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S&P 500 falls for fifth day as financials drag

NEW YORK (Reuters) – Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives. A trader …

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Exclusive: Snap reveals U.S. subpoenas on IPO disclosures

NEW YORK (Reuters) – The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc (SNAP.N) for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. A man takes a photograph of the front of the New York Stock Exchange …

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Pfizer loses blockbuster drug patent fight in UK Supreme Court

LONDON (Reuters) – Pfizer lost the final round in a long-running patent battle in Britain on Wednesday after the country’s highest court ruled against it in a case involving its $5 billion-a-year pain drug Lyrica. FILE PHOTO: A logo of American pharmaceutical corporation Pfizer Inc., is pictured in Toluca, Mexico …

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