The drop comes the day after the drugmaker said it would add a so-called black-box warning to its gene therapy Elevidys after two teenage boys receiving the treatment died earlier this year.

While rival media companies are unloading assets and cutting costs, Netflix Inc. continues to thrive.The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric,

Wall Street geared up for a subdued start on Friday, with investors weighing a week of mixed economic signals and earnings reports, while Netflix's blockbuster profit failed to spark much excitement.

Jho Low, the playboy Malaysian financier who masterminded the 1MDB corruption scandal that helped finance 'The Wolf of Wall Street,' has been located.

PepsiCo jumped 6.6% after delivering revenue and profit that topped Wall Street’s expectations. The drink and snack giant stood by its financial forecasts given in April, which projected lower full-year profit than previous forecasts due to increased costs from tariffs and a pullback in consumer spending.

Investors have spent much of this year dumping the dollar, but strategists at Citigroup are now calling a temporary time-out on that greenback hating. Having been bearish on the dollar DXY, a Citi team led by Dirk Willer made a tactical argument for switching to neutral in the short-term, in note to clients released Thursday.

The week has seen the market meander as it searches for its next catalyst. One possible catalyst — an interest rate cut from the Federal Reserve later this month — has been removed from the equation following sticky inflation reads.

The Federal Reserve may already have the so-called shadow chairman that President Donald Trump has said he might soon appoint in a move that could be seen as part of a pressure campaign to lower interest rates and reduce government borrowing costs.