Bipartisan Senate effort aims to override Trump’s deal to save ZTE
A bipartisan group of Senators has added language to the National Defense
The Truth Behind iQIYI, Inc’s Multibagger Potential
China internet stocks are hot. The likes of Alibaba Holdings Ltd (NYSE:BABA), Tencent Holding/ADR (OTCMKTS:TCEHY), Baidu Inc (ADR) (NASDAQ:BIDU) and others have rallied well over 100% over the past several years. But, as noteworthy as these stocks may be, iQIYI, Inc (NASDAQ:IQ) is one freshly public Chinese internet stock that has staged a 100%-plus rally in a much shorter time frame, and it is arguably the most talked about Chinese internet stock today.
GSK says vaccine business president to leave by year-end
Roger Connor, president of its global manufacturing and supply division since 2012, would replace Debruyne on September 1. Debruyne has held a number of roles during his career at GlaxoSmithKline, including general manager in the Netherlands and Italy and senior vice president of the company's pharmaceuticals business in Europe. CEO Emma Walmsley said earlier this year she was increasingly confident the company would be able to drive sales and profit growth over the next few years, helped by newer products such as its successful new shingles vaccine Shingrix.
Pump prices continue to retreat
Allergan's Second Anti-CGRP Drug Positive in Mid-Stage Study
Allergan's (AGN) anti-CGRP candidate, atogepant, successful in mid-stage study, following positive data readouts from two phase III studies on another anti-CGRP candidate, ubrogepant.
Coinbase is adding another cryptocurrency to its platform
Coinbase announced that it will be adding Ethereum Classic to its platform. Ethereum Classic is a digital currency that is the result of a hard fork in the ethereum blockchain. Coinbase is emphasizing transparency in the process following allegations that the company's employees benefitted from insider trading when it added bitcoin cash to the platform late last year.
MARKETS: S&P 500 rally could pause until after the Fed announcement
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action. Here's the performance of the Dow Jones Industrial Average as of 10:15 am ET: CAT Caterpillar Inc 0.66% GE General Electric Co 0.61% XOM Exxon Mobil 0.55% CVX Chevron Corporation 0.53% KO Coca-Cola Co 0.27% JPM JPMorgan Chase & Co 0.27% AAPL Apple Inc 0.27% IBM Intl Business Machines Corp 0.27% GS Goldman Sachs Grp 0.20% DIS Disney (Walt) Co 0.19% DWDP DowDuPont Inc 0.19% V Visa Inc 0.16% HD Home Depot Inc 0.16% MCD McDonald's Corp 0.10% MSFT Microsoft Corp 0.10% BA Boeing Co -0.06% INTC Intel Corp -0.07% TRV The Travelers Companies Inc -0.09% VZ Verizon Communications -0.11% UTX United Technologies -0.12% PG Procter & Gamble Cc -0.19% PFE Pfizer Inc -0.21% CSCO Cisco Systems -0.23% NKE Nike Inc Cl B -0.24% MRK Merck & Co -0.25% AXP American Express Co -0.35% MMM 3M Co -0.33% JNJ Johnson & Johnson -0.51% WMT Wal-Mart Stores -0.85% UNH UnitedHealth Grp Inc -1.11%