US SEC chairman moves to give states power over shareholder resolutions

The U.S. Securities and Exchange Commission is considering rule changes for shareholder proposals. This shift could reduce investor activist influence and grant new powers to states. Regulations on shareholder proposals may become non-uniform across different states. Investors might face higher share ownership requirements to file resolutions. This change could lead to more votes against corporate…

JP Morgan traders back down bullishness on US stocks after Fed chair Warsh’s Jackson Hole speech

JPMorgan Chase traders are now tactically cautious on US stocks for upcoming weeks. This shift follows Federal Reserve Chairman Kevin Warsh’s hawkish comments on interest rates. Traders cite uncertainty over rate outlook and potential AI stock unwinding as key risks. Despite near-term caution, the broader market backdrop is expected to remain supportive. Economic data and…

Sun Pharma among 9 pharmaceutical firms to lower drug prices for Americans, Trump says

Nine pharmaceutical firms reached deals with the Trump administration for lower drug prices. These agreements expand the total number of companies to twenty-six manufacturers. The deals cover medicines for chronic and rare diseases, benefiting Medicaid programs. Sun Pharma will contribute antibiotics to the US Strategic Active Pharmaceutical Ingredients Reserve. These initiatives aim to reduce reliance…