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EXPLAINER-What has Trump said about cutting drug prices?
By Maggie Fick May 13 (Reuters) - U.S. President Donald Trump signed a broad executive order on Monday directing drugmakers to lower the prices of their prescription drugs to align with what other countries pay.The order said the Trump administration will give drugmakers price targets within a mo...Reuters
Tue, May 13
Commodities
South Korea battery materials maker POSCO Future M to raise $775 mln via share issue
SEOUL, May 13 (Reuters) - South Korean chemical and battery material maker, POSCO Future M 003670.KS, said on Tuesday it would issue new shares to raise around 1.1 trillion won ($775 million) to fund its expansion at home and abroad, including its joint venture factory with General Motors in Canada....Reuters
Tue, May 13
Stocks
This Stock Just Dropped by 12% in 1 Day. History Says This Will Happen Next
Vertex Pharmaceuticals (NASDAQ: VRTX), a leading drugmaker, is performing exceedingly well for the year -- or at least it was, until it released its first-quarter update. The results were not to the market's liking, so much so that they led to a significant post-earnings dip for the stock. Shares ar...The Motley Fool
Tue, May 13
Stocks
3 High-Yield Oil Stocks to Buy With $1,000 and Hold Forever
Energy is vital to the modern world, but oil is still a volatile commodity. Oil prices have come under pressure of late, which has, in turn, resulted in weakening prices for oil-related stocks.That, however, could be a buying opportunity for long-term investors since oil prices have always rebounded...The Motley Fool
Tue, May 13
Stocks
Bayer posts smaller than expected drop in adjusted profit, shares jump
By Ludwig Burger FRANKFURT, May 13 (Reuters) - Bayer BAYGn.DE on Tuesday posted a smaller decline in first-quarter adjusted earnings than investors had feared as strong prescription numbers for new drugs offset a drop in its seed businesses, boosting its shares.CEO Bill Anderson is under pressure...Reuters
Tue, May 13
Stocks
Tesla Stock vs. Apple Stock: The Best buy Right Now, According to Wall Street
Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) are both members of the "Magnificent Seven," a group of seven large U.S. companies that have dominated the stock market over time. While Tesla and Apple remain popular picks with investors, most Wall Street analysts see downside in the former and upside ...The Motley Fool
Tue, May 13
Stocks
Coinbase jumps on inclusion into S&P 500
** Crypto exchange operator Coinbase Global's shares COIN.O jump 10% premarket to $228 after index operator S&P Dow Jones says stock to be included in benchmark S&P 500 .SPX** At current levels, COIN could notch a more than two-month high at market open** COIN to replace credit card issu...Reuters
Tue, May 13
Stocks
Prediction: Nvidia Stock Is Going to Soar After May 28
Nvidia (NASDAQ: NVDA) added an eye-popping $2.5 trillion to its market capitalization since the start of 2023, thanks to surging sales of its data center chips, which are the best in the world for processing artificial intelligence (AI) workloads. However, Nvidia stock is down 22% from its all-time ...The Motley Fool
Tue, May 13
Stocks
Is Alphabet Stock a Buy Now?
Investors may struggle with what to make of Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). As the owner of Google's search engine, YouTube, Google Cloud, and other businesses, the company has generated eye-popping amounts of free cash flow.Nonetheless, ChatGPT and other generative AI platfor...The Motley Fool
Tue, May 13
Stocks
Foreign investors return to Asian equities in May, reversing prolonged outflows
May 13 (Reuters) - Asian equities are attracting foreign investments so far in May, marking a sharp reversal from outflows in the first four months of the year, as optimism over progress in trade talks has eased fears of U.S. tariffs fuelling a global economic slowdown.Foreign investors have purchas...Reuters
Tue, May 13
Stocks
This Warren Buffett Holding Is Worth Avoiding Despite Its High Yield. Here's Why.
Kraft Heinz (NASDAQ: KHC) is one of Berkshire Hathaway's most significant holdings, with a current value of $9.1 billion, representing 3.3% of its equity portfolio. However, with a 67% decline over the last decade, it's not one of Warren Buffett's most successful holdings, and it remains to be seen ...The Motley Fool
Tue, May 13
Stocks
2 Tech Stocks You Can Buy and Hold for the Next Decade
Quality tech stocks trading at reasonable valuations aren't easy to find lately. The sector has plenty of highly successful stocks, but many of them range from expensive to really expensive when comparing valuations.Two notable exceptions are Meta Platforms (NASDAQ: META) and PayPal (NASDAQ: PYPL). ...The Motley Fool
Tue, May 13
Economic Indicator
ECB's Makhlouf warns uncertainty will persist even if trade war passes
DUBLIN, May 13 (Reuters) - Uncertainty in the global economy is likely to persist even if a global trade war proves short-lived, European Central Bank governing council member Gabriel Makhlouf said in a speech on Tuesday."Even if a full-blown trade war turns out to be short-lived, the uncertaint...Reuters
Tue, May 13
Stocks
GLOBAL MARKETS-Stocks edge up, dollar dips as trade-deal sugar rush fades
US-China tariff pause lifts sentiment but worries linger Traders lower bets of Fed rate cut this year Focus now on economic data, US inflation set for TuesdayBy Amanda Cooper LONDON, May 13 (Reuters) - A rally in global stocks and the dollar lost some momentum on Tuesday, as initial euphoria over...Reuters
Tue, May 13
Other
Foreign travel spending in US to decline 7% in 2025, report says
U.S. visitor spending to drop below $169 billion this yearStrong dollar and politics deter foreign visitors, says WTTCTravel from Canada and Mexico down 20% year-over-yearBy Doyinsola Oladipo NEW YORK, May 13 (Reuters) - International travel spending in the United States is expected to decline ab...Reuters
Tue, May 13
