Buffett, Munger slam Valeant; drugmaker turned into 'a sewer'

Warren Buffett and Charlie Munger made clear that they are no fans of embattled drugmaker Valeant Pharmaceuticals International Inc. "In my view, the business model of Valeant was enormously flawed," Buffett said at the annual Berkshire Hathaway meeting on Saturday.

Pennsylvania poised to legalize medical marijuana use

By David DeKok HARRISBURG, Pa. (Reuters) - Pennsylvania was poised to become the 24th U.S. state to legalize marijuana use for medical purposes after state legislators on Wednesday approved a bill that Democratic Governor Tom Wolf has promised to sign. The bill will allow use of marijuana oil and extracts, while still prohibiting the smoking of the drug, to treat or alleviate the symptoms of a long list of ailments including autism, epileptic seizures and nausea brought on by chemotherapy. The bill, which passed by a 149-46 vote in the state House of Representatives, sets up an infrastructure for growing, distributing, regulating and taxing medical marijuana.

Zika virus 'scarier' than thought: US health officials

The Zika virus is "scarier" than previously thought, US health officials warned as they urged Congress to unblock funding to fight the mosquito-borne virus linked to birth defects. President Barack Obama's administration has asked lawmakers for $1.9 billion to boost preparedness and response to Zika, a poorly understood virus which has been linked to severe brain damage in babies -- but the request has stalled. Borne by the Aedes aegypti mosquito, Zika has spread quickly to more than 30 places in Latin America and the Caribbean since last year.