Stocks lower … Apple launches … FDA reviewing breast implant safety
NEW YORK (AP) – U.S. stocks turned modestly lower in afternoon trading after spending much of the morning wavering between gains and losses. Traders are weighing economic data pointing at slowing global growth. Bond yields are down, adding to a sharp decline last week.
CUPERTINO, Calif. (AP) – Apple has announced a series of product launches, highlighted by its long-awaited video streaming service. Called Apple TV Plus, it will include original programming CEO Tim Cook says will show “great storytelling.” Among other new services is subscription gaming. Apple Arcade subscribers will get to play more than 100 games, curated by Apple. Notably, Apple says all games in this service will allow unlimited play and will have no in-app purchases, which are common on mobile games.
SILVER SPRING, Md. (AP) – The U.S. Food and Drug Administration is reviewing the safety of breast implants again. A panel is hearing from experts at a two-day meeting that began today. FDA and health authorities worldwide are weighing steps to address a recently confirmed link between the implants and a rare type of cancer. Many women have renewed concerns that the implants may cause other chronic ailments.
NEW ORLEANS (AP) – A $775 million settlement has been announced in roughly 25,000 lawsuits involving the blood-thinning medication Xarelto. Cases consolidated in federal court in New Orleans date back to 2014. They involve claims that users of the medication were not adequately warned of the risks of life-threatening complications.
PARIS (AP) – China has signed a deal to buy 300 aircraft from European plane maker Airbus. The news came during Chinese leader’s Xi Jinping state visit to France. Financial details were not made public, but the A320 deal is estimated to be worth around $18 billion at list prices, though buyers often secure discounts.