U.S. Drug distributors propose $10 billion to end state lawsuits over opioids: Bloomberg
Drug wholesalers AmerisourceBergen Corp , McKesson Corp and Cardinal Health Inc have proposed a $10 billion settlement for claims that they played a part in the U.S. opioid epidemic, Bloomberg reported on Tuesday, citing people familiar with negotiat…
Trump shrugs off trade war concerns; China warns of market chaos
U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, as Beijing warned that Washington’s decision to label it a currency manipulator would lead to chaos in financial markets.
Stock markets inch higher as currency war fears ease
Global stock markets rebounded Tuesday after China’s central bank fixed the yuan at a slightly stronger rate, soothing fears that a protracted trade war between the U.S. and China would spill over into a currency war as well.
Tech leads Wall Street rebound after worst day of 2019
U.S. stocks rose on Tuesday, helped by technology shares, as China stepped in to stabilize the yuan, a day after Wall Street’s main indexes suffered their sharpest one-day percentage declines of the year.
Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany
Daimler said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust filters of older, polluting diesel vehicles, the latest effort among German carmakers to avoid inner-city bans.
Vivendi talks Universal with Tencent to tap music revival
Vivendi is in talks to sell up to 20% of Universal Music Group (UMG) to Tencent, valuing its prized asset at around 30 billion euros ($34 billion), as both firms look outside their core regions to expand in a recovering global music market.
Snap to raise $1 billion to invest in AR, possible acquisitions
Snap Inc on Tuesday said it will raise $1 billion in short-term debt and plans to invest in more media content, augmented reality features and may also buy other companies.
CBS, Nexstar to renew affiliation agreement in multi-year deal
CBS Corp said on Tuesday it reached a multi-year agreement with Nexstar Media Group Inc to renew CBS network affiliations for Nexstar stations.
Sprint to launch Chinese-made OnePlus 5G smartphone in U.S.
Sprint Corp said on Tuesday it would launch a 5G smartphone made by OnePlus, becoming the second U.S. wireless carrier after T-Mobile to offer a cellphone made by the Chinese company.
Wall Street bounces back on tech boost after worst day of 2019
U.S. stocks opened higher on Tuesday, with the battered technology stocks providing the biggest boost, as China stepped in to stabilize the yuan, a day after Wall Street’s main indexes racked up their steepest one-day percentage fall of the year.
