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Ford Motor Says Cathy O'Callaghan To Replace Marion Harris As Ford Credit President And CEO
Ford Motor Co. (F) announced Friday that Ford Credit president and CEO Marion Harris will retire in on March 1, 2023, capping 25 years at Ford.
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574 days ago
New York Manufacturing Activity Pulls Back Sharply In December
After reporting a significant rebound in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Monday showing a substantial downturn in activity in the month of December.
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574 days ago
Vertex Receives CHMP Positive Opinion For The First CRISPR/Cas9 Gene-Edited Therapy CASGEVY
Vertex Pharmaceuticals Inc. (VRTX) announced Friday that the European Medicines Agency's (EMA's) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion for the conditional approval of CASGEVY (exagamglogene autotemcel [exa-cel]), a CRISPR/Cas9 gene-edited therapy, for the treatment of severe sickle cell disease (SCD) and transfusion-dependent beta thalassemia (TDT).
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574 days ago
Bank Of Russia Hikes Rate By 100 Bps
Russia's central bank raised its benchmark rate by 100 basis points on Friday and maintained a hawkish bias as proinflationary risks are assessed to be substantial and the economy exhibits faster than previously envisaged growth. The board of directors of Bank of Russia, headed by Elvira Nabiullina, decided to lift the key rate by 100 basis points to 16.00 percent.
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574 days ago
UK Private Sector Growth Gains Momentum On Services Activity
The UK private sector activity posted its strongest growth in six months in December, thanks to a faster recovery in the service economy, flash survey results from S&P Global showed on Friday. The Chartered Institute of Procurement & Supply flash composite output index rose more-than-expected to 51.7 in December from 50.7 in November. The score was seen at 50.9.
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574 days ago
AC Immune Advances Anti-pTau Active Immunotherapy For Alzheimer's Disease Into Phase 2b Trial
Swiss biopharmaceutical company AC Immune SA (ACIU) announced Friday that its development partner has programmed the launch of a Phase 2b clinical study to evaluate ACI-35.030 (JNJ-64042056) in patients with preclinical Alzheimer's disease (AD), those individuals not yet showing symptoms.
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574 days ago
Eurozone Private Sector Slowdown Underscores Risk Of Recession
The euro area private sector contracted throughout the second half of the year adding to risk of recession since the third quarter, preliminary results of the purchasing managers' survey showed on Friday. The HCOB flash composite output index unexpectedly fell to 47.0 in December from 47.6 in the previous month, S&P Global said. The reading was seen at 48.0.
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574 days ago
more news
Pound Climbs Against Most Majors
The pound moved up against its most major counterparts in the European session on Friday.
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574 days ago
CPSC Recalls: Vehicles, Air Fryers, Grills, Bunk Beds, Saddles
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including vehicles, air fryers, grills, bunk beds, and saddles, among others, for various reasons. The recall involves Polaris Industries Inc.'s RZR 200 Youth as well as Ranger XP Kinetic recreational off-road vehicles, Kubota Tractor Corp.'s utility vehicles, BRP US' side-by-side vehicles,...
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574 days ago
Sensex Jumps 969 Points; Nifty Tops 21,400 Led By IT Stocks
Indian shares posted strong gains on Friday to extend the previous session's rally as investors priced in more Fed rate cuts next year.
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574 days ago
European Markets Mostly Higher As Commodity Stocks Surge On China Optimism
European markets were mostly higher on Friday despite the more cautious stances from the European Central Bank and the Bank of England.
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574 days ago
FTSE 100 Little Changed; Commodity Stocks Surge On China Data
U.K. stocks were subdued on Friday but were on track for a weekly gain after a slew of interest rate decisions by major central banks.
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574 days ago
CAC 40 Edges Higher As Inflation Eases
French stocks traded higher on Friday after the release of mixed economic data.
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574 days ago
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