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UK GDP Unexpectedly Shrinks In August
The UK economic output contracted unexpectedly in August on decelerating manufacturing and services activity, signaling that the economy is sliding into a recession. Gross domestic product shrank 0.3 percent month-on-month, in contrast to the revised 0.1 percent growth in July, the Office for National Statistics reported Wednesday.
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vor 829 Tagen
Canadian Dollar Climbs As Oil Prices Rise
The Canadian dollar firmed against its major counterparts in the European session on Wednesday amid rising oil prices, as a leak in a section of the Druzhba oil pipeline that transports oil from Russia to Europe raised supply concerns.
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vor 829 Tagen
Mirati, Aadi To Evaluate Adagrasib, Nab-sirolimus Combination To Treat NSCLC, Other Solid Tumors
Oncology company Mirati Therapeutics, Inc. (MRTX) and biopharmaceutical company Aadi Bioscience, Inc. (AADI) announced Wednesday a clinical collaboration to evaluate the combination of adagrasib, a KRASG12C selective inhibitor, and nab-sirolimus, a small molecule mTOR inhibitor complexed with human albumin in KRAS G12C mutant non-small cell lung cancer (NSCLC) and other solid tumors.
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vor 829 Tagen
KnowBe4 To Be Taken Private By Vista Equity Partners In All-cash Deal Valued At About $4.6 Bln
KnowBe4, Inc. (KNBE) announced Wednesday that it has entered into a definitive agreement to be acquired by Vista Equity Partners in an all-cash transaction valued at approximately $4.6 billion on an equity value basis.
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vor 829 Tagen
Best Buy's 48-hour Flash Sale Ends Today
Best Buy Co., Inc.'s flash sale ahead of the upcoming holiday season is live now with hundreds of deals on electronic items and games. The company's 48-hour Flash Sale that began on Tuesday, October 11 and ends today claims to be offering hefty savings on various tech products, like TVs, headphones, smartphones and more.
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vor 829 Tagen
Bay Street Seen Opening Higher
Higher Canadian and U.S. futures and firm crude oil prices point to a positive start for the Canadian market Wednesday morning.
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vor 829 Tagen
Merck Says Health Canada Granted Approval For KEYTRUDA To Treat Renal Cell Carcinoma
Merck & Co., Inc. (MRK), known as MSD outside the U.S. and Canada, announced Wednesday that Health Canada has granted approval for KEYTRUDA (pembrolizumab), Merck's anti-PD-1 therapy, as monotherapy for the adjuvant treatment of adults with renal cell carcinoma (RCC) at intermediate-high or high risk of recurrence following nephrectomy, or following nephrectomy and resection of metastatic lesions.
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vor 829 Tagen
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Owens & Minor Slashes FY22 Outlook; Stock Down 17%
Healthcare solutions company Owens & Minor, Inc. (OMI) on Wednesday preliminary results for the third quarter and slashed its adjusted earnings guidance for the full-year 2022.
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vor 829 Tagen
PepsiCo Lifts FY22 View As Q3 Results Top Estimates
Snack and beverage giant PepsiCo Inc. on Wednesday lifted its fiscal 2022 core earnings per share forecast above market estimates, as well as organic revenue growth view after reporting higher third-quarter results. Both earnings and top line beat Wall Street view. In pre-market activity on Nasdaq, Pepsi shares were gaining around 2.7 percent to trade at $166.96.
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vor 829 Tagen
Sensex, Nifty Snap Three-day Losing Streak; PSU Stocks Lead Gains
Indian shares rose notably on Wednesday after three days of losses on worries about slowing global growth and the impact of rising interest rates on corporate profits.
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vor 829 Tagen
European Shares Rise Amid Mixed Earnings, Data
European stocks traded mostly higher on Wednesday as investors reacted to mixed earnings and regional data.
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vor 829 Tagen
FTSE Edges Higher Despite Weak GDP Data
U.K. stocks rose on Wednesday as investors reacted to mixed signals from the Bank of England on bond purchases.
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vor 829 Tagen
TikTok Plans To Operate E-commerce Fulfillment System In US
Social media app TikTok plans to operate U.S warehouses and product fulfillment centers to create its own e-commerce supply chain system, job listings on its website and LinkedIn indicate. TikTok reportedly began piloting a shopping feature last year in the U.S., Canada and the U.K. through a deal with Shopify.
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vor 829 Tagen
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