Wall Street on a roll...Oil prices creep up...Balloons give storm-ravaged Puerto Rico a gateway to the internet
UNDATED (AP) — Wall Street has capped a week with no shortage of milestones. U.S. stocks closed modestly higher on Friday, lifting the Standard & Poor’s 500 index to its fifth record close in a row. The Dow Jones industrial average also finished the day with its fifth-straight all-time high. The S&P rose 13 points to 2,575. The Dow gained 165 to end the day at 23,328 and the Nasdaq composite added 24 points to close at 6,629.
UNDATED (AP) —Oil futures are up. Benchmark U.S. crude added 18 cents to settle at $51.47 a barrel in New York on Friday. At the same time, Brent crude, used to price international oils, gained 52 cents to $57.75 a barrel in London. In other energy trading, wholesale gasoline rose 3 cents to $1.68 a gallon.
MENLO PARK, Calif. (AP) — Google’s parent Alphabet Inc. says its stratospheric balloons are now delivering the internet to remote areas of Puerto Rico where cellphone towers were knocked out by Hurricane Maria. Two of the search giant’s “Project Loon” balloons are already over the country enabling texts, emails and basic web access to AT&T customers with handsets that use its 4G LTE network. Several more balloons are on their way from Nevada,
UNDATED (AP) — A new, more effective vaccine to prevent painful shingles has been approved by U.S. regulators. Drugmaker GlaxoSmithKline says the Food and Drug Administration approved it late Friday. It will be the second vaccine for shingles, which is caused by the chickenpox virus. Merck has sold a shingles vaccine for about a decade. Glaxo says the price of Shingrix (SHING’-rihks) without insurance will be $280 for two doses.
LOS ANGELES (AP) — A Los Angeles judge has tossed out a $417 million jury award to a woman who claimed she developed ovarian cancer by using Johnson & Johnson baby powder for feminine hygiene. The judge on Friday granted the company a new trial, saying there were errors in the previous case that ended with the award two months ago. The woman, Eva Echeverrian, has died.