NEW YORK (Reuters) – Merck & Co. (MRK.N) filed a lawsuit against the U.S. government on Tuesday seeking to block the Medicare drug price negotiation program included in the Inflation Reduction Act (IRA) that it says violates Title Five. The First Amendments to the United States Constitution. This is the first attempt by the drugmaker …
Merck is suing the US government to stop drug price negotiations Read More »
Upcoming – The US Energy Information Administration’s Short-Term Energy Outlook on Tuesday Upcoming – US API Crude Storage data on Tuesday Upcoming – US EIA Crude Storage data on Wednesday Upcoming – Chinese trade data for May on Wednesday NEW YORK (Reuters) – Oil prices were little changed on Tuesday, after erasing earlier losses, as …
Oil prices stabilized as economic concerns offset Saudi production cuts Read More »
ISTANBUL (Reuters) – An Air India flight from Delhi to San Francisco was forced to divert and land at an airport in Russia’s Far East after it developed a technical problem with one of its engines, the airline said on Tuesday. The diversion of the Boeing 777 wide-body jet comes amid a global debate over …
After months of indications that the US Securities and Exchange Commission (SEC) would sue US crypto giant Coinbase, it has finally happened. The lawsuit (1:23-cv-04738) filed Tuesday in the Southern District of New York accuses Coinbase and its parent company, CGI, of violating securities law by acting as an unregistered broker for the major cryptocurrency …
NEW YORK, June 6 (Reuters) – The U.S. Securities and Exchange Commission on Tuesday sued Coinbase (COIN.O), accusing the largest U.S. cryptocurrency exchange of operating illegally because it failed to first register with the regulator. The lawsuit is the second the SEC has filed in two days against a major crypto exchange, following its case …
The US SEC charges cryptocurrency platform Coinbase, a day after Binance sued Read More »
(Bloomberg) — The stock market’s bland response to the launch of Apple’s mixed-reality headset has left investors pondering what will provide the next boost to a rally that has propelled stocks into record territory. Most Read from Bloomberg After hitting an all-time high in the hours leading up to Monday’s product event, shares in the …
Apple’s trigger was sought after lackluster headphone feedback Read More »
Merck sued the Department of Health and Human Services over Medicare’s new powers to lower drug prices under the Inflation Reduction Act. In a scathing complaint filed in federal district court, Merck slammed the negotiation process as a “sham” and “amounting to extortion.” Merck has asked the US District Court in the District of Columbia …
Merck is suing the Biden administration over Medicare drug price negotiations Read More »
The New York Times and NBC News are among the media companies that have begun preliminary discussions about potential protections against generative AI systems. Digital Content Next, the digital media trade organization, published seven creative principles for AI this week to help guide the discussion. “It’s the beginning of what will be hell,” Axios CEO …
Artificial intelligence poses new threats to newsrooms, and they are taking action Read More »
Move over, Hamburglar—it’s Big Purple’s time to shine. On June 6, McDonald’s announced its first-ever purple shake in honor of the birthday of iconic McDonald’s character Grimace. The Grimace Birthday Shake is made with smooth vanilla and raspberry flavors. (Because Grimace is a berry…maybe? No, we’re still not sure what exactly it is.) The Grimmas …
McDonald’s introduces its first ever purple shake Read More »
Stocks got another chance in the arm, and the entire market started to get excited. But what goes up must go down, so Morgan Stanley says to watch for a drop of 10% or more. “We still expect a tactical correction,” wrote Mike Wilson, senior US equity analyst at Morgan Stanley, indicating the decline could …
Stocks are trying to get out. Morgan Stanley expects a significant decline. Read More »
