Amgen, Astellas to Pay $125 Million to Settle Kickback Claims

Amgen and Astellas Pharma's U.S. unit have agreed to pay a total of $125 million to resolve kickback allegations that they violated federal law by using charities to pay for Medicare patients' out-of-pocket costs for the companies' own drugs.

 
Verizon Pauses Plans to Charge for 5G

The carrier is holding off for now on plans to charge an extra $10 a month for faster 5G smartphone service, after some analysts criticized its limited scope. Verizon had said earlier that it would impose the fee after three months.

 
Alibaba's Taobao.com Stays on  'Notorious Markets' List

U.S. trade officials acknowledged steps by China's Alibaba to curb the sale of counterfeit goods on its Taobao.com platform but left the e-commerce site on its "notorious markets" list.

 
Facebook Probe Found Major Shortcomings in Privacy Protection, Watchdog Says

Canada's privacy watchdog said a probe found Facebook broke the country's privacy laws and failed to protect Canadians' personal information, and will go to court to force the social-media company to fix the deficiencies.

 
Microsoft Hits $1 Trillion Market Value for First Time

Shares of Microsoft topped the $130.50 value needed to give the company a market value of $1 trillion, joining Apple and Amazon.com as the only U.S. companies to ever reach that mark.

 
Southwest's MAX Groundings Cut Flight-Capacity Growth

Southwest Airlines Co. said the grounding of its Boeing Co. 737 MAX planes will cut flight-capacity growth and push up costs in the coming months. The airline said it expects to expand its flight capacity by between 2% and 3% this year, compared with growth of as much as 5% previously.

 
Carlos Ghosn Leaves Jail Again

Former Nissan Motor Chairman Carlos Ghosn left a Tokyo jail late Thursday after being granted bail by a court in Tokyo, agreeing to strict conditions such as not contacting his wife unless the court approves.

 
Eli Lilly to Pull Cancer Drug From Market After Failed Study

Eli Lilly plans to withdraw its cancer drug Lartruvo from the market after a study showed that it failed to prolong overall survival in a clinical trial.

 
Deutsche Bank and Rival Commerzbank End Merger Talks

Banking giant Deutsche Bank and crosstown rival Commerzbank ended merger talks, leaving in tatters the German government's hope create a banking powerhouse.

 
Altria Net Falls 40% on Smaller Revenue, Bigger Expenses

Altria Group reported a 40% drop in net income for the latest quarter, as revenue declined and it booked several charges related to its expansion efforts.

(END) Dow Jones Newswires

April 25, 2019 13:15 ET (17:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.