Money & Markets

In taking on high drug prices, Trump faces a complex nemesis

WASHINGTON — Before taking office, President Donald Trump railed against the pharmaceutical industry and accused it of "getting away with murder." The populist rhetoric appears to be giving way to a more nuanced strategy focused on making the pharmaceutical market more open and competitive, ...

California, Florida stem cell clinics target of US lawsuit

LOS ANGELES — Federal prosecutors in California and Florida sued on Wednesday to stop two companies from providing stem cell treatments, alleging the clinics marketed their procedures as remedies for ailments including cancer and heart disease without proof of safety and efficacy. The ...

Mnuchin: Boeing’s sales licenses to Iran will be revoked

WASHINGTON — The U.S. withdrawal from the Iran nuclear deal means Boeing's licenses to sell billions of dollars in commercial jetliners to Iran will be revoked, Treasury Secretary Steven Mnuchin said Tuesday. Mnuchin said that the existing licenses held by Chicago-based Boeing Co. and its ...

California judge affirms ruling for coffee cancer warnings

LOS ANGELES — A court ruling that gave coffee drinkers a jolt earlier this year was finalized Monday when a Los Angeles judge said coffee sold in California must carry cancer warnings. Superior Court Judge Elihu Berle said Starbucks Corp. and other roasters and retailers failed to show ...

Airbnb aims to make travel more accessible for disabled

s Srin Madipalli has traveled the world in his wheelchair. Now, as head of Airbnb's accessibility efforts, he wants to help many others do the same. Madipalli has spinal muscular atrophy, a rare disorder that affects nerve cells and causes muscles to waste away. Finding accessible places to ...

Why Wall Street’s worried about Tesla

Elon Musk's track record for technological feats as chief of SpaceX has turned skeptics into believers in everything from his quest to open space travel to Mars to his desire to build a tunnel for high-speed travel between New York and Washington. As Tesla's CEO, his ambitious vision for ...

Trump’s NRA address comes after zigzag on gun-control policy

WASHINGTON — Back for a return engagement, President Donald Trump's address to the National Rifle Association on Friday comes after he temporarily strayed from the group's strong opposition to tougher gun controls following the school shooting in Parkland, Florida — only to rapidly return ...

Trump proposes easing oil, gas leasing restrictions in the West

BILLINGS, Mont. — The Trump administration wants to ease restrictions on oil and gas leasing and other activities across a huge swath of the American West that were put in place to protect an imperiled bird. The move involves conservation plans for greater sage grouse approved in 2015 under ...

Zuckerberg pledges to ‘keep building’ in no-apology address

the associated press SAN JOSE, Calif. — With a smile that suggested the hard part of an "intense year" may be behind him, Facebook CEO Mark Zuckerberg addressed developers Tuesday and pledged the company will build its way out of its worst-ever privacy debacle. It was a clear and ...

White House delays tariffs on EU, Canada and Mexico

WASHINGTON — The White House said Monday it would postpone a decision on imposing tariffs on U.S. imports of steel and aluminum from the European Union, Canada and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the U.S. prepares for tense trade talks in China ...

Sprint and T-Mobile agree to combine in $26.5 billion deal

NEW YORK — T-Mobile and Sprint reached a $26.5 billion merger agreement Sunday that would reduce the U.S. wireless industry to three major players — that is, if the Trump administration's antitrust regulators let the deal go through. The nation's third- and fourth-largest wireless ...

Sleep mode? Tech giants’ kids’ ‘fixes’ amount to baby steps

By BARBARA ORTUTAY the associated press NEW YORK — Facebook is adding a "sleep" mode to its Messenger Kids service to let parents limit when their kids can use it. It's the latest concession that tech companies are making as critics question whether they should be targeting kids at all. ...

Hope for US trade visit to China: A delay in harmful tariffs

WASHINGTON — When Treasury Secretary Steven Mnuchin leads a delegation of American officials to Beijing next week, few analysts expect them to defuse a smoldering trade conflict with China. Rather, the likeliest outcome is a more modest one: That the talks could produce a delay in the ...

Samsung’s profit exceeds expectation

SEOUL, South Korea — Samsung Electronics Co. reported Thursday better-than-expected quarterly financial results as global data centers continued to fuel robust demand for its mainstay memory chips that posted another record-high quarterly profit. The South Korean tech giant said it recorded ...

Beijing Auto show highlights e-cars designed for China

the associated press BEIJING — Volkswagen and Nissan have unveiled electric cars designed for China at a Beijing auto show that highlights the growing importance of Chinese buyers for a technology seen as a key part of the global industry's future. General Motors displayed five ...

After Facebook scrutiny, is Google next?

MENLO PARK, Calif. (AP) — Facebook has taken the lion's share of scrutiny from Congress and the media about data-handling practices that allow savvy marketers and political agents to target specific audiences, but it's far from alone. YouTube, Google and Twitter also have giant platforms ...

Reports: Wells Fargo to be fined $1B as early as Friday

NEW YORK — Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed source-s. The potential $1 billion fine would be largest ever ...

Trump, Abe fail to agree on US tariff exemption

PALM BEACH, Fla. (AP) — President Donald Trump and Japanese Prime Minister Shinzo Abe said Wednesday they had failed to reach a deal that would exempt Japan from new U.S. steel and aluminum tariffs, as Abe had wanted. Instead, the leaders announced they had agreed to start talks on a new ...

Sources: Bon-Ton Stores head to liquidation

Bon-Ton Stores Inc, a chain of 200 regional department stores, including the Younkers retail stores in Iowa, will go out of business after the only bidders competing at the Monday start of its court-supervised auction were liquidators, two sources familiar with the matter told ...

US, UK say Russia targets internet hardware for economic espionage

The U.S., Britain and Australia have accused the Russian government of maliciously targeting global internet equipment for political and economic espionage. The governments said the Russian operations, which allegedly involve planting malware on internet routers and other equipment, could ...