Finance

Several top drugmakers to lower US prices for some drugs-sources

Several top drugmakers to lower US prices for some drugs-sources

By Michael Erman, Jarrett Renshaw and Patrick Wingrove Dec 19 (Reuters) – AbbVie, Bristol Myers Squibb, Gilead, Merck and other drugmakers are expected on Friday afternoon ​to announce agree...

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Analysis-Debt boom signals yuan’s arrival as a funding currency

Analysis-Debt boom signals yuan’s arrival as a funding currency

By Jiaxing Li HONG KONG, Dec 19 (Reuters) – Investors are snapping up yuan credits and surging yuan lending is poised to overtake overseas dollar loans at Chinese banks as attractive pricin...

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IcomTech Crypto Ponzi Promoter Sentenced to Nearly Six Years in Prison

IcomTech Crypto Ponzi Promoter Sentenced to Nearly Six Years in Prison

A senior promoter who helped orchestrate a multimillion-dollar crypto Ponzi scheme targeting working-class Spanish-speaking investors was sentenced Thursday to 71 months in federal prison. Magdale...

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China’s ByteDance signs deal to form joint venture to operate TikTok US app

China’s ByteDance signs deal to form joint venture to operate TikTok US app

By David Shepardson WASHINGTON, Dec 18 (Reuters) – TikTok’s Chinese owner, ByteDance, said Thursday it signed binding agreements with three major investors to form a joint venture to ...

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Dow, S&P 500, Nasdaq futures waver with Wall Street set to wrap up latest volatile week

Dow, S&P 500, Nasdaq futures waver with Wall Street set to wrap up latest volatile week

US stock futures wavered overnight after snapping a recent losing streak, as signs of cooling inflation and waning AI worries buoyed Wall Street optimism toward the tail end of a topsy-turvy week....

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Why FormFactor (FORM) Stock Is Up Today

Why FormFactor (FORM) Stock Is Up Today

Shares of semiconductor testing company FormFactor (NASDAQ:FORM) jumped 3.8% in the afternoon session after a better-than-expected inflation report for November sparked a broad market rally, lifti...

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