North American stock markets marched to record highs Thursday on dissipating virus risks and China saying it would cut tariffs on U.S. imports in half. After two risk-on days, investors have sunk more money into defensive sectors such as telecommunications, consumer staples, real estate investment trusts, gold and utilities in both Canada and the U.S. […]
Valeant Pharmaceuticals shares plunged to their lowest level in years today after its fourth quarter earnings came in below expectations and it warned that the first quarter will be weaker than anticipated. The Quebec-based drug giant saw its stock lose more than one-quarter of its value in the first 15 minutes of trading after the Toronto and […]
The interim CEO of Valeant Pharmaceuticals says a long-term partnership with U.S. drug store chain Walgreens is among initiatives that will help restore faith in the embattled drugmaker. Howard Schiller told a J.P. Morgan health-care conference in San Francisco that the Quebec-based company is committed to delivering strong results and steady growth. “We are going […]