Business
UK drug price rises ‘necessary’, says Lord Patrick Vallance

The price the NHS pays for medicines will need to rise to stop a wave of pharmaceutical investment leaving the UK, science minister Patrick Vallance has said.
His comments follow several recent announcements from some of the world’s largest drug companies either pausing or scrapping UK projects.
Critics in the sector say low prices for new drugs, a lack of government investment, and tariff pressure from US President Donald Trump have been pushing firms away from the UK.
Lord Vallance told the BBC “price increases are going to be a necessary part” of solving that problem.
“Where the additional money would come from to pay higher prices is a matter for the department of health and the Treasury to figure out,” he added.
Lord Vallance was speaking at the opening of US vaccine giant Moderna’s new centre in Oxfordshire where millions of flu and Covid jabs will be made.
Health Secretary Wes Streeting, who cut the ribbon at the development project on Wednesday, told the BBC there was “a live conversation between government departments and the pharma industry” on drug pricing.
Lord Vallance added: “We must end up with a deal of some sort… because it’s in the interest of the economy, it’s in the interest of patients.”
According to the government, Moderna is investing more than a £1bn in UK research and development as part of a 10-year partnership to create new treatments jobs and boost pandemic resilience.
Its commitment, made three years ago, stands in contrast to Merck’s decision this month to scrap a £1bn project in Liverpool and AstraZeneca’s pausing of a £200m investment in Cambridge, also this month.
Meanwhile, Novartis said in August that NHS patients will lose access to new cutting-edge treatments because of skyrocketing costs.
It said it was not considering the UK for major new investments in manufacturing, research, or advanced technology because of “systemic barriers”.
Another pharmaceutical firm Eli Lily told the Financial Times on Wednesday the UK was “probably the worst country in Europe” for drug prices.
Over the last 10 years, UK spending on medicines has fallen from 15% of the NHS budget to 9%, while the rest of the developed world spends between 14% and 20%.
Elsewhere, Trump has put pressure on pharmaceutical companies to lower prices and invest more in the US.
Last month, talks broke down between Streeting and pharma firms over the cost of medicines for the UK.
The UK government said at the time it had put forward a “generous and unprecedented offer to accelerate growth” in the pharmaceutical sector.
Streeting previously insisted that he would not allow pharma companies to “rip off” taxpayers and described drug companies’ approach as “short-sighted”.
However, he struck a more conciliatory tone on Wednesday saying “it’s a live conversation – not just domestically with the industry but internationally with the US as well”.
“There’s an intersection between the growth ambitions of the government, the health ambitions of the government, the trade ambitions of the government and bilateral relations with the US,” he added.
Business
2025 Indian Railways Festive Bonus: Rs 1,865 Crore PLB, DA Hike News, 8th Pay Commission Fast-Tracked—Who Qualifies And What To Expect

New Delhi: The Union Cabinet has given its approval for a major Rs 1,865.68-crore Productivity Linked Bonus (PLB) to Indian Railways staff for the financial year 2024-25, calling it a festive season “Diwali gift” for lakhs of employees. More than 10.91 lakh non-gazetted workers, including track maintainers, loco pilots, train managers, station masters, supervisors, technicians and clerical staff will benefit from this decision. Under the scheme, each eligible employee will receive a bonus equivalent to 78 days’ wages, with the maximum payout capped at Rs 17,951 per person. Gazetted officers and senior administrative staff are excluded, restricting the benefit to Group ‘C’ non-gazetted categories.
Who Is Eligible and How Much Will They Get?
The PLB is specifically targeted at non-gazetted railway staff to reward their dedication and exceptional performance. Eligible employees across various departments will receive 78 days of wage-equivalent bonus, ensuring a meaningful addition to their earnings. This annual payout recognises the hard work of front-line staff while excluding higher-ranking gazetted officers and senior administrative personnel.
Bonus Timed Before Festivals to Boost Spending
This incentive is traditionally paid before Durga Puja and Dussehra, and the government is expected to credit the amount ahead of the festivals. By giving railway staff extra spending power at the start of the festive period, the measure is likely to boost retail, transport, and services sectors as workers use the bonus for shopping, travel, and household expenses. This well-timed bonus acts as both a reward and an economic stimulus.
Recognising Indian Railways’ Record Performance
The Cabinet linked the PLB to Indian Railways’ record-breaking performance in 2024-25, when it handled 1,614.90 million tonnes of freight and transported nearly 7.3 billion passengers. The government stated that the bonus acts not only as a reward for these achievements but also as a motivational tool to sustain high productivity and operational efficiency in the coming years.
Upcoming Dearness Allowance Hike Adds to Benefits
Adding to the festive cheer, the PLB announcement comes alongside reports that the Centre is preparing to announce the next Dearness Allowance (DA) hike in the first week of October. This would ensure employees receive the revised DA along with arrears in their September salary. DA and Dearness Relief (DR) are revised twice a year based on the All India Consumer Price Index (AICPI) and are taxable under existing income-tax rules.
8th Central Pay Commission in the Pipeline
Government employees are also watching developments on the 8th Central Pay Commission (CPC). Prime Minister Narendra Modi formally announced the new commission in January, with an intended rollout date of 1 January 2026. The framework for its constitution and terms of reference is still under discussion, and the process may soon be fast-tracked to give clarity to employees on their future pay structure.
Financial Boost and Economic Impact at a Glance
Overall, the Cabinet’s decision provides a double benefit — immediate financial relief for railway workers ahead of major festivals and a stimulus for the broader economy. It also recognises the crucial role of Indian Railways staff in delivering record levels of freight and passenger movement across the country, while motivating employees to maintain high standards of service and efficiency.
Business
As Donald Trump Hikes H-1B Visa Fee, Internet Digs Out Bill Gates’ 2024 Video Praising Indian Techies

Last Updated:
An old video of the Microsoft founder praising Indian techies’ contribution to his company presented a stark contrast to the US President Donald Trump’s decision.

