World Business Report

U.S. pharmaceutical lobby group PhRMA has said that it would launch a new website in January to help patients buy prescription drugs directly from manufacturers, bypassing pharmacies. This comes after a deadline set by President Trump, asking the big pharmaceutical companies to voluntarily lower their prices. Gideon Long will hear from two patients about the struggles they face paying their medical bills. And one of the world’s biggest video game publishers, Electronic Arts, is being taken into private ownership in a record-breaking leveraged buyout. A Saudi-backed fifty-five billion dollar purchase values the California-based firm at a twenty-five per cent premium to its closing New York share price on Friday. (File photo: Abiraterone acetate cancer drug (AA250). Tablet of the prostate cancer drug abiraterone acetate, marketed under the name Zytiga.)