U.S. to consider expanding Medicare drug price negotiation
WASHINGTON/NEW YORK (Reuters) – The Trump administration is considering expanding Medicare’s ability to negotiate the cost of drugs by giving private payers a role in setting the price of medicines administered in hospitals and doctors’ offices, Health…
Home Depot well placed to withstand ‘Amazon effect,’ investors say
NEW YORK (Reuters) – Home Depot Inc shares have climbed with the approach of spring weather, as some investors believe the retailer is well positioned to fend off the competitive threat of online retailers as the peak season for home improvement begin…
Russian billionaires take boardroom battle to London High Court
LONDON (Reuters) – Russia tycoon Oleg Deripaska gave evidence in the London High Court on Monday in a case challenging the sale of shares in Norilsk Nickel (Nornickel) by soccer club owner Roman Abramovich.
U.S. small caps near record highs, outperform larger rivals
SAN FRANCISCO (Reuters) – Wall Street’s modestly-sized publicly listed companies are beating out the heavyweights. The Russell 2000 , which tracks U.S. small capitalization companies, on Monday slipped 0.2 percent, but earlier in the session rose to wi…
Wall St. pares gains as defensive stocks offset trade optimism
NEW YORK (Reuters) – Wall Street edged higher after pulling back from stronger gains on Monday as weakness in defensive stocks offset trade optimism after U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp indicated easing U.S.-…
After Trump pledge to help China’s ZTE, Commerce eyes changes
WASHINGTON (Reuters) – The U.S. Commerce Department is exploring “alternative remedies” to punish Chinese telecommunication company ZTE Corp for flouting U.S. sanctions on trade with Iran after President Donald Trump intervened, Commerce Secretary Wilb…
U.S. safety agency demands meetings with automakers on Takata recall
WASHINGTON (Reuters) – The U.S. auto safety agency wants to meet with 12 major automakers that failed to fulfill a December 2017 target deadline for completing repairs on the highest-priority vehicles with dangerous Takata air bag inflators.
CBS sues controlling Redstone family in bid for independence
(Reuters) – CBS Corp filed a lawsuit on Monday to reduce the voting power of controlling shareholder National Amusements Inc, the movie theater company owned by Sumner and Shari Redstone, in an act of defiance aimed at thwarting the Redstones’ plan to …
Wall Street gains as trade worries subside
(Reuters) – U.S. stocks rose on Monday on signs of easing trade tensions between the United States and China after President Donald Trump softened his stance on Chinese technology company ZTE Corp.
Tesla CEO Musk tells staff he plans ‘thorough reorganization’
(Reuters) – Tesla Inc’s chief executive officer told employees on Monday the company is undergoing a “thorough reorganization,” as it contends with production problems, senior staff departures and two crashes last week involving its electric, self-dri…
