Chancellor Angela Merkel said she and French President Emmanuel Macron agreed on Tuesday to create a euro zone budget charged with boosting investment in the currency bloc and promoting economic convergence between its 19 member states. “We are opening a new chapter,” Merkel said after talks with Macron on European reform ahead of a June […]
Read moreDrugstore chain Walgreens is partnering with health insurer Humana to open senior-focused care centers. They plan to open two locations inside Walgreens stores this fall in the Kansas City, Missouri, area with primary care services, pharmacies and other services like a Humana representative to answer seniors’ Medicare questions. Humana will run the clinics through its […]
Read moreShares of Sarepta Therapeutics soared more than 50 percent Tuesday after the company presented preliminary data for its experimental treatment for patients with Duchenne muscular dystrophy. The rare genetic disease causes muscle wasting and can be fatal before patients turn 30. Symptoms usually start in early childhood, usually between 3- and 5-years old. It primarily […]
Read moreVerizon is pledging to stop selling data to outsiders through intermediaries that can pinpoint the location of mobile phones, the Associated Press has learned. It is the first major U.S. wireless carrier to step back from a business practice that has drawn criticism for endangering privacy. The data has allowed third parties to track wireless […]
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Verizon was the only member of the Dow Jones Industrial Average trading significantly into the green on Tuesday after Deutsche Bank upgraded the wireless provider, saying the shares were relatively cheap. The stock gained 1.8 percent Tuesday, also boosted by investors betting that its domestic revenues will be shielded from fears of a trade war […]
Read moreWhen Dutch payments processing firm Adyen went public on June 13, the stock jumped 100 percent above the initial share price, giving the company a valuation of 14.8 billion euros ($17 billion). Adyen’s spectacular entry into the elite ranks of unicorns — companies valued at more than $1 billion — was all the more noticeable […]
Read moreAmazon wants a hand in all your deliveries, unveils last-step option for FedEx, UPS and private mail
Amazon wants a hand in all your deliveries, even if the package isn’t coming from Amazon. The e-retailer announced Tuesday it’s rolling out so-called Hubs by Amazon, a last-step delivery option for FedEx, UPS and private mail. It’s essentially a broader use case for Amazon lockers and is marketed to apartment buildings or residences. It’s […]
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Soybean futures dropped Tuesday to their lowest in more than two years following renewed concerns about a U.S.-China trade war. A war of words between the two countries picked up overnight, following announcements of tit-for-tat tariffs on $34 billion worth of imports late last week. In retaliation against planned U.S. duties, Beijing intends to impose […]
Read moreCNBC’s Jim Cramer said on Tuesday he’s not worried yet about the escalating trade conflict between the United States and China. “Right now, this is not serious,” Cramer told “Squawk on the Street.” “I’m waiting for something serious to hit my way.” The “Mad Money” host said the fight would get real if Apple, Yum […]
Read moreAs China and the U.S. near a trade war, both nations bring different weapons to the table. For the U.S., it’s direct tariffs on the plethora of goods it imports, while for China the calculus is a little different. China is limited somewhat in the amount of retaliatory tariffs it can apply, simply because it […]
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