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LabCorp completes purchase of Spokane’s PAML

UPDATED: Thu., May 4, 2017, 6:17 p.m.

LabCorp has completed its acquisition of Spokane-based Pathology Associates Medical Laboratories. In this March 1 file photo, Chelsea Witter, clinical laboratory scientist for PAML, runs quality control for the new Roche line at the facility in Spokane. (Kathy Plonka/THE SPOKESMAN-REVIEW)
Just 10 weeks after announcing its intent to buy Spokane-based Pathology Associates Medical Laboratories, LabCorp said Thursday it has completed the acquisition.

GOP-led House panel votes to overhaul Dodd-Frank

UPDATED: Thu., May 4, 2017, 6:20 p.m.

House Republicans took a major step toward their long-promised goal of unwinding the stricter financial rules created after the 2008 crisis, pushing forward sweeping legislation that would undo much of President Barack Obama’s landmark banking law.

U.S. factory orders tick up in March

Thu., May 4, 2017, 8:02 a.m.

In this April 6, 2016, photograph, a technician works on a motor of a Titan truck on the assembly line at the Nissan Canton Vehicle Assembly Plant in Canton, Miss. (Rogelio V. Solis / Associated Press)
Orders to U.S. factories turned in the weakest performance in four months, although a key category that tracks business investment showed more strength.

Dems shift financial debate to spotlight Trump’s empire

Wed., May 3, 2017, 3:34 p.m.

House Financial Services Committee member Rep. Stephen Lynch, D-Mass., center, flanked by Rep. David Scott, D-Ga., left, and Rep. William Lacy Clay, D-Mo., speaks on Capitol Hill in Washington, Tuesday during the committee’s hearing on overhauling the nation's financial rules. (Manuel Balce Ceneta / Associated Press)
The Republican drive to overhaul financial regulations on Wednesday turned into a contentious debate over Democratic efforts to cast a spotlight on President Donald Trump’s business empire and his refusal to release his tax returns.

Hulu just joined the live TV wars

Wed., May 3, 2017, 12:21 p.m.

Hulu, with programming that includes the original series “The Handmaids Tale,” has unveiled its streaming app, Hulu with Live TV, to compete with the likes of SlingTV, DirecTV Now and YouTube TV. (Take Five-Hulu)
Hulu on Wednesday unveiled its long-awaited streaming app, Hulu with Live TV, which seeks to compete with the likes of SlingTV, DirecTV Now and YouTube TV.

Saudi Arabia now controls the largest oil refinery in North America

Wed., May 3, 2017, 11:51 a.m.

The sun sets over an oil refinery in Port Arthur, Texas, in this May 17, 2007, file photo. (LM Otero / Associated Press)
The Port Arthur refinery in Texas is North America’s largest oil refinery, and as of this week Saudi Arabia controls all of it. With the stroke of a proverbial pen, Saudi’s state-owned oil giant Aramco took on 100 percent ownership of the port, cementing its access to the lucrative U.S. energy market at a critical time.

New deals for drugs: No heart attack or your money back

Wed., May 3, 2017, 10:29 a.m.

Amgen’s Repatha and Sanofi’s Praluent – a new generation of injected cholesterol drugs that reduce bad cholesterol – cost $14,000 a year, while cheap generic pills do a good job of lowering cholesterol for most people for $300 a year or less. Amgen is offering full refunds to insurers if patients have a heart attack or stroke while taking its drug. (Associated Press)
Warranties and money-back guarantees, long used to entice buyers of products like hand tools and kitchen gadgets, are now being used to sell something more crucial: pricey new-generation drugs for diseases like rheumatoid arthritis and cancer.

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