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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.
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ON Semiconductor Guides Q3 Revenues Well Above Estimates - Update
While reporting financial results for the second quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the third quarter.
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Advanced Energy Authorizes Quarterly Cash Dividend Of $0.10/share
Advanced Energy Industries, Inc. (AEIS) announced Monday that its board of directors has authorized a quarterly cash dividend of $0.10 per share, payable on September 2, 2022 to shareholders of record as of August 22, 2022.
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Pound Climbs As European Shares Rise
The pound advanced against its major counterparts in the European session on Monday, as European shares advanced following strong corporate results and investors awaited a rate hike from the Bank of England later this week.
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Eurozone Manufacturing Activity Shrinks In July
Adding to recession risks, the euro area manufacturing sector contracted in July as production logged the sharpest fall since the initial wave of the COVID-19 lockdowns in early 2020, final data from S&P Global showed on Monday. The final manufacturing Purchasing Managers' Index fell to a 25-month low of 49.8 in July from 52.1 in June. The flash reading was 49.6.
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Tonix Pharma Granted U.S. Patent Covering TNX-1900 For Treatment Of Pain
Biopharmaceutical company Tonix Pharmaceuticals Holding Corp. (TNXP) announced Monday that the United States Patent and Trademark Office (USPTO) issued U.S. Patent 11,389,473 to the Company on July 19, 2022.
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Nevro And Boston Scientific Reach $85 Mln Settlement Of Ongoing Intellectual Property Litigations
Medical device makers Nevro Corp. (NVRO) and Boston Scientific Corp. (BSX) announced Monday that they have reached a settlement in all their ongoing intellectual property litigations, including a net payment from Boston Scientific to Nevro of $85 million.
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more news
Jacobs Engineering Guides Q4 Adj. EPS Below Estimates - Update
While reporting financial results for the third quarter on Monday, professional services provider Jacobs Engineering Group Inc. (JEC) provided its adjusted earnings outlook for the fourth quarter and reiterates its full-year 2022 outlook.
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Sensex Soars 545 Points; Nifty Ends At 17,340
Indian shares rose sharply on Monday, mirroring positive global cues amid expectations that rate hikes by the U.S. Federal Reserve may moderate over time.
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Hong Kong Economy Contracts Unexpectedly In Q2
Hong Kong's economy contracted unexpectedly in the second quarter on weak exports and investment, the advance estimates from the Census and Statistics Department showed Monday. Gross domestic product contracted 1.4 percent from the last year, following a 3.9 percent fall in the first quarter. Economists had forecast an annual expansion of 0.6 percent.
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European Shares Inch Higher In Cautious Trade
European stocks edged higher on Monday after key U.S. benchmark indexes finished July 2022 with largest gains since April 2020 on the back of better-than-expected earnings and easing concerns over the need for continued aggressive interest rate hikes by the U.S. Federal Reserve.
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FTSE 100 Edges Higher On Earnings
U.K. stocks were moving higher on Monday as investors cheered upbeat earnings updates from the likes of HSBC and Pearson.
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CAC 40 Edges Higher Led By Banks
French stocks were moving higher on Monday as earnings optimism outweighed lingering concerns about a challenging macroeconomic environment.
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