Business & Finance News
Express Scripts Holding Co, one of the largest U.S. prescription benefits managers, will cover new migraine drugs from Eli Lilly and Amgen Inc, but exclude a rival medication from Teva Pharmaceutical Industries Ltd after price negotiations with all three manufacturers.
Amazon.com Inc is scouting for land in central Mexico for a fourth distribution center in the country, sources said, aiming at a bigger slice of the burgeoning e-commerce market in Latin America’s second-largest economy.
U.S. drugmaker Pfizer Inc plans to reduce its global headcount by around 2 percent through voluntary retirements and layoffs this year and early next year, as it looks to streamline its corporate structure and eliminate some managerial roles and responsibilities.
The Republican chairman and the ranking Democrat on the Senate Commerce Committee said on Wednesday they have asked top U.S. executives at Hyundai Motor Co and Kia Motors Corp to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from the Korean automakers.
U.S. stocks slipped in a choppy session on Wednesday, struggling to sustain a rally from the previous session, as IBM snapped a run of strong blue-chips earnings and disappointing housing data dragged down Home Depot and homebuilders.
Several public funds that hold shares in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman, saying the social media giant mishandled several high-profile scandals.
White House economic advisor Larry Kudlow said on Wednesday that U.S. President Trump was not demanding a policy change at the Federal Reserve after Trump heaped more criticism on the Fed on Tuesday, calling rising U.S. interest rates his “biggest threat.”
Several public funds with holdings in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman.
The three main indexes fell on Wednesday, a day after their strongest rally in seven months, as IBM snapped a run of strong earnings from blue-chip companies and disappointing housing data dragged down shares of Home Depot and homebuilders.
Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company’s former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC’s plans to oust the embattled soupmaker’s entire board.
The United States demanded rapid results on Wednesday from its trade talks with the European Union and complained that the bloc was stalling progress.
The U.S. Environmental Protection Agency said on Wednesday it has been in talks with Volvo over the last few weeks about an issue with their catalytic converters that was causing some vehicles to exceed nitrogen oxide emission limits.
Banks, including underwriters of SoftBank Group’s initial public offering of its mobile unit, are finalizing terms for a $9 billion loan to its Vision Fund, Bloomberg reported on Wednesday, citing people familiar with the matter.
A gauge of stocks across the world edged lower on Wednesday following its largest daily run-up in over two years, as the outlook on earnings soured after a warning on the European auto sector and a revenue miss from IBM.
Tesla Inc’s vice president of manufacturing, Gilbert Passin, has left the company, Business Insider reported https://www.businessinsider.com/teslas-vp-of-manufacturing-gilbert-passin-is-out-source-2018-10 on Wednesday, citing a source familiar with the situation.
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