The CEO of drug giant Merck said Monday that not enough of the rebates being negotiated for medications are being passed onto consumers. “Rebates being paid by pharmaceutical companies, it’s about a third of what branded [drug] companies actually have as a list price,” Merck’s chief Ken Frazier told CNBC at the J.P. Morgan Healthcare […]
Read moreAs the stock market resumed its march higher on Monday, CNBC’s Jim Cramer pinpointed the main drivers fueling the monstrous rally. “First, let’s understand: this market is largely driven not by stock-pickers, but by index funds,” the “Mad Money” host said. “That index fund money comes in automatically, every day, over the transom. Billions of […]
Read moreOver the past century, the automobile turned out to be the ultimate disruptor to human’s lives and our civic way of life. In one of his earliest ads, Henry Ford declared that he wanted to open the highways for all humankind. That idea, in action, gave us extraordinary new freedom — to travel great distances and to […]
Read moreThe cryptocurrency market may be just what is needed to lure millennials into trading, TD Ameritrade chief market strategist JJ Kinahan told CNBC on Monday. Digital currencies fell on Monday but have made huge gains over the past year. “People complain that we haven’t gotten millennials to trade. Maybe this isn’t the product I’d like […]
Read moreEthereum co-creator Steven Nerayoff says increased projects built on the cryptocurrency could trigger a “flippening” in 2018, in which ethereum overtakes bitcoin. “What you’re seeing with ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this […]
Read moreA new product can take 3D images of your face in just seconds. It’s built by a company named Bellus3D and plugs into an Android phone. Then, using built-in cameras, will scan your face and show you an exact replica of yourself. Kind of creepy, but it might one day have some real world uses. […]
Read moreIn an age of Alexa, Cortana, the Google Assistant and Siri, Facebook wanted to provide the world with an assistant that could do more. In 2015 the company launched M in its Messenger chat app. M wasn’t just another chatbot that was trained to provide text responses based on previous conversations, using artificial intelligence. It […]
Read moreCurrency, United States Finance
Half of British voters say May is incapable of getting the right Brexit deal: Poll
Half of British voters believe Prime Minister Theresa May is incapable of getting the right Brexit deal, according to an ORB poll published on Monday. “There is still much work to be done to convince the British public that the prime minister is capable of getting the right deal for the UK,” ORB said in […]
Read moreFacebook’s top executives sold over $4 billion worth of company shares last year – more than twice the amount of their counterparts at other giant technology firms — the total value boosted by a 52 percent surge in the company’s stock price in 2017. The data comes from filings at the Securities and Exchange Commission […]
Read morePractice Fusion, a start-up in the crowded electronic medical records market, was acquired on Monday for $100 million, two years after bankers were expecting to take the company public at a $1.5 billion valuation. Allscripts announced the cash deal in a press release and said the price is “subject to adjustment for working capital and […]
Read more