The drugmaker lost over one-quarter of its stock-market value after the company said a dispute with health regulators might cost it $600 million and reduce future sales for Acthar, one of its top-selling products.
After customers reported issues with three generations of its Mac laptop keyboard, Apple is changing a component material and expanding its keyboard repair program.
Economist Judy Shelton, a potential Trump nominee to the Federal Reserve, said in an interview that she would bring a “different perspective” to the central bank and press for a change in how it sets interest rates.
President Trump intends to promote the Treasury Department’s top lawyer, Brent McIntosh, to the position of its top financial diplomat, the White House said Monday.
Federal Reserve Bank of Boston chief Eric Rosengren said he sees no reason to change central bank interest rate policy right now, adding that sustained tariffs could accelerate a return to the Fed’s 2% inflation target.
Sales of previously owned U.S. homes declined for the second month in a row in April, suggesting continued weakness in the housing market despite the strong labor market.
Huawei denounced U.S. actions against the company as “bullying” and implored European governments to resist American pressure to follow suit in a bid to safeguard one of its most lucrative markets.
Coca-Cola is using one of its biggest failures as a marketing tool, bringing back New Coke for a limited time in a cross-promotion with Netflix’s retro science-fiction horror series “Stranger Things.”
Sales at Kohl’s and J.C. Penney weakened in the latest quarter as the retailers experienced a slower start to the year, sending their shares down sharply in premarket trading.
By touring a region of China that calls itself a rare-earths kingdom, Chinese President Xi Jinping pinpointed a source of leverage his government has over high-technology industries critical to the U.S. economy.
PPG Industries plans to forge ahead with its current portfolio and won’t split off key paints and coatings businesses.
India’s antitrust watchdog is assessing the domestic e-commerce sector, a step that could have consequences for Amazon and Walmart-controlled Flipkart, which dominate the country’s online sales.
Airbus supported upgrading older-model planes for efficiency—instead of always pursuing brand-new designs—after the two crashes by Boeing’s 737 MAX planes raised questions about whether legacy planes can evolve safely.
Four weeks after faulty sensor data led a 737 MAX jet to crash in Indonesia last year, a Boeing executive raised and dismissed the possibility of a bird collision triggering a similar sequence of events that could cause a second disaster.
Merck agreed to acquire cancer drug developer Peloton Therapeutics for $1.05 billion in cash, adding to a list of deals in 2019 by pharmaceutical companies looking to bolster their cancer treatment portfolios.
Urban Outfitters is jumping into clothing rental, trying to tap one of the fastest-growing areas of fashion without discouraging people from shopping at its stores.
Home Depot sales rose in the fiscal first quarter, lifted by higher customer transactions, though same-store sales growth was weaker than analysts had expected.
The U.S. Postal Service is testing self-driving trucks on a more than 1,000-mile mail run between Phoenix and Dallas, the post office’s first use of the technology for long hauls.
The European Central Bank’s efforts to revive growth have spurred a flurry of investment and deal making.
The U.S. has sharply slowed approvals for the nation’s semiconductor companies to hire Chinese nationals for advanced engineering jobs, according to industry insiders, limiting access to talent.
While many parents won’t even entertain the idea of allowing their children to be on YouTube, others view the medium as a creative outlet that can teach their children life skills, such as planning, storytelling and composure.
Conflicts between the U.S. and its major trade partners have weakened business investment around the world, threatening to hamper future as well as current rates of economic growth, the OECD said.
The co-founder of SenseTime, a Chinese artificial-intelligence startup under fire for the use of its facial-recognition technology in mass-surveillance systems, said its technology should be regulated rather than banned.
A former top U.S. trade negotiator said talks with China for a trade deal had made significant progress despite recent setbacks and an agreement would eventually be reached.
U.S. officials said they would grant a handful of temporary exceptions to an export blacklist against Huawei Technologies Co., giving suppliers and customers of China’s telecom giant a 90-day reprieve from tough trade penalties.
Federal Reserve Chairman Jerome Powell said financial regulators must take seriously potential dangers that rising levels of business debt pose to the U.S. economy but said some comparisons to last decade’s subprime mortgage bubble overstate the risks.
Legg Mason confirmed it reached an agreement with Trian Fund Management on the composition of its board, naming Nelson Peltz and Ed Garden as directors.
Duke and the University of North Carolina are fierce competitors on the basketball court, but when it comes to medical hiring, they have been cozy collaborators, according to a class action that Duke moved to settle for $54.5 million.
Inventor of Bunch O Balloons received payout after rulings found rival TeleBrands infringed on patents.
General Motors Co.’s Maven car-sharing service will wind down service in eight of the 17 North American cities it currently operates in within the next few months, a GM spokeswoman said.
American Airlines said Monday that it is suing two unions representing its mechanics in an effort to end an alleged work slowdown.
Snap promoted two executives internally to run its finance and personnel units, respectively, completing Chief Executive Officer Evan Spiegel’s remaking of the leadership team after a series of recent departures.
Dressbarn, a unit of Ascena Retail Group, plans to eventually close its roughly 650 stores.
“Game of Thrones” set an HBO ratings record Sunday night as 19.3 million viewers tuned in to watch the epic’s final episode in the U.S.
New York Fed leader John Williams said Monday the central bank’s views on how low the unemployment rate can go without sparking inflation have evolved.
The health-care sector is beaten down by policy concerns, but its relatively attractive valuation and defensive properties could make it shine.
