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Samsung Targets U.S. Drug Market With Remicade Knockoff

WSJ.com: WSJD - Technology

SEOUL--Samsung Group said Tuesday its near-replica of Johnson & Johnson's blockbuster arthritis drug Remicade has been accepted for review by the U.S. Food and Drug Administration, marking the South Korean conglomerate's first attempt to sell drugs to Americans, alongside its popular smartphones and televisions. Samsung Bioepis Co., a Samsung affiliate that develops biosimilars, or near-replicas of biologic drugs that are made from living cells, has already won preliminary regulatory approval for its Remicade copy...


Self-Driving Cars Will Make Organ Shortages Even Worse

Slate

The most straightforward fix would be to amend a federal law that prohibits the sale of most organs, which could allow for development of a limited organ market. Organ sales have been banned in the United States since 1984, when Congress passed the National Organ Transplant Act after a spike in demand (thanks to the introduction of the immunosuppressant cyclosporine, which improved transplant survival rates from 20–30 percent to 60–70 percent) raised concerns that people's vital appendages might be "treated like fenders in an auto junkyard." Others feared an organ market would exploit minorities and those living in poverty. But the ban hasn't completely protected those populations, either. The current system hasn't stopped organ harvesting--the illegal removal of organs from the recently deceased without the consent of the person or family--either in the United States or abroad.


Smartwatch market grows thanks to mobile payments, lower pricing

ZDNet

Technology industry analyst firm Telsyte has revealed new figures for the sale of smartwatches in the Australian market, saying that they now account for a third of all smart wearables. The Telsyte Australian Smartphone & Wearable Devices Market Study 2016-2020 showed that while the initial success of smartwatches in Australia was "modest", sales in the first half of calendar 2016 increased by 89 percent year on year. "As smartphone replacement cycles have lengthened, consumers are turning to other gadgets, and smartwatches have started to capture the imagination," Telsyte managing director Foad Fadaghi said. "We might be seeing the beginning of a substitution effect where consumers are choosing a smartwatch over a new smartphone." The Apple Watch led in the category, holding down more than 50 percent of the smart wearables market share, followed by the Samsung Gear and the Fitbit Blaze.


Deadly blast strikes market in Philippines' Davao city

Al Jazeera

A blast has ripped through a night market packed with customers in President Rodrigo Duterte's home city of Davao in southern Philippines, killing at least 12 people and wounding 60 others. A presidential spokesman said on Friday that the blast took place at the open-air market in Davao City, 960km south of the capital, Manila. The explosion occurred close to the high-end Marco Polo hotel that is popular with tourists and business people, city spokeswoman Catherine de la Rey told AFP news agency. Regional police chief Manuel Guerlan told Reuters news agency that a ring of checkpoints had been thrown around the city's exit points. "A thorough investigation is being conducted to determine the cause of the explosion," he said.


Essential California: Housing market sours on L.A.'s richest - LA Times

Los Angeles Times

It is Saturday, July 2. Here's what you don't want to miss this weekend: Total gridlock: Have you noticed how bad the traffic has gotten in downtown Los Angeles? Commuters say it's the worst in memory. Officials blame a strong economy, new residents, construction and frequent lane closures for filming. Allegations of fraud: The L.A. Department of Water and Power believes PricewaterhouseCoopers charged the utility for lavish trips to Las Vegas that included prostitutes, steak dinners and bottle service. DWP is suing the firm over the rollout of a new computer system that failed and left the utility unable to properly bill thousands of customers.