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U.S. Housing Market Index Unexpectedly Drops For 12th Straight Month In December
Homebuilder confidence in the U.S. has unexpectedly seen a continued deterioration in the month of December, according to a report released by the National Association of Home Builders on Monday. The report showed the NAHB/Wells Fargo Housing Market Index fell to 31 in December from 33 in November. The decreased surprised economists, who had expected the index to rise to 36.
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Abbott Says FDA Approves Eterna Spinal Cord Stimulation System To Treat Chronic Pain
Abbott (ABT) announced Monday the U.S. Food and Drug Administration (FDA) approval of the company's Eterna spinal cord stimulation (SCS) system, which is the smallest implantable, rechargeable spinal cord stimulator currently available on the market for the treatment of chronic pain.
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Inflation, Interest Rates Sway Currency Trajectory
The updates on inflation and the response of central banks tasked with taming it, shaped currency market sentiment for much of the week ended December 16.
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Terex Board Of Directors Authorizes New Share Repurchase Program Of Up To $150 Mln
Terex Corp. (TEX) announced Monday that its Board of Directors authorized a new share repurchase program of up to $150 million.
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Atara Biotherapeutics Says Carol Gallagher To Replace Ron Renaud As Chair Of The Board Of Directors
Atara Biotherapeutics, Inc. (ATRA) announced Monday that Carol Gallagher will assume the role of Chair of the Board of Directors, replacing Ron Renaud, who is stepping down to focus on his new position as Managing Director at Bain Capital Life Sciences.
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Bay Street Looks Headed For Higher Open
Firm commodity prices and modestly higher Canadian and U.S. futures point to a positive start on Bay Street on Monday.
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Twitter Users Vote In Favor Of Elon Musk Resigning As Boss
Will Elon Musk, current Twitter chief following his $44 billion acquisition of the social media platform, resign from the role as suggested by his millions of Twitter followers in a poll? It was on Sunday that Musk, who also heads Tesla and Space X, initiated a poll, asking his some 122 million followers whether he should step down as head of Twitter. He also said then that he would abide.
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Equifax Floats Offer To Acquire Brazil's Boa Vista Serviços In $583 Mln Deal
Data, analytics, and technology company Equifax, Inc. (EFX) announced Monday it has made an offer to the Boa Vista Serviços' Board of Directors to acquire all outstanding shares of Boa Vista Serviços, the second largest consumer credit bureau in Brazil, for R$8.00 per share, implying an estimated total enterprise value of R$3.103 billion, or $583 million.
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ADC Therapeutics Appoints Jose Carmona To Succeed Jenn Creel As CFO
ADC Therapeutics SA (ADCT) announced Monday the appointment of Jose "Pepe" Carmona as Chief Financial Officer (CFO), effective December 19, 2022. He will serve on the Company's executive leadership team and succeeds Jenn Creel, who is leaving to pursue other opportunities.
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World Market Trends
Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.
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Atara's Ebvallo Receives European Commission Approval For Adults And Children With EBV+ PTLD
Atara Biotherapeutics, Inc. (ATRA) and French healthcare company Pierre Fabre announced Monday that the European Commission (EC) has granted marketing authorization for Ebvallo (tabelecleucel) as a monotherapy for the treatment of adult and pediatric patients two years of age and older with relapsed or refractory Epstein-Barr virus positive post-transplant lymphoproliferative disease (EBV+ PTLD) who have received at least one prior therapy.
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UK Manufacturers See Weaker Demand; Output Fall Most Since 2020
UK manufacturers reported a slight fall in orders and their production declined at the fastest pace since late 2020, the Industrial Trends Survey results from the Confederation of British Industry showed on Monday. The order book balance fell slightly to -6 percent in December from -5 percent in November.
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Cardinal Health Appoints Aaron Alt As New CFO
Cardinal Health (CAH) and its board of directors announced Monday that Aaron Alt will become the company's new chief financial officer (CFO). Alt will succeed interim CFO, Trish English and will report to CEO Jason Hollar, as a member of the company's Executive Committee effective February 10.
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