Roche Announces $50 Billion US Investment, Creates Jobs

 

Roche, a Swiss pharmaceutical company, announced a $50 billion investment in the U.S. over the next five years, creating over 12,000 jobs. This investment, spurred by potential new tariffs on imported pharmaceuticals, will fund new R&D sites, expand manufacturing facilities in several states, and build a new large-scale manufacturing center...

Microsoft Cracks Down on Low Performers

 

Microsoft has implemented stricter performance management policies, including new tools and a two-year ban on rehiring underperformers. This follows the recent layoff of 2,000 employees deemed underperforming. The new policy, detailed in an internal email, aims to boost performance and transparency regarding rewards and performance improvement plans. ...

Modi, Vance Hail Progress in US-India Trade Talks

 

Indian Prime Minister Narendra Modi met with U.S. Vice President JD Vance in New Delhi on April 21, 2025. Both leaders expressed satisfaction with the progress in India-U.S. trade negotiations, aiming for a mutually beneficial agreement. Discussions also covered broader areas of bilateral cooperation, including energy, defense, and...

Walgreens Settles Opioid Lawsuit for $350 Million

 

Walgreens will pay up to $350 million to settle a US Department of Justice lawsuit alleging the pharmacy illegally filled millions of opioid and other controlled substance prescriptions between 2012 and 2023. The settlement includes at least $300 million, with an additional $50 million if the company is sold...

Trump's Fed Attacks Trigger 'Sell America' Market Rout

 

Following President Trump's renewed attacks on Fed Chair Jerome Powell, investors engaged in a "sell America" trade, causing US stocks and bonds to plummet and the dollar to hit a three-year low. The S&P 500, Dow Jones, and Nasdaq all experienced significant declines, while Treasury yields rose. This...

Tesla Stock Slides Ahead of Crucial Earnings Report

 

Tesla stock fell 6% to $227.50 on Monday, awaiting crucial quarterly results. Concerns include weaker-than-expected deliveries and potential impacts from US tariffs on the auto industry. Technically, the stock is in a bearish descending triangle pattern, with key support levels at $170 and $139, and resistance at $289...

Google Faces Antitrust Penalties in Landmark Case

 

A US court is hearing arguments on penalties against Google following a ruling that it illegally maintained a search engine monopoly. The Justice Department (DOJ) wants Google to divest from its Chrome browser and end exclusive deals with phone makers, arguing these practices stifle competition. Google counters that the...

Tesla Q1 Earnings: Investor Concerns Mount Amidst Delays and Brand Damage

 

Tesla's Q1 earnings, released tomorrow, are highly anticipated amid declining stock performance and unmet expectations. Analysts predict EPS of $0.41 and revenue of $21.345 billion, but these figures have been revised downward due to lower-than-expected deliveries and brand image issues. Investor concerns focus on delayed product launches (affordable...

FTC Sues Uber Over Deceptive Subscription Claims

 

The US Federal Trade Commission (FTC) sued Uber, alleging its Uber One subscription service made false claims about savings and cancellation ease. The FTC claims Uber's marketing was deceptive and cancellation processes overly complicated. Uber denies these claims, stating its processes are clear and legal. This lawsuit follows a...

FTC Sues Uber Over Deceptive Subscription Practices

 

The Federal Trade Commission (FTC) is suing Uber for allegedly deceiving consumers with its Uber One subscription service. The FTC claims Uber enrolled users without consent, failed to deliver promised savings, and made cancellation excessively difficult, violating the FTC Act and ROSCA. The lawsuit alleges deceptive billing practices,...