Wall Street’s main indexes fell about 1% on Wednesday after a report said a “phase one” trade deal between Washington and Beijing may not be completed this year.
U.S. Democratic Senator Brian Schatz of Hawaii on Wednesday introduced a bill that would direct the Federal Reserve to subject large banks to so-called “stress tests” measuring their resilience to climate-related financial risks.
More than 500 biotech companies operate in the US, doing their part to make it the world’s hub for innovation. Only about 20 of them turn a profit, though, highlighting the dangers of the biotech sector. High overhead, long research terms, and the uncertainties of clinical testing and regulatory approval all weigh on them, making biotech at once the riskiest and most potentially profitable of the stock market’s segments.Enter Joseph Edelman. The hedge fund veteran started Perceptive Advisors back in 1999 with just $6 million, and his hedge has grown to hold over $5 billion in assets under management today. …read more […]
Alnylam Pharmaceuticals Inc on Wednesday received an early U.S. approval for its gene silencing drug to treat patients with a rare genetic disorder that can cause severe pain. The drug, Givlaari, uses a mechanism known as RNA interference to target and “silence” specific genetic material, blocking the production of the protein that causes the disease called acute hepatic porphyria. …read more […]
The number of corporate leaders fired for #MeToo-related misconduct rose in 2018 while the number of S&P 500 companies led by females fell 20%, according to a report from U.S. think-tank the Conference Board.
Democratic U.S. Senator Ed Markey asked Tesla Inc on Wednesday to disable its “Autopilot” driver-assistance system until it installs new safeguards to prevent drivers from evading system limits that could let them fall asleep.
General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages, costing GM billions of dollars.
Headlines moving the stock market in real time. …read more […]
U.S. stocks moved sharply lower on Wednesday after Reuters reported that completion of a “phase one” U.S.-China trade deal could slide into next year, citing trade experts and people close to the White House.
Markey cited a local news report that said a driver had fallen asleep behind the wheel as a Tesla drove 14 miles on Autopilot. Other unconfirmed videos on social media appear to show drivers sleeping behind the wheel of Tesla vehicles. …read more […]
Democratic U.S. Senator Ed Markey asked Tesla Inc on Wednesday to disable its “Autopilot” driver-assistance system until it installs new safeguards to prevent drivers from evading system limits that could let them fall asleep. Markey cited a local news report that said a driver had fallen asleep behind the wheel as a Tesla drove 14 miles on Autopilot. Other unconfirmed videos on social media appear to show drivers sleeping behind the wheel of Tesla vehicles. …read more […]
Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House say, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.
Wall Street’s main indexes edged lower on Wednesday as escalating tensions between Washington and Beijing raised doubts about a trade deal, overshadowing upbeat earnings from retailers Target and Lowe’s.
Federal Communications Commission chairman Ajit Pai will propose on Wednesday splitting a key band of spectrum that had been set aside for auto safety between Wi-Fi use and automakers, sources said.
General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
