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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CREDIT ACCEPTANCE RELEASES Q1 2022 RESULTS Credit Acceptance Corporation (NASDAQ: CACC) jumped 20.16% after reporting a consolidated net income of $214.3 million or $14.94 per diluted share for Q1 2022. A year ago, the company’s consolidated net income was $202.1 million or $11.82 per diluted share. Adjusted net income during the quarter was $197.3 million or $13.76 per diluted share versus...
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US INDEX FUTURES ARE IN THE RED, ALBEIT WITH LESS PRONOUNCED CHANGES THAN YESTERDAY; EUROPEAN STOXX 600 DROP IS AROUND 1.50% The markets, which yesterday had what was a reality shock for many, followed their course of losses in the early morning trades, although much more moderate, in the case of the United States. Both US and European index futures are in the red. US 10-year Treasuries rose...
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