Teva to pay $225 million in fines and divest generic drug to resolve price-fixing charges
Economy

Teva to pay $225 million in fines and divest generic drug to resolve price-fixing charges

Boxes of tablets produced by Teva Pharmaceutical Industries.Chris Ratcliffe | Bloomberg | Getty ImagesDrugmaker Teva Pharmaceuticals agreed to pay $225 million in criminal fines to resolve charges related to price fixing three medications, including a generic cholesterol drug that it has agreed to divest, the U.S. Department of Justice announced Monday.Glenmark Pharmaceuticals will pay $30 million… […]

Rent the Runway’s losses narrow as company edges closer to profitability
Economy

Rent the Runway’s losses narrow as company edges closer to profitability

A worker moves clothing in the storage area at Rent the Runway’s “Dream Fulfillment Center” in Secaucus, New Jersey, U.S., September 11, 2019.Andrew Kelly | ReutersRent the Runway’s losses narrowed in its fiscal fourth-quarter earnings reported Wednesday as the digital retailer continues to streamline its costs and work toward profitability.Despite the improvements, the company’s fiscal… […]

ChatGPT may be able to predict stock movements, finance professor shows
Economy

ChatGPT may be able to predict stock movements, finance professor shows

A trader works on the floor of the New York Stock Exchange.Jason DecrowAlejandro Lopez-Lira, a finance professor at the University of Florida, says that large language models may be useful when forecasting stock prices.He used ChatGPT to parse news headlines for whether they’re good or bad for a stock, and found that ChatGPT’s ability to… […]

Trump tax plans could exempt 93 million Americans from income taxes
Economy

Trump tax plans could exempt 93 million Americans from income taxes

Republican presidential nominee and former U.S. President Donald Trump participates in a campaign town hall meeting in Lancaster, Pennsylvania, U.S. October 20, 2024. Brian Snyder | Reuters Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according […]