By Sriparna Roy and Christy Santhosh (Reuters) -Eli Lilly has sent cease-and-desist letters to U.S. healthcare providers in recent days to stop the promotion of the compounded versions of its drugs for weight loss and diabetes, as their supply increases, the company said on Wednesday. The letters were sent to telehealth companies, wellness centers and […]

(Reuters) -Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Japan’s Nikkei shed a staggering 12% to hit nine-month lows, entering bear market territory and […]

By Niket Nishant (Reuters) -Mastercard beat second-quarter profit expectations on Wednesday and said spending was holding up, reassuring investors worried about customers’ financial health after a swathe of companies warned of pressure on low-income households. The strong performance was helped by robust growth in key international markets like Europe and Latin America, coupled with a […]

By Alden Bentley, Harry Robertson and Kevin Buckland NEW YORK/LONDON/TOKYO (Reuters) -The dollar held steady on Monday as traders braced for an avalanche of market events featuring midweek policy decisions by the Federal Reserve, Bank of Japan and Bank of England, and what could be a pivotal U.S. employment report for the Fed on Friday. […]

By Jonathan Stempel (Reuters) -LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft unit of overcharging advertisers by inflating how many people watched video ads on its platform. A preliminary settlement was filed late on Thursday in San Jose, California federal court, and requires approval by U.S. Magistrate Judge […]

By David French (Reuters) -The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lackluster Alphabet and Tesla earnings undermined investor confidence in megacap names. As the first of the Magnificent Seven stocks reported quarterly numbers, […]

(Reuters) -Shares of CrowdStrike plunged 13% on Monday, extending their loss-making streak, after Wall Street analysts downgraded the stock on concerns over the financial fallout from a global cyber outage last week. CrowdStrike’s glitchy update to its security software crashed computers powered by Microsoft’s Windows operating system, disrupting internet services across the globe and affecting […]

By Andrew Mills, Elena Rodriguez and David Shepardson EDINBURGH/MADRID/BALTIMORE (Reuters) -Air passengers worldwide faced delays, flight cancellations and headaches checking in as airports and airlines were caught up in a massive IT outage that has affected numerous industries ranging from banks to media companies. A software update by global cybersecurity firm CrowdStrike triggered systems problems […]