The generic drug market ‘is at risk now’ from deflation, trade group says

An imbalance in supply and demand is the root cause of recent pain for companies like Mylan and Teva Pharmaceuticals, said Chip Davis, CEO of the Association for Accessible Medicines, the trade group for generic and biosimilar medicines. “[Analysts are] pointing...

Nordstrom’s stock pops as retailer delivers same-store sales growth

Nordstrom reported second-quarter earnings and sales on Thursday that topped analysts’ expectations, sending shares of the stock higher after hours. Same-stores sales — a metric monitored closely by Wall Street — for the department store were also...