At the JP Morgan Healthcare Conference in San Francisco today, AbbVie CEO Richard Gonzalez vowed to keep drug price increases below 10%. AbbVie is joining Allergan and Novo Nordisk in setting a ceiling on price increases.
Talk about timing: Gonzalez spoke after Trump took slugs at the pharmaceutical industry during his press conference. AbbVie shares, along with the rest of the pharmaceutical industry, fell sharply--AbbVie ended up down 3.6%
Illustration: Sarah Grillo/Axios
Illustration: Annelise Capossela/Axios
Other nations are catching up to U.S. capabilities in space, potentially putting American assets in orbit at risk.
Why it matters: From GPS to imagery satellites and others that can peer through clouds, space data is integral to American national security.
Photo: Anwar Amro/AFP via Getty Images
A major explosion has slammed central Beirut, Lebanon, damaging buildings as far as several miles away and reportedly injuring scores of people.
Driving the news: The cause of the explosion is unknown, as are details of possible deaths and injuries.