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Amended: Eurozone Set To Escape Recession; Inflation Outlook Downgraded
Following the favorable development in energy prices and the diversification of supply sources, the euro area is set to avoid a recession and gradually pick up pace next year, as inflation likely peaked and has loosened its grip on economic activity, the European Commission said in its interim forecast, released Monday.
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Novavax Extends Partnership With U.S. Health Dept. To Deliver 1.5 Mln Addl Doses Of NVX-CoV2373
Biotechnology company Novavax, Inc. (NVAX) announced Monday a modification to its existing agreement with the U.S. Department of Health and Human Services (HHS), in collaboration with the Department of Defense, to deliver up to 1.5 million doses of the Novavax COVID-19 Vaccine, Adjuvanted (NVX-CoV2373).
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Bally's Sees Sharply Wider Loss In Q4, Expects Revenue Growth
While reporting preliminary results for the fourth quarter and full year 2022 on Monday, casino-entertainment company Bally's Corp. (BALY) said it expects to report a net loss of $476.80 million, including non-cash goodwill and asset impairment charges of $464.0 million, compared to a net loss of $115.29 million in the year-ago quarter.
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Dye & Durham Q2 Results Miss Estimates
Dye & Durham Ltd. (DND, DND.TO) reported Monday a second-quarter net loss of C$34.8 million, a decrease of C$30.8 million, from the same period in the prior year.
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Teradata Guides Q1, FY23 Adj. EPS Above Estimates - Update
While reporting financial results for the fourth quarter on Monday, Teradata Corp. (TDC) provided earnings, adjusted earnings and revenue growth guidance for the first quarter and for the full-year 2023.
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Swiss Consumer Price Inflation Exceeds Expectations
After showing signs of slowdown, Switzerland's consumer price inflation accelerated again at the start of the year, largely reflecting higher food and energy prices, figures from the Federal Statistical Office showed on Monday. Consumer prices rose 3.3 percent on a yearly basis in January after the 2.8 percent increase in December. The rate also far exceeded economists' forecast of 2.9 percent.
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G1 Therapeutics To Discontinue Phase 3 PRESERVE 1 Trial
Oncology company G1 Therapeutics, Inc. (GTHX) announced Monday topline results from its pivotal Phase 3 PRESERVE 1 trial showing that the trial achieved its co-primary endpoints related to severe neutropenia with statistical significance.
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Sensex, Nifty Extend Losses As Investors Brace For US Inflation Data
Indian shares ended lower for a second consecutive session on Monday, as investors braced for key U.S. inflation data due this week that could influence the Federal Reserve's rate-hike trajectory.
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European Shares Inch Higher Ahead Of US Inflation Data
European stocks traded higher on Monday as investors assessed the outlook for inflation and economic growth.
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FTSE 100 Gains Ahead Of Inflation Data
U.K. stocks were a tad higher on Monday as investors awaited the release of U.K. and U.S. inflation prints this week for directional cues.
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CAC 40 Edges Higher As Investors Await Key US Data
French stocks rose slightly on Monday as investors awaited a slew of U.S. data, including the all-important CPI report for January, due this week for further clarity on the rate outlook.
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DAX Sees Modest Gains In Cautious Trade
German stocks were seeing modest gains on Monday as investors assessed the outlook for inflation and economic growth.
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Asian Shares Decline On Inflation Fears; Dollar Gains
Asian stocks slipped into the red on Monday, the dollar hovered near one-month high, and yields edged up as investors awaited the release of U.S. consumer price data on Tuesday that would provide much clarity on the Federal Reserve's monetary policy trajectory.
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