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Elanco Animal Health Closes Sale Of Aqua Business To Merck Animal Health

Elanco Animal Health, Inc. (ELAN) announced Tuesday it has completed the divestiture of its aqua business to Merck Animal Health (MRK) for approximately $1.3 billion in cash, with approximately $1.05 billion to $1.1 billion in net proceeds available for debt paydown in the third quarter of 2024.
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Arcadia Biosciences Promotes CFO Thomas Schaefer To Succeed Stan Jacot As CEO

Arcadia Biosciences Promotes CFO Thomas Schaefer To Succeed Stan Jacot As CEO

Agricultural biotechnology firm Arcadia Biosciences, Inc. (RKDA) announced Tuesday that CEO Stan Jacot has left the company and been replaced by Thomas Schaefer, effective July 5, 2024. Schaefer was previously Arcadia's chief financial officer and will be replaced in that role by Mark Kawakami, Arcadia's current vice president of finance.
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Bay Street May Open Slightly Higher; Powell's Testimony In Focus

Bay Street May Open Slightly Higher; Powell's Testimony In Focus

Canadian stocks are likely to open higher Tuesday morning on slightly firm metal prices. With the focus on Fed Chair Jerome Powell's congressional testimony, and upcoming U.S. earnings season, the mood is likely to remain a bit cautious.
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UK Retail Sales Fall In June: BRC

UK Retail Sales Fall In June: BRC

UK retail sales declined in June as the cold weather in the first half of the year weighed on consumer spending, the British Retail Consortium said on Tuesday. Total retail sales fell 0.2 percent in June from the previous year. BRC Chief Executive Helen Dickinson said the sales of weather sensitive categories such as clothing and footwear, and DIY and gardening were hit particularly hard.
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European Shares Decline Ahead Of Powell Remarks

European Shares Decline Ahead Of Powell Remarks

European stocks declined on Tuesday, as investors reacted to a slew of disappointing corporate updates and looked ahead to a crucial testimony from Federal Reserve Chair Jerome Powell before a congressional panel for additional clues on the rate trajectory.
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Asian Shares Track Rally On Wall Street Ahead Of Powell's Testimony

Asian Shares Track Rally On Wall Street Ahead Of Powell's Testimony

Asian stocks rose broadly on Tuesday after Wall Street equities inched higher to close at record peaks overnight ahead of the Federal Reserve Chair's testimony and key U.S. consumer and producer price inflation figures due this week.
RTTNews | 114 दिनों पहले
Swiss Franc Slides Against Majors

Swiss Franc Slides Against Majors

The Swiss franc weakened against other major currencies in the early European session on Tuesday.
RTTNews | 114 दिनों पहले
Australia Business Confidence Strengthens; Consumer Confidence Weakens

Australia Business Confidence Strengthens; Consumer Confidence Weakens

Australia's business confidence improved in June to the highest since early 2003 but consumer sentiment remained deeply pessimistic in July, private survey results showed on Tuesday. The business sentiment index advanced to +4 in June from -2 in May, monthly survey data from NAB showed today. The increase was led by the strength in manufacturing and wholesale.
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Asian Markets Trading Mixed

Asian Markets Trading Mixed

Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, as traders seemed reluctant to make significant moves ahead of key US inflation data later in the week, which is expected to show a slowdown in the pace of annual price growth, could impact the outlook for interest rates. Asian markets closed mostly lower on Monday.
RTTNews | 114 दिनों पहले

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