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Monthly Archives: October 2017

Biotech, pharma shares drop after Trump says ‘drug prices are out of control’

Evan Vucci | AP President Donald Trump speaks during a cabinet meeting at the White House, Monday, Oct. 16, 2017, in Washington. President Donald Trump is criticizing high drug prices again, sending health-care stocks lower Monday. The iShares Nasdaq Biotech ETF erased its gains for the day after Trump’s comments, …

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Judge refuses to throw out case against New Jersey senator

Peter Foley | Bloomberg | Getty Images Senator Robert Menendez, a Democrat from New Jersey, exits federal court in Newark, New Jersey, U.S., on Wednesday, Oct. 11 2017. In a big defeat for Democratic Sen. Bob Menendez, the judge at his corruption trial Monday refused to throw out any of …

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Brazil’s JBS withdraws plan for US processed food unit IPO

Ueslei Marcelino | Reuters Workers at the Brazilian meatpacker JBS SA in the city of Lapa, Parana state, Brazil, March 21, 2017. JBS SA has pulled a planned $500 million initial public offering of processed food subsidiary JBS Foods International BV, almost six months after a spree of corruption and …

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The Rapper NF Tops the Chart With ‘Perception’

Photo Nathan Feuerstein, a.k.a. NF, performing in 2015. His album “Perception” (Caroline) opened at the top of the latest Billboard album chart. Credit Jonathan Leibson/Getty Images for VITY A year ago, Nathan Feuerstein, better known to his fans as NF, was a Michigan rapper with a heavy Eminem influence, on …

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PG&E shares drop on growing concerns about California wildfires liability

Shares of PG&E dropped more than 7 percent on Monday as investors fled on worries the giant electric utility company could suffer steep losses if it’s found liable for the Northern California wildfires. The stock was also trading at levels not seen since January 2016 and was the worst performer …

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Is Trump Imitating Fiction? Or Is Fiction Imitating Trump?

Yet for all of its spooky prescience at anticipating the headlines, critics — not least among them some of Mr. Trump’s supporters — have accused Mr. Freedland of writing a morally repugnant literary recipe book for murder. “Anti-white journalist Jonathan Freedland has written a thinly veiled assassination fantasy targeting Donald …

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Oil rises toward six-month high as Iraq conflict threatens output

Oil prices closed in on the highest level in six months as a conflict in Iraq spilled over into one of the nation’s key crude-producing hubs. Iraqi forces on Sunday launched a campaign to retake control of the area surrounding Kirkuk, an ethnically diverse area controlled by the semiautonomous Iraqi …

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This series of new iPhones will be Apple’s most successful ever, says analyst Ives

Josh Edelson | AFP | Getty Images People take photos as a woman tests out a new iPhone X during a media event at Apple’s new headquarters in Cupertino, California on September 12, 2017. The new iPhone X will drive Apple’s smartphone sales to a new record, according to one …

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Top Trump advisor Cohn says tax reform has to get done this year

Getty Images Director of the National Economic Council Gary Cohn speaks during the daily news briefing at the James Brady Press Briefing Room of the White House, September 28, 2017 in Washington, DC. Gary Cohn, the top economic advisor to the White House, said Monday that tax reform has to …

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Credit card data shows delinquencies rose in September

Patrick T. Fallon | Bloomberg | Getty Images A customer signs for a purchase with a chip credit card at a Wal-Mart location in Burbank, California. Credit card delinquency rose for the third straight month in September, data from JPMorgan Chase & Co and card issuer Discover Financial Services suggested …

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