Today in Science
Asian stocks declined, with the regional benchmark index retreating from a seven-week high, after a drop in China’s imports underscored headwinds to global growth from the world’s second-largest economy.
Ken Koe, a Pfizer Inc. chemist who co-invented Zoloft, which once was the most-prescribed antidepressant drug in the U.S., has died. He was 90.
Angus Deaton of Princeton University was awarded the 2015 Nobel Prize in Economics for his detailed analysis and measurement of consumer spending and global poverty.
Monsanto Co.’s undisclosed recruitment of scientists from Harvard University, Cornell University and three other schools to write about the benefits of plant biotechnology is drawing fire from opponents.
Chinese stocks in Hong Kong rallied, rebounding from the biggest quarterly loss in four years, as trading resumed after a holiday and the government stepped up targeted support for the economy.
The New Space Race
Merge Healthcare Inc., purchased by IBM for $1 billion in a deal completed Tuesday, received a warning letter from U.S. regulators about the potential dangers of software that monitors patients during heart procedures and a system that archives medical images.
Johnson & Johnson executives, embarking on a $10 billion share buyback program, emphasized Tuesday they still have the cash and the appetite for deals.
The first $100 billion-plus deal of 2015 is here.
Johnson & Johnson beat analysts’ estimates for third-quarter profit as a lower tax rate helped the world’s biggest maker of health-care products overcome slightly weaker-than-projected sales for key drugs such as Remicade. Gabelli & Co.'s Jeff Jonas and Bloomberg's Cynthia Koons weigh in on "Bloomberg Markets." Jonas owns no stock in J&J. (Source: Bloomberg)
The estimate of the unfunded future expenses of a trust that pays the health-care costs of more than 700,000 United Auto Workers retirees from three Detroit-area automakers widened by $16 billion last year as it changed accounting assumptions and adjusted for new projections of how long members will live.