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Pulmatrix Announces Positive Top Line Results In Phase 1 Study With PUR3100 For Acute Migraine
Biopharmaceutical company Pulmatrix, Inc. (PULM) announced Wednesday the successful completion of a Phase 1 trial evaluating safety and pharmacokinetics of PUR3100 in healthy volunteers for the treatment of acute migraine.
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Hyundai Motor America December Total Sales Up 40%
Hyundai Motor America reported Wednesday that it sold a total of 72,058 units in the month of December, up 40 percent from last year's 51,340 units, driven by new December retail and total sales records for Venue, Elantra HEV, Elantra N, IONIQ 5, Santa Fe HEV, Tucson HEV, Santa Cruz, Kona EV and Kona N.
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Bay Street Likely To Open With Positive Bias
Canadian shares are likely to open with a positive bias on Wednesday, tracking firm bullion prices.
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Kaltura Announces Re-organization Plan, To Cut About 11% Of Current Workforce
In a Form 8-K filing with the U.S. Securities and Exchange Commission on Wednesday, software company Kaltura, Inc. revealed that its Board of Directors approved on January 3, 2023 a re-organization plan that includes, among other things, downsizing approximately 11% of the Company's current workforce and adapting the Company's organizational structure, roles, and responsibilities accordingly.
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U.S. Dollar Down As Fed Minutes In Focus
The U.S. dollar dropped against its major counterparts in the European session on Wednesday, as investors awaited the minutes of the Federal Reserve's December meeting for more clarity on the monetary policy outlook.
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UK Mortgage Approvals Weakest Since Mid-2020
UK mortgage approvals reached the lowest level since the middle of 2020 as rising interest rates acted as a drag on housing demand. Mortgages approved for house purchases decreased more-than-expected to 46,100 from 57,900 in October, the Bank of England reported Wednesday. This was the lowest level since June 2020, when approvals totaled 40,500. The expected level was 55,000.
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BrainStorm Cell Therapeutics Promotes Stacy Lindborg To Work Alongside Chaim Lebovits As Co-CEO
Stem cell therapeutics developer BrainStorm Cell Therapeutics Inc. (BCLI) announced Wednesday the promotion of Stacy Lindborg to the role of Co-Chief Executive Officer. She will work alongside Chaim Lebovits, who is retaining his position as President and CEO.
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more news
Eurozone Private Sector Downturn Softens In December
Euro area private sector activity shrank at the end of 2022, at the least marked pace since July, on the back of a slower fall in order books and a rebound in business confidence amid slowing inflation, results of the closely watched purchasing managers' survey suggested Wednesday. The composite output index rose to 49.3 in December from 47.8 in November, data from S&P Global showed.
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Fulcrum Therapeutics Names Robert Gould As Interim CEO After CEO Bryan Stuart Departs
Biopharmaceutical company Fulcrum Therapeutics, Inc. (FULC) announced Wednesday that Robert Gould, former president and founding chief executive officer, has been appointed as interim CEO, effective January 3, 2023. He is also a current member of the Board of Directors.
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German Auto Industry Confidence Improves, Outlook Uncertain: Ifo
German automakers sentiment turned positive at the end of 2022, but the overall business situation was strained for both manufacturers and suppliers, and expectations for the coming months remain cautious, survey results from the ifo Institute showed on Wednesday. The auto industry index rose to 1.5 in December from -1.5 in November, the Munich-based institute said.
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Patterson-UTI Energy Sees Q4 Net Income Exceeding $100 Mln
Providing an update on the fourth quarter results on Wednesday, oilfield services provider Patterson-UTI Energy, Inc. (PTEN) announced that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections.
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GE Completes Spin-off Of Healthcare Business As GE HealthCare Technologies
General Electric Co. (GE) announced Wednesday that it has completed the separation of its healthcare business, launching GE HealthCare Technologies Inc., a global leader in Precision Care. Starting January 4, 2023, GE HealthCare will trade on Nasdaq under the ticker symbol "GEHC".
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France Inflation Slows On Cheaper Energy Prices
After Germany and Spain, France also registered a slowdown in inflation in December on lower energy prices, softening pressure on the European Central Bank to tighten policy at an aggressive pace. Though price pressures eased, they remain high and French households were less confident about their economic prospects in December.
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