Daily Archives: July 12, 2019

Dow tops 27,000 for first time on health care stock gains, rate cut hopes

Surging health care stocks lifted the Dow Jones Industrial Average on Thursday above 27,000 for the first time as the White House backtracked on a proposed rule to eliminate rebates that flow from drugmakers to middleman pharmacy benefit managers. The S&P 500 also closed at a record high. Continue Reading Below The proposed rule, which was projected to raise federal spending by $177 […]

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Labor Secretary Alex Acosta defends Jeffrey Epstein 2008 plea deal

U.S. Labor Secretary Alex Acosta defended his role in a 2008 case that resulted in a plea deal for millionaire financier Jeffrey Epstein, who faces federal sex-trafficking charges for allegedly abusing dozens of underage girls. Continue Reading Below Acosta has faced calls to resign in recent days after new federal charges were brought against Epstein. […]

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How Rimowa Boosts Tmall E-Commerce Sales with New China Brand Ambassador

The LVMH-owned German luxury suitcase brand Rimowa is experiencing a sales surge on its official flagship store on Alibaba’s B2C marketplace Tmall in China thanks to the new brand ambassador Jackson Yee, who is arguably one of the most popular Gen-Z pop stars among the country’s Millennial and Gen-Z generations. Jackson Yee’s post to announce […]

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