Business News

• France's Sanofi to buy Synthorx for $2.5 billion December 9, 2019
  France's Sanofi said on Monday it had agreed to buy Synthorx in a cash deal worth around $2.5 billion as it seeks to beef up its immuno-oncology pipeline.
• Asian shares buoyed by Wall Street rally, but China worry caps gains December 9, 2019
  Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data although regional gains were capped by concerns about China's economic slowdown due to the prolonged Sino-U.S. trade war.
• House Democrats, USTR nearing deal to pass modified USMCA agreement: WSJ December 9, 2019
  House Democrats and U.S. Trade Representative Robert Lighthizer are nearing a deal to pass a revised version of the United States-Mexico-Canada Agreement, the Wall Street Journal reported late on Sunday, citing people familiar with the matter.
• Jobs of the future are clustering in a handful of U.S. cities, study finds December 9, 2019
  A new analysis of where "innovation" jobs are being created in the United States paints a stark portrait of a divided economy where the industries seen as key to future growth cluster in a narrowing set of places.
• Oil prices slip as weak China exports highlights trade war impact December 9, 2019
  Oil prices fell on Monday after data showing China's overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being down to global demand by the Sino-U.S. trade war.
• Skechers' 'cool' value gives it room to run like Nike: Barron's December 9, 2019
  Shoemaker Skechers USA Inc is expected to post earnings growth on pace with Nike Inc over the next three years, giving its relatively low valuation a chance of catching up, financial newspaper Barron's reported in its Dec. 7 edition.
• Mexico accepts U.S. steel demand in USMCA trade deal, but with conditions December 9, 2019
  Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact's ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday.
• Global financial watchdogs take aim at Big Tech's data dominance December 8, 2019
  Google, Alibaba and other "Big Tech" companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition.
• Capital One is a banking-peer bargain, even with recent gains: Barron's December 8, 2019
  Shares of Capital One Financial Corp could climb significantly if investors look beyond its well-known credit card arm to see the bank within it, according to Barron's Dec. 7 edition.
• As Fed reiterates rate pause, forecasts likely to be blown off course December 8, 2019
  Friday's booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next year and beyond.