US companies must pay $100,000 (Rs 88 lakh) per H-1B application. (Representative Image)
Amidst US President Donald Trump’s controversial crackdown on the H-1B visa, an old clip of Microsoft founder Bill Gates praising his Indian employees is gaining attention. In the video, Gates showers a group of Indian techies with glowing praise and appreciates their efforts in raising his company to new heights.
Microsoft head’s words and encouragement to Indian techies working in the US were widely appreciated on the Indian internet. He presented an alternative approach to Trump’s much-criticised ways after he announced a massive hike in H-1B visa fees to $100,000 (approximately, Rs 88,61,500).
Trump’s move originated from his nationalistic ideals and the “MAGA” (Make America Great Again) vision to provide Americans with more job opportunities by discouraging U.S.-based companies from hiring foreign nationals, regardless of their capabilities.
Bill Gates’ Old Video Praising 15 IIT Grads
The old video of Gates acknowledging the efforts of his Indian employees is from the speech the tech giant delivered at the Indian Institute of Technology (IIT) in Delhi in February 2024. During his speech, Gates recalled the early days of Microsoft, when the company was looking to boost its staff and eyeing world-class engineering talent. A senior colleague then came up with an unconventional idea: hire 15 IIT graduates from India, who would put their heart and soul into work if provided an opportunity.
“In a sense, my first connection with India came because of the IITs,” Gates says in the clip. “One of the great people who worked for me said that he would go over to India and hire about 15 people who had been students at IIT and that would strengthen Microsoft’s engineering capabilities.”
“At the time, we had only a few hundred people, but even so, it was so hard to find amazing engineers. I thought that was a good idea. At the time, the Indian press said it was a terrible thing because all these great people (engineers) were leaving their country. The US press said it was a terrible thing (with) all these people coming to another country. But I think now, over 25 years later, we can say that was a phenomenal thing.”
Bill Gates’ Speech Amid Immigration Debates On H-1B
In the revisited portion of his speech, Gates emphasised the criticism that came Microsoft’s way from US-based news platforms, who decried his team’s decision to hire skilled Indian engineers over American graduates. But the Microsoft founder is now glad he went ahead with the idea and calls it a turning point for his company.
Gates’ approach comes in stark contrast with that of Trump and the existing American regime, posing a major hurdle now for US-based companies in hiring India’s graduates and future working professionals. The move spread widespread disappointment among India’s tech students, who were hoping to fulfil their dream of securing a high-paying job in the US.
A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.
A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.
Delhi, India, India
September 25, 2025, 10:32 IST
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Business
‘Jimmy Kimmel Live!’ return draws 6.26 million viewers, ABC parent Disney says

File photo: “Jimmy Kimmel Live!”
Randy Holmes | Disney General Entertainment Content | Getty Images
“Jimmy Kimmel Live!” returned to air Tuesday night, generating 6.26 million total viewers despite significant preemptions across 23% of U.S. TV households, according to data from Nielsen shared by Disney.
This viewership is exponentially higher than average. During the 2024-2025 season, a period that ran from September to May, Kimmel’s average viewership was 1.42 million.
The pretaped show, which airs on the Disney-owned ABC, marked the first time host Jimmy Kimmel publicly addressed his suspension from late night following comments he made during a previous show’s monologue that criticized members of President Donald Trump’s MAGA movement for their reaction to conservative activist Charlie Kirk‘s killing.
“It was never my intention to make light of the murder of a young man,” he said Tuesday night. “I don’t think there’s anything funny about it.”
In addition to linear ratings, Kimmel’s monologue, which clocked in at over 28 minutes, garnered more than 26 million views across YouTube and social platforms, Disney reported Wednesday. The company also touted that Tuesday’s show earned its highest rating among adults aged 18 to 49 years in more than a decade.
“[Trump] tried his best to cancel me. Instead, he forced millions of people to watch the show,” Kimmel joked Tuesday during his monologue. “Backfired bigly.”
Local station owners Nexstar Media Group and Sinclair both said they would preempt the show’s return on Tuesday, meaning many markets across the country were not able to watch the program through local channels. Together, the two companies own roughly 70 ABC affiliate stations. According to Disney and Nielsen that preemption impacted a little less than one-fourth of the country.
Nextstar and Sinclair said they would preempt the show last week following comments from from Federal Communications Commission Chair Brendan Carr that suggested ABC and its affiliate stations could be at risk of losing broadcast licenses over the comments.
On Wednesday, Nexstar said it was “continuing to evaluate” the status of “Jimmy Kimmel Live!” and was “engaged in productive discussions” with Disney executives.
A Sinclair representative on Wednesday referred CNBC to its statement on Monday, which said the company’s stations would be preempting the show and that “discussions with ABC are ongoing as we evaluate the show’s potential return.”
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