June 11, 2020

U.S. states accuse 26 drugmakers of generic drug price fixing in sweeping lawsuit

Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition […]
June 11, 2020

Taco Bell parent Yum sues Grubhub for allegedly violating delivery deal

Taco Bell parent Yum Brands Inc sued Grubhub Inc on Thursday for allegedly violating a delivery contract, a day after Europe’s Just Eat Takeaway.com agreed to […]
June 11, 2020

Wall Street plunges to close with biggest one-day loss since March 16

Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve. Powered […]
June 11, 2020

Global stocks tumble, safe-haven assets rally on downbeat Fed outlook

Global equity markets fell sharply on Thursday in their worst sell-off since markets crashed in March, while safe-haven assets rose after the Federal Reserve’s sobering outlook […]
June 11, 2020

Google’s new rules clamp down on discriminatory housing, job ads

Alphabet Inc’s Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to its users based on […]
June 11, 2020

Microsoft bans police face recognition sales as Big Tech reacts to protests

Microsoft Corp on Thursday said it would await federal regulation before selling facial recognition to police departments, making it the latest big firm to back away […]
June 11, 2020

Zuckerberg’s former aide Chris Cox returns to Facebook as product head

Facebook Inc’s former chief product officer, Chris Cox, is returning to his role, according to his post https://www.facebook.com/photo.php?fbid=10105509261342903&set=a.692319249513&type=3&theater on the social media platform. Powered by WPeMatico
June 11, 2020

Oil prices slump 8% as virus-related demand concerns resurface

Oil prices tumbled about 8% a barrel on Thursday, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude […]
June 11, 2020

Wall Street hammered by fears of spurt in virus infections, economic worries

U.S. stocks slumped on Thursday with the Dow shedding over 5% and the index on track for its sharpest one-day decline since March 18, as investors […]
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