The pharmaceutical company Merck sued the US government Tuesday over a law passed last year that empowers Medicare to negotiate prices of certain medications. Merck claims that the provision, included in the Inflation Reduction Act, is unconstitutional and threatens to stifle the industry’s future investments in cancer treatments and other…

The buzz around artificial intelligence may resonate across industries, as investors attempt to identify the stock-market winners as generative AI takes off.“It’s actually kind of startling how narrow the impact has been in terms” of investor enthusiasm building around just a few companies in the stock market, said Steven Wieting,…

Shares of Coinbase Global Inc. COIN, -11.68% tumbled 10.1% in midday trading Monday, after the U.S. Securities and Exchange Commission charged rival cryptocurrency exchange Binance Holdings Inc. with more than a dozen securities law violations. Among some of the SEC’s allegations were that Binance and founder Changpeng Zhao misled investors…

Not enough workplaces recognize menopause as a legitimate reason to take sick days or cover treatment expenses, female employees said in a new report. But most women wish they would, because they suffer from menopause-induced fatigue, loss of sleep and disrupted mental health — and all that has impacted their…

Orders for manufactured goods rose 0.4% in April, the Commerce Department said Monday. It is the fourth increase in factory-goods orders in the past five months. Economists surveyed by the Wall Street Journal were expecting a 0.6% rise. The gain was led by transportation equipment. Excluding that sector, orders were…

© Reuters. FILE PHOTO: People walk in front of a Lojas Americanas store in Brasilia, Brazil January 12, 2023. REUTERS/Ueslei Marcelino SAO PAULO (Reuters) – Brazil’s securities regulator has accused two former CEOs of retailer Americanas of failing to comply with information disclosure requirements following an investigation into the firm’s…

Investing.com – and are registering rises of between 1% and 1.5% this Monday with OPEC+ extending its agreement on crude supply restrictions through 2024 and Saudi Arabia announcing production cuts of 1 million barrels per day (bpd) to a total of 9 million bpd. In what can be considered the…

Investing.com – The U.S. dollar slipped lower in early European trade Friday, adding to the previous session’s sharp losses after the U.S. Congress approved the debt ceiling bill, while traders awaited the widely watched monthly payrolls release. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a…

By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) – The Chinese government will seek to initiate artificial intelligence regulations in its country, billionaire Elon Musk said on Monday after meeting with officials during his recent trip to China. Musk did not elaborate further and made his remarks in a Twitter…

Banks are tightening credit standards for business loans, according to the Federal Reserve’s quarterly survey of senior lending officers. That true for large and medium-sized banks (shown in the chart above) as well as for small banks. The interest rates on business loans are rising relative to the banks’ cost…