08:50 AM EDT, 07/09/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Tuesday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) advanced by 0.2% recently. Helen of Troy (HELE) fell past 27% after it reported lower fiscal Q1 adjusted earnings and revenue. The company also cut...

08:51 AM EDT, 07/09/2024 (MT Newswires) -- UL Solutions ( ULS ) said Tuesday it has acquired TesTneT Engineering GmbH, a hydrogen testing company in Germany. Financial terms of the acquisition weren't disclosed. The acquisition will expand the company's presence in the hydrogen industry, UL Solutions ( ULS ) said. ...

WASHINGTON (Reuters) - The consolidation of pharmacies and health insurance companies through years of deal making has led to a handful of pharmacy benefit managers exercising outsized influence over prescription drug prices, the U.S. Federal Trade Commission said on Tuesday. Pharmacy benefit managers, or PBMs, act as middlemen between drug companies and consumers. They negotiate volume discounts and fees with...

MADRID, July 9 (Reuters) - Zara owner Inditex has bought a stake in the U.S.-based sustainable agriculture startup Galy as part of its strategy to invest in the sustainable economy, its CEO, Oscar Garcia Maceiras, said on Tuesday. Today, we are disclosing that we have entered the capital of Galy, a startup founded in 2019 in the U.S., which is...