Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
AstraZeneca has achieved another milestone in rebuilding its drug portfolio with U.S. approval of a drug for severe asthma as the company battles to put patent losses on older medicines behind it.
The U.S. Food and Drug Administration's (FDA) decision to endorse benralizumab, which will be marketed under the name Fasenra, follows a positive recommendation for the product in Europe on Friday.
Shares in AstraZeneca were 1 percent higher on Wednesday following the overnight news.
Fasenra will compete with GlaxoSmithKline's Nucala and Teva's Cinqair — two other injectable antibody drugs for severe asthma — but AstraZeneca believes its product's potency and convenient dosing could give it an edge.
The Anglo-Swedish company is also being competitive on cost, setting a long-term price below that of rivals at $28,000, or $33,000 in a maintenance year, depending on whether patients receive six or seven doses.
Treatment in the first year will cost $38,000, as more doses are needed, which AstraZeneca said was in line with competing biologic drugs in severe asthma.
While most investor focus is on AstraZeneca's cancer research, the company also has a long history in respiratory therapy that it plans to build on with Fasenra and another earlier-stage medicine called tezepelumab that is developing with Amgen.
Modern biotech asthma drugs are offering new hope for severe asthma sufferers who continue to have breathing problems despite using modern inhalers. In the case of Fasrena, the number of severe asthma attacks was roughly halved in clinical tests.
Fasrena is designed for patients with a particular kind of asthma driven by a type of white blood cells called eosinophils.
AstraZeneca had previously said it hoped to win U.S. approval for the new drug before the end of the year. The FDA approval, announced late on Tuesday, clears Fasenra as an add-on treatment for severe asthma patients aged 12 years and older.
"This is the first approval from our respiratory biologics portfolio and the latest in a series of significant milestones for our company as we deliver on our pipeline-driven transformation," said AstraZeneca Chief Executive Pascal Soriot.
Last week, while presenting quarterly results, Soriot said the drugmaker was moving into a commercial execution mode, following the success of a number of new medicines in clinical development.
In cancer, it has seen good results in 2017 with two new pills already on the market — Lynparza and Tagrisso — while its blood cancer drug Calquence won U.S. approval last month. Imfinzi, its closely watched immunotherapy medicine, failed in initial tests in one lung cancer setting but proved successful in another.