The Federal Aviation Administration is meeting with international air regulators Thursday from around the world to assess the status of the grounded Boeing Co 737 MAX and what steps are needed to return it to service.
The United States and China had a heated exchange on Thursday, with U.S. Secretary of State Mike Pompeo accusing the chief executive of Huawei Technologies of lying about his company’s ties to the communist government and Beijing saying Washington must end its “wrong actions” if it wants trade talks to continue.
Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity slowed to its lowest level in nearly a decade in May, pointing to a slowdown in economic activity.
Novartis Chief Executive Vas Narasimhan said takeover targets in China for global pharmaceuticals companies are scarce due to little drug discovery by local firms, worries over data quality and regulatory standards in the most-populous country.
British drugmaker GlaxoSmithKline said on Thursday it will change incentives for sales representatives in some countries as it looks to retain talent.
The International Civil Aviation Organization council is holding an “informal briefing” on the grounded Boeing Co 737 MAX on Thursday, a spokesman said.
Wall Street’s main indexes fell more than 1% on Thursday, as technology stocks were hammered by fears that the U.S.-China trade spat could turn into a tech cold war between the two countries.
Tesla Inc is on course to top its record for quarterly deliveries in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an email from Chief Executive Officer Elon Musk to staff.
Best Buy Co Inc on Thursday stuck to its full-year forecast due to the impact of the latest U.S. tariffs on Chinese imports and warned any new levies would increase prices for U.S. shoppers, sending its shares down as much as 5.4%.
China said the United States needs to correct its “wrong actions” in order for trade talks to continue after it blacklisted Huawei, a blow that has rippled through global supply chains and battered technology shares.
U.S. Secretary of State Mike Pompeo said on Thursday the chief executive of China’s Huawei Technologies was lying about his company’s ties to the Beijing government, and he believed more American companies would cut ties with the tech giant.
Deutsche Bank’s chief executive promised shareholders “tough cutbacks” at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s biggest lender, whose shares hit a record low.
U.S. stocks opened lower on Thursday, as investors feared that the U.S.-China trade spat could spiral into a technology cold war between the two countries, with no signs of a resolution in sight.
Novartis could reach its main drugs business’s margin target “a little sooner” than 2022, as it now forecasts, as it cuts costs and as new drugs including gene therapy accelerate, Chief Executive Vas Narasimhan told investors.
A company working to make open-source self-driving software reliable enough to be used in commercially available vehicles said it had hired a former German car boss as it seeks to expand its reach.
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