Yahoo Finance

Paramount stock fell over 7% on Tuesday after the company announced the official end of its "go-shop" period, as billionaire Edgar Bronfman Jr. dropped out of the race to purchase Paramount late Monday. https://yhoo.it/4fVmaih

The better-than-expected reading in consumer confidence reflected improved perceptions of business conditions over the next six months, and the survey suggested the odds of a recession had continued to decline. https://yhoo.it/3XjfPpu

Pfizer said it will enter the direct-to-consumer business, following the lead of a Big Pharma rival, Eli Lilly and Company, which launched a similar plan in January. The new website and patient platform, called PfizerForAll, aims to help patients more quickly access migraine treatments as well as vaccines and treatments for respiratory viruses like COVID-19 and the flu. While these are all products of Pfizer, the company contends that patients will not be forced to choose a Pfizer drug. That decision, they say, will remain in the hands of clinicians. Pfizer chief US commercial officer Aamir Malik told Yahoo Finance the company is hoping to make access to medicines easier. "Navigating our healthcare system is time-consuming. It's complicated. It's overwhelming. And the last thing that anybody needs when they're trying to get the care that they need for themselves or a loved one is to have to navigate that complex, painful, difficult system," Malik said. Malik and others point out that patients often have to search for doctors who can write the prescriptions they need quickly — or even find a doctor who will see them in a timely manner, Malik added. More: https://lnkd.in/eJNTF_zr #yahoofinance #finance #healthcare #business #health

US home prices started the summer at a record high while the pace of price increases moderated in June. The S&P CoreLogic Case-Shiller National Home Price Index increased 0.2% over the prior month in June on a seasonally adjusted basis, less than the 0.3% rise seen in May but marking a fifth straight monthly increase and an all-time high for the index. On an annual basis, prices nationally rose 5.4%, less than the 5.9% jump seen in May. The index tracking home prices in the 20 largest US cities gained 0.4% in June from May, exceeding the Bloomberg consensus estimate of 0.3% while matching May's monthly jump. The 20-city index rose 6.5% compared to last June. “The S&P CoreLogic Case-Shiller Indices continue to show above-trend real price performance when accounting for inflation,” Brian Luke, CFA, head of commodities and real and digital assets at S&P Dow Jones Indices, wrote in a statement. More: https://lnkd.in/eQGnJhE8 #yahoofinance #finance #realestate #homes #realty #money #markets

An Illinois resident alleged that JPMorgan has used its cash sweep program to shortchange customers, while pretending to act as their fiduciary and reaping "outsized benefits" for itself. https://yhoo.it/4dCBwXj

What was it like to have 'a front row seat' to the FTX collapse? 👀 Former Yahoo Finance anchor and current host and founder of Coinage Zack Guzman did — and he recently shared the details with Jared Blikre and Sydnee Fried. More: https://lnkd.in/etX_ZmRa #yahoofinance #finance #investing #markets #crypto #FTX #money

Research shows the S&P 500 was at least 11% higher a year after the first Fed interest rate cut dating back to 1989, as long as the economy remained on solid footing. However, when the US economy entered recession in the following 12 months, the S&P 500 fell by at least 14% over the next year. https://yhoo.it/3AFShlO

The conference marks the first big step by Microsoft to address the issues that affected nearly 8.5 million Windows devices on July 19, disrupting operations across industries ranging from major airlines to banks and healthcare. https://yhoo.it/3YYQv9m

Facebook owner Meta Platforms struck a deal to buy up to 150 MW of geothermal power from Sage Geosystems to supply its data centers, as it races to build out the infrastructure to support its massive energy-hungry artificial intelligence investments. https://yhoo.it/3Z0bgl3

Ottawa will also impose a 25% tariff on imported steel and aluminum from China, Prime Minister Justin Trudeau said. The tariffs come a little over a month after Ottawa opened a 30-day public consultation on Chinese EVs and related products, bringing it in line with the United States and the European Union. https://yhoo.it/3Xj0PYz