Trump not expected to carry through on Day 1 tariff threats
President Donald Trump isn’t expected to carry through on his threat to impose sweeping tariffs on the first day of his presidency, a move that economists have warned could lead…
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DOJ sues Walgreens, alleging it ‘knowingly’ filled millions of invalid prescriptions
The Department of Justice said Friday that it sued pharmacy giant Walgreens over allegedly dispensing millions of unlawful prescriptions. The DOJ said that Walgreens from August 2012 until the present “knowingly” filled those prescriptions, which “lacked…
Capital One outage drags into Friday afternoon, leaving some customers without deposit access
An outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from accessing deposits, payments and transfers. In an afternoon statement, the bank said it…
Vanguard fined more than $100 million by SEC over violations involving target date retirement funds
Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced Friday. The alleged violations…
Pepsi sued by federal regulators for giving Walmart preferential soft-drink pricing
The Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more favorable prices than its competition. Walmart is the unnamed…
UnitedHealth CEO says U.S. health system ‘needs to function better’
The CEO of UnitedHealth Group said Thursday that shortcomings of America’s health care system must be addressed. On the company’s first earnings call since the fatal shooting of UnitedHealth executive…
FDA officially authorizes Zyn nicotine pouches for sale following health review
The U.S. Food and Drug Administration formally authorized Zyn nicotine pouches for sale after conducting an ‘extensive scientific review’ about their safety. In a release Thursday, the agency said it…
Investors pitch new international basketball league that would offer players equity
A group of high powered investors want to raise billions to form a new international basketball league, according to people familiar with the matter. The new organization would offer players…
American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim
American Express will pay a total of about $230 million to resolve federal wire fraud investigations, and to settle civil allegations of deceptive marketing, the company said Thursday. The tally includes…
Target says its holiday sales were better than expected — but its profits weren’t
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer now…