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U.S. Manufacturing Index Indicates Slightly Slower Contraction In December
A report released by the Institute for Supply Management showed U.S. manufacturing activity contracted at a slightly slower rate in the month of December. The ISM said its manufacturing PMI rose to 47.4 in December from 46.7 in November, but a reading below 50 still indicates contraction. Economists had expected the index to inch up to 47.1.
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U.S. Job Openings Edge Down From Upwardly Revised Level In November
The Labor Department released a report on Wednesday showing job openings in the U.S. edged down from an upwardly revised level in the month of November. The report said job openings dipped to 8.79 million in November from an upwardly revised 8.85 million in October.
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U.S. Dollar Advances As Yields Rise On Rate Uncertainty
The U.S. dollar firmed against its major counterparts in the New York session on Wednesday, amid fading optimism about early interest rate cuts by the Federal Reserve.
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Hyundai Motor America December Total Sales Up 4%
Hyundai Motor America reported Wednesday that it sold a total of 75,164 units in the month of December, up 4 percent from last year's 72,058 units, driven by best ever December total sales record in company history and for IONIQ 5, Santa Fe PHEV, Santa Fe HEV, Tucson, Tucson PHEV, and Palisade.
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UniFirst Backs FY24 Outlook; Q1 Results Top Estimates
While reporting financial results for the first quarter of fiscal 2024 on Wednesday, UniFirst Corp. (UNF) maintained its earnings and revenue guidance for the full-year 2024.
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Verrica Pharmaceuticals Announces Agreement With Walgreens To Distribute YCANTH
Dermatology therapeutics company Verrica Pharmaceuticals Inc. (VRCA) announced Wednesday the expansion of its distribution network by entering into an agreement with Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. (WBA), to distribute YCANTH through its specialty pharmacy.
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Esperion Therapeutics, Daiichi Sankyo Europe Ink $125 Mln Amendment To Their Collaboration
Esperion Therapeutics, Inc. (ESPR) and Daiichi Sankyo Europe GmbH or DSE, the European arm of Japanese pharmaceutical company Daiichi Sankyo Co., Ltd. (DSKYF.PK), announced Wednesday a $125 million amendment to their collaboration, which includes an amicable resolution to their commercial dispute and certain other adjustments to enhance the long-term value of their products.
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more news
German Unemployment Rises Less Than Expected
Germany's unemployment increased less than expected at the end of the year despite the economy undergoing a recession, official data revealed on Wednesday. Unemployment rose only 5,000 in December compared to an increase of 21,000 in November and 29,000 in October, the Federal Labor Agency reported.
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Euro Hits Fresh 2-week Low Against U.S. Dollar
The euro registered losses against the U.S. dollar during the European session on Wednesday, after a data showed that German unemployment rate increased slightly at the end of the year.
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UCB Announces Commercial Availability Of Zilbrysq In U.S. To Treat Generalized Myasthenia Gravis
Biopharmaceutical company UCB announced Wednesday that ZILBRYSQ (zilucoplan) is now available in the U.S. for the treatment of generalized myasthenia gravis (gMG) in adult patients who are anti-acetylcholine receptor (AChR) antibody positive.
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Dyne Therapeutics Announces Positive Initial Clinical Data From ACHIEVE And DELIVER Trials
Muscle disease company Dyne Therapeutics, Inc. (DYN) announced Wednesday positive initial clinical data from its ACHIEVE trial of DYNE-101 in patients with myotonic dystrophy type 1 (DM1) and its DELIVER trial of DYNE-251 in patients with Duchenne muscular dystrophy (DMD) who are amenable to exon 51 skipping.
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Sensex, Nifty Follow Global Peers Lower; Adani Group Stocks Jump After SC Verdict
Indian shares fell notably on Wednesday, even as Adani Group stocks rose sharply post the Supreme Court's dismissal of SIT investigations into allegations raised by Hindenburg Research.
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European Shares Subdued Ahead Of December Fed Minutes
European stocks were subdued on Wednesday as investors looked ahead to the release of Federal Reserve's December meeting minutes later in the day to gauge the rate hike trajectory. Upcoming German inflation and U.S. labor market data also remained on investors' radar.
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