Brainstorm Health: New Flu Drug Approval, Alexion’s RNAi Bet, Trump Signs Opioid Bill

Happy hump day, readers. There’s a new flu drug in town. On Wednesday, the Food and Drug Administration (FDA) inched closer to a record-breaking year of drug approvals, green lighting the first new antiviral flu medicine with a unique action mechanism in nearly two decades. The drug, Japanese pharmaceutical company Shionogi’s and Roche arm ...

Project Stream Makes Google a Player in the Video Game Industry

This video game shouldn’t run so smoothly. I’m playing Assassin’s Creed Odyssey on a laptop that sometimes struggles to stream Netflix, but the laptop is operating without any hitches, like I’m on a top-of-line PC. I then switch to playing Assassin’s Creed Odyssey on a Chromebook, a laptop that wasn’t designed to ever play video games. The game ...

John Brennan on Pipe Bomb: Donald Trump Incites ‘Anger, If Not Violence’

Former CIA director John Brennan, the target of a potential bomb sent to CNN on Oct. 24, pinned blame on President Donald Trump in an interview just hours after the incendiary device was discovered. “Unfortunately I think Donald Trump, too often, has helped to incite some of these feelings of anger, if not violence.” CNN’s headquarters was ...

Exxon Mobil Sued by New York State for Deceiving Stockholders on Future Costs of Greenhouse Gas and Carbon Rules

New York’s attorney general, Barbara Underwood, has sued Exxon Mobil for allegedly misleading investors about how the company managed risk related to the ever-increasing costs and restrictions of climate change regulations. While it may sound like an accounting blip, the suit states that Exxon is undercounting costs by many billions of dollars ...

Tech Stocks Lifted the Market This Year. Now They May Be Leading It Into a Correction

It’s official. The Nasdaq Composite, a stock index heavily weighted toward big-name tech companies, is in a correction. That’s because some of the biggest names in tech are getting hit especially hard this month. The Nadsaq fell 4.4% Wednesday as some tech companies warned about slowing demand. The drop was more severe that those in the Dow Jones ...

EU Parliament Votes to Ban Single-Use Plastics, Including Plates, Cutlery, and Straws

The European Union Parliament has voted to ban single-use plastics. Parliament, the EU’s legislative body comprised of 751 elected members (MEPs), voted 571-53 in favor of the bill. Banned items will include plastic plates, cutlery, and straws, and the proposal also calls for a reduction in the use of other single-use food and beverage containers ...

Tesla’s Stock Soars 15% After Blowout Earnings as Model 3 Deliveries Rise

Tesla’s stock surged as much as 15% Wednesday, after posting earnings in the third quarter that blew away Wall Street’s profit forecasts as the company began selling the enough of its new Model 3 cars to push the company well into the black. Where the consensus of analysts called for a loss of 3 cents a share, Tesla posted a profit of $2.90 a ...

Costco Sells 60 Million $5 Rotisserie Chickens Per Year. Here’s How It Plans to Make Them Farm-to-Table

Costco is known for selling a wide, weird variety of products and foods, including produce like avocados with an extra long shelf life and items such as acai bowels on its recently revamped food court menu. Among the Cotsco deals shoppers most love to take home are $5 rotisserie chickens. The warehouse retailer sells 60 million of the savory ...

How Elon Musk Is Winning Over the Tesla Shorts

Even before Tesla wowed investors Wednesday with its first significant quarterly profit--$312 million--Wall Street could sense a change in the tides. First, Tesla had suddenly announced Monday that it would report third-quarter earnings this week, instead of in early November as it usually does. The rush seemed out of character for a company that ...

S&P 500 Has Shed $1.7 Trillion Since Its All-Time High, Wiping Out All Its 2018 Gains

Tax cuts haven’t been enough to keep the stock market away from trade war fears in 2018. Carrying on a month-long market rout, major indexes tracking U.S. equities--the Dow Industrial Average and the S&P 500--slipped into the red Wednesday amid worries about tariffs and rising interest rates. The Dow fell 2.4% to 24,582 while the more ...
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