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Bayer Stock Climbs On US Legal Win In Roundup Cancer Claims

Shares of Bayer AG were climbing around 11 percent in German trading after the pharmaceutical and life sciences major announced a favorable ruling in the United States in the lawsuit over cancer claims against its Roundup weed killer. In a statement, the company noted that the Third Circuit Court of Appeals issued its favorable ruling in Schaffner v. Monsanto...

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U.S. Housing Starts Plunge To Four-Year Low In July

New residential construction in the U.S. saw a steep drop in the month of July, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 6.8 percent to an annual rate of 1.238 million in July after jumping by 1.1 percent to a revised rate of 1.329 million in June.

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U.S. Housing Starts, Building Permits Pull Back Sharply In July

New residential construction in the U.S. saw a steep drop in the month of July, according to a report released by the Commerce Department on Friday.

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Bay Street Likely To Open Slightly Down On Weak Oil Prices

The Canadian market may open slightly down on Friday as weak crude oil prices could weigh on energy stocks. However, firm bullion prices, and easing concerns about the outlook for U.S. economic growth are likely to limit market's downside.

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Texas Instruments To Get $1.6 Bln Govt. Funding To Support 300mm Chip Fabs

Semiconductor major Texas Instruments Inc. Friday said it has signed a preliminary agreement with U.S. Department Of Commerce to receive up to $1.6 billion in direct funding through the CHIPS and Science Act for 300mm semiconductor manufacturing in Texas and Utah. The company also expects to receive an estimated $6 billion to $8 billion from the U.S. Department of Treasury's Investment Tax Credit

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Sensex, Nifty Rally; Auto And IT Stocks Top Gainers

Indian shares followed global peers higher on Friday as strong U.S. retail sales data and low weekly jobless claims figures soothed fears of an impending recession in the world's largest economy.

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Eurozone Trade Surplus Surges In June

The euro area trade surplus surged in June driven by the increase in surplus for machineries and vehicles, chemicals and other manufactured goods. The trade surplus rose to EUR 22.3 billion in June from EUR 14.0 billion in May, data published by Eurostat showed on Friday. This was well above economists' forecast of EUR 13.3 billion.

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Kroger Now Plans To Cut Grocery Prices By $1 Bln Upon Albertsons Merger

Supermarket chain Kroger Co., amid the ongoing regulatory hurdles in its proposed $25 billion merger with Albertsons Cos., now plans to cut grocery prices by $1 billion, upon the closure of the deal, Bloomberg reported. This is double the $500 million cut in prices the company announced, while the merger deal was revealed in 2022. The supermarkets also plan to spend $1 billion to increase...

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