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Saturday, October 19, 2019  Spokane, Washington  Est. May 19, 1883
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News >  Business

Motley Fool: Not a bitter pill

Investing in biotech stocks can be quite risky, with the potential for clinical failures, regulatory setbacks and new competitors. But for risk-tolerant long-term investors, Vertex Pharmaceuticals (Nasdaq: VRTX) is worth a look. The company currently dominates the cystic fibrosisk, or CF, market with its three approved drugs – Kalydeco, Orkambi and Symdeko. Those drugs allow Vertex to treat about 39,000 patients.

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Johnson & Johnson recalls baby powder after trace asbestos found in bottle

UPDATED: Fri., Oct. 18, 2019, 1:06 p.m.

Johnson & Johnson is recalling a single lot of its baby powder as a precaution after testing found trace amounts of asbestos in one bottle bought online. The recall announced Friday comes as J&J fights thousands of lawsuits in which plaintiffs claim its iconic baby powder was contaminated with asbestos and that it caused ovarian cancer or another rare cancer. At multiple trials, J&J experts have testified asbestos hasn’t been detected in its baby powder in many tests over 40 years.
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Facebook CEO defends refusal to take down some content

Facebook CEO Mark Zuckerberg on Thursday defended the social media platform’s refusal to take down content it considers newsworthy “even if it goes against our standards.” But while he promoted free expression, limitations were place on coverage of his remarks at Georgetown University.
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‘Totally avoidable’: 3 firms fined in Seattle crane collapse

UPDATED: Thu., Oct. 17, 2019, 5:16 p.m.

The state Washington on Thursday fined three companies for their roles in a crane collapse that killed four people in Seattle in April, with officials calling it “totally avoidable,” and Seattle Police confirmed that they have opened a criminal investigation.
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Sweet excess: How the baby food industry hooks toddlers on sugar

Leading health organizations recently released their first consensus recommendations about what young children should be drinking: only breast milk or, if necessary, infant formula until a baby is six months old, with water introduced around then, and plain cow’s milk at around their first birthday. That’s it.
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Twitter: World leaders’ accounts not entirely above policies

UPDATED: Wed., Oct. 16, 2019, 6:45 p.m.

Amid calls from some Democrats to suspend President Donald Trump’s account, Twitter says world leaders’ accounts aren’t entirely above its policies and that it will enforce those policies on any account that violates rules, such as promoting terrorism.
News >  Business

U.S. retail sales dip 0.3% in September

WASHINGTON – Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department reported Wednesday. It was the first decline since a 0.5% drop in February.