03:32 PM EDT, 08/06/2025 (MT Newswires) -- Consumer stocks advanced late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2%. In corporate news, Snap (SNAP) shares tumbled past 17% after it late Tuesday logged a Q2 loss that unexpectedly widened amid higher operating expenses, while...

Aug 6 (Reuters) - Drugmakers Sanofi, Eli Lilly ( LLY ), Novo Nordisk and AstraZeneca ( AZN ) must face a lawsuit from two health centers accusing them of conspiring to restrict drug discounts offered to community pharmacies that contract with providers serving low-income patients. A three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York ruled...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

August 6 (Reuters) -U.S. President Donald Trump announced new tariffs of up to 41% on goods imported from dozens of countries, again citing emergency powers he says he is using to shrink the country's trade deficits with many of its trade partners. Here are the new adjusted reciprocal tariff rates levied on U.S. importers, which will take effect on August...