February 6, 2019

At least four pharma CEOs to testify at Senate drug pricing hearing

Drugmakers Pfizer Inc, Bristol-Myers Squibb Co and Sanofi SA said on Wednesday that their chief executives plan to testify at a Senate hearing on rising prescription […]
February 6, 2019

Novartis CEO says U.S. rebate plan will return cash to patients

Novartis AG Chief Executive Vas Narasimhan said his company’s prescription drug prices have been “flat to negative” over the last three years, and directed blame for […]
February 6, 2019

Wall Street rally pauses after underwhelming revenue forecasts

U.S. stocks edged lower on Wednesday as videogame makers reported disappointing revenue forecasts and investors awaited developments on U.S.-China trade relations. Powered by WPeMatico
February 6, 2019

High-margin pickup trucks drive GM profit, shares rise

General Motors Co on Wednesday reported a quarterly profit that exceeded Wall Street expectations, thanks to high-margin pickup trucks and small SUVs in the U.S. market […]
February 6, 2019

U.S. trade deficit for November falls as imports decline

The U.S. trade deficit narrowed sharply in November amid declines in imports of cellphones and petroleum products. Powered by WPeMatico
February 6, 2019

Wall Street dips at open after Trump’s speech

U.S. stocks opened slightly lower on Wednesday as investors evaluated developments around U.S.-China trade talks and President Donald Trump’s State of the Union address, which offered […]
February 6, 2019

China sales buoy Toyota’s profit, but U.S. weakness persists

Toyota Motor Corp’s quarterly profit edged up as demand for its bread-and-butter car models from cost-conscious Chinese buyers helped offset bleak North American sales, although the […]
February 6, 2019

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 […]
February 6, 2019

Alstom rallies as investors hope for new deal after Siemens veto

Alstom shares rallied on Wednesday after Brussels rejected the French rail manufacturer’s plan to merge with Siemens’ rail division to create a powerful European rail business. […]
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