Fed trims rate by quarter point, signals potential for more cuts
The rate reduction was the first since December 2008, when the Fed dropped its benchmark effectively to zero as it battled recession and financial crisis.
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Pfizer’s blockbuster deal with Myland expected to reshape drug industry
The new publicly traded company will have sales of about $19 billion to $20 billion in 2020, the drugmakers said in a statement.
Dan Coats resigning as director of national intelligence
As the head of the U.S. intelligence community, the 76-year-old Coats has been a rare cabinet official willing to break ranks with President Trump publicly. The imminent departure of the former Republican senator from Indiana has been talked about for several months.
Airports struggle with patchwork of biometric security systems
Reducing travel friction and increasing security are critical for the industry, which is expecting passenger growth from 4.6 billion this year to 8.2 billion in 2037.
U.S. economy slows, but exceeds expectations as consumer spending rises
The mixed report highlights how President Donald Trump—who’s repeatedly called for lower interest rates—is enjoying signs of a solid economy while his trade war with China weighs on the expansion and fuels uncertainty for global businesses.
Amazon’s big spending on one-day delivery dents profit, forecast
Moving millions of products closer to customers to enable one-day delivery proved more costly and complicated than expected, driving up expenses and reducing efficiency in the second quarter.
Democrats fail to gain Mueller jump-start for Trump probes
Former Special Counsel Robert Mueller’s long-awaited appearance Wednesday for more than five hours before two House committees fell short of Democrats’ predictions that he’d invigorate their stalled investigations into President Trump and perhaps even propel a move to impeach him.
Trump meets with drug industry lobby as pricing bill advances
The meeting occurred as a bipartisan effort is underway in the Senate that two of its sponsors say would lead to $100 billion in savings on prescription-drug spending over a decade.
U.S. truck driver shortage on course to double in decade
In addition to increasing pay, trucking companies are trying to recruit more women, young people and former military personnel.
Big technology meeting sets stage for more U.S.-China talks
President Trump and senior administration officials met with CEOs from Alphabet Inc.’s Google, Broadcom Inc., Cisco Systems Inc., Intel Corp., Micron Technology Inc., Western Digital Corp. and Qualcomm Inc. on Monday.
Drugmaker group boosts lobbying as Trump’s push to lower prices stalls
The Pharmaceutical Research and Manufacturers of America, which represents leading drugmakers including Eli Lilly and Co., reported spending $6.2 million in the quarter. Meanwhile, Lilly boosted its own spending on lobbying.
CBS warns it could get blacked out by AT&T as talks bog down
Earlier this month, AT&T blacked out 120 stations operated by Nexstar in a similar dispute over programming costs. Among those stations is WISH-TV Channel 8 in Indianapolis.
Anthem’s fight with doctors shows risks for surprise-billing fix
Doctors fighting a reimbursement battle with one of the biggest U.S. health insurers want to make sure that ending surprise medical bills doesn’t come at the expense of their pay.
Facebook says Libra won’t launch until regulators satisfied
Facebook has said it’s eyeing next year for the launch of Libra, which has drawn the ire of skeptical lawmakers, Federal Reserve Chairman Jerome Powell and President Donald Trump.
J&J accused of dodging liability for ‘cunning’ opioid drug push
The trial in Oklahoma City is the first of more than 1,900 local U.S. government lawsuits against drug makers and distributors over the fallout from opioid abuse.
Boeing’s 737 Max might stay grounded until next year
The plane is expected to start flying again in January 2020 “under the latest scenario,” the Wall Street Journal reported, citing unidentified sources within the Federal Aviation Administration and pilot-union leaders.
Fashion accessory retailer Charming Charlie going out of business
The 15-year-old chain, which has stores in Carmel, Noblesville and Greenwood, plans to close all 261 of its locations after filing for Chapter 11 bankruptcy.
Trump orders overhaul of long-standing approach to kidney care
President Trump signed an executive order Wednesday to push what administration officials called the biggest change to kidney care in decades.
Retailers eager to lodge antitrust complaints against Amazon, Google
A leading U.S. retail group, whose members include Walmart, Target and Best Buy, is eager to aid antitrust enforcers that are poised to investigate whether Amazon and Alphabet's Google are harming competition.
Journalism job cuts haven’t been this bad since recession
The level of attrition is the highest since 2009, when the industry saw 7,914 job cuts in the first five months of that year in the wake of the financial crisis.