Business

Some drug companies have continued to increase prices despite growing public discontent, a move that senior equity analyst Elliot Wilbur told CNBC “makes absolutely no sense.” “It’s simply bad decision-making and terrible policy on [a drug company’s] part,” Wilbur, who focuses on pharmaceuticals at financial firm Raymond James, said Monday on “Power Lunch.” Pfizer, one
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Morgan Stanley’s lead domestic equity strategist repeated his call for second-quarter earnings reports to lead to lukewarm responses from companies’ shares, saying investors should get defensive. “While [second-quarter] earnings season should come in better than expected, we do not see it as a positive catalyst for the U.S. equity market. Our defensive rotation call last
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Vipin Kumar | Hindustan Times | Getty Images A number of Uber employees have allegedly filed complaints against Uber’s chief operating officer, Barney Harford, for insensitive comments regarding women and minorities. On a conference call this spring with colleagues, Mr. Harford, the company’s chief operating officer, critiqued a new ad that showed a mixed-race couple,
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Northrop Grumman chairman and CEO Wes Bush announced on Thursday he will step down as CEO effective Jan. 1, but will remain chairman through July 2019. Kathy Warden, who currently acts as company president and COO of the global security company, has been selected by the board to fill the role vacated by Bush in
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Pfizer announced on Tuesday it would postpone drug price hikes after an “extensive” conversation between the company’s CEO and President Donald Trump. “Pfizer shares the President’s concern for patients and commitment to providing affordable access to the medicines they need,” Pfizer CEO Ian Read said in a statement. The company said it would defer price
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Sun Yian was living the Canadian dream. The Chinese immigrant found fortune harnessing Canadian talent to develop cutting-edge technology, everything from semiconductors to facial recognition, to take back to China. His company grew to more than 1,500 employees across China and North America, and was lauded by Canadian officials as a model for unlocking the
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While engineers can sometimes find ways to change designs or use substitutes for some elements, cobalt could be tough to replace. They haven’t figured out a good substitute that doesn’t reduce performance. “There isn’t a better element than nickel to increase energy density, and there isn’t a better element than cobalt to make the stuff
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Check out the companies making headlines before the bell: Northrop Grumman – Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades
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