U.S. top court rejects Amgen over cholesterol medication patent fight
Amgen Inc on Monday lost its bid at the U.S. Supreme Court to overturn a ruling that kept the Regeneron Pharmaceuticals Inc and Sanofi SA cholesterol-lowering drug Praluent on the market, but the patent dispute among the rival drugmakers will continue …
Major Wall Street players plan new exchange to challenge NYSE, Nasdaq
Morgan Stanley, Fidelity Investments, Citadel Securities LLC and a host of other financial companies have agreed to jointly launch a new low-cost bourse that will compete with the New York Stock Exchange and Nasdaq.
Wall Street takes a breather after Friday’s rally
U.S. stocks treaded water on Monday as investors turned wary of the latest round of U.S.-China trade talks and a prolonged government shutdown, halting Wall Street’s strong surge from Friday.
Merck loses bid to revive $200 million Gilead verdict at U.S. high court
The U.S. Supreme Court on Monday handed a defeat to Merck & Co by refusing to hear its appeal of a ruling that it had dishonestly obtained patent rights and could not collect a $200 million verdict against rival drugmaker Gilead Sciences Inc in a dispute involving blockbuster hepatitis C drugs.
Brazil studying if Boeing-Embraer deal is in its ‘ideal form’
Brazil national security adviser Augusto Heleno said on Monday that the government is studying whether the deal between planemakers Embraer and Boeing is in its “ideal form” or in need of changes.
U.S. top court declines to take up Fiat Chrysler hacking case
The U.S. Supreme Court on Monday declined to hear Fiat Chrysler’s appeal in a class action lawsuit over allegations that its Jeeps and other trucks are vulnerable to hacking, one of the first legal cases involving automotive cyber security risks.
Activist Starboard seeks Family Dollar sale, board changes at Dollar Tree
Activist investor Starboard Value LP on Monday called on Dollar Tree Inc to sell its underperforming Family Dollar business and proposed replacing a majority of its board after revealing a stake in the company.
U.S. Supreme Court rejects Exxon in climate change document fight
The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon Mobil Corp to probe whether the oil company for decades concealed its knowledge of the role fossil fuels play in climate change.
Venezuela’s PDVSA inks oil deal with firm part-owned by Florida Republican
Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla that is part-owned by a prominent Florida Republican to help increase the socialist-run country’s plummeting crude oil output, the company said.
Stock futures flat after Wall Street’s strongest surge in 2019
Wall Street was set to open little changed on Monday after its biggest one-day surge in the new year, as investors turned wary of the latest round of U.S.-China trade talks and a prolonged government shutdown.
