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S&P 500 near flat as healthcare in spotlight

1 week ago DieselGasoil Comments Off on S&P 500 near flat as healthcare in spotlight
NEW YORK (Reuters) – The S&P 500 was little changed in afternoon trading on Thursday, with healthcare stocks mixed after the Trump administration withdrew a rule that would kill rebates. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid Shares of pharmacy benefit Read More

Dow tops 27,000, healthcare in spotlight after Trump’s decision on rebate

1 week ago DieselGasoil Comments Off on Dow tops 27,000, healthcare in spotlight after Trump’s decision on rebate
(Reuters) – U.S. stocks edged higher on Thursday on improved bets of an interest rate cut following Fed chief Jerome Powell’s dovish remarks, while healthcare stocks were mixed after the Trump administration withdrew a rule that would kill rebates. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Exclusive: Germany’s Bayer seeks animal health merger with Elanco – sources

2 weeks ago DieselGasoil Comments Off on Exclusive: Germany’s Bayer seeks animal health merger with Elanco – sources
FRANKFURT/LONDON (Reuters) – Bayer (BAYGn.DE) has approached U.S. drug firm Elanco Animal Health (ELAN.N) to discuss a possible combination of their pet-health businesses to create an industry giant, three sources familiar with the matter told Reuters. A logo of Bayer AG is pictured at the so called ‘Chempark’, the main plant and headquarters of German Read More

The $280,000 lab-grown burger could be a more palatable $10 in two years

2 weeks ago DieselGasoil Comments Off on The $280,000 lab-grown burger could be a more palatable $10 in two years
MADRID/ZURICH (Reuters) – Lab-grown meat, first introduced to the world six years ago in the form of a $280,000 hamburger, could hit supermarket shelves at $10 a patty within two years, European start-ups told Reuters. Mercedes Vila, co-founder of Biotech Foods, works in the company’s laboratory in San Sebastian, Spain, June 19, 2019. REUTERS/Vincent West Read More

S&P 500 hits record high on rising rate cut hopes

2 weeks ago DieselGasoil Comments Off on S&P 500 hits record high on rising rate cut hopes
(Reuters) – The S&P 500 index hit a record high on Wednesday, led by defensive sectors, as bets of an interest rate cut rose on fears of a slowing global economy due to simmering trade tensions. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July Read More

Tech boost, trade optimism lead Wall Street higher

3 weeks ago DieselGasoil Comments Off on Tech boost, trade optimism lead Wall Street higher
(Reuters) – Wall Street rose on Wednesday, as technology shares gained on the back of Micron’s upbeat results, while comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks. FILE PHOTO: Traders work on the main trading floor after the opening bell at New Read More

Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries

4 weeks ago DieselGasoil Comments Off on Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries
NEW YORK (Reuters) – Merck & Co Chief Executive Ken Frazier said on Thursday a rule to base the price the U.S. government pays for some prescription drugs in it Medicare program on lower prices in other countries would face legal challenges if adopted. FILE PHOTO: Ken Frazier, Chairman and CEO, Merck & Co., speaks Read More

Pfizer makes $10.6 billion cancer bet in cash deal for Array Biopharma

1 month ago DieselGasoil Comments Off on Pfizer makes $10.6 billion cancer bet in cash deal for Array Biopharma
(Reuters) – Pfizer Inc said on Monday it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader in colon cancer and build up its pipeline of oncology drugs. FILE PHOTO: The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., Read More

IBM, Walmart, Merck in blockchain collaboration with FDA

1 month ago DieselGasoil Comments Off on IBM, Walmart, Merck in blockchain collaboration with FDA
FILE PHOTO: The Walmart logo in New York, U.S., May 1, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – IBM, Merck and Walmart have been chosen for a U.S. Food and Drug Administration pilot program that will explore using blockchain technology to improve the security of prescription drug supply and distribution. The companies said they would work Read More

Nasdaq confirms correction as Facebook, Alphabet, Amazon drag

2 months ago DieselGasoil Comments Off on Nasdaq confirms correction as Facebook, Alphabet, Amazon drag
New York (Reuters) – The Nasdaq tumbled 1.6% on Monday, confirming a correction as it was dragged down by Alphabet, Facebook and Amazon.com on fears the companies are the targets of U.S. government antitrust regulators. While the sell-off in the internet heavyweights was the biggest drag on the Nasdaq, the index has been falling steadily Read More