- U.S. President Donald Trump on Friday announced two rules aimed at lowering drug prices for people 65 and older in the Medicare health insurance program, prompting a biotechnology industry group to accuse the president of seeking political revenge.
Carebook Technologies Inc: * CAREBOOK TO ACQUIRE NOVUS HEALTH, A LEADER IN HEALTH TECHNOLOGY PRODUCTS FOR THE INSURANCE INDUSTRY. * Carebook Technologies Inc - FOR DEAL WILL PAY $5M PAYABLE IN CASH, $6M ISSUABLE IN SHARES, A 2021 REVENUE-BASED PERFORMANCE EARN-OUT OF UP TO $4M Source text for Eikon: Further company coverage:
Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses.
* MOODY'S SAYS U.S. P&C COMMERCIAL INSURANCE SECTOR OUTLOOK FOR 2021 REMAINS STABLE AMID RISING PRICING Source text for Eikon: Further company coverage: [ ]
- Financial stocks have lagged the broader equity market since the start of the year and since the late March crisis-low. In fact, so far in 2020, the lead performers of the S&P 500 Financial sector have even outperformed the high-flying Nasdaq , which is up almost 23% year-to-date.
Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.
Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.
Japanese real estate funds and developers focusing on the retail sector are leading a stock market rally as investors bet the cheaply valued sector will outperform as consumer spending recovers from the coronavirus pandemic. The gradual opening up of the Japanese economy from lockdowns has seen the stock market rise nearly 9% since August.
Asset managers and companies must do more to prepare for the end of the tarnished Libor benchmark, Hong Kong's banking regulator said on Wednesday, describing them as lagging behind the banking sector.
Persistent damage to the global economy from the coronavirus pandemic will hollow out demand for oil more than previously thought, major industry figures said on Monday. The Organization of the Petroleum Exporting Countries, energy giant BP and commodities trading giant Vitol all made grim forecasts as rising rates of COVID-19 infections sap hopes for quick recovery.
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