Financial News

Tuesday, August 28th
August 27, 2018
AP-NC Newswatch
August 27, 2018
Financial News

 

 

 

Stocks climb…France seeks trade discussion…Study finds Belviq seems safe for heart…Meat recalled

 

NEW YORK (AP) – Stocks are climbing in early trading on Wall Street. Gains for technology companies, banks and industrial firms have U.S. stock indexes on track for more record highs. Investors are hoping trade tensions may be ebbing after media reports and President Donald Trump said the U.S. and Mexico are close to a trade deal. Tesla fell after CEO and top shareholder Elon Musk said over the weekend that the electric car maker will remain a publicly traded company.

 

PARIS (AP) – French President Emmanuel Macron (eh-mahn-yoo-EHL’ mah-KROHN’) has called for trade discussions to be held between the U.S., Europe, China and Japan in November in Paris. In a speech to French ambassadors Monday, Macron said world trade rules aren’t currently working but “unilateralism and trade war is the worst response.” He proposed a meeting the margins of World War One commemorations on Nov. 11 in Paris. Dozens of world leaders are expected to attend the event, including President Donald Trump.

 

UNDATED (AP) – For the first time, a study has found that a drug can help people lose weight and keep it off for several years without raising their risk for heart problems. Doctors say the results may encourage wider use of the drug, Belviq, (BEL’-vihk), to help fight obesity. The study of 12,000 people found that after three years, heart problems were no more common among Belviq users than among those taking dummy pills. Belviq has been sold in the United States since 2013.

 

DENVER (AP) – U.S. agricultural officials say Cargill Meat Solutions is recalling nearly 25,300 pounds of ground beef that might be contaminated with E. coli. The recall notice by the U.S. Department of Agriculture says the meat was shipped to warehouses in California and Colorado. It’s labeled “Excel 93/7 Fine Ground Beef” and was produced Aug. 16 with a Sept. 5 expiration date. The notice says a records review found the beef might be associated with a product that is presumed positive for the E. coli bacteria. There have been no reports of illness due to eating the meat.

 

BOSTON (AP) – A piece of computer history that helped launch a trillion-dollar company is hitting the auction block. A fully functioning Apple-1 being auctioned by Boston-based RR Auction in September is one of only 60 or so remaining of the original 200 that were designed and built by Steve Jobs and Steve Wozniak in 1976 and 1977. It was restored to its original, operational state by Apple expert Corey Cohen. It even includes the original keyboard from the 1970s. The Apple 1 originally sold for about $666. It could get $300,000 or more at auction.

 

 

AP-WF-08-27-18 1431GMT