A Billionaire Pledges to Fight High Drug Prices, and the Industry Is Rattled

HOUSTON—Billionaire John D. Arnold is spending a chunk of his fortune to campaign against America’s high drug prices. The drug industry is spending a chunk of its fortune to counter him. Mr. Arnold is the biggest single spender on his side of the battle. He made his money placing bets on price swings in the…

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The for-profit bail bond industry is at war — and losing

This week, California became the first state to abolish cash bail — a major setback for the largely unregulated bail bond industry, which is only legal in the U.S. and Philippines. The big picture: If a criminal defendant can’t afford their bail, they are left with two choices — go to jail while awaiting trial,…

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Amazon Just Found a New Industry to Disrupt

Today’s Agenda This is Amazon now, basically. Photographer: Keystone/Hulton ArchiveAmazon Rx Amazon.com Inc.’s long-awaited invasion of the pharmacy business has begun. Amazon today said it was buying mail-order drug-seller PillPack for an undisclosed sum, ending many months of speculation and anxiety in the health-care business that Amazon, Destroyer of Industries, was coming for drugstores next. Turns out it…

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Zimbabwe’s crocodile industry rises against the tide

Binga, Zimbabwe – Basking in Zimbabwe’s northern Zambezi Valley, the Nile crocodile, Africa’s largest freshwater predator, is at ease in this hot and humid habitat. Less comfortable, however, are the reptile farmers of Zimbabwe, who are dealing with increasing regional competition and challenges getting their products to market. They are calling for government reforms to allow them…

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After Weeks of Mayhem, U.S. Throws Lifeline to Aluminum Industry

After two weeks of convulsions caused by U.S. sanctions against United Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica. Then on Monday, the U.S. Treasury threw a potential lifeline by making clear…

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Blockchain Is About to Revolutionize the Shipping Industry

Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents. That last throwback to 19th century trade is about to fall. A.P. Moeller-Maersk A/S and other container shipping…

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Cyberattack ‘Wake-Up Call’ Puts Pipeline Industry in Hot Seat

A cyberattack that U.S. natural gas pipeline owners weren’t required to report has lawmakers taking a closer look at how the industry is handling such threats, raising the prospect of tighter regulation. In website notices to customers this week, at least seven pipeline operators from Energy Transfer Partners LP to TransCanada Corp. said their third-party…

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