In this photo illustration, a container of Johnson and Johnson baby powder is displayed on April 05, 2023 in San Anselmo, California. Justin Sullivan | Getty Images Johnson & Johnson has reached a tentative settlement to resolve an investigation by more than 40 states into claims that the company misled patients about the safety of … Read more
The 10-year U.S. Treasury yield retreated on Tuesday, reversing course from the previous day’s trade and continuing a general downward trend over the past week. The yield on the benchmark 10-year note was down 4.5 basis points at 3.9089%, having fallen below 4% on Thursday to hit its lowest point since July. Yields move inversely … Read more
U.S. Treasury yields were fractionally higher on Monday, as investors look ahead to this week’s Federal Reserve policy meeting. The yield on the benchmark 10-year Treasury note was just over a single basis point higher at 4.2563%, while the yield on the 30-year Treasury bond was just under a point higher at 4.3339%. Yields move … Read more
President Joe Biden speaks about protecting Social Security, Medicare, and lowering prescription drug costs, during a visit to OB Johnson Park and Community Center, in Hallandale Beach, Florida, on Nov. 1, 2022. Kevin Lamarque | Reuters The Biden administration on Thursday asserted its authority to seize the patents of certain costly medications in a new … Read more
McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rivian Automotive — Rivian Automotive shares tanked 19% after the electric vehicle maker announced plans to raise $1.5 billion in convertible notes and offered preliminary third-quarter revenue guidance roughly in line with Wall Street’s … Read more
X CEO Linda Yaccarino informed CNBC on Thursday that the corporate’s determination to eliminate its Twitter branding displays proprietor Elon Musk’s imaginative and prescient for the app. “Elon has been speaking about X, the every little thing app, for a really very long time,” Yaccarino stated in an interview with CNBC’s Sara Eisen. “Even after … Read more
The Tesla Inc. Mannequin Y electrical automobile throughout the launch in Kuala Lumpur, Malaysia, on Thursday, July 20, 2023. Samsul Mentioned | Bloomberg | Getty Photographs This report is from right now’s CNBC Every day Open, our new, worldwide markets publication. CNBC Every day Open brings traders on top of things on the whole lot … Read more