FDA Panel Recommends Two New Antibiotics

An FDA advisory committee unanimously recommended the agency approve two new antibiotics, while speakers debated the agency’s approach to encouraging new drugs for drug-resistant infections.

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High-Speed Trader Virtu Delays IPO Launch

Amid a growing clamor over the role of high-frequency traders in the markets, Virtu Financial has delayed the start of its pitch to investors on its initial public offering.

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European Stocks Rise as Ruble Drops

European stock markets edged higher following gains in Asia and the U.S., while the ruble weakened after Russia’s finance minister said the country would resume buying foreign currencies for its depleted reserves fund in the coming days.

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Tesla Breaks Norway’s All-Time Sales Record

Tesla Motors’ hot streak in its No. 2 market, Norway, gained additional steam in March, with its electric Model S sedan breaking the country’s previous record for monthly sales of a single model—regardless of how it is powered.

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