Evening Wrap: today's top business stories

News stories from around the web.

New Statesman

Human genes cannot be patented, says Supreme Court (FT)

The US Supreme Court on Thursday declared that companies cannot patent isolated pieces of DNA in a landmark decision that has broad implications for $83bn biotechnology industry.

George Osborne accused of ‘shambolic’ handling of Hester ousting (FT)

Labour accused George Osborne of a “shambolic and uncertain approach” over Royal Bank of Scotland, as the bank’s shares plummeted after the ousting of Stephen Hester as chief executive.

US retail sales beat forecasts in May (BBC)

US retail sales rose more than expected last month, helped by a jump in car sales, government data has shown.

RBS shares down on political interference fears as Hester quits (BBC)

RBS has seen its share price fall amid speculation of political influence in Stephen Hester's departure.