Drugmaker AbbVie expects Humira volume erosion to worsen

Drugmaker AbbVie expects Humira volume erosion to worsen

By Leroy Leo and Christy Santhosh (Reuters) -AbbVie expects a drop in sales volumes of its blockbuster arthritis drug Humira to deepen after recent changes by U.S. pharmacy benefit managers and as patients shift to other drugs. Its shares were...
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Two senators want US to order Tesla to restrict Autopilot use

Two senators want US to order Tesla to restrict Autopilot use

WASHINGTON (Reuters) – Two U.S. senators on Friday urged regulators to bar Tesla from allowing the use of driver assistance system Autopilot on roads where it is not intended. Democratic Senators Ed Markey and Richard Blumenthal said the National Highway...
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Warren Buffett’s real estate brokerage reaches $250 million antitrust settlement

Warren Buffett’s real estate brokerage reaches $250 million antitrust settlement

By Jonathan Stempel (Reuters) – A real estate brokerage owned by Warren Buffett’s Berkshire Hathaway said on Friday it reached a $250 million settlement of nationwide antitrust litigation that is expected to change how real estate agents are paid. ...
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Analysis-Investors brace for 5% Treasury yields as US inflation worries mount

Analysis-Investors brace for 5% Treasury yields as US inflation worries mount

By David Randall NEW YORK (Reuters) – As U.S. inflation worries grow, some investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October. Bond yields, which move inversely to prices, have...
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‘End of oil not in sight’, OPEC Secretary General says in MEES article

‘End of oil not in sight’, OPEC Secretary General says in MEES article

LONDON (Reuters) – The end of oil is not in sight, OPEC’s top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions...
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Chipotle shares breach $3,000 on first ever stock-split plan

Chipotle shares breach $3,000 on first ever stock-split plan

By Savyata Mishra (Reuters) -Chipotle Mexican Grill’s stock breached the $3,000 mark for the first time on Wednesday and closed 3.5% higher after the burrito chain’s board approved a 50-for-1 stock split, hoping to entice investors wary of its loft...
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Mercedes Benz to recall 116,020 vehicles, US regulator says

Mercedes Benz to recall 116,020 vehicles, US regulator says

(Reuters) – Mercedes Benz will recall 116,020 vehicles due to an improperly secured 48-volt ground connection, the U.S National Highway Traffic Safety Administration said on Wednesday. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Sherry Jacob-...
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Explainer-What is bitcoin’s ‘halving’, and does it matter?

Explainer-What is bitcoin’s ‘halving’, and does it matter?

LONDON (Reuters) – As bitcoin’s price reaches new heights, attention is turning to its upcoming “halving” and whether it is playing a role in its ascent.  Depending on where you sit, the halving is a vital event that will burnish...
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Stocks slip, US yields edge higher with data eyed

Stocks slip, US yields edge higher with data eyed

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stock markets edged lower and U.S. Treasury yields rose modestly on Wednesday, as investors looked to the next round of data on inflation and consumer health for clues on the...
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