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European Markets Positive On Improved Sentiments
European stock markets are higher on Monday ahead of the crucial inflation data from the U.S. and improved global market sentiments. Asian market finished higher on the day. The U.K.'s FTSE 100 Index gaining 1.41 percent to 7,454.64, France's CAC 40 index is up 1.45 percent to 6,302.34, and German DAX is progressing 235.27 points or 1.8 percent to 13,323.48. The pan European Stoxx 600 is climbi
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AmerisourceBergen To Buy Germany's PharmaLex Holding For EUR 1.28 Bln In Cash
AmerisourceBergen Corp. (ABC) announced Monday that it has signed a definitive agreement to acquire Germany's PharmaLex Holding GmbH, a leading provider of specialized services for the life sciences industry, from funds advised by AUCTUS Capital Partners AG for 1.28 billion euros in cash, subject to certain customary adjustments.
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Horizon Says Phase 2 Trial Of Dazodalibep To Treat Sjögren's Syndrome Met Primary Endpoint
Horizon Therapeutics plc (HZNP) announced Monday that its Phase 2 trial evaluating dazodalibep for the treatment of Sjögren's syndrome met the primary endpoint in patients with moderate-to-high systemic disease activity. Sjögren's syndrome is a disease with no FDA-approved treatments available.
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Target Says FAO Schwarz Toys To Be Available Only At Target Stores, Target.com And FAO Stores
Target Corp. (TGT) announced Monday an exclusive multiyear agreement with iconic toy brand FAO Schwarz to ignite even more magic and inspiration across Target's unrivaled toy assortment.
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FTSE-100 Trading More Than A Percent Higher
Stocks in the FTSE-100 benchmark of the London Stock Exchange are trading more than 1 percent higher amidst a worldwide positive sentiment driven by the expected fall in the U.S. CPI and hopes of softer central bank intervention.
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CAC-40 Gains As Sentiment Improves Globally
CAC-40 is trading more than a percent higher than the levels on Friday as sentiment improved globally amidst strong expectations that the expected dip in Consumer Price inflation in the U.S. would goad the Fed into a more dovish monetary policy stance.
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Bay Street Likely To Open Higher
Canadian shares are likely to open on a positive note on Monday, tracking European markets and higher commodity prices.
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UK Economy Expands In July
The UK economy expanded in July underpinned by the rebound in the services, particularly consumer-facing services, data published by the Office for National Statistics showed Monday. Gross domestic product grew 0.2 percent on a monthly basis in July, in contrast to a fall of 0.6 percent in June.
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Sensex, Nifty Close Higher For 3rd Straight Session
After holding firm right through the day's session, Indian stocks ended moderately higher on Monday, extending gains to a third straight session, on positive global cues.
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GE Targets GE HealthCare Spin-off Date In The First Week Of January 2023
General Electric Co. (GE) announced Monday the first Board of Directors for GE HealthCare, the planned independent company that will be created following its spin-off from GE. The company also announced that it is targeting a spin-off date in the first week of January 2023, subject to final approval from the GE Board of Directors and other customary conditions.
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Hersha Hospitality To Sell Two Of Its West Coast Properties For $125 Mln
Hersha Hospitality Trust (HT), owner of luxury and lifestyle hotels in coastal gateway and resort markets, announced Monday that it has entered into definitive agreements to sell two of its West Coast properties for gross proceeds of $125 million, or approximately $455,000 per key.
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DAX Rallies As Global Market Sentiment Improves
The German stock market benchmark DAX gained more than 1 percent amidst a positive market sentiment worldwide, triggered by rising expectations of a fall in the U.S. CPI readings, due Tuesday.
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Asian Stocks Higher Amidst Positive Global Sentiment
Asian stocks finished mostly higher, led by gains in technology and mining, amidst a positive global market sentiment ahead of the crucial inflation data from the U.S. on Tuesday.
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