Thursday 10 May 2018

Daily Investor Update: Trump drug-pricing speech adds dose of uncertainty for healthcare investors

Trump drug-pricing speech adds dose of uncertainty for healthcare investors

NEW YORK (Reuters) - Investors are bracing for widespread volatility in healthcare stocks on Friday, when U.S. President Donald Trump is expected to give a highly anticipated speech about controlling prescription drug prices.

GM sees custom designs, personal ownership for self-driving cars

(Reuters) - General Motors Co , which plans a ride-sharing fleet of robotaxis for next year, is looking at further business opportunities for self-driving cars, such as custom designs that could be almost unrecognizable from those of today, a top executive said on Thursday.

Embraer breakup complications are delaying its deal with Boeing: sources

SAO PAULO (Reuters) - The tricky work of divvying up the three business segments of Brazilian planemaker Embraer SA has been delaying an agreement to combine operations with Boeing Co , three people with knowledge of the matter said this week.

Dollar, yields slide on soft U.S. inflation, stocks rally

NEW YORK (Reuters) - The dollar and U.S. government debt yields fell on Thursday while equity markets rallied after a modest rise in consumer prices in April eased concerns the Federal Reserve might raise interest rates more than expected this year.

How Trump's steel tariffs kick the can business

The president of Pacific Coast Producers (PCP) plans to use around 700 million tin-coated steel cans this year for tomatoes, peaches and pears from 168 growers here in California.

RBS reaches $4.9 billion deal to settle U.S. mortgage bond investigation

WASHINGTON/BOSTON/LONDON (Reuters) - Royal Bank of Scotland has agreed to pay a smaller-than-expected $4.9 billion to resolve a U.S. investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return of cash to UK taxpayers who bankrolled its post-crisis survival.

Wall Street rallies and Apple reaches record high

(Reuters) - Wall Street jumped on Thursday, and Apple hit a record high, as tepid inflation data eased worries of faster interest rate hikes this year.

Ford says lost truck production will hit second quarter earnings

DETROIT (Reuters) - Ford Motor Co's quarterly earnings will be affected by shutdowns at three U.S. truck plants caused by a fire at a key parts supplier, the U.S. automaker said on Wednesday, while affirming its full-year earnings estimate.

Bank of America affirms gun pledge, hints at Remington loan exit

WILMINGTON, Del. (Reuters) - Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker Remington Outdoor Corp that sparked criticism of the lender.

Tax cut helping turn U.S. small caps into unlikely source of safety

NEW YORK (Reuters) - The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader stock market wobbles.

Carrefour Brasil launches drive-thru service amid e-commerce push

SAO PAULO, May 10 (Reuters) - Carrefour Brasil, the country's largest food retailer, launched a new click-and-collect style service in Sao Paulo on Thursday, as the company keeps up its recent focus on e-commerce.

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