 | | | | A senior U.S. Treasury official said on Wednesday that she hopes a dropped requirement for banks to report account information to the Internal Revenue Service can be restored to sweeping social and climate spending legislation that Democrats are trying to finalize. | | | | | | Albemarle Corp said on Wednesday it swung to a quarterly loss due to a one-time charge linked to its 2015 buyout of a rival that made it the world's largest producer of lithium. | | | | | | Major Wall Street indexes posted solid gains and marked closing record highs as the Federal Reserve said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, an announcement that investors had been expecting. | | | | | | U.S. insurer MetLife Inc blew past Wall Street estimates for third-quarter profit on Wednesday, as strong investment gains helped cushion a hit from coronavirus-related claims. | | | | | | Qiagen on Wednesday raised its full-year forecasts for profit and revenue, with higher demand for its non-coronavirus products as well COVID-19 tests helping the U.S.-German genetic testing specialist beat quarterly profit expectations. | | | | | | Oil and gas producer Continental Resources Inc on Wednesday posted a profit in the third quarter, compared with a year-ago loss, and said it would buy Pioneer Natural Resources Co's Delaware basin assets in an all-cash deal valued at $3.25 billion. | | | | | | Apple software boss Craig Federighi took the stage at the Web Summit in Lisbon to voice the iPhone maker's objections to EU draft guidelines that could allow customers to install software from outside its App Store. | | | | | | Qualcomm Inc on Wednesday forecast better-than-expected profits and revenue for its current quarter on soaring demand for chips used in phones, cars and other internet-connected devices. | | | | | | U.S. stocks gained on Wednesday, with major indexes hitting record highs, as the Federal Reserve said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, an announcement that investors had been expecting. | | | | | | A proposed cap on out-of-pocket drug costs for Medicare recipients would improve patient access, but allowing the U.S. government health plan for seniors to negotiate prices could limit innovation, Amgen Inc Chief Executive Robert Bradway said in an interview. | | | | | |