Tesla’s stock dropped 5%, highlighting the electric car maker’s challenges including its balance sheet and Model 3 vehicle demand.
Europe’s central banks haven’t been able to wean the eurozone from cheap money, which distorts economies and leaves little ammunition to cushion the next downturn. “We are on a painkiller, and it’s very hard to get off it.”
FCC Chairman Ajit Pai said he would back the more than $26 billion combination of cellphone carriers T-Mobile US and Sprint after the companies agreed to a package of concessions.
Ford Motor said it is cutting 7,000 salaried employees, or about 10% of its white-collar workforce, as part of Chief Executive Jim Hackett’s broader plan to revitalize the auto maker.
In China, fans of “Game of Thrones” were unable to watch the much-anticipated finale of the epic series. HBO said it was due to the ongoing U.S.-China trade dispute.
Philadelphia Fed leader Patrick Harker said human judgment is critical in making monetary policy, in comments that pushed back on the setting of interest-rate policy by rules alone.
The backlash against single-use plastic has engulfed straws, bags and takeout containers, but the plastics industry is fighting back, arguing alternatives can be worse for the environment and disruptive for businesses.
Dish Network says it will acquire parts of satellite company EchoStar in an all-stock deal valued at about $800 million.
Apple, Dell and two other U.S. technology companies are set to give up their preferred shares in the Japanese chip maker for more than $4 billion under a refinancing plan.
European businesses in China say forced technology transfers to local firms have become more common over the past two years as foreign firms battle for access in the world’s second-largest economy.
Google is halting some services for smartphones made by Huawei, a sign that the U.S. decision to deny the Chinese tech giant access to U.S. technology will bite into its booming consumer-device business.
American chemicals company Blue Line and Australian miner Lynas are seeking to shore up supplies of important commodities caught up in the U.S.-China trade conflict.
Ryanair, Europe’s largest budget airline and the region’s largest customer for Boeing’s 737 MAX jets, warned that its profit for this year would be dented by the plane’s global grounding.
‘Game of Thrones,’ the HBO series that achieved epic scale and success, ended Sunday, in a mass live-viewing experience of the kind that is now almost unheard for serialized television.
The Japanese economy unexpectedly grew in the first quarter of 2019 supported by government spending, although there were some worrying signs connected to the U.S.-China trade dispute.
Spending on factories, equipment and other capital goods slowed in the first quarter among a broad cross-section of large, U.S.-listed firms, bolstering investor concerns that a key driver of economic growth is fading.
In the week ahead, surveys of purchasing managers in the eurozone are released. In the U.S., data on existing- and new-home sales and durable goods orders are released.
New data show they’re in worse financial shape than every preceding living generation, and may never recover. Their woes have delayed traditional adult milestones in ways expected to alter the nation’s demographic and economic contours.
Lions Gate won a respite from its box-office woes as its latest film, “John Wick: Chapter 3—Parabellum” nabbed the top spot, with the biggest opening weekend in the action-thriller franchise’s five-year history.
Fiat Chrysler’s Ram pickup trucks are closing the market-share gap with rivals by offering aggressive rebates and interiors like those of a luxury SUV, analysts and buyers say.
Uber Technologies grew to be the nation’s most valuable startup thanks to support from some of the biggest investors around, but that support became a liability when the ride-hailing giant made its stock-market debut.
Nvidia is facing new threats to its market dominance in chips built for artificial intelligence as rivals enter the race to power everything from customer-service chatbots to robotic lawn mowers.
Apple has built a hub for all your content, no matter where it comes from or which app you use to watch it. It’s a very good idea, but the execution only serves to show how confusing and broken the TV landscape is.
U.S. meat suppliers say they expect China’s outbreak of African swine fever to lead to higher prices for pork and bacon, and eventually to push up meat prices globally.
Investors are worried that Bayer’s liabilities from Monsanto’s allegedly carcinogenic weedkiller Roundup are only going to rise, pushing shares into a downward spiral.
OPEC and its allies are set to debate at least two scenarios that would increase oil production beyond current levels, according to people familiar with the discussions.
A national backlash is building against employers’ noncompete agreements, which increasingly have crept into contracts for lower-wage workers.
The world’s biggest videogame publishers are paying popular gamers tens of thousands of dollars to play their latest releases live over the internet, hoping to break through to buyers in a crowded industry where dominant games like “Fortnite” cast a large shadow.
A cadre of powerful consultants known as the ‘Guild’ is helping companies decide where to build their latest projects. Hunting trips, ski slopes and NFL locker rooms are part of the gig.
Nike Inc. said it is adding language to new contracts for female athletes that will protect their pay during pregnancy, after coming under fire for cutting compensation for some athletes.
With U.S.-China trade talks at an impasse, President Trump moved to tackle festering trade disputes with U.S. allies and North American neighbors. The administration agreed to end metals tariffs on Canada and Mexico, and postponed a decision on auto tariffs.
U.S. companies that rely on doing business across borders in North America welcomed a potential return to more open trade after President Trump said he would remove tariffs on steel and aluminum from Canada and Mexico.
Wynn Resorts Ltd. and MGM Resorts International are in talks for Wynn to sell Encore Boston Harbor, its Boston-area casino project, to rival MGM.
CBS Corp. has had talks with Lions Gate Entertainment Corp. about acquiring its pay-TV channel Starz, according to people familiar with the matter.