ADVFN US – Market Content Editor

The U.S. dollar gained slightly on Wednesday as investors positioned ahead of the Federal Reserve’s anticipated interest rate announcement, though it remained under pressure after recent losses. By 04:10 ET (08:10 GMT), the Dollar Index, which measures the greenback against six major currencies, was up 0.2% at 96.442, following a 0.7% drop on Tuesday that…

Incyte (NASDAQ:INCY) reported encouraging 24-week interim findings from its Phase 3 STOP-HS clinical trial program, evaluating povorcitinib, an oral JAK1 inhibitor, in adults with moderate to severe hidradenitis suppurativa (HS). The study revealed that patients treated with povorcitinib experienced clinically significant and meaningful improvements through Week 24. Almost 60% of participants in both povorcitinib groups…

Stellantis (NYSE:STLA) has announced a recall of close to 164,000 Jeep vehicles in the U.S. due to a possible detachment of door trim, the U.S. National Highway Traffic Safety Administration reported Wednesday. The recall covers select Chrysler Jeep Wagoneer and Jeep Grand Wagoneer models produced between 2022 and 2025. The defect involves trim on both…

Eli Lilly (NYSE:LLY) is preparing to file for regulatory approval of its investigational weight-loss medication, orforglipron, in several key markets in rapid succession, according to the company’s international president, Patrik Jonsson. “We are submitting to most of the major regulatory bodies pretty much at the same time,” Jonsson told Reuters. The filings will target authorities…

Oil prices held steady in Asian markets Wednesday after surging in recent sessions on concerns over potential disruptions to Russian supply, as traders awaited the outcome of the U.S. Federal Reserve’s policy meeting. Brent futures for November edged down to $68.39 a barrel, while West Texas Intermediate was at $64.09 a barrel (21:48 ET /…

Gold prices pulled back slightly in Wednesday’s early Asian trading, with investors cautious ahead of the U.S. Federal Reserve’s interest rate decision and policy outlook scheduled later in the day. Spot gold was down 0.4% at $3,673.38 per ounce by 02:40 ET (06:40 GMT), after reaching a historic high of $3,702.95 on Tuesday. U.S. December…

STMicroelectronics (NYSE:STM) has announced plans to invest $60 million in its Tours plant in France, aiming to establish a pilot line for cutting-edge semiconductor manufacturing. The Franco-Italian chipmaker said the investment will support the next phase of an advanced production process at the site. In recent months, the company has been relocating older chip production…