Reuters - Daily Investor Update

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Friday, January 12, 2018

Drugmakers see a pricing blueprint in an $850,000 gene therapy

SAN FRANCISCO (Reuters) - Global drugmakers are looking to a tiny biotech's $850,000 therapy for a rare type of blindness as a model for getting paid for highly expensive – and effective – new medicines.

Facebook changes News Feed, investors click on 'sad'

(Reuters) - Shares of Facebook Inc fell more than 4 percent on Friday and were on track for their worst session in more than three months after Chief Executive Mark Zuckerberg announced changes that he said would hit user engagement in the near term.

Wall St. hits new highs on bank earnings, economic optimism

NEW YORK (Reuters) - Wall Street continued its rally on Friday with record closing highs as fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.

D.E. Shaw takes stake in Lowe's: CNBC

(Reuters) - Hedge fund D.E. Shaw & Co has built an active stake in home improvement chain Lowe's Cos Inc , CNBC reported on Friday, citing sources.

Fiat Chrysler recalls 162,000 minivans over glitch that may cause stall

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Friday it was recalling more than 162,000 2017 Chrysler Pacifica minivans because a software glitch may cause the vehicles to stall.

U.S. top court to decide if online retailers must collect state sales tax

WASHINGTON (Reuters) - The U.S. Supreme Court on Friday agreed to decide whether to expand the ability of states to require online retailers to collect sales tax, taking up South Dakota's dispute with three e-commerce companies.

Canada welcomes Trump talk of possible NAFTA deadline extension

LONDON, Ontario (Reuters) - Canada on Friday welcomed U.S. President Donald Trump's suggestion that talks to modernize NAFTA could be extended beyond the end-March deadline, a move which might help break a deadlock at the negotiations.

Volkswagen's Canadian unit agrees to settle class action lawsuit

(Reuters) - Volkswagen AG's Canadian unit said on Friday it had agreed to settle a class action lawsuit by compensating users of some Volkswagen, Audi and Porsche diesel vehicles over emission issues.

Dollar at three-year low versus euro; stocks extend record run

NEW YORK (Reuters) - The U.S. dollar slumped to a more than three-year low against the euro on Friday, extending recent losses on expectations European Central Bank policymakers are preparing to reduce their stimulus, while a key global stock index was on track for an eighth week of gains.

Wells Fargo sees no end yet to sales scandal costs, gets tax boost

NEW YORK (Reuters) - Wells Fargo & Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank's reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday.