Merck & Co Inc blew past Wall Street expectations for third-quarter profit on Tuesday, as sales of its blockbuster immunotherapy Keytruda crossed the $3-billion mark for the first time in a quarter and beat lofty estimates.
With average financial advisor now in their 50s and many in their 60s and 70s, the fate of thousands of practices remains in doubt. Studies show that most small advisors, particularly solo practitioners, have no successor to fill their shoes.
Oil slipped to around $61 a barrel on Tuesday, falling for a second day, pressured by expectations of a rise in U.S. crude inventories and doubts that OPEC and its allies will cut oil output further in December.
Tesco will next week become the first major British supermarket group to offer a subscription customer loyalty scheme, the latest weapon in its fight to stem the market share gains of German-owned discounters.
Wall Street opened slightly lower on Tuesday as investors assessed a mixed batch of earnings reports, including from Google-parent Alphabet and big drugmakers Merck and Pfizer.
If YouTube becomes a $300 billion standalone company, it would rank as one of the top 20 biggest companies in the S&P 500
Here are the biggest calls on Wall Street on Tuesday
Murray Energy, once the nation's largest privately held coal company, has filed for Chapter 11 bankruptcy protection.
General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in profits this year.
The Pentagon announced pricing details on Tuesday for its agreement with Lockheed Martin Co that lowers the cost of the F-35 jets it plans to purchase through 2022 by 12.7%, which may encourage other nations to buy warplanes.
Merck & Co Inc said on Tuesday it intends to ramp up production of its top-selling vaccine Gardasil in 2023 and warned of a slowdown in revenue growth next year as demand for the therapy outpaces supply.
E-commence giant Amazon's one-day shipping is poised to pose a big threat to retailers, according to Morgan Stanley.
The S&P 500 hovered near its record high on Tuesday, lifted by upbeat earnings from drugmakers Merck and Pfizer, while a disappointing quarterly profit from Google-parent Alphabet kept the Nasdaq firmly in the negative territory.
Boeing Co Chief Executive Dennis Muilenburg, at the start of two days of testimony before U.S. lawmakers, faced tough questions on Tuesday on the crashes of two 737 MAX planes that killed 346 people and sparked calls for reforms.
Indian budget carrier IndiGo has placed an order for 300 Airbus A320neo-family jets worth at least $33 billion at recent catalog prices, handing the European planemaker what could be its biggest ever order from a single carrier.