Merck, J&J CEOs agree to testify in Senate hearing on drug prices

US Senator Bernie Sanders, Independent of Vermont, speaks during a rally by the People's Action, protesting pharmaceutical companies' lobbying against allowing Medicare to negotiate lower prescription drug prices, outside Pharmaceutical Research and Manufacturers of America (PhRMA) headquarters in Washington, DC, September 21, 2021.Saul Loeb | AFP | Getty ImagesThe...

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PCE inflation December 2023:

People walk by sale signs in the Financial District on the first day back for the New York Stock Exchange (NYSE) since the Christmas holiday on December 26, 2023 in New York City.Spencer Platt | Getty ImagesAn important inflation gauge released Friday showed that the rate of price increases...

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Stocks making the biggest moves premarket: INTC, TMUS, AXP

Check out the companies making headlines before the bell. Intel — The chipmaker slumped more than 10% after issuing lower-than-expect first-quarter guidance . The company now expects revenue in the range of $12.2 billion to $13.2 billion, while analysts polled by LSEG forecast $14.16 billion. American Express — Shares...

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LVMH shares jump 12% as earnings point to luxury sector resilience

Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024. Benoit Tessier | ReutersLVMH shares jumped more than 12% on Friday morning, after the world's largest luxury group posted higher-than-expected...

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