France’s Sanofi bets on new CEO to drive sluggish drug sales
In veteran drug salesman Paul Hudson, Sanofi’s 100,000-plus employees are getting a new chief executive who relishes a good commercial fight.
Wall Street rises on rate-cut hopes, China tariff delay
U.S. stocks extended gains in a broad-based rally on Friday, as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, while the United States’ decision to delay tariffs on Chinese goods lifted the mood.
Spirit cuts workweek in wake of 737 MAX groundings: union
Boeing Co’s largest supplier Spirit AeroSystems Holdings Inc is reducing its workweek to 32 hours in response to the 737 MAX groundings, a labor union for the aerospace industry said on Friday.
U.S. gives Chinese imports more time before more tariffs hit
U.S. officials officially granted Chinese exporters two more weeks to get their products into the United States before increasing tariffs on those items, according to a U.S. government notice posted online on Friday
Europe’s 5G to cost $62 billion more if Chinese vendors banned: telcos
A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters.
Drugmaker Sanofi hires Hudson from Novartis as CEO
Sanofi has poached Paul Hudson from Novartis to replace Chief Executive Olivier Brandicourt who will retire in September, France’s biggest drugmaker said on Friday, helping send its shares almost 5 percent higher.
Traders pile into bets on Fed interest-rate cuts this year
The Federal Reserve is just about done being patient.
Beyond Meat top choice for Wall Street after bullish results
Shares of Beyond Meat Inc surged 27% on Friday after the vegan burger maker forecast that sales would more than double overall in 2019 after they tripled in the first quarter.
U.S. stock futures gain on hopes of rate cut, China tariff delay
U.S. stock index futures rose on Friday as hopes of an interest rate cut by the Federal Reserve were lifted by a sharp slowdown in May domestic job growth and moderate wage increases.
U.S. May payrolls rose less than expected
U.S. job growth slowed sharply in May and wages rose less than expected, suggesting the loss of momentum in economic activity was spreading to the labor market, which could increase calls for the Federal Reserve to cut interest rates this year.
