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Nov 14, 2024
Merck signs up to $3.3 billion cancer drug deal with China-based LaNova
By Leroy Leo (Reuters) -Merck has licensed an early-stage cancer drug from a China-based biotech in an up to $3.3 billion deal, two months after a similar therapy from Summit...
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Nov 14, 2024
ASML CEO says AI boom benefits the company
AMSTERDAM (Reuters) - ASML (AS:ASML) CEO Christophe Fouquet said on Thursday the ongoing boom in AI computer chips would help ASML by increasing the relative share of advanced...
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Nov 14, 2024
Insider Activity Spotlight: Wednesday's Top Buys and Sells Revealed
This article summarizes the most significant insider buys and sells for US stocks from Wednesday, November 13, 2024. Top Insider Buys: • Oscar Health Inc. (NYSE:OSCR) saw...
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Nov 14, 2024
How far is the S&P 500 from fundamental fair value?
The S&P 500 is hovering near what strategists at Sevens Report suggest could be its "fundamental fair value," the daily financial newsletter said in its Thursday...
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Nov 14, 2024
UK markets watchdog softens naming and shaming plan
By Kirstin Ridley LONDON (Reuters) - Britain's Financial Conduct Authority (FCA) on Wednesday softened proposals to publicly name some companies under investigation after a...
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Nov 14, 2024
K+S cuts 2024 outlook, faces headwinds
K+S Group (ETR:SDFGn) on Thursday adjusted its financial guidance to the lower end of expectations, signaling a less optimistic outlook for 2024.  The company's...
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Nov 14, 2024
ESS Tech tumbles 19% on disappointing results, analyst downgrades
Shares in ESS Tech Inc (NYSE:GWH) tumbled nearly 19% in premarket trading Thursday after the energy storage solutions provider reported much worse-than-expected results for the...
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Nov 14, 2024
Amazon's new Haul app to mitigate headwinds from Shein and Temu: BofA
 Bank of America analysts view Amazon’s recent beta launch of its “Haul” storefront as a strategic move to counter rising competition from fast-fashion giants Shein...
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Nov 14, 2024
Swiss Re Q3 earnings meet expectations, P&C Re under pressure
Swiss Re (SIX:SRENH) on Thursday reported a net income of $102 million for the third quarter, aligning with its pre-announcement.  This brings the year-to-date...
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Nov 14, 2024
"Strong case" for re-valuation higher of life insurance sector: Evercore ISI
- A "strong case" can be made for a re-valuation higher of the life insurance sector, according to analysts at Evercore ISI. In a note to clients, the analysts led by...
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