Market News

bluebird bio Says Phase 2/3 Starbeam Study Meets Enrollment Goal

bluebird bio Says Phase 2/3 Starbeam Study Meets Enrollment Goal

bluebird bio (BLUE) reported Wednesday that its phase 2/3 Starbeam study of its investigational Lenti-D gene therapy in boys 17 years of age and under with cerebral adrenoleukodystrophy (CALD), has met its enrollment goal; it also reported initial data from ALD-103, the ongoing observational study of outcomes from allogeneic hematopoietic stem cell transplant (allo-HSCT) in boys 17 years of age […]

Albemarle Is Reportedly Interested in Acquiring FMC’s Lithium Business

Albemarle Is Reportedly Interested in Acquiring FMC’s Lithium Business

Albemarle (ALB) may want to acquire FMC’s (FMC) Livent lithium unit if the unit’s initial public offering scheduled this fall does not go through, Reuters reported, citing an unidentified source familiar with the matter. Albemarle executive Eric Norris, who leads the mining company’s global lithium business, told investors at a private June dinner in Las Vegas that a successful Livent […]

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 Crude Inventories Post Bigger Weekly Increase Than Expected

US crude stockpiles jumped by more than expected in the week, government data showed, adding to pressures on futures of the commodity which spiraled lower in Wednesday’s session. West Texas Intermediate, the main US variety, was down 3.7% to $64.57 a barrel at the time of writing, erasing all of the gains it made in July. Brent, the international standard, […]

Wall Street Unnerved By Turkey

Stocks went back on the defensive and suffered outsized losses Wednesday when worries surrounding Turkey and its influence on emerging markets rattled global investors and drove the Dow Jones Industrial Average down by more than 300 points, its largest one-day loss in nearly two months. Investors ignored a rebound in the Turkish lira and bullish US economic data to focus […]

Canopy Growth Soars 29% as Constellation Brands Makes $3.8 Bln Strategic Investment in Company

Shares of Canopy Growth (CGC) surged by 29% intraday after the company and Constellation Brands (STZ) said Wednesday that they expanded their strategic partnership in a bid to position Canopy Growth as a global leader in cannabis production, branding, intellectual property and retailing. The alcoholic beverage company said that it will raise its ownership interest in Canopy Growth by acquiring […]

European Equity Benchmarks Close Sharply Lower; Mining, Automotive, Bank Stocks Saddle Markets

The broad-based major European indices closed lower in Wednesday trading as mining, automotive and bank stocks burdened the markets In economic news, the UK’s consumer prices index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.3% in July, unchanged from June 2018, while the consumer prices index (CPI) 12-month rate was 2.5% for the month, up from 2.4% […]

Sears Holdings Gets Offer From Lampert’s ESL Investments Valuing Kenmore at $400 Million

Sears Holdings Gets Offer From Lampert’s ESL Investments Valuing Kenmore at $400 Million

Sears Holdings (SHLD) received an offer for its Kenmore appliance brand and its home services division in a bid made by ESL Investments, the fund controlled by Sears Chief Executive Officer Edward Lampert. ESL is offering to buy Kenmore with an enterprise value of $400 million, and the home services branch known as SHIP for a cash-free, debt-free enterprise value […]

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 […]