Business

YouTube Announcement Scares Some

The video-sharing website announced on Sunday that it was shutting down. Executives said the site was actually designed as an 8-year contest to find the best video on the web. Just a reminder, the announcement was made early — on the day before April Fools Day.

Novartis Loses Patent Battle In India

India's Supreme Court on Monday rejected drug maker Novartis AG's attempt to patent a new version of a cancer drug. It's a landmark decision that health activists say ensures poor patients around the world will get continued access to cheap versions of lifesaving medicines.