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Healthcare

Australia's Sigma Healthcare board rejects API takeover bid

Australian pharmacy operator Sigma Healthcare Ltd's board on Wednesday rejected a A$727 million ($514.5 million) takeover bid from Australian Pharmaceutical Industries Ltd (API) , saying it was not in the best interests of shareholders.

Trump budget seeks 5 percent cut in non-defense spending: OMB

President Donald Trump will propose in his fiscal 2020 budget on Monday that the U.S. Congress cut non-defense spending by 5 percent while boosting spending on the military, veterans' healthcare and border security, the White House budget office said on Sunday.

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