Macy’s shares sink as discounts to clear inventory hurt, tourism drops
(Reuters) – Macy’s Inc (M.N) cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
FCC chairman circulates order to approve Sprint, T-Mobile tie-up
FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this…
Macy’s sinks as discounts to clear inventory backfire, tourism drops
(Reuters) – Macy’s Inc (M.N) slashed its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
Wall Street tumbles on rising fears of recession
(Reuters) – Wall Street main indexes slid more than 2% on Wednesday, as a closely watched U.S. bond market indicator…
Amgen wins U.S. patent battle on arthritis drug Enbrel, thwarting Novartis
(Reuters) – A U.S. judge on Friday upheld two patents relating to Amgen Inc’s blockbuster rheumatoid arthritis drug Enbrel, denying…
U.S. records 10 new cases of measles last week
FILE PHOTO: A vial of the measles, mumps, and rubella (MMR) vaccine is pictured at the International Community Health Services…
Regeneron’s Ebola treatment proves superior to rival in trial
(Reuters) – Regeneron Pharmaceuticals Inc said on Monday its experimental treatment for Ebola proved superior to a rival therapy from…
Senator Grassley seeks info on Novartis’s Zolgensma data issues
FILE PHOTO: U.S. Senator Chuck Grassley (R-IA) speaks to reporters on his way from the Senate floor after a vote…
AMS plans rival takeover bid for Germany’s Osram
FILE PHOTO: CEO of lamp manufacturer Osram Olaf Berlien poses during the opening of the company ‘World of light’ showroom…
Walmart tells staff to pull violent video game signage from stores
(Reuters) – Walmart Inc said on Friday it has asked employees at its stores in the United States to take…
Wall Street ends down amid more trade woes, high volatility
NEW YORK (Reuters) – U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week…
Sarepta says adverse event report for DMD gene therapy erroneously submitted
(Reuters) – Sarepta Therapeutics Inc said on Thursday it was informed that an adverse event report was erroneously submitted to…
FDA panel backs Gilead’s HIV prevention drug Descovy, except in women
(Reuters) – An FDA advisory panel on Wednesday voted in favor of Gilead Sciences Inc’s combination drug to reduce the…
Medicare to cover expensive cancer cell therapies
FILE PHOTO: A Gilead Sciences, Inc. office is shown in Foster City, California, U.S. May 1, 2018. REUTERS/Stephen Lam (Reuters)…
Drug industry urges Canada to act early on U.S. import plan
TORONTO (Reuters) – Canada’s main pharmaceutical lobby group has urged the government not to wait for drug shortages before responding…
Roche says test showed Tecentriq helped vs bladder cancer
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd…
U.S. recorded eight new cases of measles last week
FILE PHOTO: A vial of the measles, mumps, and rubella (MMR) vaccine is pictured at the International Community Health Services…
Only one in six U.S. universities are smoke-free
(Reuters Health) – Universities across the United States have been slow to adopt anti-tobacco policies on campuses, researchers say, despite…
U.S. FDA approves Daiichi Sankyo’s treatment for rare joint tumor
(Reuters) – The U.S. Food and Drug Administration on Friday approved Daiichi Sankyo Co Ltd’s treatment for adult patients with…
Beyond Meat competitor Impossible Foods receives FDA approval for ‘bleeding’ plant burger
(Reuters) – The U.S. Food and Drug Administration on Wednesday approved a key ingredient in plant-based burger patties made by…
Trump firms up plan to import medicines; pharma companies resist
(Reuters) – The Trump administration took a step Wednesday toward allowing importation of medicines from Canada, an action the president…
European panel okays GW Pharma cannabis drug for epilepsy
(Reuters) – GW Pharmaceuticals’ marijuana-based treatment Epidyolex has won a positive recommendation for marketing approval from a European Medicines Agency…
Bayer in frame to win first EU nod for high-precision cancer drug
(Reuters) – Europe’s drug regulator has recommended approving Bayer’s Vitrakvi, putting the medicine on track to become the first in…
Sanofi ends partnership with Lexicon to develop diabetes drug
FILE PHOTO: A logo of Sanofi is pictured during the company’s shareholders meeting in Paris, France, April 30, 2019. REUTERS/Benoit…
Apple pays $1 billion for Intel unit in push for chip independence
(Reuters) – Apple Inc (AAPL.O) took a major step toward supplying its own smartphone chips by purchasing the majority of…
Home health care aides often face verbal abuse from clients
For many home healthcare aides, verbal abuse from clients or clients’ family is a real problem, a U.S. study suggests.…
Allergan recalls textured breast implants worldwide
(Reuters) – Allergan Plc said on Wednesday it was recalling its Biocell textured breast implants and tissue expanders across markets,…
Eli Lilly’s hypoglycemia treatment wins FDA approval
FILE PHOTO: The logo of Lilly is seen on a wall of the Lilly France company unit, part of the…
A Boston hospital with a farm on its roof seeks to inspire others
A rooftop farm at a medical center in Massachusetts could serve as a model for hospitals that seek to encourage…
