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Bay Street Likely To Open On Mixed Note

Canadian shares are likely to see a mixed start on Thursday with investors reacting to earnings updates from major banks, and upbeat results from U.S. chipmaker Nvidia.

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Akebia Therapeutics Expects To Resubmit NDA For Vadadustat NDA In Q3

Biopharmaceutical company Akebia Therapeutics, Inc. (AKBA) announced Thursday that the company expects to resubmit its New Drug Application (NDA) for vadadustat as a treatment for anemia due to chronic kidney disease in adult patients on dialysis by the end of the third quarter of 2023.

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Indonesia Central Bank Keeps Rate Unchanged

Indonesia's central bank kept the key interest rate unchanged for the seventh straight session as inflation is expected to remain within the target in the near-term. The Board of Governors of Bank Indonesia, led by Governor Perry Warjiyo, voted to hold the seven-day reverse repo rate at 5.75 percent.

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Cigna Removes Addl 600+ Medical Services From Prior Authorization

Cigna Group's Cigna Healthcare said it has removed nearly 25 percent of medical services from prior authorization or precertification requirements. With the move, the health benefits provider aims to simplify the health care experience for both customers and clinicians. The company will also remove prior authorization for nearly 500 additional codes for Medicare Advantage plans later this year.

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Hain Celestial Appoints Lee Boyce To Succeed Chris Bellairs As CFO

Hain Celestial Group (HAIN) announced Thursday that it has appointed Lee Boyce as the new Chief Financial Officer, effective September 5, 2023. Boyce will succeed Hain's current Chief Financial Officer, Chris Bellairs, who will remain with the company through a transition and will participate in Hain's upcoming Investor Day event in New York City on September 13.

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Movado Group Q2 Net Profit Declines; Trims FY23 Net Sales Outlook

Luxury watch maker Movado Group, Inc. (MOV) reported Thursday that net income attributable to Movado for the second quarter declined to $8.05 billion or $0.36 per share from $24.0 million or $1.05 per share in the prior-year quarter.

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Sensex, Nifty Reverse Early Gains

Indian shares gave up early gains to end slightly lower on Thursday in spite of positive cues from global markets, following blockbuster earnings from tech darling Nvidia.

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European Shares Gain On Rate Pause Hopes

European stocks advanced on Thursday as bond yields retreated globally amid hopes that interest rates may have peaked.

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FTSE 100 Rises On Buzz Rates May Have Peaked

U.K. stocks traded higher on Thursday to hover near one-week high as bond yields pulled back on expectations that interest rates may have peaked.

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French Manufacturing Sentiment Weakest Since Early 2021

France's manufacturing confidence deteriorated to the lowest since early 2021 on weak assessment of order books and past production, monthly survey results published by the statistical office INSEE showed on Thursday. The manufacturing sentiment index slid to 96 in August from 101 in July. This was the lowest reading since January 2021 and also below economists' forecast of 99.

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