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AbbVie’s quarterly results top estimates as newer drugs cushion Humira’s slide

AbbVie on Thursday reported second-quarter sales and profit that beat expectations as newer immunology drugs delivered the rapid growth needed to offset plunging sales of blockbuster Humira.

Southwest Airlines to move ahead with assigned seating and premium seating options

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Here’s the one factor that can douse the benefits of stock buybacks, according to Morgan Stanley

A Morgan Stanley fund crunched the numbers on companies that do buybacks while awarding employees stock

Oil prices fall after another China rate cut underlines demand worries

Oil futures fell early Thursday after China’s central bank delivered another cut to rates, underlining worries about demand from the world’s second largest crude consumer.

Nestle and Unilever see share prices diverge on rival price hiking strategies

Nestle hiked its prices at a faster rate than its rival Unilever in a strategy that saw the Swiss firm’s revenue drop as its British competitor posted an increase in its sales over the same period

‘We’re still paid less and do more unpaid child care’: What have Kamala Harris and Hillary Clinton done for working women like me? Not much.

“I’m doubtful whether more women and women of color in senior positions is moving the needle.”

Actor Gary Sinise just sold this palatial SoCal mansion for $6.9 million

Nestled on 28 lush acres in a gated development, the residence features a media room, pool, a pool house with a kitchen, and tennis court.

Treasury yields slide ahead of U.S. GDP report and amid broad risk-off mood

U.S. bond yields fell early Thursday as a global stock market pullback drove investors into sovereign debt and traders awaited U.S. GDP and jobs data.

Kering shares fall even further as Gucci owner posts 20% drop in sales

Kering warned it could see its profits slip by 30% in the second half of 2024 on the back of a slump in the wider luxury sector

Universal Music Group, a massive holding of Bill Ackman, sees stock-price tumble on streaming worries

Shares in Universal Music Group, a big holding of Bill Ackman’s Pershing Square Capital Management, lost more than a quarter of its value on Thursday on concerns over streaming revenue.

Lineage raises $4.4 billion in year’s largest IPO to date

Lineage Inc. priced its initial public offering at $78 a share late Wednesday, raising $4.4 billion in the largest IPO so far this year.

Biden says he’ll keep fighting to lower costs as he passes the torch

President Joe Biden on Wednesday said he’ll continue to focus on combatting inflation, while describing his decision to exit the White House race as a way to get unity.
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