The Problem With Lilly is the Problem With Pharma – Wall Street Journal

It won’t be a cheerful Thanksgiving for pharmaceuticals shareholders. Eli Lilly announced its closely watched late-stage trial for solanezumab, an experimental Alzheimer’s disease treatment, failed Wednesday morning. Lilly said in a statement the company won’t be pursuing regulatory approval for the drug and will take a $150 million charge against fourth-quarter earnings. In response, shares fell 11% in morning […]

S&P dips lower after hitting record high; health care falls nearly 2% – CNBC

U.S. equities traded mostly higher on Tuesday, after hitting new all-time highs, as investors digested housing data and kept an eye on President-elect Donald Trump‘s policy agenda. The Dow Jones industrial average broke above 19,000 for the first time ever shortly after the open. As of 11:31 a.m. ET, however, it traded just 10 points […]

Trump won’t pursue case against Clinton, Conway says – Washington Post

Trump won’t pursue case against Clinton, Conway says – Washington Post

President-elect Donald Trump has decided that he won’t seek criminal investigations related to former rival Hillary Clinton’s private email server or her family foundation, his campaign manager said Tuesday Trump’s apparent decision, conveyed by Kellyanne Conway in an interview on MSNBC’s “Morning Joe,’’ is a change from his campaign rhetoric, in which he issued incendiary […]

Police clash with North Dakota pipeline protesters, arrest one – Reuters

Hundreds of protesters opposed to a North Dakota oil pipeline project they say threatens water resources and sacred tribal lands clashed with police who fired tear gas at the scene of a similar confrontation last month, officials said. An estimated 400 protesters mounted the Backwater Bridge and attempted to force their way past police in […]

Toyota in $3.4 Billion Settlement Over Corrosion in Some Trucks and SUVs – Wall Street Journal

Toyota Motor Corp. has agreed to pay up to about $3.4 billion to settle claims that certain of its trucks and sport-utility vehicles lacked proper rust protection, leading to premature corrosion of vehicle frames. The agreement is a substantial financial setback at a time when the Japanese auto giant’s record-breaking profit streak has slowed in recent […]

Here’s Why the Qualcomm-NXP Deal Makes Sense – Fortune

Qualcomm CEO Steve Mollenkopf sat out last year’s merger mania in the semiconductor market, even as his company’s core smartphone chip business slowed. But with expectations rising for a deal this year, Mollenkopf may have hit on one of the savvier acquisitions in the industry. By adding NXP Semiconductors for a total of $47 billion […]

Orders for U.S. Capital Goods Decline by Most Since February – Bloomberg

Orders for U.S. Capital Goods Decline by Most Since February – Bloomberg

Orders for U.S. business equipment fell in September by the most in seven months, indicating corporate investment is having trouble gaining traction. Bookings for non-military capital goods excluding aircraft dropped 1.2 percent, erasing a 1.2 percent August gain that was stronger than previously reported, Commerce Department data showed Thursday. The median forecast of economists surveyed […]