A rush of transactions is transforming the industry, as blockbuster medicines lose patent protection. The latest acquisition cost AbbVie 16 percent of its share price. Source: NYT > Business – Stephen Grocer
Lyft and Uber Were Duds, but the I.P.O. Market Is Having a Great Year
Despite all the hype and excitement, questions have hung over these I.P.O.s: What would the appetite be among investors? Source: NYT > Business – Stephen Grocer and Erin Griffith
Another Sign of Economic Worry: Tumbling Oil Prices
Prices have dropped more than 20 percent since late April as investors worry that growth is slowing and trade disputes could slow growth further. Source: NYT > Business – Clifford Krauss
S.E.C. Adopts New Rules for Brokers That Consumer Advocates Say Are Toothless
The advocates say the rules will let the brokerage industry market itself as always doing the right thing for customers, giving them a false sense of security. Source: NYT > Business – Tara Siegel Bernard
Wall Street Pins Its Hopes on Fed Rate Cuts
Expectations that the Federal Reserve will start dropping interest rates have surged in recent days. Source: NYT > Business – Matt Phillips
Global Markets Fall as Trade Tensions Continue
Shares fell modestly but broadly as investors prepared for another potentially down day on Wall Street. Source: NYT > Business – The New York Times