Category: Latest News
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Bristol Myers Squibb Aligns Schizophrenia Drug Pricing in UK and US
Bristol Myers Squibb (NYSE:BMY) will price its latest schizophrenia medication at $22,500 per year in the United Kingdom, the same as in the United States, according to the Financial Times. The company has opted to standardize the cost of the therapy across both markets, offering patients in the UK and US equal pricing for this…
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Premier Shares Jump Following $2.6 Billion Buyout by Patient Square Capital
Shares of Premier (NASDAQ:PINC), a provider of healthcare services, surged more than 9% on Monday after news broke that private equity firm Patient Square Capital will acquire the company in a deal valued at $2.6 billion. Under the terms of the agreement, Premier shareholders are set to receive $28.25 per share in cash, reflecting a…
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Lincoln Tech Marks 65 Years in Columbia, MD, Celebrating Workforce Impact and Community Partnerships
Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training, celebrated the 65th anniversary of its Columbia, Maryland campus earlier this month, reflecting decades of workforce development in the region. The school’s first Maryland location opened in Landover in 1960 before relocating to Columbia in 1997, expanding its program offerings and helping thousands…
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Kenvue shares drop after report of potential Tylenol-autism link from Trump administration
Shares of Kenvue (NYSE:KVUE) slipped 5.5% in pre-market trading on Monday following a report by the Washington Post that the Trump administration is set to raise concerns about a possible connection between Tylenol’s active ingredient and autism risk. The report indicates that federal health authorities may advise pregnant women to avoid acetaminophen—the active ingredient in…
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Mexico’s Central Bank Poised for 25-Basis-Point Rate Cut
Mexico’s central bank is widely expected to lower its key interest rate by 25 basis points at the September 25 policy meeting, according to Bank of America (NYSE:BAC). If implemented, this move would bring the overnight rate down to 7.50% from the current 7.75%. Market expectations already reflect a quarter-point reduction, consistent with BofA’s forecast.…
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Genfit shares drop after halting VS-01 liver failure trial
Genfit (NASDAQ:GNFT) saw its stock decline 9% following the company’s announcement to discontinue its VS-01 therapy for Acute-on-Chronic Liver Failure (ACLF). The decision came after a safety incident in the UNVEIL-IT trial and a subsequent review by an independent Data Monitoring Committee (iDMC). The company said the ACLF program, previously seen as its most prominent…
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Dow Jones, S&P, Nasdaq, Wall Street, Five Key Market Themes for the Week Ahead
Investors are entering a week packed with tech earnings and important Federal Reserve commentary, coming shortly after the central bank’s recent interest rate cut and hints at further reductions. Market participants will also be watching new inflation data, while tariff-driven price pressures could influence results from warehouse retailer Costco. Tech Sector Results Take Center Stage…
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Ed Yardeni Sees Parallels to 1999 Tech Bubble in Current Market Rally
The ongoing market upswing shows signs reminiscent of the late 1990s tech bubble, with major indices hitting record levels and valuations stretching higher even as corporate earnings continue to rise, according to Ed Yardeni, founder and president of Yardeni Research. Last week, the Dow, S&P 500, Nasdaq, and Russell 2000 all posted new highs, boosted…
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Copper Gains as Supply Disruptions and Strong Chinese Demand Weigh on Markets
Copper prices edged higher in early Monday trading as concerns over supply disruptions re-emerged, coupled with steady demand from China. During morning trading on the London Metal Exchange, copper rose 0.6% to $9,996.50 per metric ton. ANZ analysts highlighted that the market could tighten further if Chile’s El Teniente mine remains offline longer than expected.…
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Dollar steadies as markets await Fed commentary and inflation data
The U.S. dollar held steady on Monday after last week’s swings, with investors focusing on a series of Federal Reserve speeches that could shed light on upcoming monetary policy, ahead of critical inflation figures. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against six major currencies, was slightly lower at 97.155.…