 | | | | T. Boone Pickens, a celebrated corporate raider and energy industry magnate who built an empire out of an initial $2,500 investment, died on Wednesday at age 91. | | | | | | OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the matter said. | | | | | | OxyContin maker Purdue Pharma LP has reached a tentative multibillion-dollar agreement with some plaintiffs aimed at settling thousands of lawsuits over its alleged role in the U.S. opioid crisis, Reuters reported on Wednesday, citing people familiar with the matter. | | | | | | U.S. authorities investigating Alphabet Inc's Google for anticompetitive behavior have recently begun probing the company's $116 billion-a-year advertising business. | | | | | | A gauge of global equity markets climbed on Wednesday, amid small signs of progress in the trade war between the United States and China, while bond yields rose as investors remained unsure what stimulus measures the European Central Bank will provide at its Thursday meeting. | | | | | | Hong Kong Exchanges and Clearing made a surprise $39 billion takeover approach for the London Stock Exchange on Wednesday, aiming to sabotage the LSE's acquisition of data company Refinitiv and create a global trading powerhouse. | | | | | | Italy's ruling 5-Star Movement will monitor closely a bid by Hong Kong Exchange for the London Stock Exchange to ensure it does not hurt Italian interests, it said on Wednesday. | | | | | | U.S. President Donald Trump on Wednesday welcomed China's decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs, days ahead of a planned meeting aimed at defusing a trade war between the world's two largest economies. | | | | | | The California State Senate voted on Tuesday to pass a bill that would make it much more difficult for gig economy companies like Uber Technologies Inc and Lyft Inc to classify workers as independent contractors rather than employees. | | | | | | Wall Street was pushed higher on Wednesday by tariff-sensitive technology and industrial shares after China extended an olive branch ahead of next month's trade negotiations with the United States. | | | | | |
