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CAPE TOWN (Reuters) - South Africa has set up a state-owned pharmaceutical company that would compete with local firms in supplying medicines to public hospitals, President Jacob Zuma said in his state of the nation address on Thursday. Health authorities in one of the world's biggest market for antiretroviral drugs have long complained they were paying too much to secure supplies for life-prolonging HIV/AIDS drugs to state-run hospitals. (Writing by Tiisetso Motsoeneng; Editing by James Macharia)
The Art Institute of Chicago has recreated Vincent Van Gogh's bedroom in an apartment and is renting it out for $10 a night. "This is so perfect I'm literally crying," art student Genevieve Marie Gualtiere wrote on the museum's Facebook page. "We're hoping it will inspire people to think in new ways about the painting," said Amanda Hicks, a spokeswoman for the Art Institute of Chicago.
By Lindsay Dunsmuir and Jonathan Spicer WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen returned to Congress with a brave face on Thursday amid a worsening meltdown in global markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. Testifying for a second straight day before lawmakers, Yellen repeatedly stressed that the Fed is not on a "pre-set path" even though, for now, she still expects it to gradually raise interest rates this year, given the strong U.S. labor market and other bright spots in the economy. With investors stampeding to safer assets globally, the head of the world's most influential central bank acknowledged that a weakened global economy and a steep slide in stock markets was tightening financial conditions faster than the Fed wants.