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Business & Tech

Big pharma stocks rise as Street reacts to latest presidential tariff plan

Shares of some big drugmakers advanced above broader indexes Friday as Wall Street started sorting out President Donald Trump’s latest tariff announcement. The president said late Thursday that he would place 100% import taxes on branded or patented pharmaceuticals starting Oct. 1, but ...

Fed’s favored inflation gauge accelerates slightly in August

WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% ...