CVS reaches $5B settlement of opioid lawsuits, becomes first pharmacy to strike nationwide deal
CVS Health has announced a $5 billion deal that, if approved, would make it the first major pharmacy chain to reach a nationwide settlement of opioid lawsuits.
New leftist Brazilian president, Lula, likely to keep orthodox economics, but shift to US foreign policy foes
Following Lula da Silva’s election victory over President Bolsonaro, analysts expect a moderate approach in the economic realm, but shifts to a more left-wing foreign policy.
Gap says Russia deliveries stopped in March. But its clothing kept coming
The Gap shipments included everything from "knitted children’s socks" and "children’s pajamas" to "textile blouses for women" and "textile shorts for men."
Blood pressure medication recalled due to chemicals' possible link to cancer
The FDA-recalled quinapril and hydrochlorothiazide tablets were shipped to customers nationwide in May 2021. No related adverse reactions have been reported.
Accounting errors to cost executives their bonuses under SEC rule
The SEC passed a rule required by the Dodd-Frank Act to force public companies whose financial statements contain errors to recoup their executives’ bonuses and other incentive pay.
Global economic growth is weighed down by inflation, rising interest rates
A glut of government spending from the coronavirus pandemic, soaring energy prices, and zero-covid policies in China could cause another global recession.
Mississippi River drought hits record level, revives supply chain concerns: report
Severe heat in the summer has created a nationwide drought, which has dried up 1,200 wells in California and a number of major rivers that feed into the Mississippi River.
Brazil’s economy minister warns world of stagflation and ‘very rough times ahead’
Brazil Economy Minister Paulo Guedes learned from Milton Friedman at the Chicago School and implemented his policies under President Jair Bolsonaro's administration.
US businesses propose hiding trade data used to trace abuse
Commercial Customs Operations Committee, an advisory panel to U.S. Customs and Border Patrol, are recommending ways to streamline international trade.
China’s economy faces hurdles as Xi Jinping heads into party congress
As XI Jinping gets ready to be installed for a historic third-term as the General Secretary of the Chinese Communist party, Beijing is facing a host of growing economic problems that are already cause for concern.
US sees ‘decisive decade’ ahead in competition with China, Russia
The new National Security Strategy addresses the growing rivalry with Beijing and tension with Russia as it looks to maintain a United States led global order.
What is 'FDPR' and why is the US using it to cripple China's tech sector?
The FDPR, or foreign direct product rule, allows the U.S. to decide who can buy products made with American technology even if those products are made abroad.
Edward Jones pulls plug on bank plans
Edward Jones' parent has scrapped plans to create a new bank as market turmoil looms and banking crises in the U.K. and at Credit Suisse threaten a Lehman moment.
WTO warns 'darkened' trade outlook could worsen as economic crises converge
Global trade is expected to grind to a halt next year as a result of a convergence of economic crises including spiking energy prices and higher interest rates.
UK's Truss stands by 'disruption' agenda despite Tory doubts
UK Prime Minister Liz Truss has defended her economic plans as she tries to convince her Conservative Party the pain unleashed by tax-cutting is worth it.
US electric-vehicle tax breaks rile Asian, European allies
Providing tax breaks only to US manufactured goods likely violates the World Trad Organization (WTO) rules and is alienating US trade partners and US allies.
Britain continues to face turbulence as economic and political turmoil continues
Less than one month on the job, some Britons are questioning whether new Prime Minister Liz Truss is up to the task of leading the country through a deepening economic crisis.
FDA approves Amylyx ALS drug
Amylyx says doctors will be able to prescribe Relyvrio immediately. The drugmaker anticipates prescriptions will be filled and shipped from specialty pharmacies within the next four to six weeks.
Biogen shares soar on Alzheimer's drug developments
A study found that Biogen's Alzheimer's drug lecanemab reduced cognitive and functional decline by 27% compared to a placebo over an 18-month period.
World Bank cuts China growth forecast as COVID-19, real-estate crunch take toll
The World Bank expects developing economies in East Asia to grow faster than China, because of it's zero-COVID policies, for the first time since 1990.



















