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Canadian Shares Likely To Open Lower
Bay Street is likely to open on a slightly negative note on Wednesday, tracking weak European markets and lower bullion prices.
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Takeda Says FDA Accepts BLA For ENTYVIO For Maintenance Therapy In Crohn's Disease
Takeda Pharmaceutical Co. Ltd. (TAK) announced Wednesday that the U.S. Food and Drug Administration (FDA) has accepted for review its Biologics License Application (BLA) for the investigational subcutaneous (SC) administration of ENTYVIO (vedolizumab) for maintenance therapy in adults with moderately to severely active Crohn's disease (CD) after induction therapy with ENTYVIO intravenous (IV).
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U.S. Consumer Prices Increase In Line With Estimates In August
The Labor Department released a highly anticipated report on Wednesday showing U.S. consumer prices increased in line with economist estimates in the month of August.
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Dollar Climbs Following U.S. CPI
U.S. CPI data for August has been released at 8.30 am ET Wednesday. After the data, the greenback advanced against its major counterparts.
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Dollar Mixed Ahead Of U.S. CPI
U.S. CPI data for August is due at 8.30 am ET Wednesday. Ahead of the data, the greenback traded mixed against its major counterparts. While it held steady against the pound, it rose against the rest of major rivals.
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Cracker Barrel Guides Q1 Revenues In Line With Estimates; Declares Dividend - Update
While reporting financial results for the fourth quarter on Wednesday, Cracker Barrel Old Country Store, Inc. (CBRL) said it anticipates total revenues between $800 million and $850 million for the first quarter.
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Frontier Communications To Relocate Headquarters To Dallas, Texas From Norwalk, Connecticut
Pure-play fiber provider Frontier Communications (FYBR) announced Wednesday that it will relocate its headquarters from Norwalk, Connecticut to Dallas as its central location makes it easier for the company to stay connected to its customers and manage its national operations.
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Eurozone Industrial Production Declines For First Time In 4 Months
Eurozone industrial production declined for the first time in four months in July driven by the deterioration in capital goods and durable consumer goods output, data from Eurostat showed on Wednesday. Industrial output fell 1.1 percent on a monthly basis in July, in contrast to the 0.4 percent rise in June.
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Hertz Global COO And President Paul Stone To Step Down
Hertz Global Holdings, Inc. (HTZ) announced Wednesday that Chief Operations Officer and President Paul Stone will step down from his roles, effective September 30, 2023, to pursue opportunities in the retail sector, where he began his career.
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REV Group Q3 Results Top Estimates; Boosts FY23 Outlook
REV Group, Inc. (REVG), a manufacturer of specialty vehicles, on Wednesday reported that net income for the third quarter plunged to $14.9 million or $0.25 per share from $9.5 million or $0.16 per share in the prior-year quarter.
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CDC Recommends Updated Pfizer, Moderna COVID-19 Vaccine
The Centers for Disease Control and Prevention or CDC has recommended everyone 6 months and older to get an updated COVID-19 vaccine ahead of the virus season this fall and winter. The agency expects the updated COVID-19 vaccines from Pfizer-BioNTech and Moderna, which was approved by the U.S. Food and Drug Administration earlier this week, to be available later this week.
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Sensex Gains 246 Points; Nifty Ends Above 20,000 For First Time
Indian shares eked out modest gains on Wednesday on the back of encouraging inflation and industrial output data released the day before.
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European Shares Decline On Inflation, Growth Worries
European stocks fell in cautious trade on Wednesday, as rising oil prices and weak regional data fueled worries about inflation and slowing global growth. Investors also awaited key U.S. inflation data later in the day for directional cues.
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