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Papers: Trump challenged by Buffett over tax return

Last updated: 22:45 02 Aug 2016 AEST, First published: 17:45 02 Aug 2016 AEST

picture of Warren Buffett

Investment guru Warren Buffett has challenged Donald Trump to pick “any place, any time between now and election," to publish his tax returns, reports USA Today.

Omaha billionaire Buffett added that if Trump did, he would bring his own tax return.

“He can bring his tax return ... Just let people ask us questions about the items that are on there."

Every major party nominee since the late 1970s has released tax returns before Election Day, but Trump, so far, has not, the paper reported.

An experimental drug for an incurable, often fatal infant disease has performed so well that a clinical trial was halted ahead of schedule, reports the LA Times.

Children suffering from Type 1 spinal muscular atrophy treated with the drug, nusinersen, achieved significantly better movement that those taking a placebo.

Developer Ionis Pharmaceuticals Inc shares soared 30% to close at $38, while its partner Biogen rose 4%.

Biogen has paid Ionis a US$75-mln licensing fee for the drug and plans to file for approval by the end of the year.

South Korea has banned the sale of almost all Volkswagen cars and handed down heavy fines, one of the severest punishments the German auto maker has faced globally over its deepening emissions scandal, reports the Wall Street Journal.

Oil prices entered a bear market, briefly dipping below $40 a barrel, underscoring the deep concerns over a supply glut that has plagued the industry for two years, reports the Wall Street Journal.

Crude for September delivery finished down $1.54, or 3.7%, to $40.06 on the New York Mercantile Exchange. Prices have dropped 22% in less than two months.

The pilot flying the hot-air balloon that crashed in central Texas, killing him and 15 others on board, went to prison twice in Missouri on drug and alcohol-related charges, but family and friends say he had stayed out of trouble since, reports the Wall Street Journal.

Alfred G. “Skip” Nichols IV was arrested in 1999 for possessing a controlled substance, and later served roughly 1½ years in the Missouri Department of Corrections. 

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