Marley Jay, Associated Press | Posted Dec 7th - 10:01am
U.S. stocks are moving higher Wednesday, keeping major indexes at record highs. Bond yields are falling, and investors seeking income are buying stocks that pay large dividends, like real estate investment trusts, utilities and phone companies. Health care companies are taking steep losses after President-elect Donald Trump said he wants to reduce drug prices.
Illinois Gov. Bruce Rauner is set Wednesday to sign legislation that provides billions of dollars in subsidies to Exelon Corp. so the power giant can keep unprofitable nuclear plants running in the state.
Several large German companies, including carmaker BMW, have pulled their ads from U.S.-based news and opinion website Breitbart due to concerns about its content, following a similar move by cereal maker Kellogg's.
Danica Kirka, Associated Press | Posted Dec 7th - 9:28am
British regulators fined U.S. drugmaker Pfizer and distributor Flynn Pharma a record 89.4 million pounds ($112.7 million) Wednesday for increasing the cost of an epilepsy drug by as much as 2,600 percent.
David McHugh and Pan Pylas, Associated Press | Posted Dec 7th - 9:14am
Faced with weak growth and inflation across the 19-country eurozone, the European Central Bank is expected to extend its stimulus program for at least another six months when it concludes its policy meeting Thursday.