St. Louis Fed President James Bullard joins CNBC's Steve Liesman at the Jackson Hole Fed summit to discuss monetary policy, the yield curve, trade and more.
St. Louis Fed President James Bullard told CNBC's Steve Liesman that he likes the idea of an insurance cut from the Federal Reserve.
St. Louis Fed President James Bullard told CNBC's Steve Liesman that the central bank should continue to ease monetary policy because of the recession signal being flashed by the bond market.
ST. LOUIS FEDERAL RESERVE PRESIDENT JAMES BULLARD SAYS LOWER RATES WOULD HELP HIT INFLATION TARGET- CNBC INTERVIEW.
Aug 20- Teva Pharmaceutical Industries Ltd on Tuesday made its generic version of Mylan's EpiPen for young children available in most retail pharmacies at $300 for a 2- pack. U.S.-listed shares of the Israel- based company rose 4.9% to $7 in afternoon trading. Raymond James analyst Elliot Wilbur estimates the current U.S. epinephrine market is worth about $700...
*Bayer floated $6- $8 bln settlement- report. NEW YORK/ FRANKFURT, Aug 9- Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11% higher. Bayer, which acquired Roundup and other glyphosate-based...
*Bayer floated $6- $8 bln settlement- report. FRANKFURT, Aug 9- Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, after a report of such a settlement had driven shares as much as 11% higher. Bayer, which acquired Roundup and other glyphosate-based weedkillers as part...
*Bayer floated $6- $8 bln settlement- report. FRANKFURT, Aug 9- Bayer shares soared as much as 11% on Friday on a report that the German company has proposed to pay up to $8 billion to settle more than 18,000 U.S. lawsuits related to its weedkiller Roundup. The stock was on track for its best single-day gain in a decade as traders said the settlement report from Bloomberg...
CHICAGO, Aug 8- U.S. farm incomes in the Midwest and Mid-Southern states declined yet again in the second quarter of 2019, as record floods devastated a wide swath of the Farm Belt, according to banker surveys released on Thursday by the Federal Reserve Banks of St. Louis and Kansas City. Louis Fed said the second quarter marked the 22nd consecutive quarter for farm...
CHICAGO, Aug 8- U.S. farm incomes in the Midwest declined yet again in the second quarter of 2019, as record floods devastated a wide swath of the Farm Belt, according to a banker survey released on Thursday by the Federal Reserve Bank of St. Louis. The floods added more pain on farmers who have also been hurt by low crop prices and the trade war between Washington and...
CNBC's Steve Liesman reports on St. Louis Fed Reserve President James Bullard recent comments regarding U.S. monetary policy.
Restaurant Brands, which also owns coffee-and-donut chain Tim Hortons and fast-food restaurant chain Popeyes Louisiana Kitchen, said Burger King was seeing strength outside of the United States, particularly in China, India, Brazil and Spain. Tim Hortons also serves breakfast sandwiches made with faux-meat burger maker Beyond Meat Inc's Beyond Sausage in...
Senator Cory Booker has said whoever is president needs to keep corporate consolidation in check, so ahead of the second Democratic debate, CNBC's Leslie Picker takes a look at what the merger boom has meant for the biggest city in Missouri, a key swing state.
July 29- Mylan NV's planned merger with Pfizer Inc's off-patent branded drugs business may have boosted its share price on Monday, but one of its most pressing problems remains: shortages of its flagship EpiPen emergency allergy treatment. For the past year, Mylan has been struggling to address an ongoing EpiPen shortage that could potentially worsen as...
July 29- Pfizer Inc is in talks to merge its contract manufacturer that produces Mylan's EpiPen emergency allergy treatment into the new generics business it is creating by combining its older off-patent medicines unit with Mylan NV, a Pfizer spokeswoman said. Meridian, which produces all EpiPens sold globally at a single plant near St. Louis, has been hit by a...
July 25- A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG's glyphosate-based weed killer, Roundup, for their cancer to $86.7 million. Superior Court Judge Winifred Smith of the California Superior Court in Oakland said the jury's billion-dollar punitive damage awards were excessive and...
July 19- The Canadian health regulator said on Friday it will keep importing U.S.-based Kaleo Inc's epinephrine auto-injectors and expects adequate supply of the devices in the country over the coming months. Health Canada's announcement comes after Pfizer Inc, that makes Mylan NV's EpiPen, notified the regulator that a shortage of the 0.3 mg dose of the...
NEW YORK, July 17- The dollar softened against most major currencies on Wednesday in step with lower U.S. bond yields and expectations the Federal Reserve would lower interest rates, reversing some of the prior day's gains tied to stronger-than-forecast retail sales data. "With the market pricing for lower interest rates, that's keeping a lid on the dollar," said...
Total U.S. farm debt is on track to rise to $427 billion this year, up from an inflation-adjusted $317 billion a decade earlier and approaching levels seen in the 1980 s farm crisis, according to the U.S. Department of Agriculture. But now- after years of falling farm income and an intensifying U.S.- China trade war- JPMorgan and other Wall Street banks are heading...
Louis Federal Reserve President James Bullard called again on Wednesday for an interest-rate reduction to provide insurance against a sharper-than-expected slowdown in U.S. growth due to trade uncertainties and to boost stubbornly low inflation. "I wouldn't want to prejudge" whether the Fed will actually cut rates later this month, Bullard said at the...
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