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Perrigo Appoints Patrick Lockwood-Taylor As President And CEO
Pharma company Perrigo Company plc (PRGO) announced Thursday the appointment of industry professional Patrick Lockwood-Taylor as its new President, Chief Executive Officer and member of the Board of Directors, effective June 30, 2023.
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Rocket Pharma Says FDA Grants Fast Track And Orphan Drug Designations For RP-A601 Gene Therapy
Biotechnology company Rocket Pharmaceuticals, Inc. (RCKT) announced Thursday that the U.S. Food and Drug Administration (FDA) has granted Fast Track and Orphan Drug designations to RP-A601, the Company's gene therapy candidate for the treatment of plakophilin-2 related arrhythmogenic cardiomyopathy (PKP2-ACM).
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Designer Brands Slashes FY23 Outlook As Q1 Results Miss Estimates
Fashion retailer Designer Brands Inc. (DBI) reported on Thursday that net income attributable to the company for the first quarter more than halved to $11.42 million or $0.17 per share from $26.18 million or $0.34 per share in the prior-year quarter.
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Graham Guides FY24 Revenue Above Estimates - Update
While reporting financial results for the fourth quarter on Thursday, Graham Corp. (GHM) initiated its revenue guidance for the full-year 2024.
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CAC-40 Rises Amidst Cautious Optimism
The CAC-40 traded with mild gains on Thursday amidst hopes of a pause by the Federal Reserve and fears of a hawkish stance by the European Central Bank.
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European Shares Mixed Amid Rate-hike Concerns
European markets were trading mixed on Thursday amid investor concerns about rising interest rates and slowing economic growth after the Bank of Canada's unexpected rate hike, ahead of key monetary policy reviews next week. The pan European STOXX 600 was down 0.07 percent at 460.46 after slipping 0.19 percent on Wednesday.
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DAX Edges Higher Amidst Recession Worries
The DAX benchmark of the Frankfurt bourse edged higher on Thursday amidst renewed recession worries, after data showed the first quarter Euro Area GDP declining 0.1 percent.
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Asian Stocks Weighed Down By Rate Hike Fears
Asian markets finished trading on a mixed note amidst anxiety surrounding hawkish monetary policy and hopes of a stimulus in China. Concerns about rising interest rates and slowing economic growth dominated market sentiment.
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GameStop Names Ryan Cohen Exe. Chair, Fires CEO Matthew Furlong
GameStop Corp. Wednesday disclosed that its Board of Directors has elected Chairman Ryan Cohen as Executive Chairman, effective immediately. In a filing with the U.S. Securities and Exchange Commission, the video game retailer said its Board on June 5 terminated Matthew Furlong as President and Chief Executive Officer with immediate effect.
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Monetary Policy Anxiety Seen Weakening European Markets
Markets in Europe are expected to open on a weak note on Thursday ahead of key monetary policy reviews in the next week. Bank of Canada's unexpected rate hike on Wednesday reignited rate hike fears. Caution also prevails ahead of the CPI data due from the U.S. next week.
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European Economic News Preview: Eurozone GDP Data Due
Revised quarterly national accounts data from the euro area is due on Thursday, headlining a light day for the European economic news. At 1.30 am ET, France non-farm payroll data is due for the first quarter. At 2.30 am ET, the Hungarian Statistical Office publishes consumer prices and flash foreign trade data.
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Chinese Yuan Falls To Half-year Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Thursday amid concerns over slowing economic growth across the globe.
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Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Thursday, following the mostly negative cues from global markets overnight, as traders are nervous over the outlook for interest rates as the Bank of Canada once again raised interest rates after leaving rates unchanged for two straight meetings. Asian Markets closed mixed on Wednesday.
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