Editor's Note: Many of you noted that the price for a 10-pound bag of potatoes cited in the lawsuit seems ridiculously high. So we look into the matter further — you can read what we found in this follow-up post.
High-tech spying with satellites. Intimidation. Price fixing.
The Supreme Court sided with government regulators in an important case involving the pharmaceutical industry and patent law. At issue were contracts between "brand-name" pharmaceutical companies and "generic" producers in which the brand-name company paid the generic not to compete. The court said the Federal Trade Commission could challenge such contracts.
When the maker of a brand-name drug pays a maker of generic drugs to not produce a lower-priced version of their product, the Federal Trade Commission can challenge the arrangement on antitrust grounds, the Supreme Court ruled Monday. The ruling may end the era of what regulators call "pay-for-delay" deals.
The justices voted 5-3 to allow a case to go forward in which the FTC is challenging one of many such deals. Several companies are involved in the case, including Solvay Pharmaceuticals, maker of AndroGel, and generic-drug maker Actavis.
We've written before about the wealth gap between whites and people of color — a divide that's only grown wider over the past half decade. And since so much of Americans' household wealth is wrapped up in homes, a significant amount of that wealth gap has been chalked up to an array of barriers to homeownership for people of color.
If economists were cheerleaders, their favorite shout-out might be: "What do we want? Growth! When do we want it? Now!"
They won't actually shout those words, but they may be thinking them as global leaders meet this week for a G-8 summit. Economists are hoping that at the gathering in Northern Ireland, leaders of eight major economies will discuss expanding global trade and investment to spur job creation.
OK, Scott just made clear economic issues have some competition for top billing at the G 8 Summit in Northern Ireland. We do, though, want to drill down into one economic question this morning, and that's why interest rates here at home are going up. The bond market has pushed them to the highest levels in 15 months, and that includes mortgage rates.
Let's turn, as we often do, to David Wessel. He's economics editor of The Wall Street Journal. David, good morning.
Boring TV is such a hit in the Scandinavian nation of Norway that broadcasters are scrambling to produce even more shows to satisfy the appetites of viewers. One idea being considered is a live show with knitting experts, according to The Wall Street Journal.
Let's look now at another change in health care, and this one has to do with paperwork. Hospitals and clinics are slowly replacing paper files with sophisticated electronic health records. But with a variety of systems in use, they often can't easily share medical information with each other, and this can be a pretty serious problem in the case of an emergency.
As Elizabeth Stawicki reports, smartphones might be one way to bridge this electronic gap.