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Predecessor Rich Templeton to return to job permanently

Texas Instruments CEO Ousted for Code of Conduct Breach

bloomberg.com • Business

Texas Instruments Inc. said Chief Executive Officer Brian Crutcher resigned after less than two months in the job, citing violations of the chipmaker’s code of conduct. His predecessor, Rich Templeton, will resume the role on a permanent basis.

The rollback came a day after Trump took aim at Pfizer

Pfizer delays drug price hikes after talking with Trump

reuters.com • Business

Pfizer Inc (PFE.N) said on Tuesday it was deferring drug price increases for no more than six months after the company’s chief executive officer had an extensive conversation with U.S. President Donald Trump.

The question is when it will start to hurt profits — and by how much.

Tariffs cast a shadow as earnings season begins

money.cnn.com • Business

Several major companies are set to report earnings next week, starting with PepsiCo (PEP) on Tuesday. Delta (DAL) is scheduled for Thursday, and Citigroup (C), JPMorgan Chase (JPM), PNC (PNC) and Wells Fargo (WFC) are all planning to report on Friday.

the competition is moving in

MoviePass' Worst Month Ever (At Least For Now)

forbes.com • Business

In late June, AMC Theatres announced Stubs A-List, a subscription-based moviegoing service allowing its members to see up to three movies a week for one monthly rate of $19.95.

“It will create more market uncertainty and increase premiums," AHIP said in a statement

Insurers warn of rising premiums after Trump axes Obamacare payments again

reuters.com • Business

Health insurers warned that a move by the Trump administration on Saturday to temporarily suspend a program that was set to pay out $10.4 billion to insurers for covering high-risk individuals last year could drive up premium costs and create marketplace uncertainty.

“There’s a lot of uncertainty, but the markets have reacted fairly calmly and rationally.”

Wall Street rises on U.S.-EU trade relations optimism

reuters.com • Business

Wall Street’s major indexes rose on Thursday as reports that the United States and the European Union may agree to withdraw auto tariffs fostered optimism on international trade relations among investors.

The labor market is seen as strong, with employment gains averaging 207,000 per month so far this year.

Private sector adds 177,000 jobs in June, ADP says

marketwatch.com • Business

Private-sector employment remained solid in June, as employers added 177,000 jobs, Automatic Data Processing Inc. reported Thursday. That gain was close to the forecast from economists polled by Econoday, who had expected on average an increase of 190,000. May’s gain was upwardly revised to show 189,000 growth instead of a previously estimated 178,000.

Boeing's 80 percent ownership stake in the joint venture will be valued at $3.8 billion.

Boeing to buy control of Embraer's $4.75 billion commercial jet unit

cnbc.com • Business

Boeing will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly.

The shift online contributed to the worst quarter in nine years.

Mall vacancies hit six-year high

money.cnn.com • Business

The vacancy rate at metro and regional malls around the United States hit 8.6% last quarter, the highest since the end of 2012, according to data released Monday by real estate research firm Reis (REIS).

Stock has lost more than 9% in two sessions after second-quarter deliveries fell short.

Tesla stock slammed as analysts question whether production goal is sustainable

marketwatch.com • Business

Adding to the downdraft was a Business Insider report that said internal documents showed Tesla Chief Executive Elon Musk ordered his employees to stop putting nearly finished Model 3s through a critical safety test before leaving the factory floor. A Tesla spokesperson told the website that every car goes through “rigorous quality checks.”

The ride-share company will take on Motivate’s existing contracts, like New York’s Citi Bike.

Lyft buys the biggest bike-sharing company in the US

theverge.com • Business

Lyft has acquired Motivate, the bike-sharing company that operates Citi Bike in New York City and Ford’s GoBike program in San Francisco. Terms of the deal were not disclosed, though it was reported in June to be around $250 million.

Drugstore chain becomes the latest company to return additional capital to investors following new U.S. tax law

Walgreens to Buy Back $10 Billion in Shares, Raises Dividend

wsj.com • Business

Walgreens Boots Alliance Inc. plans to repurchase as much as $10 billion of its shares and raised its dividend, as the drugstore chain and newest Dow component becomes the latest company to return additional capital to investors following the new U.S.

The Permian Basin, arguably the most important oilfield in the world, is growing so fast that it hurts

Growing pains across America's biggest oilfield

money.cnn.com • Business

The gangbusters growth has created serious challenges. The Permian Basin is rapidly running out of pipeline to carry all that crude. Companies are struggling to find talented workers. And the region's infrastructure is buckling under the pressure.

The transaction represents a threat to drug-industry supply chain

Amazon Makes Big Foray Into Health Care With PillPack Pact

bloomberg.com • Business

Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health-care business with a deal that will give the retail giant an immediate nationwide drug network.





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