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Monthly Archives: January 2018

Vertex chooses two drugs to advance in cystic fibrosis triple combinations

Suzanne Kreiter | The Boston Globe | Getty Images Jeffrey Leiden, CEO of Vertex Pharmaceuticals. Vertex Pharmaceuticals said it’s chosen which two medicines to move into the final stage of testing in combination with two other drugs for cystic fibrosis, a key step to extending potential treatment options to 90 …

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Changes reduced time spent on Facebook 50 mln hours daily

David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., speaks during the F8 Developers Conference in San Jose, California, U.S., on Tuesday, April 18, 2017. Facebook CEO Mark Zuckerberg said Wednesday that the changes the company made to its service last …

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Pharmacist tied to meningitis outbreak gets eight years in prison

Nate Raymond | Reuters Former New England Compounding Center supervisory pharmacist Glenn Chin enters the federal court in Boston, Massachusetts, September 19, 2017. A Massachusetts pharmacist was sentenced on Wednesday to eight years in prison after being convicted on racketeering and fraud charges stemming from his role in a 2012 …

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Insurance claims from California wildfires near $12 billion

Josh Edelson | AFP | Getty Images Firefighters douse flames as a home burns in the Napa wine region in California on October 9, 2017, as multiple wind-driven fires continue to whip through the region. Insurance claims from last year’s deadly California wildfires have reached $11.8 billion, Insurance Commissioner Dave …

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Jack Dorsey’s Square launches bitcoin trading for Cash app users

Louis Ascui | Fairfax Media | Getty Images Jack Dorsey, CEO of Square Nearly all users of Square’s Cash payments app can now buy and sell bitcoin on the platform, CEO Jack Dorsey announced Wednesday. The service will not be available for customers in New York state, Georgia, Wyoming and …

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How financial markets performed during the Yellen Fed years

Fed Chair Janet Yellen leaves her post after four years this week, and during her tenure it was smooth sailing for stocks, with tech shares doubling and financial stocks springing back to life. The Nasdaq 100 gained 97 percent and emerging market stocks soared, with the Argentine Merval jumping nearly …

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Trump cites 401(k) gains in speech, yet most workers don’t have one

Win McNamee | Bloomberg | Getty Images President Donald Trump applauds while delivering a State of the Union address to a joint session of Congress at the U.S. Capitol in Washington, D.C., U.S., on Tuesday, Jan. 30, 2018. President Donald Trump touted the strong performance of 401(k) accounts during his …

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Fox reaches 5-year deal with the NFL to broadcast Thursday Night Football

Matthew Pearce | Icon Sportswire | Corbis | Getty Images Fox sideline reporter Erin Andrews interviews Philadelphia Eagles quarterback Mark Sanchez (3) after the game between the Dallas Cowboys and the Philadelphia Eagles at AT&T Stadium in Arlington, Texas. FOX Sports has reached an agreement with the National Football League …

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Trump vows to protect US intellectual property, without naming China

Reuters President Donald Trump speaking at the State of the Union address at the US Capitol in Washington, DC, on January 30, 2018. U.S. President Donald Trump vowed on Tuesday to protect American intellectual property, but made no mention of China, which his administration has accused of trade abuses, in …

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US Treasury plans bigger debt auctions and warns on the federal debt limit

Denis Balibouse | Reuters Steven Mnuchin, U.S. Secretary of the Treasury, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. U.S. Treasury Secretary Steven Mnuchin on Wednesday called on Congress to lift the nation’s debt limit “as soon as possible” so that the federal government …

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