Investors are worried about future profits in US healthcare stocks following growing support for 'Medicare-for-All' legislation among Democrats.
A jury was listening to opening arguments from Apple and Qualcomm when news of the settlement broke. Meanwhile, Wall Street ends its day higher following a string of generally upbeat earnings.
The Australian share market is expected to follow Wall Street lower, after investor enthusiasm is dampened by weaker-than-expected bank earnings.
Embattled company Freedom Insurance, which came under fire at the banking royal commission for its unscrupulous sales tactics, reaches a deal to sell its policy administration business for $5 million.
The local share market is expected to defy a weak lead from Wall Street and start its day on a high, ahead of the Reserve Bank releasing its latest Financial Stability Review.
Four men, one woman and a business called Vina Money Transfer have been charged with operating a criminal cartel and rigging the Australian dollar to Vietnamese dong exchange rate.
The Australian share market is expected to open lower, while Wall Street ends its day mostly higher and the Federal Reserve says it probably won't lift US interest rates this year.
Global markets fall after US President Donald Trump threatens Europe with further tariffs over allegations of unfair competition in the aviation industry. Meanwhile, the IMF expects Australia's economy to grow at an even slower pace, well below what the Budget had forecast.
Crown Resorts' share price surges after the company confirms it is the subject of a $10 billion takeover offer from Las Vegas casino giant Wynn Resorts.
Boeing's stock falls sharply after the company says it will cut production of its 737 MAX aircraft in the wake of two fatal crashes in less than five months. Meanwhile, Wall Street is bracing for the first quarterly profit decline in three years.