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Rivian Produces 9,395 Vehicles In Normal, Illinois Facility In Q1; Delivers 7,946 Vehicles
Rivian Automotive, Inc. (RIVN) announced Monday that it produced a total of 9,395 vehicles at its manufacturing facility in Normal, Illinois in the first quarter and delivered 7,946 vehicles during the same period.
The company said these figures remain in line with its expectations, and it believes it is on track to deliver on the 50,000 annual production guidance previously provided.
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Euro, Pound Climb On Soaring Oil Prices
The euro and the pound appreciated against their major counterparts in the European session on Monday, as a surprise decision by major oil producers to cut oil production sparked a rally in oil prices.
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UK Manufacturing Activity Sinks Deeper Into Contraction Zone
The UK manufacturing sector shrank at a faster pace in March as the strong improvement in supplier delivery times was more than offset by deteriorating new orders and production, final survey results from S&P Global revealed Monday. The Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index, or PMI, fell to 47.9 in March from February's seven-month high of 49.3.
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Eurozone Manufacturing Activity Downturn Deepens In March
Eurozone manufacturing activity contracted further in March as the rising cost of living and tighter monetary policy took its toll on demand but record improvement in suppliers' delivery times supported production, final data from S&P Global showed on Monday. The manufacturing Purchasing Managers' Index, or PMI, fell to a four-month low of 47.3 in March from 48.5 in February. Nonetheless, the sc
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PPG Boosts Q1 Adj. EPS Outlook
PPG Industries Inc. (PPG) announced Monday that first quarter 2023 adjusted earnings per share is now expected to be between $1.52 and $1.58, which exceeds the company's previously communicated guidance of $1.10 to $1.20.
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Bay Street Likely To Open Higher As Oil Prices Rally
The Canadian market is set to open on a firm note on Monday, as energy stocks are likely to surge higher on rising crude oil prices.
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Endeavor, WWE To Form New Global Sports And Entertainment Brands: UFC And WWE
Sports and entertainment company Endeavor Group Holdings, Inc. (EDR) and media company World Wrestling Entertainment, Inc. (WWE) announced Monday that they have signed a definitive agreement to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE.
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Soligenix Says FDA Grants Type A Meeting Regarding New Drug Application For HyBryte
Biopharmaceutical company Soligenix, Inc. (SNGX) announced Monday that the U.S. Food and Drug Administration (FDA) has granted a Type A meeting to discuss the contents of a refusal to file (RTF) letter previously issued regarding the Company's new drug application (NDA) for HyBryte (synthetic hypericin) in the treatment of early stage cutaneous T-cell lymphoma (CTCL), a rare cancer.
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Ryder To Induct 4,000 Addl. BrightDrop Electric Vans To Its Fleet Through 2025
Logistics and transportation company Ryder System, Inc. (R) announced Monday its plan to introduce 4,000 BrightDrop Zevo 600 and Zevo 400 electric vans to its lease and rental fleet through 2025, with the first 200 to be ordered this year.
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Sun Life Financial Completes Sale Of UK Arm To Phoenix Group
Sun Life Financial, Inc. (SLF, SLF.TO) announced Monday it has completed the sale of SLF of Canada UK Ltd. to Phoenix Group Holdings plc (PHNX.L).
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Sensex, Nifty End Choppy Session Modestly Higher As Auto Stocks Surge
Indian shares ended modestly higher on Monday after a choppy session. Auto companies topped the gainers list after reporting encouraging sales for March.
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Swiss Federal Agency Starts Probe On Credit Suisse Takeover
Switzerland's Federal Prosecutor has initiated an investigation into Credit Suisse Group AG's recent takeover by domestic rival UBS Group AG in the midst of the banking turmoil, reports said. The Swiss Attorney General's Office is looking into potential breaches of the country's criminal law in the government- supported takeover and is gathering evidence to identify possible crimes.
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European Shares Rise As Energy Stocks Surge After Surprise OPEC Move
European stocks were seeing modest gains on Monday after the Federal Reserve's preferred gauge of inflation rose less than expected in February, boosting optimism policymakers might hit the pause button on rate hikes in May.
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