Stocks

Authentic Brands raises $3 billion, pushes back IPO

The company behind brands such as Brooks Brothers, Eddie Bauer, and Sports Illustrated magazine plans to delay its initial public offering after getting a big new investment from two private-equity firms.

Amazon may drop Visa as partner on US credit card

Amazon.com Inc is considering dropping Visa as partner on its U.S. co-branded credit card after earlier confirming it would stop accepting Visa credit cards in the United Kingdom as a dispute over payments intensified.

Couple's $86M award in Monsanto pesticide case stands

California's highest court rejected on Wednesday a challenge by Monsanto Co.'s to $86.2 million in damages to a couple who developed cancer after spraying the company's Roundup weed-killer in their yards for three decades.

Biogen shares slip as Alzheimer's drug faces new setback

Shares of Biogen slipped nearly 4% in pre-market trading Wednesday after the biotech company's new Alzheimer's drug Aduhelm (aducanumab) received a "negative trend vote" from the European Medicine Agency's Committee for Medicinal Products for Human Use (CHMP).

Stocks just miss records as retail sales jump

U.S. stocks rallied to just shy of record highs Tuesday as traders celebrated a jump in retail sales a day after President Biden signed the $1.2 trillion bipartisan infrastructure bill.