Bloomberg World

The US Supreme Court let stand a $194 million award against Eli Lilly & Co. in a whistleblower suit accusing the company of engaging in Medicaid fraud by misreporting its drug prices.

The US Supreme Court turned away appeals from six pharmaceutical companies seeking to topple the Medicare drug price negotiation program that’s led to billions of dollars in discounts on top-selling treatments.

President Donald Trump moved to drop his $10 billion lawsuit against the Internal Revenue Service over the 2019 leak of his tax information.

Germany is seeking to invest €10 billion ($11.6 billion) to improve civil protection over the coming years, including in additional bunkers and an app to warn citizens about finding the nearest shelter in case of war or natural disaster.

Long Island Rail Road riders are bracing for hours-long commutes as a salary fight between the nation’s busiest commuter rail line and its employees forced a systemwide shutdown, the first in more than 30 years. LIRR customers are scrambling for alternative ways to get to and from New York City and throughout Long Island after the Metropolitan Transportation Authority and union leaders failed to reach a deal by a late Friday night deadline after two days of marathon contract negotiations. MTA

Poland seeks to hold “honest talks” with the US after it was blindsided by Washington’s decision to halt deployment of its troops to the NATO ally, according to Defense Minister Wladyslaw Kosiniak-Kamysz.

Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from Iran’s Ministry of Economy and Financial Affairs.

Keir Starmer will not set out a plan for leaving office, his spokesman said as pressure mounts on Britain’s prime minister to step aside to end the leadership crisis engulfing the ruling Labour Party.

South Africa’s top court struck down parts of a law that would enable the government to determine where doctors and other healthcare professionals can work, because their constitutional rights would be undermined.

US Treasury Secretary Scott Bessent, speaking ahead of a meeting with other Group of Seven finance ministers in Paris, called on G-7 nations and other allies to increase sanctions on Iran in an effort to "crack down on the illicit finance that is fueling the Iranian war machine." (Source: Bloomberg)

The president’s emphasis on intraparty retribution opens new potential roadblocks

As John Cornyn closes out a cutthroat primary election that threatens to end his 24-year tenure in the US Senate, the Republican is aiming to leave voters with a simple message: He’s just as MAGA as the rest of the party faithful.

Hungary’s central bank governor, Mihaly Varga, gave a cautious endorsement of the government’s plan to join the euro, but warned careful preparation would be needed.

European Union officials are exploring whether the bloc needs new measures to protect its economy against an influx of Chinese goods, according to people familiar with the matter.

Renewed US air strikes killed additional Islamist militants in Nigeria’s northern region, a day after a joint operation with the West African nation claimed the life of a senior ISIS commander.

One of Andy Burnham’s biggest tests in his bid to become UK prime minister is whether he can calm investors who are concerned he would increase public borrowing.

The Bundibugyo strain may have circulated undetected for weeks in northeastern Congo.

The question of whether the UK should unwind a decade of estrangement from the European Union is resurfacing as the Labour Party starts to imagine a future beyond Prime Minister Keir Starmer. Bloomberg's Joe Mayes reports. (Source: Bloomberg)

International Energy Agency Executive Director Fatih Birol warned that the tally of commercial oil inventories is shrinking at an accelerated pace.

With Congress largely stalemated, companies turn to states to gain leverage over regulations.