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Legal & Regulatory Issues

The Federal Trade Commission has authorized action to block the planned merger of Downers Grove, Ill.-based Advocate Health Care and Evanston, Ill.-based NorthShore University HealthSystem — a deal that would create the largest health system in Illinois.

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Martin Shkreli, the 32-year-old CEO of Turing Pharmaceuticals, has been taken into custody by the FBI on charges of securities and wire fraud for allegedly illegally taking stock from Retrophin, a biotechnology firm he started in 2011, according to Bloomberg.

The U.S. House unveiled a 2,009-page omnibus spending bill early Wednesday that allots $2 billion to the National Institutes of Health for medical research — the biggest increase in funding for NIH in more than a decade.

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