No Picture
Business News

U.S. to consider expanding Medicare drug price negotiation

WASHINGTON/NEW YORK (Reuters) – The Trump administration is considering expanding Medicare’s ability to negotiate the cost of drugs by giving private payers a role in setting the price of medicines administered in hospitals and doctors’ offices, Health and Human Services Secretary Alex Azar said on Monday.

…read more […]

No Picture
Trading Ideas

Watchdog: EPA’s Pruitt demanded 24/7 armed security on Day 1

Environmental Protection Agency Administrator Scott Pruitt demanded and received unprecedented around-the-clock armed security protection on his very first day, according to new details disclosed Monday by the agency’s internal watchdog. EPA Inspector General Arthur Elkins said in letters to Democratic senators that Pruitt himself initiated the 24-hour-a day protection. Pruitt’s staff has previously said the enhanced protection, which far exceeds that afforded to past EPA administrators, was triggered by death threats. …read more […]

No Picture
Business News

Wall St. edges higher on U.S.-China trade optimism

NEW YORK (Reuters) – Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset trade optimism following U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp, calming the waters amid U.S.-China trade tensions.

…read more […]

No Picture
Trading Ideas

Melania Trump in hospital for treatment of kidney condition

Melania Trump underwent a procedure Monday morning to treat a benign kidney condition and will likely be hospitalized for the rest of the week, the White House said. President Donald Trump was expected to visit his wife at Walter Reed Medical Center just outside Washington later Monday, according to a White House official who was not authorized to disclose the plan and spoke to The Associated Press on condition of anonymity. The White House did not offer any additional details on Mrs. Trump’s condition. …read more […]

No Picture
Business News

U.S. small caps near record highs, outperform larger rivals

SAN FRANCISCO (Reuters) – Wall Street’s modestly-sized publicly listed companies are beating out the heavyweights. The Russell 2000 , which tracks U.S. small capitalization companies, on Monday slipped 0.2 percent, but earlier in the session rose to within less than two points of its previous record high of 1,615.5 points.

…read more […]

No Picture
Trading Ideas

Trial delayed in Giants, Eli Manning memorabilia fraud case

A trial has been delayed in a lawsuit accusing New York Giants quarterback Eli Manning of selling bogus “game-worn” equipment to unsuspecting collectors as part of a long-running scam. Manning and Giants co-owner John Mara are on a list of potential witnesses for the trial. Manning and the team have denied the claims and have characterized lead plaintiff Eric Inselberg as a scam artist who sold fake memorabilia himself over a span of several years. …read more […]