ADVFN US – Market Content Editor

Shares of several cybersecurity companies moved lower on Wednesday following a Reuters report that Chinese authorities have instructed domestic businesses to stop using security software supplied by around a dozen firms based in the United States and Israel, citing national security risks. Reuters said the guidance was circulated in recent days, although it remains unclear…

Shares of ImmunityBio (NASDAQ:IBRX) climbed 6% on Wednesday morning after the company said Saudi Arabia’s Food and Drug Authority had granted accelerated approval for its ANKTIVA treatment, to be used alongside checkpoint inhibitors in patients with metastatic non-small cell lung cancer. The decision represents the first regulatory approval globally for ANKTIVA, a subcutaneously delivered IL-15…

U.S. retail spending rose more than expected in November, bouncing back from a decline in the previous month and pointing to continued resilience in consumer demand as the year drew to a close. Retail sales increased 0.6% from October, outpacing market forecasts for a 0.5% rise, according to data released Wednesday by the U.S. Census…

U.S. producer prices recorded only limited increases in recent months, but a firmer rise in underlying measures has added to uncertainty around the Federal Reserve’s policy path. On a month-on-month basis, producer price inflation slowed sharply in October and remained restrained in November. The Labor Department’s Bureau of Labor Statistics said the producer price index…

Amazon (NASDAQ:AMZN) is preparing to challenge an Italian court decision that lowered a major antitrust fine, arguing that the penalty should be scrapped entirely, according to Italian newspaper MF on Wednesday. Earlier this week, Italy’s competition authority said it had cut the fine imposed on the U.S. e-commerce group to €752.4 million ($876.3 million), down…