Recent Posts

Purdue Pharma says trial timing won’t sway bankruptcy call

Bloomberg Purdue Pharma LLP says its decision on whether to file for bankruptcy to avoid being swamped by opioid lawsuits doesn’t depend on the timing of the first trial over its role in the public-health crisis. A judge in Oklahoma refused Purdue’s, Johnson & Johnson’s and Teva Pharmaceutical Industries Ltd.’s requests to push back a May trial of Oklahoma officials’ ...

Read More »

Aluminum costs down 12% since tariffs imposed: Trump

Bloomberg President Donald Trump took a victory lap on Twitter, saying aluminum prices are down about 12 percent since his tariffs were implemented. While Trump’s figure is mostly accurate, as far as the price of the metal traded on the London Metal Exchange is concerned, the president failed to point out that the impact of tariffs was reflected mostly in ...

Read More »

US hiring plunges to weakest in a year

Bloomberg US hiring was the weakest in more than a year while wage gains were the fastest of the expansion and the unemployment rate fell, a possible sign that America’s jobs engine is starting to slow down. Treasuries rose while the dollar and stock futures fell. Nonfarm payrolls increased by 20,000 after an upwardly revised 311,000 gain the prior month, ...

Read More »
Send this to a friend