10:17 AM EDT, 04/16/2024 (MT Newswires) -- (Updates with the Missile Defense Agency's response in the third paragraph.) Lockheed Martin ( LMT ) has been awarded a $17 billion contract from the US Missile Defense Agency to develop next-generation interceptors to defend against intercontinental ballistic missile attacks, Reuters reported Monday, citing two industry sources briefed on the matter. The first...

WASHINGTON, April 16 (Reuters) - Pharmacy benefit managers (PBMs) are in the crosshairs of Republicans and Democrats in Congress but have so far dodged any new litigation or reforms that had been targeted for inclusion in last month's U.S. government budget deal. Many lawmakers, drugmakers and government officials have pointed a finger at these industry middle men, suggesting they play...

Morgan Stanley ( MS ) shares are trading higher after the company reported better-than-expected first-quarter FY24 financial results. The company reported revenues of $15.1 billion, beating the consensus of $14.34 billion. The Wealth Management division generated $6.9 billion in revenue, vs. $6.6 billion a year ago. Related: Regulators Probe Morgan Stanley’s Wealth-Management Division: Report Investment Banking produced $1.45 billion in revenue, up 16%...

April 16 (Reuters) - Alaska Air ( ALK ) has been hit with a U.S. consumer lawsuit alleging that the carrier's proposed $1.9 billion acquisition of rival Hawaiian Airlines will lead to higher prices, job layoffs and fewer flights. The lawsuit was filed on Monday in federal court in Hawaii by eight airline passengers from Hawaii, California and other states....