FDA holds rare public meeting on asbestos testing in talc
For the first time in nearly 50 years, the U.S. Food and Drug Administration examined asbestos testing for talc powders and cosmetics at a hearing on Tuesday, after traces of the known carcinogen were found in several such products, including Johnson & Johnson’s Baby Powder.
Luckin Coffee share price may nearly double to $60 on U.S. exchanges: hedge fund Citron Capital
China-based Luckin Coffee Inc’s shares could double in price after it overcomes the negative impact of the coronavirus outbreak and a widely publicized bearish bet against its stock, according to Andrew Left, managing partner at hedge fund Citron Capi…
Exclusive: First Petrobras employee flips in Brazil commodity traders probe
A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world’s top commodity…
Defense aircraft demand lifts U.S. factory orders; underlying softness remains
New orders for U.S.-made goods increased by the most in nearly 1-1/2 years in December, flattered by robust demand for defense aircraft, but persistently weak business spending on equipment pointed to limited scope for a sharp rebound in manufacturing….
Exclusive: iPhone app makers questioned in U.S. antitrust probe of Apple – sources
The U.S. Justice Department has reached out to app developers as part of its investigation into Apple Inc , one of the four big tech companies being probed for alleged anti-competitive behavior, according one of the developers and another person famili…
Wall Street rallies as China measures ease virus fears
U.S. stocks surged on Tuesday and the S&P 500 and Nasdaq were on pace to unwind losses from last week as fears of a heavy economic impact from the coronavirus epidemic tapered off after China’s central bank intervened for the second day.
Another day, another record: Tesla shares march toward $1,000
Shares of Tesla Inc surged 20% on Tuesday to hit $940, extending a stunning rally that has more than doubled the company’s market value since the start of the year as more investors bet on Chief Executive Elon Musk’s vision.
Oil rebounds on prospect of bigger OPEC+ supply cuts
Oil prices bounced on Tuesday a day after falling to their lowest in more than a year, edging up on hopes that more cuts in crude production from OPEC and its allies would offset demand destruction related to the coronavirus outbreak.
Stocks surge, oil rebounds on China virus efforts
Crude oil prices rebounded and global equity markets surged on Tuesday as China’s efforts to minimize the economic impact from the coronavirus epidemic spurred investors’ risk appetite.
U.S. Federal Reserve bars Goldman Sachs executive from industry for role in 1MDB scandal
The U.S. Federal Reserve announced Tuesday it had permanently barred Goldman Sachs executive Andrea Vella from the banking industry for his role in Malaysia’s 1MDB scandal.
