Futures are pointing to a rebound at the Friday Wall Street open ahead of the long holiday weekend, but not nearly enough to make up for the week's losses.Morning Briefread more
May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
"We have a high degree of confidence that AMZN shares can reach this level with no major acquisitions or other significant changes to the business."Investingread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
China denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China's Huawei was lying about his company's ties to the...World Politicsread more
U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries.World Economyread more
A downgrade from BMO analysts led to an unsavory drop in Chipotle's stock, and some analysts are advising waiting out the weakness.Trading Nationread more
President Donald Trump has threatened tariffs on another $300 billion worth of Chinese goods — but Chinese PC-maker Lenovo is prepared to shift its production if that happens,...Technologyread more
Indian Prime Minister Narendra Modi won a landslide re-election victory. That could see India taking a more assertive security stance.Asia Politicsread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.]
President Donald Trump will outline his plans to lower drug prices on Thursday.
In his remarks at the Department of Health and Human Services, he is expected to detail efforts to cut Medicare drug prices to bring them closer in line with costs around the world, according to Politico. It would involve negotiating policies for some drugs administered directly by doctors, the outlet reported.
As a candidate, Trump proposed sweeping changes to lower drug prices. It included a plan to allow Medicare to negotiate drug prices directly with pharmaceutical companies, which Democrats cheered. However, Trump has not followed through on that pledge in office.
The timing of the president's drug price announcement Thursday raised questions. It comes only 12 days before November's midterm elections, when Republicans aim to defend a House majority amid an onslaught of Democratic attacks over health care. Democrats have focused in particular on affordability and GOP efforts to repeal the Affordable Care Act.