Express Scripts, which will no longer offer Harvoni, manages pharmacy benefits for about 85 million people in the US

Gilead Sciences may finally be forced to offer a lower price for its $94,500 hepatitis C drug. The biotechnology company could have no choice but to n(...)

An office worker watching the FTSE 100, which slumped by another 2 per cent today as fears over the global economy triggered another bleak session for volatile stock markets. Photograph:  PA Wire

US stocks recovered from early losses as St. Louis Federal Reserve Bank President James Bullard said policy makers should consider delaying the end of(...)

The very Shire executives who baulked at the original acquisition proposal are demanding Abbvie follow through on its takeover while Abbvie is widely expected to withdraw a recommendation to its own shareholders to back the deal when its board meets on Monday.  Photograph: Aidan Crawley/Bloomberg

Cantillon: US biopharmaceuticals group Abbvie is in danger of proving the Obama administration and its truculent Congress right. Its increasing reluct(...)

Dublin-headquartered Shire stands to be paid a break-up fee of about $1.64 billion if Abbvie’s shareholders vote against the deal

US pharmaceutical company AbbVie has recommended that shareholders vote against its $55 billion takeover of Dublin-headquartered Shire in the wake of(...)

 Enda Kenny said Ireland was a place where “real companies employ very significant numbers of people”.

Ireland is “not a brass-plate location” for companies moving their residency for tax purposes and the Government has told the US it has never been a(...)



Tim Hortons employees prepare coffee before the company’s annual general meeting in Toronto. Burger King Worldwide is in talks to acquire Tim Hortons. The combined company would be headquartered in Canada, where Tim Hortons is based and taxes are generally lower than in the US. Photograph: Peter Jones/Reuters
Inversion express slow to crawl

President Barack Obama’s full- throated denunciation of overseas mergers that lower US companies’ taxes is throwing cold water on potential deals. On (...)

Burger King is in merger talks with Canadian chain Tim Hortons. If the proposed merger goes ahead the new company would be the world’s third largest fast food chain. According to reports the company plans to be based in Canada to avoid paying US taxes, a so called tax inversion deal. Photograph: FACUNDO ARRIZABALAGA/EPA

Burger King Worldwide is negotiating to buy Canadian coffee and doughnut chain Tim Hortons and relocate its base to the US neighbor, where corporate t(...)



 To woo Shire, the US biopharmaceutical  company AbbVie trod cautiously in takeover bid. Photo: Bloomberg

Susan Kilsby had not been chairwoman of the drugmaker Shire for even a week when she received an office call that would set off a frenzied trans-Atlan(...)