Articles written by: Chase Hillenbrand

Inovio Pharmaceuticals Doses First Patient in MERS Vaccine Trial

Inovio Pharmaceuticals Doses First Patient in MERS Vaccine Trial

Inovio Pharmaceuticals (INO), a developer of DNA immunotherapies, Wednesday reported dosing of the first subject with its vaccine to prevent the deadly Middle East Respiratory Syndrome, or MERS virus, in a phase 1/2a study. Inovio said the trial is ongoing in South Korea sponsored by its Korean development partner for its MERS vaccine, the publicly held GeneOne Life Science. The […]

US Treasury Prices Slightly Lower as Curve Flattening Resumes

US Treasury Prices Slightly Lower as Curve Flattening Resumes

US Treasury prices were slightly lower as curves resumed flattening after risk sentiment recovered somewhat as the Turkey panic subsided. This comes after US press secretary Sanders Monday said national security adviser Bolton met with Turkish ambassador Serdar Kilic at the White House. – Turkish Lira up about 4.4% with other EM currencies up as well (RUB, ZAR, MXN). – […]

Canada’s Housing Starts Post Bigger Decrease Than Expected as Multi-Unit Developments Slide

Canada’s Housing Starts Post Bigger Decrease Than Expected as Multi-Unit Developments Slide

Housing starts decreased last month in Canada, posting a bigger pullback than analysts expected to scale back part of June’s surge with the retreat seen in new multi-unit developments. The starts came in at 206,314 on an annualized basis from 246,200 in June, a rate that was the highest since November of last year, the Canada Mortgage and Housing Corp. […]

Nasdaq Set For Eighth Straight Gain, Dow Lags on Soft Industrial and Energy Shares

Nasdaq Set For Eighth Straight Gain, Dow Lags on Soft Industrial and Energy Shares

Weighed down by losses in industrial and energy shares, the Dow Jones Industrial Average is lower for a second day, lagging modest gains in the other major averages. The Nasdaq is again outperforming its peers as gains in most of the FAANG stocks offsets losses in the semiconductor sector. Wall Street continued to ignore the simmering trade dispute between the […]

Party City Plans Amazon Sales With Halloween Season as Earnings, Revenue Just Beat Views

Party City Plans Amazon Sales With Halloween Season as Earnings, Revenue Just Beat Views

Party City (PRTY) will start selling some of its products on e-commerce giant Amazon.com (AMZN), extending online sales from its own website while also reporting slightly better-than-expected results for the second quarter. The Elmsford, New York-based decorations company said it will start the pilot program before this year’s Halloween season and will “initially offer a curated product assortment focused largely […]

Paddy Power Betfair Lowers Full-Year Operating Earnings Outlook

Paddy Power Betfair Lowers Full-Year Operating Earnings Outlook

Paddy Power Betfair (PPB.L), the British gambling firm, early Wednesday cut its full-year operating earnings outlook because of a planned introduction of taxes in Australia and the need to absorb losses from its FanDuel acquisition, and as adjusted net income fell in the first half. Underlying earnings per share fell to 173.6 pence (224.8 cents) in the six months to […]

Glencore Trains Focus on Shareholder Returns After Operating Earnings Surge

Glencore Trains Focus on Shareholder Returns After Operating Earnings Surge

Glencore (GLEN.L), one of the biggest mining and commodities trading firms in the world, reported early Wednesday that adjusted operating earnings surged to a record in the first half, while noting that its near-term focus will be on deleveraging and shareholder returns/buybacks funded through cash generation. Group revenue climbed to $108.55 billion in the six months that ended June 30, […]

Henry Schein Gets Price Target Bump at Barrington

Henry Schein Gets Price Target Bump at Barrington

Henry Schein (HSIC) shares were lower on Tuesday, but that didn’t stop Barrington Research analysts from raising its price target on the stock after the company reported better-than-expected financial results. The health care products company on Monday reported second-quarter adjusted earnings of $1.04 per diluted share, up from $0.88 a share last year and topping the $1.01 average estimate from […]

European Equity Benchmarks Close Higher; Mining, Auto, Energy Stocks Boost Markets

European Equity Benchmarks Close Higher; Mining, Auto, Energy Stocks Boost Markets

The broad-based major European indices closed higher in Tuesday trading as mining, automotive and energy stocks pushed the markets into positive territory. In economic news, there was widespread growth across all monitored sectors at the start of Q3, according to the latest Europe Sector PMI data from IHS Markit. Technology continued to lead growth at the broad sector level, with […]