UK plans to create pension megafunds with aim of unlocking $100 billion for investment
LONDON (AP) — British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and ...
Ocugen: Q3 Earnings Snapshot
MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — Ocugen, Inc. (OCGN) on Thursday reported a loss of $13 million in its third quarter. On a per-share basis, the Malvern, Pennsylvania-based company said it had a ...
Fed does not need to 'be in a hurry' to lower rates: Powell
Federal Reserve Chair Jay Powell said the central bank does not need to be "in a hurry" to lower interest rates due to the economy’s strength, and that the Fed would be "watching carefully" to make ...
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New FDA rules for TV drug ads: Simpler language and no distractions
New rules require drugmakers to be clearer about explaining the risks and side effects of prescription drugs. The new guidelines from the the Food and Drug Administration are designed to ...
European committee takes a second look at Alzheimer's drug and now says it should be approved
A European regulatory committee now recommends approval of the Alzheimer’s treatment lecanemab a few months after rejecting the drug.
Tesla stock falls 4% as Trump trade fades, EV tax credits come under threat
Tesla ( TSLA) stock fell as much as 4.7% on Thursday as the stock's post-election gains faded amid a cooling of the Trump trade and a new report from Reuters that suggested EV tax credits could be cut ...
Satire publication The Onion buys Alex Jones' Infowars at auction with Sandy Hook families' backing
The satirical news publication The Onion won the bidding for Alex Jones' Infowars at a bankruptcy auction, backed by families of Sandy Hook Elementary School shooting victims whom Jones owes more than ...
Swiss chocolatier serves up Middle Eastern flavors as ‘Dubai chocolate’ craze hits Europe
“It’s a good thing if more people start to like chocolate and regularly eat chocolate — it expands the market in places like Asia and the Middle East,” said Roger Wehrli, the director of ChocoSuisse, ...
Natural gas flares sparked 2 wildfires in North Dakota, state agency says
BISMARCK, N.D. (AP) — Natural gas flares at oil wells sparked two North Dakota wildfires earlier this fall, according to reports from the North Dakota Fire Marshal's Office.
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo and Michael Kors shoes, handbags and accessories, with Tapestry, which ...
EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices
LONDON (AP) — European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what they call “abusive practices” involving its Marketplace online classified ...
Disney Q4 adjusted profit tops estimates on strong results from entertainment unit, streaming
Disney said that its improved direct-to-consumer business results were due in part to subi style="display:none;"ion revenue growth thanks to increased in retail pricing and subscriber growth.