by Market Updates and Alerts 390,000 JOBS WERE CREATED IN THE US ECONOMY, UP FROM THE PROJECTED 328,000; The US stock market has already gone from plus to minus this morning. One of the main reasons for the market slump is news that Tesla CEO Elon Musk said the leading electric car company needs to cut staff in the face of a dismal economic outlook, according to an email sent to executives and...
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by Market Updates and Alerts BRISTOL MYERS SQUIBB TO ACQUIRE TURNING POINT AT $76 SHARE Turning Point Therapeutics (NASDAQ: YPTX) was up 118.35% after announcing a merger agreement with Bristol Myers Squibb (NYSE: BMY). Bristol Myers Squibb will purchase Turning Point Therapeutics at $76 per share, according to the agreement terms. The Board of directors of both companies unanimously approved...
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FUTURES CONTRACTS TRY TO KEEP UP IN THE US, BUT STOCKS TUMBLE IN EUROPE IN THE FACE OF STRONG INFLATION AND IMPACT ON THE INDUSTRY Markets struggle to find direction. On the one hand, stocks at attractive prices encourage investors to buy. On the other hand, the signs that inflation remains firm and strong, could force central banks to adopt a more restrictive monetary policy, and add caution...
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EU CHOOSES SIGA’S TECOVIRIMA TO FIGHT MONKEYPOX SIGA Technologies Inc. (NASDAQ: SIGA) jumped 41.91% after the biotech announced on May 19, 2022, the approval its IV formulation of the TPOXX therapy for smallpox treatment. Another potential driver for the stock surge is the Monkeypox virus outbreak which is endemic to Africa and rare in other regions. The company and the US government...
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by Market Updates and Alerts SIGA RECEIVES FDA APPROVAL FOR IV TPOXX IN THE US Siga Technologies Inc. (NASDAQ: SIGA) was up 43.35% after announcing the FDA had approved its intravenous (IV) TPOXX formula for smallpox treatment. The formulation is a vital alternative for those that cannot ingest then oral TPOXX capsules. Oral TPOXX is currently authorized in Europe, the US, and Canada for...
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Major US futures started the day up more than 1%, while the European Stoxx 600 was up 1.5%; oil on the rise with prospects for increased demand US AND EUROPEAN MARKETS UP ON BACK OF ‘ECONOMY-BOOSTING’ INTEREST RATES IN CHINA Investors return to equities and lift both European markets and US index futures contracts. This time, China is helping to lift spirits up. Futures pegged to the...
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