Business

Economies of other nations are affected when Federal Reserve raises short-term interest rates

Economies of other nations are affected when Federal Reserve raises short-term interest rates

John Williams, president of the Federal Reserve Bank of San Francisco, has remained majorly positive until now this year about the US economy. But now, when it has to be seen whether or not to raise short-term interest rates at the policy meeting next week, Williams has to see many factors.

USDA Promotional Programs under scrutiny

USDA Promotional Programs under scrutiny

The egg industry is under scrutiny for its promotional board as it has apparently waged a campaign with a motive to hurt sales of an eggless imitation mayonnaise. The Associated Press provided email documents according to which, the American Egg Board put in efforts to prevent Whole Foods grocery stores from selling Hampton Creek's Just Mayo spread.

Novartis kicks off new era in the US by launching 'biosimilar' drug

Novartis kicks off new era in the US by launching 'biosimilar' drug

On Thursday, Novartis kicked off a new era in the US medicine by launching the first ‘biosimilar’ copy of a biotechnology drug approved in the United States, after a US appeals court gave green light to it. Novartis unit Sandoz said that the drug named Zarxio is a kind of Amgen's white blood cell-boosting product Neupogen.

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