The U.S. and Europe announced this week they are willing to adopt the harshest economic sanctions yet on Russia. This decision was made a day after the leaders of Germany, Britain, France and Italy agreed with President Obama that additional action was imperious as a result of the Russian forces buildup along the border with Ukraine. This action was decided Tuesday during a joint … [Read more...]
U.S. pending home sales rise less than expected in April
32 percent of closed April sales according to the NAR, investors are slowing their purchases and leaving mortgage-dependent buyers to pick up the slack. The housing sector has raising concerns, as the rise in the ending home sales in April in the U.S. was less than than the expectations. The gain rate was expected to be 1% but according to a report, the National Association of Realtors … [Read more...]
FDA’s no to wider use of Johnson & Johnson’s Xarelto drug
In a major setback to drug maker Johnson & Johnson, the US Food and Drug Administration has rejected its drug application for a third time. The firm has sought permission from the agency to expand use of the blood thinner Xarelto to reduce dangerous blood clots and related problems in patients with coronary artery disease. But much to the disappointment for the company, the FDA rejected its … [Read more...]