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Obama1-012915.jpg President Barack Obama will travel to Philadelphia on Thursday to meet with House Democrats and outline his budget proposal that includes rolling back the budget cuts known as sequestration.
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img5-012915.jpg After more than two weeks of debate, the Senate voted Thursday to pass legislation authorizing construction of the Keystone XL oil pipeline. The Senate voted 62 to 36 in favor of the bill, with nine Democrats joining with Republicans to approve the legislation.
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The FDA has issued its approval to a new skin care drug called Cosentyx (secukinumab) aimed at treating plaque psoriasis. The condition is an autoimmune disorder that causes itchy, irritated skin and is most common in adults aged 15 to 35. The new drug works by binding to a protein called interleukin (IL)-17A. In doing so, it prevents that protein from reaching its receptor.
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Swiss security products maker Tyco International Ltd. (TYC) Friday said first-quarter profit declined from the prior year, amid a marginal drop in revenues due to adverse currency. However, adjusted earnings met expectations and organically, revenue grew. Further, the company lowered its earnings outlook for the year, to reflect a strong U.S. dollar.
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The American economy is growing and creating jobs at the fastest pace since 1999, President Barack Obama said in his 2015 State of the Union Address Tuesday. The shadow of crisis has passed, and the State of the Union is strong, the president noted.
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