Author: Bella Hayes
RAHWAY, N.J. – Merck (NS:) & Co., Inc. (NYSE: MRK), a global healthcare company, announced that the National Medical (TASE:) Products Administration (NMPA) of China has approved the use of GARDASIL® for males aged 9 to 26. This marks the vaccine as the first in China to prevent certain human papillomavirus (HPV)-related cancers and diseases in males. The vaccine is now authorized to prevent anal cancers caused by HPV Types 16 and 18, genital warts due to HPV Types 6 and 11, and various precancerous or dysplastic lesions associated with HPV Types 6, 11, 16, and 18. This expansion of…
Investing.com — Shares of Flutter Entertainment (NYSE:) (LON:) traded lower on Wednesday after the company downgraded its U.S. revenue and profit forecasts for 2024, citing an unprecedented string of favorable results for NFL bettors. The company, which owns FanDuel, reported that the current NFL season has been the most customer-friendly in nearly two decades, with a high rate of favorites winning games. “Any share price weakness following a short-term margin dip in this structurally improving margin environment would be a buying opportunity, in our view,” said analysts at Jefferies in a note. The online sports betting and iGaming company in…
Investing.com — Barclays (LON:) analysts in a note dated Wednesday have initiated coverage on Levi Strauss & Co (NYSE:). with an “overweight” rating, citing a combination of accelerating organic sales growth, operational improvements, and an attractive valuation as the basis for their outlook. As per Barclays, the company is positioned to see momentum in sales driven by recovery in the wholesale segment, expansion in women’s apparel and tops, and the continued evolution in denim styles. These trends are expected to contribute to Levi’s growth trajectory through 2025. The analysts noted that Levi Strauss is addressing key operational challenges and opportunities,…
FRANKFURT – Deutsche Lufthansa (ETR:) Aktiengesellschaft has initiated a pre-stabilization period as of today, with J.P. Morgan SE acting as the stabilization coordinator. The airline is offering a new series of subordinated obligations, which are expected to be admitted to the Official List of the Luxembourg Stock Exchange and to be traded on its regulated market. The securities are described as 30NC6 subordinated obligations, ranking pari passu among themselves, senior to all junior obligations but junior to senior obligations. The offer price and other terms have yet to be confirmed, with the aggregate nominal amount described as benchmark. The stabilization…
Investing.com — In an unexpected turn, German retail sales fell by 0.6% in real terms in November, despite anticipation of an increase from pre-Christmas promotions like Black Friday and Cyber Monday, according to data released by the federal statistics office. This decline contradicts analyst predictions of a 0.5% rise. In the larger picture, the retail sector in Germany is estimated to have generated 1.3% more sales in real terms in 2024 than in 2023, as reported by the statistics office. Real sales in 2024 are projected to be 2.6% higher than the pre-pandemic level of 2019. However, November also saw…
LONDON – J.P. Morgan SE announced on Wednesday that no stabilisation measures were executed in connection with Enel (BIT:) SpA’s recent securities offering. The offering involved two tranches of subordinated notes, with an aggregate nominal amount of 1 billion for each tranche, listed on Euronext (EPA:) Dublin. The securities in question were EUR Perpetual-Non-Call-5.25-year Fixed Rate Subordinated Notes and EUR Perpetual-Non-Call-8-year Fixed Rate Subordinated Notes. Despite the availability of stabilisation tactics, which are actions taken by underwriters to support the price of a security after its initial offering, the stabilisation manager, J.P. Morgan SE, along with other managers involved, did…
Investing.com – US stock futures inch up after a solid set of economic figures contributed to a slide in equities in the previous session. More data on Wednesday could give further insight into the state of the US labor market, while comments from Federal Reserve Governor Christopher Waller will be monitored by investors on the lookout for clues about the central bank’s monetary policy plans. Meanwhile, Exxon Mobil (NYSE:) warns that weaker oil refining profits will hit its fourth-quarter earnings and Samsung says it expects to post lower-than-anticipated quarterly income. 1. Futures higher US stock futures edged higher on Wednesday, suggesting…
LONDON (Reuters) – From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump’s promise to jack up tariffs when he becomes U.S. president in less than two weeks. Trump has pledged tariffs of as much as 10% on global imports and 60% on Chinese goods, plus a 25% import surcharge on Canadian and Mexican products, duties that trade experts say would upend trade flows, raise costs and draw retaliation. The scale and scope remains to be seen, but the road ahead is bumpy. Here’s a look at some markets in focus right now. 1/ FRAGILE:…
DUBLIN – Malin Corporation (OTC:) plc ( Euronext (EPA:) Growth Dublin:MLC), an investor in life sciences companies, announced today that Roche Holdings, Inc.’s subsidiary Blue Giant Acquisition Corp. has successfully completed a tender offer for all outstanding shares of Poseida Therapeutics, Inc. (NASDAQ:PSTX). Roche’s offer included $9.00 per share in cash and a contingent value right (CVR) for additional payments up to $4.00 per share, contingent on achieving certain milestones. The tender offer, which expired just after midnight on January 7, 2025, will not be extended. Roche plans to finalize Poseida’s acquisition later today through a merger, turning Poseida into…
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks fell on Wednesday, with a robust keeping the yen, yuan and the euro pinned near multi-month lows as traders wagered the Fed will likely be slow in cutting rates after data showed the U.S. economy remained stable. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5%, with down 0.1%. On Wall Street, all three main indexes finished lower as the data stoked worries of a rebound in inflation. [.N] The downbeat mood is set to continue in Europe, with Eurostoxx 50 futures down 0.3% and German 0.18% softer. Rising bond yields will likely…
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