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Friday, May 3
by
SRN News
Amgen shares jump after teasing weight-loss drug data, rivals slip
(Reuters) -Amgen shares jumped 14% premarket on Friday after the U.S. drugmaker hinted at encouraging interim trial data on its experimental obesity drug, denting rival stocks such as Novo Nordisk but leaving analysts frustrated over a lack of details. The company is conducting mid-stage studies ...
Friday, May 3
by
SRN News
Amgen shares jump after teasing ‘encouraging’ weight loss data
(Reuters) – U.S. drugmaker Amgen’s shares jumped 13% to $316.26 premarket on Friday as the company teased encouraging data for its experimental obesity drug, igniting investor hopes but leaving Wall Street frustrated over a lack of details. Amgen, which is conducting ...
Friday, May 3
by
SRN News
Stock market today: World shares advance ahead of key US jobs report
European and Asian shares were mostly higher Friday ahead of a report on U.S. employment that is expected to show the economy remains strong despite a prolonged bout of high interest rates. Oil prices and U.S. futures were higher. Germany’s DAX gained 0.3% to ...
Friday, May 3
by
SRN News
Stock market today: Asian shares advance ahead of US jobs report
Asian shares were mostly higher Friday ahead of a report on the U.S. jobs market, while several major markets including Tokyo and Shanghai were closed for holidays. Oil prices and U.S. futures were higher. The Japanese yen strengthened slightly against the U.S. dollar amid ...
Thursday, May 2
by
SRN News
Amgen ‘encouraged’ by weight-loss drug interim data, shares jump
By Deena Beasley (Reuters) -Amgen said on Thursday it was encouraged by the findings after completing an interim analysis of a mid-stage study of experimental weight-loss drug MariTide and will no longer develop its oral obesity candidate AMG786. Shares of Amgen surged up 13% in after ...
Thursday, May 2
by
SRN News
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
(Reuters) -Rivian Automotive said on Thursday it has received $827 million in an incentive package from the State of Illinois to expand operations at its Normal facility. The Irvine, California-based company’s shares rose nearly 10% in afternoon trade after having lost more than 60% of ...
Thursday, May 2
by
SRN News
Hugo Boss shares fall on weaker China demand, US uncertainty
By Linda Pasquini (Reuters) -Shares in Hugo Boss slumped nearly 10% on Thursday, hitting their lowest level since 2022 after the premium apparel brand flagged weaker demand in China and concern about U.S. consumer sentiment ahead of the presidential election. The German fashion house is on ...
Thursday, May 2
by
SRN News
Air Canada reports wider-than-expected loss, shares drop
By Shivansh Tiwary and Allison Lampert (Reuters) -Air Canada reported a bigger first-quarter loss than expected on Thursday on higher operating costs tied to labor and aircraft maintenance, overshadowing early signs of a revival in corporate demand. Shares dropped more than 5% in morning trade in ...
Thursday, May 2
by
SRN News
European shares struggle for direction in earnings tide, Fed decision
By Ankika Biswas (Reuters) -European shares flitted in a tight range on Thursday, after falling to a one-week low in early trade, as investors returned from a mid-week holiday to gauge a slew of earnings and the Federal Reserve signalling a delay in interest rate ...
Thursday, May 2
by
SRN News
European shares slip at open in earnings tide, Fed outcome
(Reuters) – European shares opened on a sombre note on Thursday as investors returned after a mid-week holiday to parse a slew of big-ticket earnings and the Federal Reserve signalling a delay in interest rate cuts. The pan-European STOXX ...
Wednesday, May 1
by
SRN News
Aussie lender NAB’s cash profit falls 13%, to buy back $979 million of shares
By Sameer Manekar (Reuters) -National Australia Bank on Thursday posted a drop of about 13% in its first-half cash earnings as it grappled with high operating costs and cutthroat competition, but raised its ongoing share buyback program by A$1.5 billion ($979 million). NAB, the country’s biggest ...
Wednesday, May 1
by
SRN News
Aussie lender NAB posts 13% drop in cash earnings, to buy back shares worth $979 million
By Sameer Manekar (Reuters) -National Australia Bank on Thursday posted a drop of about 13% in its first-half cash earnings as it grappled with high operating costs and cutthroat competition, but announced a share buyback program worth A$1.5 billion ($979 million). NAB, the country’s biggest business ...
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