By Jonathan Stempel (Reuters) – Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it fraudulently billed the U.S. government for prescriptions that were never dispensed, the Department of Justice said on Friday. The Justice Department said Walgreens violated the federal False Claims Act between 2009 and 2020 by submitting payment claims to […]
Oracle shares pare gains as analysts weigh over $100 billion fiscal 2029 revenue forecast
By Jaspreet Singh (Reuters) -Oracle shares pared most of their gains on Friday after spiking nearly 8%, with some analysts expressing reservations about the company’s forecast of crossing $100 billion in revenue in fiscal 2029, driven by AI-led demand for cloud services. The company, which counts AT&T, Lyft and Cognizant among clients, forecast fiscal 2029 […]
TikTok faces crucial court hearing that could decide fate in US
By David Shepardson WASHINGTON (Reuters) – TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19. The U.S. Court of Appeals for the District of Columbia will hold oral […]
Nvidia’s stock market dominance fuels big swings in the S&P 500
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Nvidia’s huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant’s fortunes turn. This year’s 140% surge in shares of Nvidia, whose chips are seen as the gold standard in […]