President Joe Biden’s leading domestic initiative. The West Virginia senator said on “Fox News Sunday” that after months of negotiations,