Wall Street mixed as Amazon, Facebook weigh
U.S. stocks backed away from record highs on Monday as investors looked forward to an interest rate cut from the U.S. Federal Reserve and for signs of progress from Shanghai, where U.S.-China trade negotiations are underway.
Pfizer to spinoff, merge off-patent drugs unit with Mylan
Pfizer Inc has agreed to spin off its off-patent branded drugs business and combine it with generic drugmaker Mylan NV , a move that leaves Pfizer with its more profitable innovative drugs, including cancer treatment Ibrance and pneumonia vaccine Prev…
Pfizer in talks to transition EpiPen maker into generics spinoff: spokeswoman
Pfizer Inc is in talks to merge its contract manufacturer that produces Mylan’s EpiPen emergency allergy treatment into the new generics business it is creating by combining its older off-patent medicines unit with Mylan NV , a Pfizer spokeswoman said…
Wall Street eases from record highs as tech drags; Fed meeting eyed
U.S. stocks retreated from record highs on Monday, weighed by technology shares ahead of high profile earnings including that of Apple, which will test the impact of trade tensions on global growth, ahead of the Federal Reserve’s policy-setting meeting…
Pfizer in talks to transition EpiPen manufacturing into generics spinoff
Pfizer Inc is in talks to merge its contract manufacturer that produces Mylan’s EpiPen emergency allergy treatment into the new generics business it has created by combining its older off-patent medicines unit with generic drugmaker Mylan NV , a Pfize…
Sterling tumbles on hard Brexit worries; stocks slip
The British pound on Monday touched its lowest against the dollar since early 2017 after Prime Minister Boris Johnson’s government said it now assumed there would be a hard divorce from the EU, while stocks dipped globally after last week touching thei…
Oil edges up on prospect of U.S. interest rate cut
Oil prices rose on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed pessimism over U.S.-China trade talks and worries about slower global economic growth.
FINRA fines Citigroup for loose background checks
The Financial Industry Regulatory Authority said on Monday it has fined Citigroup’s Global Markets business $1.25 million for failing to perform proper background checks on thousands of employees between 2010 and 2017.
Diagnostic company Exact Sciences to buy Genomic Health in $2.8 billion deal
Exact Sciences Corp said on Monday it will buy peer Genomic Health Inc for about $2.8 billion in cash and stock, expanding the cancer diagnostic company’s testing capabilities to breast and prostate cancers.
Oil gains on prospect of U.S. interest rate cut
Oil prices rose on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed pessimism over U.S.-China trade talks and oil demand fears stoked by forecasts for slower global economic growth.
