Law & Society

The world's biggest drugmakers face a new reality when it comes to U.S. pricing for their products as insurers use aggressive tactics to extract steep price discounts, even for the newest medications.

Credit Suisse Group AG will ask U.S. regulators at a hearing on Thursday to allow it to manage pensions following a criminal guilty plea, but will face resistance from groups determined to stop what they see as the rubber-stamping of such waivers.

A Brazilian police officer investigating a kick-back scheme at state-run oil company Petrobras said the total amount of money involved could exceed $28 billion, making it the country's biggest-ever money laundering probe.