Drug makers met with Trump to argue against Senate pricing bill
(Reuters) – The main pharmaceutical industry lobbying group said on Thursday it and some drugmakers met with President Donald Trump…
Coca-Cola’s coffee and zero sugar soda mix lifts 2019 goals, shares
(Reuters) – Coca-Cola Co (KO.N) beat second-quarter earnings expectations and raised its organic revenue forecast for the full year thanks…
Multiple sclerosis drug helps Biogen beat Wall St. profit expectations
(Reuters) – Biogen Inc reported better-than-expected second quarter profit and raised its 2019 earnings forecast on Tuesday, driven by higher…
Short-term opioids for pain still come with side effects
(Reuters Health) – Patients who only briefly take opioid painkillers are still likely to face side effects, a new study…
AmEx warns of higher costs as it boosts rewards program, shares fall
(Reuters) – American Express Co (AXP.N) warned of higher operating costs this year as the credit card issuer spends heavily…
BlackRock profit misses estimates, hit by lower fees for lending stocks
NEW YORK (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager, took in less cash last quarter as investors…
Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ
FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell…
UK parliamentary committee questions StanChart’s remuneration policy
FILE PHOTO: A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23,…
Health Canada to keep importing Kaleo’s epinephrine shot amid shortages
(Reuters) – The Canadian health regulator said on Friday it would keep importing U.S.-based Kaleo Inc’s epinephrine auto-injectors and expects…
CDC links two deaths to multi-state salmonella outbreak
(Reuters) – Two people have died following a multi-state outbreak of salmonella infections linked to backyard poultry, U.S. health officials…
Biohaven’s treatment for Lou Gehrig’s disease fails to win FDA nod
FILE PHOTO: The logo for Biohaven Pharmaceutical Holding Company is displayed on a screen during the company’s IPO on the…
Southwest schedules without Boeing 737 MAX until Nov. 2, freezes pilot hiring
(Reuters) – Southwest Airlines Co (LUV.N) joined U.S. rivals on Thursday in cancelling more flights until early November due to…
U.S. Justice Department may sue to block Sprint, T-Mobile merger: source
WASHINGTON (Reuters) – The U.S. Justice Department has told T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) to wrap up…
Union Pacific cost cuts sheltered profit amid freight slowdown
(Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S.…
Netflix sinks on subscriber losses, analysts still see growth
(Reuters) – Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong…
Microsoft shares hit record highs, powered by growing cloud sales
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases…
Wall Street opens flat, investors shrug off bank results
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan…
Big banks beat profit expectations but warning signs grow
(Reuters) – Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field…
Wells Fargo tempers cost-cutting outlook
(Reuters) – Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the…
JPMorgan beats profit estimates but shows signs of pressure
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a quarterly profit that beat estimates on Tuesday as higher interest income…
Blue Apron beefs up menu with Beyond Meat, shares surge 60%
FILE PHOTO: The logo of Blue Apron is shown on a large sign in front of the New York Stock…
Symantec ends talks to sell to Broadcom over price: sources
(Reuters) – Cybersecurity company Symantec Corp (SYMC.O) has walked away from negotiations to sell itself to chipmaker Broadcom Inc (AVGO.O)…
Facebook vows Libra currency will wait for approval as U.S. airs worries
WASHINGTON (Reuters) – Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until…
Gilead invests $5 billion to deepen ties with biotech Galapagos
(Reuters) – U.S. antiviral drugmaker Gilead Sciences (GILD.O) will invest $5.1 billion in a major expansion of its partnership with…
Citigroup profit beats estimates on gains in consumer lending
(Reuters) – Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in…
Lockheed Martin plans to expand Milwaukee plant workforce by 15%
(Reuters) – Defense contractor Lockheed Martin Corp (LMT.N) said on Friday it plans to increase the workforce at its approximately…
Eton’s conjunctivitis treatment fails to win FDA nod; shares tumble
(Reuters) – Eton Pharmaceuticals Inc said on Friday that the U.S. Food and Drug Administration declined to approve its treatment…
U.S. federal judge orders FDA to implement 10-month deadline for e-cig applications
FILE PHOTO: A woman holds a Juul e-cigarette while walking in New York, U.S., September 27, 2018. REUTERS/Brendan McDermid (Reuters)…
Cargill quarterly profit dives 41% on trade tensions, U.S. floods
CHICAGO (Reuters) – Global commodities trader Cargill Inc reported a 41% drop in adjusted quarterly profit on Thursday, citing supply…
T-Mobile, Sprint expected to extend deal date: sources
FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this…