T-Mobile and Sprint work to save merger talks
T-Mobile US and Sprint are working to save their $74 billion merger and could reach a deal within weeks, according to the Wall Street Journal. Fred Katayama reports.
Apple stock hits record
Apple stock surged as customers lined up to buy the new iPhone X in Apple stores around the world. Fred Katayama reports.
Trump nominates Jerome Powell to head U.S. Fed
President Donald Trump tapped Federal Reserve Governor Jerome Powell to become head of the U.S. central bank to replace Janet Yellen when her term expires in February. Fred Katayama reports.
Market is nervous about tax cuts, says TCW’s Diane Jaffee.
Tax cuts for corporations would be remarkably positive. But when it's phased in, maybe it means you don't get everything you've anticipated, says Diane Jaffee, senior portfolio manager at TCW. Aleksan ...
Pfizer raises profit outlook
Strong sales of Prevnar helped the drug maker more than double its quarterly profit. As Fred Katayama reports, one analyst called the results "refreshingly boring."
CVS-Aetna tie-up takes aim at high prescription drug costs
CVS's more than $66 billion offer to buy health insurer Aetna could give the pharmacy operator a stronger hand when trying to get drug manufacturers to cut high drug prices.