(Bloomberg) — Shares of Novo Nordisk A/S and Eli Lilly & Co. fell on Tuesday as US President Joe Biden continued his push for cheaper drugs by demanding price cuts for their blockbuster weight loss and diabetes drugs. Most Read by Bloomberg Companies are paying “unconscionably high prices” that are above those paid in other … Read more
Nvidia has had a remarkable ride in its journey to become a $3 trillion heavyweight in the AI industry. Now, authorities want to know if he got there fairly. French regulators are set to charge the Silicon Valley chip giant over concerns it has engaged in anti-competitive behavior, a Reuters report said, citing people familiar … Read more
Few automakers are as closely identified with the companies they manage as Elon Musk, Tesla’s chief executive. And perhaps none are more productive in airing their political views on social media. But as Mr. Musk’s public persona has become increasingly right-wing, Tesla appears to be paying a price in sales, particularly to liberal and left-leaning … Read more
KPMG Chief Economist Diane Swonk reacts to the Federal Reserve’s decision to leave interest rates unchanged on ‘The Claman Countdown’. Federal Reserve Chairman Jerome Powell said on Tuesday that policymakers have made “enough” progress in fighting inflation, but he needs to see more evidence before he starts cutting interest rates. Speaking during a central bank … Read more
KPMG Chief Economist Diane Swonk reacts to the Federal Reserve’s decision to leave interest rates unchanged on ‘The Claman Countdown’. Federal Reserve Chairman Jerome Powell said on Tuesday that policymakers have made “enough” progress in fighting inflation, but he needs to see more evidence before he starts cutting interest rates. Speaking during a central bank … Read more