18 May

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Apellis Surges On FDA OK For Hemoglobin Therapy By Investing.com

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By Dhirendra Tripathi Investing.com – Apellis Pharmaceuticals (NASDAQ:APLS) shares surged nearly 20% Monday after the U.S. Food and Drugs Administration gave its approval Friday for its therapy that increases hemoglobin in patients and reduces the need for blood transfusion. The company claims that the therapy, Empaveli, is the first and only targeted C3 therapy for the treatment of adults with paroxysmal nocturnal hemoglobinuria. C3 is a protein that contributes to immunity and triggers a response in the body when it is attacked by foreign elements or pathogens like virus and bacteria. Empaveli is approved for...

18 May

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European stocks end flat between Asia worries, British re-opening cheer By Reuters

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By Shashank Nayar and Sruthi Shankar (Reuters) -European stocks ended flat on Monday as underwhelming Chinese data and caution over the spread of a COVID-19 variant outweighed optimism on the reopening of the British economy, while Sweden's Kinnevik surged and was the top performer. The pan-European STOXX 600 index ended flat with travel and leisure stocks being the top losers, down 2.3%, while telecommunication stocks jumped the most, led by gains in Spanish telecom firm Telefonica (MC:TEF) Dampening sentiment was data showing that China's factories slowed their output growth in April and retail...

18 May

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Amazon in talks to buy MGM movie studio – The Information By Reuters

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(Reuters) - Amazon.com Inc (NASDAQ:AMZN) is in talks to acquire the iconic U.S. movie studio MGM, The Information reported on Monday, citing a person familiar with the matter. The status of Amazon's discussions with MGM is unclear and it is possible no deal may result, the report said. The movie studio behind the "James Bond" franchise, also owns the Epix cable channel and makes TV shows, including popular shows like The Handmaid's Tale, Fargo, Vikings and Shark Tank. Amazon declined to comment on the report, saying it "doesn't comment on rumors or speculation". In...

18 May

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Walmart Profits, Home Depot Sales, Macy’s Outlook: 3 Things to Watch By Investing.com

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By Liz Moyer Investing.com -- Stocks wobbled on Monday as good news on vaccine rollouts and reopenings across the U.S. blunted concerns about interest rates. Energy stocks helped the Dow Jones Industrial Average overcome losses on the tech side, while oil prices climbed even after the Colonial Pipeline said it was back online. This is a big week for retail earnings, with Walmart Inc (NYSE:WMT) kicking things off. President Joe Biden announced the U.S. would ship 80 million doses of Covid-19 vaccine abroad, including 60 million doses of AstraZeneca PLC (LON:AZN)’s vaccine that still awaits approval. Some...

18 May

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UK ministers considering contingency plans for local lockdowns – the Times By Reuters

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(Reuters) - British ministers are considering contingency plans for local lockdowns or a delay to reopening after June 21 in response to concern about the spread of the coronavirus variant first detected in India, The Times newspaper reported on Monday. Officials have drawn up plans modelled on the Tier 4 restrictions introduced last year, the paper said. People would be advised to stay at home and non-essential shops and hospitality would be closed if the variant was not brought under control, it added. The newspaper said businesses in areas subject to the restrictions would receive...

18 May

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EU eyes another go at more unified European business taxation By Reuters

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By Jan Strupczewski BRUSSELS (Reuters) - The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the past, will stand a better chance if they follow global OECD solutions expected this year. The Commission will present a plan on Tuesday including this proposal and other measures for adjusting the EU's business taxation to make it more up to date with the modern world, where cross-border business, often carried out via the Internet, is commonplace. The Organisation...

18 May

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Fisker Delivers Wider Q1 Losses; Lifts Annual Guidance on Spending By Investing.com

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By Yasin Ebrahim Fisker reported Monday a wider-than-expected first-quarter loss and raised its outlook on full-year spending as the electric automaker looks to ramp-up the pace of research and development. Fisker (NYSE:FSR) was down 2% in aftermarket action. Fisker reported a Q1 loss of $0.63 a share, missing estimates for a loss of $0.19 a share. The company said the majority of materials for its electric SUV, the Ocean, was now sourced, "improving cost visibility across the entire model range at targets previously communicated." Reservations total more than 16,000 as of May 17, with more than...

18 May

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Canada ‘very concerned’ about Kyrgyzstan takeover of Centerra gold mine By Reuters

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(Reuters) - Canada on Monday said it was "very concerned" by Kyrgyzstan's move to impose external management on Centerra Gold's Kumtor Gold Company and warned it could have far-reaching consequences on foreign investment in the country. On Sunday, Centerra said it had initiated binding arbitration against the Kyrgyzstan government, after the parliament passed a law allowing the state to temporarily take over the company's Kumtor gold mine, the country's biggest industrial enterprise. Recently, a Kyrgyzstan court also imposed $3.1 billion fine on Kumtor Gold Company (KGC), which operates the gold mine, after ruling that the firm...

18 May

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Chile begins down uncertain road to writing new constitution By Reuters

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By Dave Sherwood and Fabian Cambero SANTIAGO (Reuters) - Chile's long-standing political parties were reeling on Monday following their bruising defeat in an election for delegates to rewrite the constitution that sowed doubts over their future as well as the fate of the country's free-market model. The ruling center-right coalition failed during the weekend vote to pick up the one-third of seats necessary to block radical changes during the convention. And the center-left - which has dominated politics since Chile's return to democracy in 1990 - garnered less support than leftists who have been pushing for...

17 May

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Sudan clears final hurdle for debt relief at Paris conference By Reuters

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By John Irish PARIS (Reuters) - International Monetary Fund member countries have agreed to clear Sudan's arrears to the institution, France's president said on Monday, removing the final hurdle to the African nation getting wider relief on its external debt of at least $50 billion. France will provide Sudan with a $1.5 billion bridge loan to facilitate the clearance, Emmanuel Macron said, at a summit in Paris to promote debt relief and investment in the African country, adding that his country was in favor of a full clearance of the $5 billion it is owed by...

Меню

Apellis Surges On FDA OK For Hemoglobin Therapy By Investing.com

European stocks end flat between Asia worries, British re-opening cheer By Reuters

Amazon in talks to buy MGM movie studio – The Information By Reuters

Walmart Profits, Home Depot Sales, Macy’s Outlook: 3 Things to Watch By Investing.com

UK ministers considering contingency plans for local lockdowns – the Times By Reuters

EU eyes another go at more unified European business taxation By Reuters

Fisker Delivers Wider Q1 Losses; Lifts Annual Guidance on Spending By Investing.com

Canada ‘very concerned’ about Kyrgyzstan takeover of Centerra gold mine By Reuters

Chile begins down uncertain road to writing new constitution By Reuters

Sudan clears final hurdle for debt relief at Paris conference By Reuters

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