by Jinman Li | Jul 19, 2018 | Business & Tech
WASHINGTON — When Manu Smadja and his partner founded financial technology startup Mpower Financing in 2014, the online lender was only licensed to operate in Washington, D.C., New York and Massachusetts. Like many other nonbank loan originators that aspire to...
by Yanchun (Roxanne) Liu | Jul 19, 2018 | Business & Tech, Health
WASHINGTON — Food and Drug Administration Commissioner Scott Gottlieb Wednesday blamed pharmaceutical companies for manipulating rebates to stymie competition, which blocks patients’ access to affordable copycat drugs and costs them billions in higher-cost...
by Giulia Petroni | Jul 18, 2018 | Business & Tech, Featured
WASHINGTON – The European Union will impose import tariff quotas of 25% on a number of steel products Thursday to protect the European market from the effects of the U.S. tariffs on steel and aluminum, the European Commission announced Wednesday. The provisional...
by Jinman Li | Jul 16, 2018 | Business & Tech, Featured
WASHINGTON — The U.S. needs multiple layers of regulation of the finance industry because the damage from malfunction is so much higher than the costs, a Nobel economics laureate said Monday. Joseph Stiglitz, a professor at Columbia University, who was the Nobel...
by Jinman Li | Jul 13, 2018 | Business & Tech, Featured
WASHINGTON – American businesses should be prepared for the EU and British markets to be separate, but the EU will remain a major trading partner with the U.S. despite Great Britain’s withdrawal from the EU, the EU’s chief Brexit negotiator said...
by Minghe Hu | Jul 12, 2018 | Business & Tech
WASHINGTON – California’s new law providing consumers with more protections againt data collected by Internet and other companies highlights the need for better federal data privacy laws, a senior Democratic lawmaker and several experts say. Current federal laws...
