Monday, 21 October 2019

Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial

Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial

Four large drug companies reached a last-minute $260 million legal settlement on Monday over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis.

Russian accounts target U.S. voters on Instagram ahead of 2020 election: Facebook

A network of Instagram accounts operated from Russia has targeted Americans with divisive political messages ahead of next year's U.S. presidential election, with operators posing as people within the United States, Facebook said on Monday.

Trump says trade deal with China is coming along great

President Donald Trump continued to speak optimistically about the possibility of a deal to end the U.S. trade war with China, telling reporters at the White House on Monday that the trade deal is coming along great.

Exclusive: Europe regulator to clear Boeing 737 MAX in Jan at earliest

European regulators expect to clear Boeing's grounded 737 MAX to return to service in January at the earliest, following flight trials by European test pilots scheduled for mid-December, Europe's top aviation safety official told Reuters.

Embraer announces $1.4 billion order, launch customer for Praetors jets

Embraer SA on Monday announced an order worth $1.4 billion from Flexjet, which becomes the new launch customer for the Brazilian company's Praetor jets.

Fidelity drops Fisher's money management firm as withdrawals accelerate

Fidelity Investments has dropped Fisher Investments as a money manager, a Fidelity spokesman said on Monday, the latest in an accelerating series of withdrawals from the firm over allegedly sexist comments by its leader, Kenneth Fisher.

Peloton's stock takes a spill, even as IPO underwriters cheer it on

Shares of Peloton Interactive slumped 6% on Monday, even after a multitude of buy ratings from the stationary bike seller's IPO banks, underscoring Wall Street's growing exhaustion from money-losing startups.

Apple starts selling locally assembled iPhone XR in India

Apple Inc has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world's second-largest smartphone market where it has struggled against cheaper products from rivals.

Fallout from Trump's trade wars felt by economies around the world

The collateral damage of the United States' trade wars is being felt from the fjords of Iceland to the auto factories of Japan.

Boeing may face billions more in losses as MAX crisis deepens: analysts

Boeing Co may have to book billions of dollars in additional charges related to its grounded 737 MAX jets, brokerages said on Monday, following reports that call into question the timing of the aircraft's return to service.

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