Sage stock rises after FDA approves first postpartum depression drug Zulresso

Sage stock rises after FDA approves first postpartum depression drug Zulresso

Shares of Sage Therapeutics jumped more than 5 percent after hours Tuesday based on news that the FDA approved the first postpartum depression drug called Zulresso. Zulresso is an IV injection used to treat the sometimes life-threatening condition of postpartum depression, which is a major depressive episode that occurs following or leading up to childbirth.…
Lyft gets its first Wall Street buy recommendation and it’s not even public yet

Lyft gets its first Wall Street buy recommendation and it’s not even public yet

One Wall Street firm is recommending its clients buy Lyft weeks before that's even possible. The second-most popular ride-hailing app is gearing up to list on the Nasdaq at the end of March. According to its regulatory filing, Lyft expects to be valued at $20 billion. Montana- based firm D.A. Davidson isn't waiting until shares,…
House Homeland Security chair calls on Facebook, YouTube, Twitter and Microsoft to explain the spread of mosque shooting video

House Homeland Security chair calls on Facebook, YouTube, Twitter and Microsoft to explain the...

The House Homeland Security Committee chairman called on tech leaders Tuesday to explain how a violent video of Friday's New Zealand mosque shooting spread on their platforms. Rep. Bennie Thompson, a Democrat from Mississippi, wrote to the CEOs of Facebook, Twitter, Microsoft and Google's YouTube to request a briefing in front of the committee on…
Stocks rapidly give back gains on report China walking back trade concessions

Stocks rapidly give back gains on report China walking back trade concessions

"I feel like the market is pricing in a best-case scenario on both of these things," Frederick said. "This is a good time to be a little bit cautious rather than jumping on board with this rally as it is." "We've had a tremendous run in the S&P 500 since Dec. 26," Frederick added. "We're…
There’s a business growing within Amazon that could one day be worth more than retail or cloud

There’s a business growing within Amazon that could one day be worth more than...

Amazon's hunt for another business to drive growth even higher may have its answer in Amazon Business, a note from Bank of America on Tuesday said. Amazon Business represents Jeff Bezos' company expanding into the market of business-to-business (B2B) e-commerce. The Amazon unit was re-branded from "Amazon Supply" seven years ago. Amazon Business "combines positive…
US economic growth is set to slow sharply this year and next, according to CNBC’s Fed survey

US economic growth is set to slow sharply this year and next, according to...

U.S. economic growth is likely to slow sharply this year and next, according to respondents to the CNBC Fed Survey for March, and weaker global growth and tariffs are seen as the major culprits. The average forecast for gross domestic product growth this year is just 2.3 percent, down from 2.44 percent expected in the…
Starbucks revamps its loyalty program to provide members with more reward options

Starbucks revamps its loyalty program to provide members with more reward options

Ahead of its annual shareholders meeting Wednesday, Starbucks announced plans to switch up its North American loyalty program in a bid to keep growing its membership as it continues rolling out delivery. The U.S. and Canadian coffee markets have grown more competitive as rivals like Dunkin' Brands and McDonald's have been investing in their own…
White House trumpets Trump’s economic policies, warns against ‘Medicare for All’ and wealth tax

White House trumpets Trump’s economic policies, warns against ‘Medicare for All’ and wealth tax

The White House laid out its case against progressive programs like "Medicare for All" and a wealth tax, while touting the projected benefits of its own economic agenda in a new report published Tuesday. The White House Council of Economic Advisors made its case in the Economic Report of the President, which detailed the executive…
Facebook says video of New Zealand mosque shootings was viewed 4,000 times before being removed

Facebook says video of New Zealand mosque shootings was viewed 4,000 times before being...

Facebook said a live streamed video apparently showing last week's attack on two mosques in New Zealand was viewed 4,000 times before it was removed. The suspected gunman, an Australian named Brenton Harrison Tarrant, allegedly killed 50 people after opening fire on Muslim worshipers at the two mosques, livestreaming the whole ordeal on Facebook. Tarrant…
Netflix says it will not join Apple TV service

Netflix says it will not join Apple TV service

Asked about the looming competition, Hastings said the biggest challenge for Netflix is to "not get too distracted" by rivals but still "learn lessons" from them. "These are amazing, large, well-funded companies with very significant efforts," Hastings said. "They are going to do some great shows. I'm going to be envious. They're going to come…

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India-Pakistan cricket row over army caps and politics in sport

India-Pakistan cricket row over army caps and politics in sport

The controversy around the Indian cricket team wearing military caps on the field to pay homage to its troops has reignited a decades-old debate over the mixing of politics with sports. India's national side came under scrutiny for "militarising" the game after its players wore army camouflage caps during a match against Australia in the…
Lawsuit accusing Trump of violating Constitution gets hostile reception

Lawsuit accusing Trump of violating Constitution gets hostile reception

At the outset of Donald Trump’s presidency, many ethics experts urged him to divest himself of his far-flung business empire, but he refused. | Nicholas Kamm/AFP/Getty Images Legal By JOSH GERSTEIN 03/19/2019 08:30 AM EDT Updated 03/19/2019 07:46 PM EDT Tue Mar 19 19:46:50 EDT 2019 RICHMOND — A federal appeals court panel was indisputably…
Bam! Pow! White House report gets lightened up with superhero, ‘Star Wars,’ Monty Python names

Bam! Pow! White House report gets lightened up with superhero, ‘Star Wars,’ Monty Python...

This big new White House report isn't a comic book — but some of the names in it belong in one. A list of "student interns" who worked on President Donald Trump's new "Economic Report of the President" includes the names of Batman, Spider-Man and Captain America's alter egos, "Monty Python" cast member John Cleese,…