Dow rises 100 points ahead of Fed decision and Big Tech testimony
Stocks rose slightly on Wednesday as investors awaited a congressional hearing on antitrust in Big Tech as well as the Federal Reserve’s latest policy decision. The Dow Jones Industrial Average gained 100 points, or 0.4%. The S&P 500 climbed 0.8%. The Nasdaq Composite advanced 1%. The Fed will conclude its two-day policyContinue Reading
Pfizer CEO says Trump’s executive orders overhauling U.S. drug pricing will upend the industry
Albert Bourla, Pfizer Gian Ehrenzeller | Keystone | AP President Donald Trump’s executive orders aimed at lowering U.S. prescription drug costs will cause “enormous destruction” as the pharmaceutical industry races to develop vaccines and treatments for the coronavirus, Pfizer CEO Albert Bourla told investors Tuesday. Trump on Friday signed four executive orders designedContinue Reading
Ro raises $200 million at $1.5 billion valuation, $250 million sales
Ro, an online health start-up, has built a big business by asking consumers to pay cash to help alleviate many of the most common medical complaints without having to visit a doctor in person. The company, which started out by selling hair loss supplements and erectile dysfunction medication to men,Continue Reading
Should kids return to school? 20 medical experts weigh in
Social distancing dividers for students are seen in a classroom, July 14, 2020. Lucy Nicholson | Reuters Parents everywhere are grappling with the question whether it’s safe to send their children back to school. The Centers for Disease Control and Prevention recently released guidelines emphasizing that students get back to theContinue Reading
Mnuchin says $1 trillion GOP coronavirus relief plan ready
Treasury Secretary Steven Mnuchin, delivers remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ Roll Call | Getty Images Treasury Secretary Steven Mnuchin on Sunday said Republicans have finalized their latest piece of coronavirus relief legislation, worthContinue Reading
Singapore PM flags retirement delay over virus as he unveils cabinet
Singapore’s Prime Minister and secretary-general of the ruling People’s Action Party Lee Hsien Loong looks at members of the media as he prepares to leave after voting in the general election in Singapore on July 10, 2020. Roslan Rahman | AFP | Getty Images Singapore Prime Minister Lee Hsien LoongContinue Reading
Trump announces series of executive orders aimed at lowering drug costs
President Donald Trump announced Friday he will sign four executive orders aimed at lowering the high cost of prescription drugs in the United States in what he said would make sweeping changes to the prescription drug market in the U.S. if they are finalized. The orders, which are subject to theContinue Reading