Coverage: Merck reports positive results for cancer drug
Merck & Co. disclosed Monday that its Keytruda cancer medicine helped previously untreated lung cancer patients live longer than chemotherapy in a late-stage trial, which may solidify its position as the leading drug maker in this lucrative market. Tamara Mathias of Reuters had the story: Shares of the drugmaker were up 3.1 percent at $55.07. Merck is […]
Talking Biz News Today — April 10, 2018
Some of Tuesday’s top business news stories: Associated Press Body parts from threatened wildlife widely sold on Facebook, by Michael Biesecker and Michael Liedtke Major banking groups side with Senate in Dodd-Frank overhaul, by Kevin Freking Bloomberg Another rally crumbles on a volatile Monday, by Lu Wang and Elena Popina The great Blackstone swaps saga just became a whole lot crazier, by Sridhar Natarajan […]
Coverage: Kinder Morgan suspends pipeline work
Kinder Morgan said Sunday it is suspending all non-essential activities and related spending on its controversial Trans Mountain pipeline expansion project that would nearly triple the flow of oil from Canada’s oil sands to the Pacific Coast. Rob Gillies of The Associated Press had the story: The company said its decision is based on the British […]
Talking Biz News Today — April 9, 2018
Some of Monday’s top business news stories: Associated Press Facebook to send Cambridge Analytics data-used messages on Monday, by Barbara Ortutay UN, Singapore concerned about rising trade tensions, by Dake Kang Bloomberg Deutsche Bank leans toward replacing Cryan with Sewing, by Steven Arons and Eyk Henning Trump predicts China will be first to buckle in trade dispute, by Ros Krasny and Sho Chandra […]
Coverage: Trade deficit rises to near 10-year high
The U.S. trade deficit increased to a near 9-1/2-year high in February, with both imports and exports rising to record highs in a sign of strong domestic and global demand. Lucia Mutikani of Reuters had the news: News on Thursday of the worsening trade deficit came as the United States and China were embroiled in tit-for-tat […]
Talking Biz News Today — April 6, 2018
Some of Friday’s top business news stories: Associated Press Mulvaney gives big pay bumps to his hires at consumer agency, by Ken Sweet Target settles suit claiming its hiring practices discriminated, by Joseph Pisani Bloomberg Dollar rebound hinges on jobs report, by Ivan Levingston and Lananh Nguyen Facebook’s Sandberg reassures investors after pause by a “few,” by Sarah Frier Fortune Amazon […]
Coverage: Facebook ups number of users with data shared to 87 million
Facebook said on Wednesday the number of users whose information was improperly shared with Cambridge Analytica is 87 million — higher than previously reported estimates of 50 million — and said “most people on Facebook could have had their public profile scraped.” Sara Salinas of CNBC.com had the news: Facebook issued the number in a lengthy post by CTO […]
Talking Biz News Today — April 5, 2018
Some of Thursday’s top business news stories: Associated Press Congress’ challenge: How to tame industry giant Facebook, by Richard Lardner and Mary Clare Jalonick Stocks surge as market escapes early plunge on trade fears, by Marley Jay Bloomberg San Francisco’s median house price hits a new high: $1.6 million, by Noah Buhayer Oracle’s Safra Catz raises Amazon contract fight with […]
Coverage: Spotify goes public, closes above offering price
Spotify enjoyed a successful Wall Street debut on Tuesday, garnering a $26.5 billion valuation and closing at $149.01, about 13 percent more than the $132 reference price set by the New York Stock Exchange based on how the stock traded on private markets before public trading began. Hamza Shaban and Renae Merle of The Washington Post had the news: Spotify’s […]
Talking Biz News Today — April 4, 2018
Some of Wednesday’s top business news stories: Associated Press U.S. proposes tariffs on $50 billion in China imports, by Paul Wiseman Sky News could be sold to Disney under new plan, by Gregory Katz Bloomberg WPP’s Martin Sorrell is target of misconduct investigation, by Joe Mayes Tesla’s Model 3 is now America’s best-selling electric car, by Tom Randall […]
