Eli Lilly backs U.S. proposal on drug rebates to lower costs
Eli Lilly and Co on Wednesday embraced a U.S. government proposal to end a decades-old system of rebates drugmakers make to industry middlemen, saying it could lower the cost of insulin and other prescription drugs for patients.
U.S. trade deficit narrows in November on falling imports
The U.S. trade deficit fell for the first time in six months in November amid declines in imports of cellphones and petroleum products, leading economists to boost their economic growth estimates for the fourth quarter.
Boeing says aircraft demand supports even faster 737 production
A top Boeing Co executive said on Wednesday market demand was strong enough to support an even higher production rate of 63 single-aisle 737 aircraft per month but such an increase depends more on suppliers being able to keep up.
EU antitrust policy under fire after Siemens-Alstom deal blocked
Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges.
Germany will seek EU competition law reform during 2020 EU presidency: source
The German government will seek a reform of EU competition law during its presidency of the European Union in the second half of 2020, a government source told Reuters on Wednesday.
Wall Street dips after disappointing forecasts from video game companies
U.S. stocks dipped on Wednesday as disappointing forecasts from videogame makers pulled the communications sector lower, but a boost from technology companies kept the indexes near two-month highs.
Spotify posts first ever operating profit, but cautious outlook for 2019
Spotify posted its first ever quarterly operating profit on Wednesday driven by a strong gross margin and slower-than-expected headcount growth, but it warned of a loss in 2019 and issued modest forecasts which disappointed investors.
UBS gets approval to shift 32 billion euros of assets from Britain
UBS has received approval from a London court to move up to 32 billion euros ($36.44 billion) in assets from Britain to Germany as part of plans to keep business in the European Union after Brexit.
Snap shares soar as Android app shows promise
Shares of Snap Inc rose 26 percent on Wednesday, after the maker of Snapchat messaging app arrested a fall in users on Apple devices and drew a series of favorable reviews from analysts for its progress with a new Android app.
High-margin pickup trucks drive General Motors profit, shares rise
General Motors Co on Wednesday swung to a quarterly profit thanks to high-margin pickup trucks and crossovers in the U.S. market plus cost cutting and maintained its full-year 2019 earnings forecast, lifting its shares 1.7 percent.
