Articles

J&J, Merck and Bristol Myers CEOs, under fire on Capitol Hill, seek to turn up heat on drug-market middlemen 

Drugmakers grilled on the cost of prescription drugs on Capitol Hill Thursday sought to deflect the criticism onto drug-market middlemen who they said are pushing list prices for medications higher.

Corn and soybean prices drop 8% to begin 2024 — and the EPA is partly to blame

Corn and soybean futures are falling, with disappointing U.S. mandates for plant-based renewable fuels contributing to weakness.

Investors see risk that inflation was hotter than reported for the end of 2023

Inflation revisions don’t generally make waves. But they did last year and it’s for this reason that investors are preparing for what Friday’s updated data might show.

Viking Therapeutics may offer investors a cheap entry to the weight-loss drug craze

Stock is trading at $28 compared with Eli Lilly’s $739 price tag. That could change if a trial of a pill version of its GLP-1 drug proves effective.

Markets are ‘fundamentally broken’ due to passive investing, says David Einhorn

Value investing is dead because passive investing has broken market structures, says hedge-fund legend David Einhorn.

Are chicken wings an appetizer or an entree? Your answer could cost restaurants a lot of money.

Chili’s recently changed its menu design to try to prevent customers from ordering the starter as a main dish.

Inflation is slowing, but Americans are still paying the price

The economy is still booming by many measures — such as gross domestic product, job creation and unemployment — but Americans still aren’t all that happy.

Roanoke College adds its name to schools offering cannabis degrees as jobs beckon

While the cannabis business remains volatile, more educational programs are being launched as state-legal marijuana programs gear up.

Regional-bank bondholders seem unworried by New York Community Bank’s problems

While regional-bank stocks continue to be dragged down by the troubles assailing New York Community Bank, their bonds are holding up, suggesting bondholders view NYCB’s issues as isolated.

If you work from home, you risk becoming a ‘loser,’ Minneapolis mayor jokes

Three in 10 full-time workers now have hybrid schedules and another 12% are fully remote.

Ralph Lauren’s stock rallies to a nine-year high, with some help from Taylor Swift

Shares of Ralph Lauren Corp. soared Thursday to the highest prices seen in nine years after the luxury lifestyle-products company delivered a big fiscal third-quarter profit beat amid strong holiday sales and a jump in direct-to-consumer sales.

Mortgage rates barely budge amid uncertainty over Fed rate cuts

The 30-year mortgage rate is averaging at 6.64%, Freddie Mac said in its latest weekly survey on Thursday.
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