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U.S. New Home Sales Pull Back More Than Expected In October

The Commerce Department released a report on Monday showing new home sales in U.S. pulled back sharply in the month of October after soaring in September. The report said new home sales plunged by 5.6 percent to an annual rate of 679,000 in October after spiking by 8.6 percent to a downwardly revised rate of 719,000 in September.
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Bay Street Likely To Open On Cautious Note

Bay Street Likely To Open On Cautious Note

Canadian shares are likely to open on a cautious note on Monday with investors awaiting a slew of key economic data from Canada and the U.S. Concerns about economic slowdown in China and weak crude oil prices are likely to weigh on the market.
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U.S. Dollar Dips Ahead Of Key Data

U.S. Dollar Dips Ahead Of Key Data

The U.S. dollar weakened against its major counterparts in the European session on Monday on bets that the Federal Reserve is done hiking interest rates.
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Krystal Biotech Says EMA Validated MAA For VYJUVEK For Dystrophic Epidermolysis Bullosa

Krystal Biotech Says EMA Validated MAA For VYJUVEK For Dystrophic Epidermolysis Bullosa

Biotechnology company Krystal Biotech, Inc. (KRYS) announced Monday that the Company's Marketing Authorization Application (MAA) to the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) for VYJUVEK (beremagene geperpavec-svdt or B-VEC) for the treatment of dystrophic epidermolysis bullosa (DEB) has been validated and is now under CHMP review. A CHMP opinion is anticipated in the second half of 2024.
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Genelux Says FDA Grants Fast Track Designation For Olvi-Vec To Treat Ovarian Cancer

Genelux Says FDA Grants Fast Track Designation For Olvi-Vec To Treat Ovarian Cancer

Immuno-oncology company Genelux Corp. (GNLX) announced Monday that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for the development program of Olvi-Vec (olvimulogene nanivacirepvec) for the treatment of patients with platinum resistant/refractory ovarian cancer.
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U.S. Black Friday Retail Sales Rise 2.5%

U.S. Black Friday Retail Sales Rise 2.5%

Black Friday retail sales in the United States were higher this year on top of double-digit growth experienced in 2022, according to Mastercard SpendingPulse. As per the payments technology company's report, which measures in-store and online retail sales across all forms of payment, U.S. retail sales on Friday, November 24 grew 2.5 percent year-over-year excluding automotive, not adjusted for in
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