Business

Shutdown extends into workweek, as Senate talks continue

Budget Battle-3

President Donald Trump’s budget director is holding out hope that feuding Democrats and Republicans...

Business

The Latest: Trudeau announces Pacific trade deal without US

Switzerland Davos Forum

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 6:00 p.m. Canadian Prime Minister Justin Trudeau says Canada and 10 other countries of the Trans-Pacific Partnership have agreed to a revised trade agreement. The deal comes exactly one year...


Business

Americans cheer their economy. Their president, not so much

(c) 2018, Bloomberg. President Donald Trump is breaking the convention that when Americans feel good about the economy they credit their leader. Never in recent history have consumers been so buoyant about economic prospects and their financial fortunes while at the same time so down on the...


Business

Johnson & Johnson loses appeal on validity of Remicade patent

(c) 2018, Bloomberg. Johnson & Johnson’s patent on its top-selling arthritis drug Remicade is invalid, a U.S. appeals court ruled Tuesday in a defeat to the drugmaker that just last week lost a patent on another blockbuster medicine. The antibodies covered by this patent were already disclosed in...


Business

Tech and consumer-focused companies rise; Netflix leaps

Financial Markets Wall Street

NEW YORK (AP) — U.S. stocks are mixed Tuesday as consumer-focused companies like Netflix and Amazon climb while household goods makers including Johnson & Johnson and Procter & Gamble sink following disappointing quarterly reports. Bond yields are down after rising to three-year highs in the last...


Business

As US raises tariffs, India's Modi defends free trade

Switzerland Davos Forum

DAVOS, Switzerland (AP) — Indian Prime Minister Narendra Modi warned Tuesday against a new wave of protectionism, saying that trade barriers pose a danger to the world on a par with climate change and extremist attacks. Modi delivered the message in a speech just hours after the U.S. government of...


State

Trump's move may nudge holdout GOP states to expand Medicaid

Medicaid Works Requirements

WASHINGTON (AP) — In an ironic twist, the Trump administration’s embrace of work requirements for low-income people on Medicaid is prompting lawmakers in some conservative states to resurrect plans to expand health care for the poor. Trump’s move has been widely criticized as threatening the...


Business

More truckers are saying they're running out of capacity

Special To The Washington Post. Should we be concerned? Truckers seem to be running out of room. That seems to be the takeaway from this year’s State of the North American Supply Chain study from transportation company Averitt Express. The report, which polled 1,600 shippers in late 2017, found...


Business

Welcome to the new reality of leaping U.S. Treasury debt sales

(c) 2018, Bloomberg. The world’s biggest bond market is about to get a taste of the future, with the U.S. Treasury expected to unveil bigger note sales for the first time since 2009 to fund deficits that are likely to deteriorate for years to come. Treasury Secretary Steven Mnuchin’s debt-...


Business

Facebook will 'do better' to stem abuse, Sandberg vows

(c) 2018, Bloomberg. Facebook promised “to do better” to boost privacy, stem the spread of hate speech and clamp down on the abuse of the social network to influence votes, Chief Operating Officer Sheryl Sandberg told a Brussels audience, including a European Union commissioner. “We know that tech...


Business

Uber to be profitable within 3 years, CEO says

(c) 2018, Bloomberg. Uber Technologies, whose losses have piled up in the quest for growth around the world, will be profitable within three years, said Chief Executive Officer Dara Khosrowshahi. Bending the company’s financial trajectory out of the red would be a dramatic shift for the global ride-...


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