Dec 19- A Manhattan federal judge on Wednesday blocked New York state from enforcing a recently enacted law that aimed to collect $600 million from drug manufacturers and distributors to defray the costs of combating the opioid addiction epidemic. The ruling came in a trio of lawsuits by drug wholesale distributor group Healthcare Distribution Alliance;...
WASHINGTON, Sept 27- New orders for key U.S.-made capital goods fell in August after four straight months of strong gains and the goods trade deficit widened sharply, prompting some economists to significantly lower their economic growth estimates for the third quarter. "Third-quarter GDP growth is less boomy, more noisy," said Michael Feroli, an economist at...
*Core capital goods orders fall 0.5 percent in August. WASHINGTON, Sept 27- New orders for key U.S.-made capital goods fell in August after four straight months of strong gains, while shipments barely rose, but that will probably not change expectations of solid growth in business spending on equipment in the third quarter. The Commerce Department said orders...
George Yeo, chairman of Kerry Logistics Network, says current US-China trade tensions are benefiting the company in the short-term due to the divergence of investments and trade. However, those gains are only temporary.
Aug 2- Drug wholesale distributor AmerisourceBergen Corp said on Thursday it had received a grand jury subpoena from federal prosecutors in Florida seeking documents related to opioid products and its communications with a drugmaker. AmerisourceBergen said in a filing with the U.S. Securities and Exchange Commission that it received the subpoena in May.
Former U.S. Treasury Secretary Larry Summers speaks with CNBC’s “Squawk Alley” on President Trump’s new tariffs.
Joshua Meltzer of Brookings Institution says "no progress" is being made in addressing the fundamental structural issues which "underpin" the trade and economic issues between the U.S. and China.
Robotics, digitization and localization — perhaps more than tariffs — are the major game-changers for globalization, UBS' chief economist says.
President Trump's announcement of a steep tariff on imported steel and aluminum has garnered widespread criticism, with U.S. trade partners already threatening retaliation.
CNBC's Rick Santelli reports the latest industrial production data.
Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, data from the statistics bureau showed on Friday.
South Korea's industrial output declined sharply with production losses across key automobile, semiconductor and machinery sectors.