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Canadian Market Down In Negative Territory In Cautious Trade
The Canadian market, which opened lower, continues to languish in negative territory in late morning trades on Monday, weighed down by losses in healthcare, technology and utilities shares.
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Moderna Says Both Bivalent Omicron-targeting Booster Candidates Trigger Superior Antibody Response
Biotechnology company Moderna, Inc. (MRNA) announced Monday that both of Moderna's bivalent Omicron-targeting booster candidates, mRNA-1273.214 and mRNA-1273.222, trigger a superior antibody response compared to a booster dose of mRNA-1273, the Company's prototype vaccine, against Omicron (BA.4/BA.5) in Phase 2/3 clinical trials.
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Valmont Industries To Divest Offshore Wind Business To Euro Steel
Valmont Industries, Inc. (VMI) announced Monday that the Company has entered into a definitive agreement to sell its offshore wind business to Euro Steel, a Denmark-based supplier of steel products to the European wind market.
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Bay Street Likely To Open On Weak Note
Canadian shares are likely to open on a negative note on Monday, tracking weak commodity prices. The mood is likely to remain cautious with investors assessing the prospects of the Federal Reserve slowing down the pace of its interest rate hikes.
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Yen Losing Ground Against Majors
The Japanese yen dropped against its major counterparts in the European session on Monday, amid a divergence in monetary policies between the U.S. Federal Reserve and the Bank of Japan.
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AECOM Guides FY23 Adj. EPS In Line With Estimates - Update
While reporting financial results for the fourth quarter on Monday, infrastructure consulting firm AECOM (ACM) initiated adjusted earnings and organic net service revenue growth outlook for the full-year 2023.
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Protalix Resubmits To FDA The BLA For Pegunigalsidase Alfa For Treatment Of Fabry Disease
Biopharmaceutical company Protalix BioTherapeutics, Inc. (PLX) announced Monday the resubmission on Wednesday of a Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) for PRX-102 (pegunigalsidase alfa) for the treatment of adult patients with Fabry disease.
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China Automotive Systems Boosts FY22 Revenue Guidance - Update
While reporting financial results for the third quarter on Monday, vehicle parts supplier China Automotive Systems, Inc. (CAAS) raised its revenue guidance for the full-year 2022 to $540 million from the prior guidance of $500 million, based on the company's current views on operating and market conditions, which are subject to change.
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Sensex, Nifty End Modestly Lower On Hawkish Fed Comments
Indian shares ended Monday's session slightly lower and the rupee fell sharply after a top Federal Reserve official pushed back on dovish rate bets saying that markets got "way out in front" over just one inflation print.
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European Shares Inch Higher In Cautious Trade
European stocks rose on Monday after China unveiled a sweeping rescue package to salvage its real estate market.
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FTSE 100 Edges Higher Led By Miners
U.K. stocks were moving higher on Monday, with miners gaining ground after Beijing unveiled a 16-point plan to rescue the country's ailing property sector.
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CAC 40 Inches Higher In Cautious Trade
French stocks rose on Monday after Chinese authorities unveiled sweeping measures to rescue the country's struggling property sector.
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DAX Inches Higher As China Unveils Plans To Rescue Property Sector
German stocks advanced on Monday after China unveiled sweeping measures to rescue its ailing property sector.
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