Moving new medicines to the market can sometimes make biopharmaceutical companies tons of returns. Biogen (NASDAQ: BIIB) just scored a major new drug approval for an Alzheimer's disease therapy, so investors are understandably rushing to evaluate whether to buy the stock. One key factor that could drive Biogen's outperformance in the next few years is the launch of a new neurology medicine.
Mideast fears and surging yields triggered another ugly market reversal. Nvidia and Microsoft fell while Tesla dived.
Japanese government bond (JGB) yields rose on Tuesday, with the two-year yield reaching the highest since 2009, tracking U.S. peers after robust retail sales figures reinforced the view that the Federal Reserve won't hurry to cut interest rates this year. The two-year JGB yield added 0.5 basis point (bp) to 0.275% as of 0420 GMT, the highest in 14-and-1/2 years. Futures markets are now pricing in 41 basis points in Fed rate cuts by the end of December, down from more than 160 basis points in expected cuts at the start of the year.
A 16-year-old boy is under arrest after a bishop and several churchgoers were injured on Monday.
With news that the Blue Team have already left the gruelling renovation show, Channel Nine has swung into action to replace them.
Authorities have also warned of landslides and flash floods in the coming days.
Simeon Boikov sparked a social media frenzy implicating an innocent 20-year-old in the shopping mall attack.
"I've made a choice for several reasons to opt out of watching that imagery. I know a lot of the details, I know a lot of the folks involved," Romano said
Estimates that Swiss bank UBS will require another $15 billion to $25 billion in capital under government proposals aimed at making the banking sector more robust are about right, Switzerland's finance minister was quoted as saying on Tuesday. "That's right, those orders of magnitude are plausible," Swiss Finance Minister Karin Keller-Sutter told the Tages-Anzeiger newspaper. Keller-Sutter was speaking after the Swiss government last week set out proposals to tighten regulation for banks deemed "too big to fail", particularly UBS, which said the lender would face more stringent capital requirements in future.
Warren Foegele scored twice and Adam Henrique and Dylan Holloway each had a goal and two assists as the Edmonton Oilers beat the San Jose Sharks 9-2 Monday night. Connor McDavid had a goal and added his 100th assist of the season, becoming just the fourth player in NHL history to hit the milestone behind Wayne Gretzky (11 times), Mario Lemieux and Bobby Orr.
Water levels in rivers in swathes of Russia's Ural and southwestern Siberian regions continued to rise rapidly, officials said on Tuesday, flooding hundreds of houses, cutting off power and forcing urgent evacuations of residents. More than 300 houses and nearly 700 residential plots have been flooded in Russia's Kurgan region straddling the Tobol River near the border with Kazakhstan, Russia's emergency ministry said on Tuesday. "The water level in the Tobol River is rising rapidly," the ministry said on the Telegram messaging app.
Former Australian test cricketer Michael Slater has been remanded in custody while awaiting trial on 19 charges relating to domestic violence, stalking and breaches of bail. The 54-year-old Slater was refused bail Tuesday when he appeared in Maroochydore Magistrates Court, about an hour north of Brisbane in Queensland state, charged with unlawful stalking or intimidation, breaking into a dwelling with intent at night, common assault, assault occasioning bodily harm and choking or suffocation. Slater made his debut for Australia in 1993 and played 73 test matches, scoring 5,312 runs at an average of almost 43.
G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses. Under the partnership, G42 will use Microsoft's cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government, the newspaper said. G42 will also be able to sell Microsoft services that use powerful AI chips, the report added.
The Prime Minister has told "Bollard Man" Damien Guerot he can stay in the country as long as he likes.
Jorge Polanco and Mitch Haniger homered, and Seattle’s slumping offense produced a season high in runs as the Mariners beat the Cincinnati Reds 9-3 Monday night. The Mariners had their highest scoring game since August 26, 2023, when they scored 13 times against the Kansas City Royals. Seattle entered Monday’s game batting .204.
Kyle Sandilands has hit out at the NSW government following two stabbing incidents in Sydney within days of each other. Read more.
Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New York Times reported on Tuesday. G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses. Under the partnership, G42 will use Microsoft's cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government, the newspaper said.
The volatile ride of the yuan in morning deals comes as the central bank set the guidance on the weaker side of the key 7.1 per dollar for the first time in over three weeks, with market participants interpreting it as a sign of loosening grip on the currency. Markets have been closely monitoring the daily yuan fixing in recent months for possible changes in foreign exchange policy and official stance. Prior to market opening, the PBOC set the midpoint rate , around which the yuan is allowed to trade in a 2% band, at a five-month low of 7.1028 per dollar, weaker than the previous fix of 7.0979.
UK labour and wage data will likely hog the spotlight as traders parse through the reports to gauge when the Bank of England will start its rate cutting cycle. The Federal Reserve on the other hand is likely to be in no rush to start its easing cycle after March retail sales came in higher than expected, the latest evidence of a resilient U.S. economy. Comments from Fed officials have also led traders to dial back their expectations with San Francisco Federal Reserve Bank President Mary Daly the latest to suggest the Fed is in no hurry to cut rates.
UK labour and wage data will likely hog the spotlight as traders parse through the reports to gauge when the Bank of England will start its rate cutting cycle. The Federal Reserve on the other hand is likely to be in no rush to start its easing cycle after March retail sales came in higher than expected, the latest evidence of a resilient U.S. economy. Comments from Fed officials have also led traders to dial back their expectations with San Francisco Federal Reserve Bank President Mary Daly the latest to suggest the Fed is in no hurry to cut rates.
VANCOUVER, British Columbia, April 16, 2024 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSXV: ULT OTCQB: ULTXF Frankfurt: QFB) (“Ultra Lithium” or the “Company”) is providing this bi-weekly default status report in accordance with National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). On March 4, 2024, the Company announced that effective February 29, 2024 it has been granted a voluntary management cease trade order in accordance with NP 12-203 due to it not being able to file its annua
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