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Eli Lilly To Acquire DICE Therapeutics For $48/share All-cash Deal
Drug major Eli Lilly and Co. (LLY) and biopharmaceutical company DICE Therapeutics, Inc. (DICE) announced Tuesday a definitive agreement for Lilly to acquire DICE for $48 per share in cash or an aggregate of approximately $2.4 billion.
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vor 798 Tagen
Sensex, Nifty End Higher On Late Buying
Indian shares eked out modest gains on Tuesday despite mixed cues from global markets and weakness in rupee.
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vor 798 Tagen
China Lowers Loan Prime Rate
In a bid to support the struggling economy, the People's Bank of China lowered its benchmark rate on Tuesday after reducing other major policy rates earlier this month, while most of its global peers are still pursuing the tightening mode to keep a lid on inflation. The central bank cut its one-year loan prime rate, or LPR, to 3.55 percent from 3.65 percent.
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vor 798 Tagen
European Shares Decline As China Rate Cut Fails To Inspire
European stocks fell on Tuesday as modest cuts in China's loan prime rates failed to inspire investors.
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vor 798 Tagen
FTSE 100 Little Changed As Investors Await Inflation Data, BoE Decision
U.K. stocks were little changed in cautious trade on Tuesday ahead of key inflation data due on Wednesday and the Bank of England's interest-rate decision due on Thursday.
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vor 798 Tagen
CAC 40 Slips Ahead Of Powell Testimonies
French stocks edged lower on Tuesday in the absence of cues from U.S. markets, which were closed on Monday for a federal holiday.
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vor 798 Tagen
DAX Declines In Cautious Trade
German stocks declined on Tuesday due to lack of directional cues from Wall Street.
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vor 798 Tagen
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Asian Shares Mixed As China Growth Concerns Linger
Asian stocks ended mixed on Tuesday as China growth concerns persisted and investors waited for further direction from Federal Reserve Chair Jerome Powell who will testify before Congress on Wednesday.
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vor 798 Tagen
Commodity Currencies Fall As Asian Shares Traded Lower
Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as investors remained cautious after China's central bank did not introduce further stimulus as speculated to prop up its flagging economic recovery. Meanwhile, the central bank cut some of its key lending rates for the first time in 10 months.
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vor 798 Tagen
European Economic News Preview: Germany Producer Price Data Due
Producer prices from Germany and current account from the euro area are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for May. Economists forecast producer price inflation to ease to 1.7 percent from 4.1 percent in April.
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vor 798 Tagen
European Shares May Struggle For Direction At Open
European stocks may struggle for direction on Tuesday as investors await key speeches from Fed officials, Fed Chair Powell's congressional testimonies and the Bank of England's interest-rate decision due this week for clues on the monetary policy path ahead.
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vor 798 Tagen
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
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vor 798 Tagen
Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Tuesday.
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vor 798 Tagen
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