Sectors News Results

  • Pandemic Pets Push Industry Stocks to Pricey Valuations

    The pet business has been among the great beneficiaries of the new coronavirus. That success has made some stocks in the sector expensive. Among the sector's big winners this year are veterinary services firm Idexx Laboratories (IDXX), up about 61% this year, and drug company Zoetis Inc. (ZTS), which is 25% higher.

  • New York State Can Enact $200 Million Tax on Opioid Industry, Court Rules

    New York state won court permission to collect $200 million from the makers and distributors of opioid painkillers to help combat the costs of opioid addiction. The ruling Monday by a federal appellate court came in litigation brought by pharmaceutical industry groups to block a state law taxing all companies that sold or distributed opioids in the state. The challengers argued such a tax was unconstitutional and an end-run around lawsuits filed by New York against many of...

  • Teva Indicted in Price Case -- WSJ

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. WASHINGTON-- The U.S. business of Teva Pharmaceutical Industries Ltd. (TEVA) was indicted Tuesday on charges the generic drugmaker fixed prices on cholesterol medication and other drugs. The Justice Department's antitrust division brought the case in a Pennsylvania federal court, alleging Teva Pharmaceuticals USA engaged...

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News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.