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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
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biotechnology firm Arcadia Biosciences, Inc. (RKDA) announced Tuesday that CEO Stan Jacot has left the company and been replaced by Thomas Schaefer, effective July 5, 2024.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
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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UiPath To Eliminate About 10% Of Global Workforce Amid Restructuring
Software company UiPath, Inc. (PATH) said Tuesday that the board of directors approved restructuring actions to manage its operating expenses.
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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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Sensex, Nifty End Higher As Oil Prices Retreat
Indian shares continued their upward momentum on Tuesday, with sentiment buoyed by foreign fund inflows and a retreat in oil prices.
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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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more news
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.
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Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the early European session on Tuesday.
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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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European Shares Set To Open Mostly Lower; FTSE 100 May Rise
European stocks look set to open mostly lower on Tuesday as investors fret about France's uncertain political outlook, the country's economic stability and growth.
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Sensex, Nifty Slightly Higher In Cautious Trade
Indian shares were seeing modest gains in early trade on Tuesday, with FMCG and auto stocks pacing the gainers ahead of the earnings season.
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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.
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