U.S. stocks extend losses; Pharma CEO arrested; eBay setting up mall pop-ups
U.S. stocks (^DJI, ^GSPC, ^IXIC) give up earlier opening gains as a drop in oil pressures energy and materials shares. All three major averages are lower in midday trading.
Here are some of the other stories we're keeping an eye on today at Yahoo Finance:
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OIl dips below $35 per barrel as ban is lifted on U.S. oil exports
Oil drops below $35 per barrel as lawmakers vote to lift a 40-year-old ban on U.S. oil exports. How will this move impact oil prices?
Pharma CEO Martin Shkreli arrested
Turing Pharmaceuticals CEO and founder Martin Shkreli has been arrested on fraud charges. Shkreli is the former hedge fund manager who has been criticized for drug price gouging. We'll tell you the details of the charges.
eBay popping up in shopping malls
eBay is setting up shop in brick-and-mortar shopping malls nationwide in an effort to attract more sellers. On December 26 and 27, the e-commerce giant will let people list items online themselves at dedicated outposts. Is this a smart move by eBay? And will we soon see Amazon or other competitors setting up in stores?