business

Biden administration to impose inflation penalties on dozens of drugmakers

The Biden administration will subject dozens of drugmakers to inflation penalties, the White House said on Thursday, in a move…

Stocks making the biggest moves midday: Etsy, Pfizer, Tesla, Vertex Pharmaceuticals and more

Check out the companies making headlines in midday trading. Etsy — Etsy’s stock sank 2% after the e-commerce company said…

Michael Milken says the Fed won’t move too early and risk massive inflation like the 1970s

Famed investor Michael Milken expects the Federal Reserve will move slowly on monetary policy — if history is any guide.…

Macy’s shares surge 21% after it receives $5.8 billion buyout offer

Arkhouse Management and Brigade Capital Management have offered to buy Macy’s for $5.8 billion, people familiar with the matter told…