Oil rises, hovers below $50/bbl on hopes for U.S. stimulus — Financial Post

NEW YORK — Brent crude oil futures rose more than 1% on Friday, remaining just under $50 a barrel, as expectations of a U.S. economic stimulus package and the possibility of a vaccine for the coronavirus overrode rising supply and increased COVID-19 deaths. Read More

Oil rises, hovers below $50/bbl on hopes for U.S. stimulus — Financial Post

Wall St hits highs as slowing job growth spurs stimulus bets — Financial Post

Wall Street’s main indexes rose to all-time highs on Friday as data showing the slowest U.S. jobs growth in six months raised investors’ expectations for a new fiscal relief bill to help revive the coronavirus-hit economy. Read More

Wall St hits highs as slowing job growth spurs stimulus bets — Financial Post

Drug industry trade groups sue Trump admin over drug pricing rule — Financial Post

WASHINGTON — Drug industry trade groups filed two lawsuits against the Trump administration on Friday challenging new U.S. rules to lower drug prices, potentially undermining one of President Donald Trump’s flagship efforts to take on high drug costs. Read More

Drug industry trade groups sue Trump admin over drug pricing rule — Financial Post

Hit by cryptocurrency curbs, Chinese fund managers look elsewhere to ride bitcoin bull

As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in places such as Hong Kong and Singapore, skirting an …

Hit by cryptocurrency curbs, Chinese fund managers look elsewhere to ride bitcoin bull
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