Seelos Therapeutics Appoints Richard Pascoe As Chairman Of The Board
(RTTNews) - Biopharmaceutical company Seelos Therapeutics, Inc. (SEEL) announced Monday the appointment of Richard Pascoe as Chairman of the Board of Directors of Seelos to lead the ongoing strategic process and business development discussions and negotiations.
Pascoe has served as member of the Seelos board since 2019.
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Seelos Therapeutics Says Received Minutes From End Of Phase II Meeting With FDA
Biopharmaceutical company Seelos Therapeutics, Inc. (SEEL) announced Monday the receipt of minutes from its End of Phase II Meeting with the U.S. Food and Drug Administration or FDA that highlights the modifications to the primary and secondary endpoints of its Phase II Study of SLS-002.
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U.S. Services Index Jumps To Nine-Month In May
Service sector activity in the U.S. returned to growth in the month of May after contracting in April for the first time since December 2022, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI jumped to 53.8 in May from 49.4 in April, with a reading above 50 indicating growth in the sector.
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UK Service Sector Growth Moderates In May
The UK service sector growth moderated in May as growth momentum in business activity and new orders softened from their 11-month highs reported in April, final survey data from S&P Global showed on Wednesday. The S&P Global services Purchasing Managers' Index dropped to 52.9 in May, in line with the flash estimate, from April's 11-month high of 55.0.
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Bank Of Canada Lowers Interest Rates By A Quarter Point As Widely Expected
Citing continued evidence that underlying inflation is easing, the Bank of Canada on Wednesday announced it has decided to lower interest rates by 25 basis points. The Bank of Canada reduced its target for the overnight rate to 4.75 percent, with the bank rate at 5.0 percent and the deposit rate at 4.75 percent.
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Archer Air Receives FAA Certification To Begin Operating Commercial Airline
Archer Aviation Inc. (ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced Wednesday that its subsidiary, Archer Air, has received its Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration (FAA).
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U.S. Mortgage Applications Tumble For Second Straight Week
Mortgage applications in the U.S. tumbled for the second consecutive week in the week ended May 31st, according to a report released by the Mortgage Bankers Association on Wednesday.
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Eurozone Private Sector Logs Fastest Growth In A Year
Eurozone private sector posted the fastest growth in a year in May as strong demand boosted production and hiring amid cooling inflation, the final Purchasing Managers' survey data compiled by S&P Global showed on Wednesday. The HCOB composite output index posted 52.2 in May, up from 51.7 in the previous month. The flash reading was 52.3.
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U.S. Private Sector Job Growth Slows More Than Expected In May
A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May. ADP said private sector employment climbed by 152,000 jobs in May after jumping by a downwardly revised 188,000 jobs in April.
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