Five U.S. states sue Purdue Pharma over opioids By Reuters

© Reuters. A pharmacist holds a bottle OxyContin made by Purdue Pharma at a pharmacy in Provo, Utah (Reuters) – Five U.S. states have filed lawsuits accusing Purdue Pharma LP and its former president Richard Sackler of misconduct in the marketing and sale of opioids, contributing to a nationwide epidemic, Wisconsin Attorney General Josh Kaul said on Thursday. Iowa, Kansas, Maryland, West Virginia and Wisconsin filed separate lawsuits against the company related to opioids, Kaul said. Disclaimer: Fusion Media would like to remind you that the data contained in this…

Trump expected to delay auto tariffs decision by up to six months: officials By Reuters

© Reuters. U.S. President Trump speaks to workers as he visits Cameron LNG Export Facility in Hackberry, Louisiana WASHINGTON (Reuters) – U.S. President Donald Trump is expected to delay a decision on tariffs on imported cars and parts by up to six months, three administration officials told Reuters. A formal announcement is expected by Saturday, the officials added. The administration has drafted language to formally delay a decision on the tariffs that is due by May 18. Reuters reported last week that automakers expected Trump to delay the decision as…

Trending IPOs: What Is an IPO?

You’ve probably heard the term ‘IPO’ thrown around a lot lately. The 2019 financial news cycle is dominated by IPO announcements from major startups like Uber and Lyft. But what is an IPO? And what does it mean for a trader like you? If you don’t know what an IPO is or why it’s such a significant event, now’s the perfect time to get on top of it. We’re seeing some crazy IPO action this year! So don’t delay — educate yourself. Let’s take a look at what IPOs are…

Ralph Lauren’s North America woes cloud profit beat, shares fall 8% By Reuters

© Reuters. FILE PHOTO: The Polo Ralph Lauren logo is seen on their boutique on Rodeo Drive in Beverly Hills (Reuters) – Luxury apparel maker Ralph Lauren Corp (NYSE:) beat Wall Street estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets, but weak sales in its biggest market, North America, disappointed investors. Same-store sales in North America recorded its sixth quarter of decline in the last two years, falling 4% in the fourth quarter ended March 30. Under Chief Executive Officer Patrice Louvet, the company has…

Asian shares extend losses as U.S.-China trade war escalates By Reuters

© Reuters. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo By Andrew Galbraith SHANGHAI (Reuters) – Asian shares deepened losses on Tuesday amid a fresh deterioration in the Sino-U.S. tariff war, although comments from U.S. President Donald Trump that he expected trade negotiations to be successful helped stabilize sentiment. China on Monday announced it would impose higher tariffs on $60 billion of U.S. goods following Washington’s decision last week to hike its own…