Benefits of lobbying evident for small drugmaker

Tucked in the massive congressional budget bill is a provision that props up the price Medicare pays for a handful of medications, costing taxpayers millions at a time when the Trump administration is vowing to reduce the cost of prescription drugs.

Puerto Rico rejects pension cuts sought by federal board

Puerto Rico government officials say they will not bow to demands from a federal control board overseeing the island's finances that they implement cuts to a struggling public pension system as part of an upcoming fiscal plan to help pull the U.S. territory out of an economic crisis.

Business Highlights

___ Stocks tumble on trade fears; S&P has worst week in 2 years NEW YORK (AP) — Global stocks sink as fears about trade conflict between the U.S. and China send the S&P 500 to its worst week in two years.