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Chinese people in the past have gone to the U.S. to for cancer treatment and have snatched up cold medicine and painkillers on trips to Japan. Chinese now go overseas for another medical purpose: curing their liver diseases.

A newly permanent tax provision includes a favorable five-year recognition period for built-in gains following a conversion from a C to S corporation. The shortened recognition period is meaningful to many small business owners and gives S corporation shareholders more flexibility regarding the timing and tax structure of a sale transaction and could significantly influence the net value derived by company owners. Learn more about the evolving tax landscape with regard to S corporations and considerations related to tax structure and alternative elections.

Last year was one for the M&A record books, and while M&A may not continue at this record pace, the trend seems far from abating. Many companies intend to continue coupling in 2016 for numerous strategic reasons, including expanding in existing markets and scaling for efficiencies. This type of heated pace can produce mistakes, such as deals that don’t achieve the anticipated benefits or fit strategically with the acquirer. Moreover, premiums acquirers agree to pay over the target’s pre-bid share price tend to escalate as competition intensifies. Learn common mistakes that can happen in merger waves and ways companies can potentially avoid them by becoming advantaged acquirers.

China Real Time looks at a few examples that shed light on the trend of drugs that have been written off elsewhere looking for new life in China.

Jim Manley: Sen. Mark Kirk met with Judge Merrick Garland, and the court itself added no small wrinkle to lawmakers' debate over whether to hold confirmation hearings on President Obama’s nominee.

Markets around the globe tuned in as Federal Reserve Chair Janet Yellen sounded a dovish note Tuesday.

With MACRA disrupting the way health care businesses operate and alternative payment models proliferating, many health systems are reevaluating how to manage financial risk and maintain or gain market share. This week’s “My Take” explores whether provider-sponsored health plans (PSPs) could be the answer. Exemplifying the convergence of financing and care innovation, many PSPs have discovered that integration can be a catalyst to improve the value chain and reduce costs, but this model also comes with downside financial risks to consider.

Although oil and gas prices began their steady decline in 2014, many private equity firms that invested heavily during the shale boom are only beginning to register the pain.

It seems that politicians aren’t going to drop the issue of high drug prices any time soon. That is a problem for biotechnology investors.

The parent company of Los Angeles's iconic Roscoe's House of Chicken and Waffles restaurants has filed for bankruptcy protection, owing more than $3 million to an ex-employee who said he was a target of racial discrimination and sexual harassment.

Xiaomi Corp. expects serious sales from its ever-broadening range of offerings, which includes offbeat items like power strips, Segways and now – rice cookers.

Southcross Energy's parent filed for bankruptcy, as did Cetera Financial. Also, Molycorp made a deal with bondholders.

Good morning. Finance chiefs are devising new measures of corporate success, shifting which metrics they disclose to investors amid an environment of changing delivery methods and customer tastes. Software giant Adobe is one of the latest companies to change the way it defines success, opting to no longer disclose subscriber numbers.

Here's your morning roundup of the biggest marketing, advertising and media industry news and happenings.

Twitter users had plenty to fear last week, when the trailers for "The Conjuring 2" and "Lights Out" were the most talked-about previews on the social network.