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Stock Market News: ADP jobs, debt deal passes, Macy’s sinks, Elon Musk world’s richest

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ADP jobs report strong, investors optimistic after the debt deal clears the House and heads for the Senate, Macy’s slashes its forecast, while Nordstrom provides a better outlook. Salesforce shares fall on slowing growth and Elon Musk reclaims a top title. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

will broaden coverage for new Alzheimer's drugs such as Eisai Co Ltd and Biogen Inc's Leqembi if they gain full U.S. approval, a federal agency said on Thursday.

Currently, Medicare, the government health plan for Americans 65 and over, will only pay for Alzheimer's disease drugs approved under the U.S. Food and Drug Administration's rigorous accelerated review if patients are enrolled in a clinical trial. Broader Medicare coverage would begin on the same day the FDA grants traditional approval, the Centers for Medicare & Medicaid Services said.

Leqembi received accelerated approval from the FDA earlier this year and a decision on full approval is due by July 6.that targets amyloid brain plaques, similar to Eisai and Biogen's Leqembi.The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/

 

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