Order Reprints Illustration by Elias Stein
Investors trembled in January 2018 when three corporate giants, Berkshire Hathaway, Amazon.com, and JPMorgan Chase, announced a joint venture aimed at cutting worker health-care costs. No one knew how they planned to do that, but the news sent the S&P 500 Managed Health Care index down 4.4% in a day.
Three years later, the trio has now closed the JV, known as Haven Healthcare. In a statement, Haven said it had “explored a wide range of health-care solutions, as well as piloted new ways to make primary care easier to access,...
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Investors trembled in January 2018 when three corporate giants, Berkshire Hathaway, Amazon.
Updated Jan. 8, 2021 4:14 am ET
Shares in China’s three major telecommunications companies dropped in Hong Kong on Friday, after index compilers said they would remove the stocks from their benchmarks due to a U.S. government investment ban.
The removals come after a period of uncertainty about whether the shares would be covered by the ban and flip flops by the New York Stock Exchange about whether to delist American depositary receipts issued by the three companies, China Mobile Ltd. , China Telecom Corp. and China Unicom (Hong Kong) Ltd.
Guidance from the Treasury Department this week made it clear that the publicly traded units would be covered, as well as their closely held parent companies, which the U.S. government has already named as helping the Chinese military.
The stock exchange’s reversal was the latest sign of confusion for investors and companies as they navigate a series of broad China-related executive orders.
Stocks Rise to Records as Tech Shares Recover
Investors look beyond U.S. political discord as Nasdaq advances after Wednesday decline A congressional exercise in the peaceful transfer of power devolved into deadly chaos when a pro-Trump mob stormed the Capitol. Hours after the riots, Congress reconvened and certified President-elect Joe Biden’s victory. Photo: Lev Radin/Pacific Press via ZUMA Wire By Updated Jan. 7, 2021 4:40 pm ET
Political unrest in Washington didn’t dent the stock market’s ongoing rally Thursday, with shares of U.S. companies big and small closing at fresh records.
Investors largely looked past Wednesday afternoon’s violent clash between pro-Trump protesters and law enforcement in the Capitol building, instead focusing on what the shift of political power from Republicans to Democrats means for the market.
Updated Jan. 5, 2021 7:16 pm ET
The New York Stock Exchange is in the hot seat after a baffling flip-flop in which it first said it would delist three Chinese companies to comply with an executive order from President Trump, only to reverse itself four days later.
The NYSE’s U-turn drew criticism from the administration of President Trump, who signed the order in November ordering a ban on the trading of securities of companies U.S. officials say have links to the Chinese military.
The order was one of the last salvos by Mr. Trump to get tough on Beijing and put the NYSE in a difficult situation since the exchange has long welcomed initial public offerings of companies from China.