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July 1 (Reuters) - A federal judge on Wednesday blocked Colorado from capping the price of Amgen's blockbuster arthritis drug Enbrel, a first-of-its-kind move ‌by a U. In granting a preliminary injunction, Chief Judge Daniel Domenico ‌of the Denver federal court said Amgen would likely face significant and irreparable harm from charging lower prices, ​adding that it could affect the drugmaker's negotiations for future contracts with wholesalers and distributors.

U.S. stocks ended modestly lower after investors parsed comments from Federal Reserve Chairman Kevin Warsh for clues about the path of interest rates.

US equity indexes fell Wednesday as the technology sector paced declines and traders assessed Federa

The Chinese tech giant Alibaba will pay $600 million to resolve a dispute with the U.S. government over allegations that the Hangzhou-based firm sold and imported illegal pharmaceuticals, controlled substances, regulated chemicals, and pill-making equipment into the U.S. Alibaba operates some of the world's largest e-commerce platforms, including Alibaba.com and AliExpress.com. The U.S. alleges that Alibaba’s U.S.-based payment processor, AUS Merchant Services, violated federal law by failing to prevent merchants from selling and importing illegal products into the U.S. through Alibaba.com and AliExpress.com.

Kroger said it would acquire privately held Giant Eagle for $1.65 billion. Kroger’s potential merger with Albertsons was blocked by a federal judge halted the deal in late 2024.

(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe

A Hollywood director who took $11 million from Netflix for a science fiction series but quietly moved the money into crypto markets instead, has been sentenced to 30 months in federal prison. According to the court filing, Carl Erik Rinsch, best known for directing Keanu Reeves in the 2013 film "47 ...

Nike stock hit a 12-year low as a one-time tariff refund masked weak sales and analysts cut targets. Here are the key levels to watch.

The sale of FedEx Supply Chain nearly triples Ceva Logistics' North American contract logistics footprint while sharpening FedEx's focus on parcel delivery.

(Bloomberg) -- It’s only been a few weeks since Kevin Warsh took the helm of the Federal Reserve, but analysts are already concerned that one of his key promises — a quieter central bank — will lead to more volatility in the market.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsDemocratic Socialist Ousts 15-Term House Incumbent in ColoradoUS Deci

Bitcoin fell below its 200-week moving average as Fed rate concerns and Strategy uncertainty weighed on sentiment.

Altria has become a magnet for income-focused capital this year, with the stock climbing 32.55% year-to-date as retirees hunt for inflation hedges while the Fed has cut its target rate to 3.75%. Altria (NYSE:MO) sells Marlboro, Copenhagen, Skoal, on! nicotine pouches and NJOY e-vapor, and its smokeable engine just posted a 65.1% operating margin. The ... 1 Masterclass in Pricing Power Makes Altria an Absolute Sanctuary for Retirees

The Senate Banking Committee’s top Democrat wants the Fed’s inspector general to examine whether a top Fed regulator broke protocol by participating in the closed-door client event.

President Donald Trump bought a sizable stake in Axon Enterprise this year, the maker of the taser and a growing lineup of policing technology. Two weeks later, Immigration and Customs Enforcement asked vendors for thousands of new tasers built to specifications that experts say match only ...

Parents are planning to spend almost $500 per child this back-to-school season, but most won't be shopping at Macy's or Kohl's. Retail giant Walmart is the overwhelming first choice as consumers prioritize value and convenience. Despite rising prices driven by inflation and the high cost of ...

OUST shares closed at $62.52 on June 30, 2026, extending a 189% year-to-date gain driven by Rev8 lidar compliance with federal infrastructure funding rules and a string of new partnership agreements.

Three months ago, Goldman Sachs was warning clients that the U.S. economy had a one-in-four chance of tipping into recession. The bank just cut that number by 10 percentage points, and the reason has nothing to do with anything the Federal Reserve did. Goldman Sachs chief economist Jan Hatzius ...

Goldman Sachs, Wells Fargo, and Citigroup all passed the Fed's 2026 stress tests and plan dividend increases of up to 12%, with yields ranging from roughly 1.9% to 2.4%.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.2%, and the actively t

The main US stock measures were pointing lower in Wednesday's premarket activity as traders await ke

The S&P 500 is up about 10% this year, yet 80% of that gain comes from technology stocks, many of which are tied to artificial intelligence. With interest rates and energy prices spiraling higher, and inflation clearly not under control, those willing to put any new money to work in stocks should likely be extremely ... The Safest Dividend Plays of 2026: 5 High-Yield, Low-PE Dividend Aristocrats

The stock market, and technology names in particular, were falling ahead of the open Wednesday after a strong performance in the previous session.

Micron and Apple trade blame, extreme heat is here, Strategy’s Bitcoin plan shifts, and more news to start your day.

Markets begin the second half cautiouslyUS stock futures traded lower on Wednesday ahead of the first session of the second half of the year, with investors preparing for comments from Federal Reserve Chair Kevin Warsh, fresh US manufacturing data and ongoing geopolitical developments in the Middle East. By 03:16 ET, Dow Jones futures were down 202 points, or 0.

Jerome Powell's successor removed something that Wall Street and investors have held near and dear since 2003.

It’s been a wild few months for markets: Oil industry disruption. Resurgent inflation. Nerves about AI. Despite it all, US stocks are still trading near record highs.

French container shipping group CMA CGM is nearing a deal to buy FedEx’s third-party logistics business for $1.4bn in cash, further strengthening...

FedEx will be closing its local shipping center at 2200 Ragu Drive next month. According to David Westrick, a FedEx spokesman, the facility will be closing permanently on Aug. 29. Westrick said he could not provide any specific details about the number of employees that will be affected or how this will affect local FedEx shipping services. Local customers have already started receiving emails ...

Asian stocks were mixed Wednesday as investors nervously awaited key US jobs data that could help determine the Federal Reserve's next interest rate decision, while the yen is in focus as it wallows around four-decade lows.But fears are growing that those valuations have now gone too far, investors might not see returns as early as expected and US interest rates could start to go up.

A federal judge denied Meta's motion to dismiss a social media addiction lawsuit brought by 29 state attorneys general alleging online harm to children.