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Trump administration drops Biden's proposal of Medicare weight-loss drug coverage
April 4 (Reuters) - The Centers for Medicare & Medicaid Services said on Friday that it did not move forward with a proposal put forth by the Biden administration on Medicare coverage of weight-loss drugs such as Novo Nordisk's NOVOb.CO Wegovy.Reuters
Fri, Apr 4
Stocks
3 Ways the New U.S. Tariffs Might Affect Amazon Stock
President Donald Trump's "Liberation Day" tariff program set off a string of worries and sent the markets tumbling on Thursday and Friday. New fears about how the tariffs could trigger a recession sent investors running toward safer instruments like U.S. Treasury bills. Analysts at J.P. Morgan raise...The Motley Fool
Fri, Apr 4
Other
FTC eyes resuming insulin lawsuit against drug middlemen
By Jody Godoy April 4 (Reuters) - The U.S. Federal Trade Commission's lawsuit against pharmacy benefit managers over insulin pricing practices will likely move forward again after being paused amid President Donald Trump's firing of the agency's two Democratic commissioners.The FTC ea...Reuters
Fri, Apr 4
Other
EXCLUSIVE-TikTok deal put on hold after China indicated it would reject deal over tariffs, say sources
By Dawn Chmielewski and David ShepardsonApril 4 (Reuters) - A deal to spin off the U.S. assets of TikTok was put on hold after China indicated that it would not approve the deal following President Donald Trump's reciprocal tariffs announcement, according to two sources familiar with the matter....Reuters
Fri, Apr 4
Stocks
QUOTES-Markets extend plunge after Powell says Fed to wait and see on tariffs impact
April 4 (Reuters) - The rout on Wall Street continued on Friday, with the Nasdaq earning a bear-market classification, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war. The S&P 500 .SPX, Dow ...Reuters
Fri, Apr 4
Other
Tufts student's immigration arrest case moved to Vermont, not Louisiana, by US judge
By Nate Raymond and Jack Queen April 4 (Reuters) - The Trump administration on Friday lost a bid to throw out or move to Louisiana a Tufts University student's legal challenge to her immigration arrest, which sparked protests against the president's efforts to deport pro-Palestinian activ...Reuters
Fri, Apr 4
Stocks
US stocks weekly: Tariffs tumult
** S&P 500 .SPX drops second-straight week, craters 9.1% as tariffs reverberate globally .N** SPX, e-mini S&P futures EScv1, suffer biggest weekly drops since Mar 2020 pandemic panic** Dow .DJI slides 7.9%, Nasdaq Composite .IXIC crumbles ~10%, also biggest weekly drops since Mar 2020** Inde...Reuters
Fri, Apr 4
Commodities
CBOT wheat settles weaker as China retaliates against US tariffs
April 4 (Reuters) - Chicago Board of Trade wheat futures closed lower on Friday as China imposed extra levies of 34% on all U.S. goods, deepening the trade war between the world's two biggest economies, analysts said.China has not recently been buying U.S. wheat, though tit-for-tat tariffs have ...Reuters
Fri, Apr 4
Stocks
EMERGING MARKETS-Stocks, currencies and bonds slump as China hits back on US tariffs
China retaliates with 34% tariffs on U.S. goods MSCI Latam stocks index down 7.1%, FX off 3.6%EM dollar bonds slide By Johann M Cherian and Lisa Pauline Mattackal April 4 (Reuters) - Emerging market stock, currencies and dollar bonds broadly tumbled on Friday, with indexes tracking Latin American...Reuters
Fri, Apr 4
Other
THE DAY AHEAD-North America, April 7
To access a PDF version of this newsletter, please click here You can read The Day Ahead via TOPNEWS - U.S Companies or Canada page. If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/TDA-subscription-page For Morning News Call U.S. -- a...Reuters
Fri, Apr 4
Other
CORRECTED-Family of Venezuelan singer jailed in El Salvador call for due process
By Efrain Otero CARACAS, April 4 (Reuters) - Friends and relatives of Venezuelans deported from the U.S. to a maximum security prison in El Salvador held a vigil in front of colorful murals of their loved ones' faces painted on a Caracas street, calling for due process after the U.S. accused ...Reuters
Fri, Apr 4
Other
Inside Debt - April 4
To access a PDF version of this newsletter, please click here You can read Inside Debt via TOPNEWS Fixed Income page.If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/Inside-Debt-Subscription-page For an index of our newsletters click ...Reuters
Fri, Apr 4
Stocks
WTH? Bessent tries to blame market sell-off on DeepSeek versus Trump’s tariffs
Investing.com -- In an astonishing interview, U.S. Treasury Secretary Scott Bessent blamed the stock market plunge on China's DeepSeek versus President Trump's tariffs."For everyone who thinks these mInvesting.com
Fri, Apr 4
Stocks
DIARY-Federal Reserve Events
***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025May 6-7 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)June 17-18 (second day: statement released 1400 EDT/1800 ...Reuters
Fri, Apr 4
Other
US Supreme Court backs Trump on teacher training grant cuts
By Andrew ChungApril 4 (Reuters) - The U.S. Supreme Court allowed President Donald Trump's administration to proceed with millions of dollars of cuts to teacher training grants - part of his crackdown on diversity, equity and inclusion initiatives - in a setback on Friday to eight Democratic-led...Reuters
Fri, Apr 4
Other
Eyenovia Inc expected to post a loss of $7.20 a share - Earnings Preview
Eyenovia Inc EYEN.OQ EYEN.O is expected to show a rise in quarterly revenue when it reports results on April 7 (estimated) for the period ending December 31 2024The New York City-based company is expected to report a 32,467.6% increase in revenue to $843.5 thousand from $2.59 thousand a year ago, ...Reuters
Fri, Apr 4
Stocks
Treasury's Bessent: Market drop a 'Mag 7' problem, not a MAGA one, he says in Tucker Carlson interview
Bessent interview released as market selloff intensifiesStocks have lost 10% in two daysBessent pins selloff to emergence of China's DeepSeek AI toolTreasury secretary says Trump administration retains strong-dollar policyBy Costas Pitas, Brendan O'Brien April 4 (Reuters) - The stock mark...Reuters
Fri, Apr 4
