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U.S. Construction Spending Climbs More Than Expected In May

A report released by the Commerce Department on Monday showed U.S. construction spending climbed by more than expected in the month of May, although the advance came following a notably downwardly revised increase in April.

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U.S. Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction In June

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of June, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI edged down to 46.0 in June from 46.9 in May, with a reading below 50 indicating contraction.

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Dollar Muted As Inflation Eases

The ECB Forum on Central Banking and the commentaries from major central banks set the tone for currency markets at the beginning of the week spanning June 26 - 30. Major central banks hinted at continuing the inflation combat and persisting with the rate hikes, causing currency markets to price in the forward guidance.

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UK Manufacturing Contracts Again As Uncertainty Weighs On Demand

Despite easing price and supply chain pressures, the UK manufacturing activity shrank further in June amid an uncertain outlook for both domestic and foreign orders, final survey results from S&P Global and the Chartered Institute of Procurement & Supply showed on Monday. The CIPS Purchasing Managers' Index, or PMI, for manufacturing declined to 46.5 in June from 47.1 in the previous month.

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Eurozone Manufacturing Sector Shrinks Most In More Than 3 Years

The downturn in the euro area manufacturing sector intensified in June with the sharp reductions in production and orders, reflecting the impact of monetary policy tightening in the private sector. The final HCOB manufacturing Purchasing Managers' Index, or PMI, declined to 43.4 in June from 44.8 in May, survey data from S&P Global showed Monday.

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Coherus Rolls Out YUSIMRY At $995 Per Carton In US

Coherus BioSciences, Inc. (CHRS) announced Monday that YUSIMRY (adalimumab-aqvh) is now available for commercial sale in the United States at a list price of $995 per carton for two 40 mg/0.8 mL autoinjectors.

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Tesla Vehicle Deliveries Surge; Stock Up In Premarket

Tesla Inc. said it produced nearly 480,000 vehicles and delivered over 466,000 vehicles in the second quarter, both significantly higher than the prior year. The growth reflects the automotive major's recent action to slash vehicle prices in its key markets to boost demand. In pre-market activity on Nasdaq, Tesla shares were gaining around 7 percent.

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Kraton Names Marcello Boldrini As New CEO

Kraton Corp. (KRA), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping by-products, announced Monday that Marcello Boldrini has been appointed CEO.

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Labcorp Completes Spin-off Of Fortrea

Laboratory services company Labcorp (LH) announced Monday that it has completed the spin-off of Fortrea, the newly formed independent Contract Research Organization providing Phase I-IV clinical trial management, patient access and technology solutions to pharmaceutical and biotechnology organizations around the world.

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