National Business

WASHINGTON (AP) — The Biden administration said Thursday that drug price negotiations will knock hundreds of dollars — in some cases thousands — off the list prices of 10 of Medicare’s most popular and costliest drugs .

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. has named Deepak Bhandari as chief financial officer of its pork business, which it plans to spin off as an independent, publicly traded company.

The former mayor of a northern Alberta town ravaged by wildfire more than a decade ago says community ties will be key as Jasper, Alta., recovers from the blaze that swept through last month.

HONOLULU (AP) — Wallace “Wally” Amos, the creator of the cookie empire that took his name and made it famous and who went on to become a children’s literacy advocate, has died. He was 88.

WHITEHORSE — A judge has granted an order appointing a receiver to take control of assets at a gold mine closed after a massive slide of cyanide-contaminated ore in June, Yukon's justice minister said.

OTTAWA — Peter Baxter, the longtime athletic director at Wilfrid Laurier, has been appointed to Football Canada's board of directors. The governing body of amateur football in Canada made the announcement Wednesday.

TORONTO — Corus Entertainment is making several structural changes to cut costs, including shuttering its 900 CHML radio station in Hamilton after decades on the air.

TORONTO — Rogers Communications says Edward Rogers is becoming the company's executive chair effective immediately. The company says Rogers, previously chairman, will lead the development and review of the company’s long-term strategy for growth.

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year , as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity.

LANGLEY, B.C. — The British Columbia government is providing $2.65 billion for upgrades to Highway 1 through the Fraser Valley in an effort to relieve traffic congestion and ease daily commutes between the communities of Langley and Abbotsford.