Breaking News: Business
Biogen faces tough questions on $56K-a-year price of new Alzheimer’s drug
A person skateboards past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Biogen on Tuesday faced tough questions from Wall Street analysts over the $56,000 annual cost of its newly approved Alzheimer’s drug, Aduhelm – a price tag executives are calling “fair” and “responsible.” Shares …
Ford’s new Maverick hybrid pickup starts at $19,995 and gets 40 mpg
DETROIT – Ford Motor’s new Maverick truck will be the first pickup in America with a standard gas-electric hybrid engine when it goes on sale this fall starting at about $20,000. The company unveiled the compact pickup Tuesday as the smallest vehicle in its highly profitable truck lineup, slotting below the full-size Ford F-150 and …
Virgin Galactic completes third spaceflight of VSS Unity
Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Virgin Galactic took a step closer to completing development of its space tourism system on Saturday, successfully flying its first spaceflight in …
Peloton delays May launch of its less expensive treadmill in the U.S.
Peloton introduces a treadmill to their product line. Emily Gaffney | CNBC Peloton said Thursday it will delay the launch of its Tread machine in the United States, until new safety features are added. The new, less expensive treadmill was set to go on sale May 27. It had already been available in Canada and …
U.S. backs waiving patent protections for Covid vaccines, citing global health crisis
WASHINGTON — The Biden administration announced Wednesday that it supports waiving intellectual property protections for Covid-19 vaccines, as countries struggle to manufacture the life-saving doses. “This is a global health crisis, and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures. The Administration believes strongly in intellectual property protections, but in service of ending this …
GameStop shares jump after CEO steps down, ‘Roaring Kitty’ raises stake
Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters GameStop rallied on Monday after the brick-and-mortar video game retailer announced its succession plan as it seeks to pivot to e-commerce following a historic Reddit-fueled short squeeze earlier this year. Shares of …
Suez Canal traffic resumes after cargo ship Ever Given is moving again
A view shows the container ship Ever Given, one of the world’s largest container ships, after it was partially refloated, in Suez Canal, Egypt March 29, 2021. Suez Canal Authority | Reuters The Ever Given, the massive container ship that became wedged in the Suez Canal and cut off traffic in the vital waterway for …
SPACs break 2020 record in just 3 months
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) Photo by Johannes Eisele | AFP | Getty Images It took the SPAC market just three months to …
Treasury auctions are normally mundane affairs, but Wednesday’s could make or break the stock market
Traders work on the floor of the New York Stock Exchange. NYSE Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation. “It’s been a long time since stock traders have cared about bond auctions,” Matt Maley …
Meghan Markle and Prince Harry’s CBS interview with Oprah ratings
Oprah Winfrey interviews Prince Harry and Meghan Markle. Harpo Productions | Joe Pugliese | Getty Images Around 17.1 million people tuned in for Oprah Winfrey’s Sunday night interview with Prince Harry and Meghan Markle on CBS, according to network, citing Nielsen data. The two-hour sit down, called “Oprah with Meghan and Harry: A CBS Primetime …
