• The BBC reports that three former Tesco executives - Christopher Bush, who was managing director of Tesco UK, Carl Rogberg, who was UK finance director, and John Scouler, who was UK food commercial director - have pleaded not guilty of "abuse of position" and fraud. The case that goes back to Tesco's 2014 accounting scandal, in which the company was accused of overstating revenue and understating costs.
The trial of the three men is scheduled for September.
• Reuters reports that "the largest U.S. retail pharmacies, including Wal-Mart Stores Inc and Walgreens Boots Alliance Inc, are wielding more leverage when buying generic drugs, accelerating a decline in prices likely to affect drug companies for some time, industry experts said on Thursday. That pressure is exacerbated by efforts from U.S. health regulators to speed approval of copycat drugs, industry sources said.
The trial of the three men is scheduled for September.
• Reuters reports that "the largest U.S. retail pharmacies, including Wal-Mart Stores Inc and Walgreens Boots Alliance Inc, are wielding more leverage when buying generic drugs, accelerating a decline in prices likely to affect drug companies for some time, industry experts said on Thursday. That pressure is exacerbated by efforts from U.S. health regulators to speed approval of copycat drugs, industry sources said.
- KC's View:
