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Emma Walmsley will replace Andrew Witty as CEO of Britain-based GlaxoSmithKline when he retires on March 31, making her the first women to manage a leading global drug company, according to Reuters.

Blackstone, a private equity company based in New York City, will purchase Irvine, Calif.-based LBA Realty's portfolio of logistics centers for $1.5 billion, according to The Wall Street Journal.

A recent report from the Government Accountability Office found that while Medicare Part D generic drug prices decreased overall from 2010 to 2015, many showed exorbitant price hikes.

Joe Kaeser, CEO of Germany-based Siemens, believes geopolitical turbulence may prevent customers from spending money on projects, limiting the amount of orders and revenue the engineering company brings in, reported Bloomberg.

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