Stealth Granted Pre-NDA Meeting For Elamipretide To Treat Barth Syndrome

Stealth BioTherapeutics To Be Taken Private In All-cash Deal

Biotechnology company Stealth BioTherapeutics Corp (MITO) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Stealth Parent Limited,, and Stealth Merger Sub Limited, a wholly-owned subsidiary of Parent, to be acquired by a consortium of investors led by Morningside Venture (I) Investments Ltd. and J. Wood Capital Advisors LLC in an all-cash transaction.

RTTNews | 989 days ago

Energy, Materials Stocks Lift Canadian Market; BoC Holds Rates

Canadian stocks are up in positive territory Wednesday morning, led by gains in energy, communications and materials sectors. Stocks from real estate and utilities sections are also doing well. Renewed worries about trade tensions weigh on sentiment, but higher commodity prices prompt investors to pick up resources stocks. Investors are also digesting the Bank of Canada's interest rate decision.

RTTNews | 59 minutes ago

U.S. Business Inventories Rise In Line With Estimates In February

A report released by the Commerce Department on Wednesday showed business inventories in the U.S. increased in line with economist estimates in the month of February. The Commerce Department said business inventories rose by 0.2 percent in February after climbing by 0.3 percent in January.

RTTNews | 1h 57min ago

U.S. Homebuilder Confidence Unexpectedly Inches Higher In April

The National Association of Home Builders released a report on Wednesday unexpectedly showing a slight improvement by U.S. homebuilder confidence in the month of April. The report said the NAHB/Wells Fargo Housing Market Index inched up to 40 in April after falling to 39 in March. Economists had expected the index to dip to 37.

RTTNews | 2h 8min ago

U.S. Industrial Production Falls 0.3% In March As Utilities Output Plummets

Reflecting a steep drop by utilities output, the Federal Reserve released a report on Wednesday showing U.S. industrial production decreased by slightly more than expected in the month of March. The Fed said industrial production fell by 0.3 percent in March after climbing by an upwardly revised 0.8 percent in February.

RTTNews | 2h 21min ago

Nvidia Sees $5.5 Bln Charge As US Restricts Chip Sales To China; Shares Down

Shares of Nvidia Corp. were losing around 6 percent in early morning trade on Wednesday on the Nasdaq, after the artificial intelligence chipmaker said that it would take $5.5 billion in charges after the U.S. government barred exports of its H20 AI chip to China, a key market.

RTTNews | 2h 33min ago

Bank Of Canada Leaves Interest Rates Unchanged Amid Tariff Uncertainty

Following a series of interest rate cuts over the past several months, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.

RTTNews | 2h 39min ago

U.S. Industrial Production Falls Slightly More Than Expected In March

Reflecting a steep drop by utilities output, the Federal Reserve released a report on Wednesday showing U.S. industrial production decreased by slightly more than expected in the month of March.

RTTNews | 3h 3min ago

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Stealth Granted Pre-NDA Meeting For Elamipretide To Treat Barth Syndrome