Business & Finance News
Johnson & Johnson’s Remicade, a blockbuster drug that treats autoimmune disorders, has steadily lost market share among patients enrolled in the Canadian province of Quebec’s public drug program, even after a court ruling reinstated full coverage in January, a Reuters analysis of government data shows.
Student loan borrowers from mostly black neighborhoods are almost twice as likely to default on their debt as borrowers from neighborhoods that are mostly white, according to research released Wednesday by the Federal Reserve Bank of New York.
Global equity markets and government bond yields fell on Wednesday as sentiment soured that a U.S.-China trade deal can be reached soon and on fears intensifying unrest in Hong Kong may lead to a Chinese crackdown.
The S&P 500 and Nasdaq stock indexes slipped on Wednesday on fresh uncertainty over U.S.-China trade relations, while a jump in Walt Disney shares boosted the Dow.
U.S.-China trade negotiations have ‘hit a snag’ over farm purchases, with China not wanting a deal that looks one-sided in the favor of the United States, the Wall Street Journal reported https://on.wsj.com/2CEYDR7 on Wednesday, citing people familiar with the matter.
Alphabet Inc’s Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app in partnership with Citigroup Inc and a small credit union at Stanford University.
The United Auto Workers (UAW) on Wednesday announced a series of ethics reforms in answer to a spreading U.S. federal corruption probe that has resulted in charges or convictions for a number of former leaders of the union.
Ferrari is set to roll out the Roma, a record fifth new model this year for the ‘Prancing Horse’, as it expands its stable to help sustain its profit and share price growth.
Brazil’s antitrust regulator said on Wednesday it will reassess Walt Disney Co’s (DIS.N) $71 billion purchase of Twenty-First Century Fox (FOXA.O) because the divestiture requested by the regulator as a condition for the merger of U.S. media companies has not happened yet.
Facebook Inc removed 3.2 billion fake accounts between April and September this year, along with millions of posts depicting child abuse and suicide, according to its latest content moderation report released on Wednesday.
Walt Disney Co on Wednesday said its new streaming service, Disney+, reached 10 million sign-ups since launching the previous day from “extraordinary consumer demand,” sending shares up 3.5%.
Wall Street’s main indexes rose on Wednesday as Federal Reserve Chair Jerome Powell said the domestic economy was in good shape and the central bank saw a “sustained expansion” ahead.
MetLife Inc was sued for gender discrimination on Wednesday by a female former senior vice president who said she was underpaid, called a “bitch” and told she had to “choose between being pretty and being smart” while working at the insurance company.
Facebook Inc released its fourth report on enforcement against content that violates its policies on Wednesday, adding data on photo-sharing app Instagram and content depicting suicide or self-harm for the first time.
Walt Disney Co on Wednesday said its new streaming service, Disney+, has reached 10 million sign-ups since launching on Nov. 12, sending shares up 3.5% to $143.53 on the New York Stock Exchange.
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