Wall Street was led higher by tariff-sensitive technology and industrial stocks on Wednesday after China extended an olive branch ahead of next month’s trade negotiations with the United States.
OxyContin maker Purdue Pharma LP has reached a tentative multibillion-dollar agreement with some plaintiffs aimed at settling thousands of lawsuits over its alleged role in the U.S. opioid crisis, Reuters reported on Wednesday, citing people familiar with the matter.
OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the matter said.
U.S. authorities investigating Alphabet Inc’s Google for anticompetitive behavior have recently begun probing the company’s $116 billion-a-year advertising business.
Peloton Interactive could be next up in the 2019 IPO queue. After filing its S1 paperwork on August 27, many expect the company to go public in the coming weeks. With a Peloton IPO on the horizon, let’s check in on the innovative fitness startup.
What is Peloton?
Peloton offers stationary bikes and treadmills with large displays that stream fitness classes. But according to CEO John Foley that description would be selling the company short. “Peloton sells happiness,” he said recently.
Peloton, much like WeWork, is looking to bolster its brand ahead of its IPO.
In the first section of Peloton’s IPO paperwork, the …read more […]
OxyContin maker Purdue Pharma LP is nearing a multibillion-dollar partial agreement aimed at settling thousands of lawsuits over its alleged role in the U.S. opioid crisis, Reuters reported on Wednesday, citing people familiar with the matter.
A reader, Eton, asks, “Do you have any recommendations on facial recognition startups, or thoughts on them?”
I usually save questions like this for our Mailbag. But this is such a big and basic issue, I didn’t want to wait.
Facial recognition technology is spreading like wildfire. I first started to use it when my Google Photos app made it available a couple of years ago. It makes searching for people in your photo albums quick and easy. Apple uses facial recognition to enable users to unlock their smartphones. Banks employ it to verify transactions. And supermarkets use it to try to …read more […]
T. Boone Pickens, a celebrated corporate raider and energy industry magnate who made an empire out of an initial $2,500 investment, died on Wednesday at age 91, his spokesman said.
A gauge of global equity markets climbed on Wednesday, amid small signs of progress in the trade war between the United States and China, while bond yields rose as investors remained unsure what stimulus measures the European Central Bank will provide at its Thursday meeting.
Italy’s ruling 5-Star Movement will monitor closely a bid by Hong Kong Exchange for the London Stock Exchange to ensure it does not hurt Italian interests, it said on Wednesday.
Wall Street rose on Wednesday, boosted by Apple Inc after the launch of its latest iPhones, while investor nerves were also soothed by China’s move to ease trade tensions with the United States.
From pubs to theme parks, sterling’s near record lows against other major currencies has encouraged overseas buyers to snap up “UK Plc”, with more bargain hunters expected.
The Italian government should consider using its special powers to safeguard the country’s stock exchange in case a bid from Hong Kong Exchange on the London Stock Exchange goes through, a League party’s lawmaker said.
Apple Inc’s move to offer a free TV+ subscription for a year with every new device may briefly crown the iPhone maker as the biggest streaming service by user numbers, leapfrogging Netflix Inc.
General Motors Co said Wednesday it was recalling 3.46 million U.S. pickup trucks and SUVs to address a vacuum pump issue that could make braking more difficult and that has been linked to 113 accidents and 13 injuries.
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