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U.S. Dollar Starts New Year On Upbeat Note
Following a disappointing final month of 2023, the value of the U.S. dollar showed a strong move to the upside to start the new year. The advance by the dollar may reflect its appeal a safe haven, as Middle East tensions escalated after U.S. helicopters repelled an attack on Sunday by Iran-backed Houthi militants on a Maersk container vessel in the Red Sea.
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European Markets Finish Mixed And Little Changed
The major European markets were unable to hold onto early gains on Tuesday, giving ground as the day progressed to finish mixed and fairly flat.
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U.S. Construction Spending Climbs Slightly Less Than Expected In November
A report released by the Commerce Department on Tuesday showed construction spending in the U.S. rose by slightly less than expected in November, although the report also showed a significant upward revision to the increase in spending in October.
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Allorion Therapeutic Inks Agreement With AstraZeneca For EGFR L858R Allosteric Inhibitor Program
Allorion Therapeutics, a US and China-based biotechnology company, on Tuesday entered into an exclusive option and global license agreement with British drug major AstraZeneca plc (AZN) to develop and commercialize a novel epidermal growth factor receptor (EGFR) L858R mutated allosteric inhibitor, as a potential new treatment for advanced EGFR-mutant non-small cell lung cancer (NSCLC).
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Pound Drops As U.K. Manufacturing Downturn Intensifies
The pound weakened against its major counterparts in the European session on Tuesday, as the nation's manufacturing activity contracted at a faster pace in December as output fell sharply amid weaker demand conditions both domestically and internationally.
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Biora Therapeutics Says BioJet Systemic Oral Delivery Platform Met Key Performance Milestones
Biotech company Biora Therapeutics, Inc. (BIOR) announced Tuesday that its BioJet Systemic Oral Delivery Platform has met key performance milestones as part of its research collaboration with British drug major AstraZeneca plc (AZN.L, AZN).
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Comfort Systems USA To Acquire Summit Industrial Construction For Undisclosed Terms
Comfort Systems USA, Inc. (FIX) announced Tuesday that it has entered into a definitive agreement to acquire Houston, Texas-based Summit Industrial Construction, LLC. The transaction is currently expected to close in the first quarter of 2024.
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Alimera Sciences Names Elliot Maltz To Succeed Russell Skibsted As CFO
Pharmaceutical company Alimera Sciences, Inc. (ALIM) announced Tuesday that Elliot Maltz has been named Chief Financial Officer effective immediately.
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H World Group Names Jun Zou To Succeed Jihong He As New CFO
Hotel operator H World Group Ltd. (HTHT) announced that Jihong He will step down as the chief financial officer of the Company and serve as the chief strategy officer of the Company, effective from January 2, 2024.
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Theratechnologies Files SBLA For Trogarzo Intramuscular Method Of Administration With FDA
Biopharmaceutical company Theratechnologies Inc. (THTX, TH.TO) announced Tuesday the filing of a supplemental Biologics License Application (sBLA) for an intramuscular (IM) method of administration for the maintenance dose of Trogarzo (ibalizumab-uiyk) to the U.S. Food and Drug Administration (FDA) for review.
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Dollar Extends Losses In The Last Week Of The Year
The Dollar's decline continued in the last week of 2023 amidst rate cut bets that were reinforced with the better-than-expected PCE-based inflation readings.
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UK Manufacturing Moves Deep Into Contraction
The UK manufacturing sector contracted further in December with an accelerated downturn in output as tough domestic and global market conditions damped demand and expectations dipped to a one-year low, survey results from S&P Global revealed Tuesday. The Chartered Institute of Procurement & Supply final Manufacturing Purchasing Managers' Index, or PMI, dropped to 46.2 in December from a seven-mo
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Hydro One Says Chris Lopez To Step Down As EVP, CFO And Regulatory Officer On June 30
Hydro One Ltd. (H.TO) announced Tuesday that Chris Lopez intends to step down as Executive Vice President and Chief Financial and Regulatory Officer, to pursue other opportunities as of June 30, 2024. He joined the company in 2016.
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