News for nerds
U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP’s alleged role in America’s opioid epidemic, accusing the drugmaker in new filings of pushing prescription painkillers on doctors and patients while playing down Read more
U.S. home builder confidence rose for a third straight month in August to match its highest level ever as record-low interest rates spur buyer traffic, data released on Monday showed in the latest indication the housing market is a rare Read more
Amazon.com Inc’s (AMZN.O) cloud computing unit will help Japan’s Toyota Motor Corp (7203.T) build a platform to help manage and monetize data gathered from the automaker’s global vehicle fleet, the companies said on Monday. Toyota said its Mobility Services Platform Read more
Shares in Chinese online retail giant Alibaba (BABA.N) ground out gains on Monday as profits for smaller peer JD.com buoyed expectations for its own results later this week, countering hint of more U.S. moves against it and other Chinese companies. Read more
Wall Street giant JPMorgan (JPM.N) has hired Britain’s former finance minister Sajid Javid as a senior adviser, the bank said on Monday, a move that sees the politician resume his career in investment banking. Javid quit his role in government Read more
U.S. President Donald Trump has looked at banning additional Chinese-owned companies following his decision to ban the short-video app TikTok, White House Chief of Staff Mark Meadows said on Monday. Speaking to reporters aboard Air Force One, Meadows said the Read more
The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthen extensions to remote wells, a U.S. official said on Monday. Oil companies operate 68 offshore Read more