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By Sophie Sassard and Zeba Siddiqui LONDON/MUMBAI (Reuters) - Indian generics firm Lupin , some U.S. drugmakers looking for a tax-saving deal in Europe and private equity funds are planning to bid for a range of older drugs being auctioned by GlaxoSmithKline (GSK) , five sources familiar with the matter said. Chief Executive Andrew Witty said in April GSK was reviewing its portfolio of mature drugs, known as established products, and in May the group invited sector players and private equity firms to consider bidding.
Higher gasoline prices pushed US consumer prices up in June but the pace of inflation slowed from May, the Labor Department said Tuesday. The department's consumer price index rose 0.3 percent last month, easing from a hefty 0.4 percent rise in May -- the largest increase since February 2013. Unlike the broad-based May price increase, gasoline prices were the main driver of June's CPI rise. The gasoline price index jumped 3.3 percent, accounting for two-thirds of the overall rise.