Month: October 2019

Teva Pharmaceuticals is in talks to contribute over $15 billion worth of drugs as part of a settlement to resolve lawsuits alleging it helped fuel the U.S. opioid crisis, a source familiar with the matter told Reuters on Wednesday. The news follows media reports that major drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health are discussing with governments to settle thousands of opioid-related lawsuits for $18 billion. The companies, including Teva, are all defendants in a landmark trial set to begin in federal court in Cleveland, Ohio, on Oct. 21, which will be presided over by U.S. …read more […]

No U.S. airline is on a better financial trajectory than United Airlines. But investment analysts are paid to worry, and they have asked whether United is spending too much money, a habit that could hurt the company if this long-rumored economic downturn occurs sooner rather than later. But speaking Wednesday on their third quarter earnings […] …read more […]

(Bloomberg) — Iowa farmers slammed the Trump administration’s plan to alter biofuel-blending quotas, saying it would undermine demand for corn-based ethanol and soybean-based biodiesel.Farmers speaking on a conference call said the Environmental Protection Agency’s plan unveiled Tuesday falls short in the way it changes targets for blending biofuel into petroleum-based fuels under the Renewable Fuel Standard.The biofuel industry made a deal earlier this month with Donald Trump that would help it recover from the heavily criticized waivers that were issued to some oil refiners, but the EPA reneged on the arrangement, Monte Shaw, exective director of the Iowa Renewable Fuels …read more […]

WeWork is grabbing all the headlines for its failed attempt to continue the illusion that it’s worth tens of billions of dollars. As it tried to make the transition from a private company to a public one, investors simply weren’t buying it.
But the problem isn’t just WeWork. This year has seen a number of high-flying startups come crashing down to earth after their overhyped IPOs. Uber, Lyft, Peloton and Slack have all lost value since they IPO’d.
What’s wrong with the IPO market?
The answer lies with the IPOs that did well. And, yes, some actually did exceedingly well…

Zoom has gone from …read more […]

The automaker has reached a tentative deal with the United Auto Workers, making a critical step that could help end the five-week strike. Yahoo Finance’s Dan Howley joins Akiko Fujita on The Ticker. …read more […]

Wind…
Most of us don’t give it a second thought.
But over the last decade, wind power has moved from science project to mainstream.
Wind is now the most formidable energy resource of the 21st century.
Denmark gets 41% of its electricity from it. Ireland harnesses 28% of its power from wind farms. Taken as a whole, the European Union generates 14% of its electricity from wind.
Here in the U.S., we’ve just started to tap into the massive potential of our wind resources. That’s why now is the time to invest.
Right now, just 6.6% of our power is generated from wind. But that percentage …read more […]

Nasa is “throwing five on it”. Five million dollars that is. A Politico report says NASA footed the bill for a mandatory review of workplace culture at Elon Musk’s SpaceX. The report claims the review was prompted by Musk’s alleged marijuana use. …read more […]