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Swiss Market Ends Modestly Lower
After a weak start, the Switzerland stock market briefly moved into positive territory Tuesday morning, but retreated and spent the rest of the day's session in the red to eventually close modestly lower.
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European Stocks Close Lower On Growth Worries
European stocks closed notably lower on Tuesday, weighed down by growth worries after data showed China's exports and imports both sank at their fastest pace sine the 2020 Covid-19 pandemic in July.
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U.S. Dollar Higher On China Concerns, Moody's Downgrades
The U.S. dollar advanced against its major opponents in the European session on Tuesday, as weaker-than-expected trade data from China and Moody's downgrade of the credit ratings of several small and midsized banks dampened risk sentiment.
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Eli Lilly Boosts Outlook As Q2 Results Top Estimates; Stock Up 11%
Drugmaker Eli Lilly and Co. reported Tuesday a profit for the second quarter that surged 85 percent from last year, reflecting strong Mounjaro sales and a solid performance from growth products. Both adjusted earnings per share and revenues topped analysts' expectations. The company also raised its adjusted earnings and revenue guidance for the full-year 2023.
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Macerich Trims FY23 Outlook; Q2 Results Top Estimates
While reporting financial results for the second quarter on Tuesday, REIT Macerich Co. (MAC) trimmed its outlook for the full year 2023.
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U.S. Trade Deficit Narrows In June Amid Slump In Imports
The Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed in the month of June.
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Bay Street Likely To Open With Negative Gap
Canadian shares look headed for a negative start on Tuesday, tracking weak European stocks and lower commodity prices amid worries about growth following highly disappointing Chinese trade data.
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Medical Properties Trust Q2 Earnings Top Estimates; Narrows FY23 NFFO Outlook Range
Medical Properties Trust, Inc. (MPW) reported Tuesday a second-quarter net loss attributable to stockholders of $42.04 million or $0.07 per share, compared to net income of $189.60 million or $0.32 per share in the prior-year quarter.
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Endo International Narrows FY23 Revenue Outlook Range - Update
While reporting financial results for the second quarter on Tuesday, specialty pharmaceutical company Endo International plc (ENDPQ.PK) narrowed its revenue guidance range for the full-year 2023.
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DISH, EchoStar To Combine In All-stock Deal
DISH Network Corp. (DISH) and EchoStar Corp. (SATS) announced Tuesday they have entered into a definitive agreement for DISH to combine with EchoStar in an all-stock merger at a fixed exchange ratio.
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TransDigm Group Boosts FY23 Outlook - Update
While reporting financial results for the third quarter on Tuesday, TransDigm Group Inc. (TDG) raised its earnings, adjusted earnings and net sales guidance for the full-year 2023, based on continued strong performance of the company.
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Australian, NZ Dollars Drop On Disappointing China Trade Data
The Australian and NZ dollars declined against their major counterparts on Tuesday, as softer-than-expected trade data from China fuelled concerns about the economic growth.
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CECO Environmental Boosts FY23 Revenue Outlook As Q2 Revenue Tops Estimates
CECO Environmental Corp. (CECO) reported Tuesday the net income attributable to CECO for the second quarter declined to $3.72 million or $0.11 per share from $4.39 million or $0.13 per share in the prior-year quarter.
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