Health and Human Services Secretary Alex Azar listens as U.S. President Donald Trump delivers a speech about lowering prescription drug prices from the Rose Garden at the White House in Washington, U.S., May 11, 2018. Jonathan Ernst | Reuters CEOs from the world’s largest pharmaceutical companies pitched ideas for lowering drug prices at the J.P.
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Laurence “Larry” Fink, chairman and chief executive officer of BlackRock. Chris Goodney | Bloomberg | Getty Images BlackRock, the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, as more money rolled into its cash management business and exchange-traded funds amid concerns of slowing global growth. The company attracted $128.84 billion in
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CNBC’s Jim Cramer revealed a list of stocks worth buying on a pullback after the U.S. and China authorized a long-delayed phase-one trade deal. The “Mad Money” host broke down why personalization is playing a larger role in the retail and pharmaceutical spaces. Later in the show, he went one-on-one with XPO Logistics CEO Bradley
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David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.47 a share, a 9.5% decline from a
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Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks to guests during a campaign stop at Fisher Elementary School on January 12, 2020 in Marshalltown, Iowa. Scott Olson | Getty Images Presidential contender Sen. Elizabeth Warren said on Tuesday that she would begin to forgive student loan debt on the first day of her administration, using
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The Internal Revenue Service headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Every budget cycle, members of Congress solemnly promise to better fund the Internal Revenue Service so it can do its job of collecting taxes and serving the taxpayer. And once again, Congress has done the opposite. According to an analysis
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A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines‘ fourth quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel — particularly for high-priced premium tickets — demanded lifted the Atlanta-based carrier’s results. Before the market opened on Tuesday, Delta reported per-share
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CNBC’s Jim Cramer attributed late-Tuesday’s market sell-off to China tariffs worries combined with an overbought market. The “Mad Money” host sat down with Medtronic’s outgoing CEO Omar Ishrak to get an update on robotic-assisted surgery systems. Later in the show, he broke down what climate change will impact investing on Wall Street. The rise comes
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Getty Images Wells Fargo is scheduled to report fourth-quarter earnings before the market open Tuesday. Here’s what Wall Street expects, according to Refinitiv consensus estimates: Earnings: $1.12 per share, down 7.2% year over year Revenue: $20.14 billion, down 4% year over year The results, which reflect the bank’s performance for the three months ended Dec.
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1. Dow to open steady, supported by rise in JP Morgan Scott Eells | Bloomberg | Getty Images 2. BlackRock CEO: Climate crisis about to trigger a ‘reshaping of finance’ Larry Fink Anjali Sundaram | CNBC The chief of the world’s largest money manager believes the intensifying climate crisis will bring about a significant reallocation
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Sam Edwards | Getty Images Retirement is often called the golden years. Many elderly Americans probably wouldn’t describe it that way. Recent research from the Center for Social and Demographic Research on Aging at the University of Massachusetts Boston found that many older Americans don’t have enough money to get by. The report estimates that
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Plaid co-founders William Hockey and Zach Perret Source: Plaid Payments giant Visa is buying Silicon Valley start-up Plaid for $5.3 billion, the companies announced Monday. Plaid’s API software, often referred to as the “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. It’s well-known among financial technology developers, but the average person interacting
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CNBC’s Jim Cramer warned the recent gains in Alphabet could be short lived when the company reports earnings in coming weeks. The “Mad Money” host broke down the movements in other stocks that he said aren’t “momentum” based. Later in the show he sat down with GlaxonSmithKline CEO Emma Walmsley and CVS Health CEO Larry
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