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PRECIOUS-Gold gains on Fed rate cut bets ahead of FOMC meeting
Fed to decide on rate cut at two-day meetingUkraine's Zelenskiy to meet European leaders in LondonMarkets price in 90% chance of Dec rate cutBy Sarah Qureshi and Arunima Kumar Dec 8 (Reuters) - Gold edged higher on Monday as investors grew more confident that the U.S. Federal Reserve will cut...Reuters
Mon, Dec 8
Market Movers | Wave Life Sciences Rockets 100%; Kymera Therapeutics Soars 48%; Carvana, DXYZ Jump 8% Each; CoreWeave Falls 5%
Wave Life Sciences shares jumped over 100% on Monday after it said it received encouraging preliminary trial data for its investigational weight loss drug WVE-007. The clinical-stage biotechnology company said that it has seen positive interim data from the lowest therapeutic cohort of the continuin...Tiger News
Mon, Dec 8
Canada's Transcontinental surges on $1.61-billion packaging unit sale
Shares of Canadian packaging firm Transcontinental TCLa.TO jumps 20% to about C$24 in morning tradingCo says it has entered into an agreement to sell its packaging unit to ProAmpac Holdings, valuing it C$2.22 bln ($1.61 bln), including debtTranscontinental will distribute C$20 per share in cash to i...Reuters
Mon, Dec 8
LIVE MARKETS-Fed head: Stocks mixed in opening minutes, tech out front
Stocks mixed; Nasdaq out front, S&P 500 ~flat; Dow dipsTech biggest gainer among S&P sectors; Utilties down mostSTOXX 600 ~unchangedDollar inches higher; gold, crude slip; bitcoin upU.S. 10-year Treasury yields rise to 4.18%Welcome to the home for real-time coverage of markets brought to you...Reuters
Mon, Dec 8
Structure Therapeutics surges after weight-loss drug succeeds mid-stage trial
Shares of Structure Therapeutics GPCR.O rise 82% to $63.04GPCR's experimental drug aleniglipron at a dosage of 120 mg showed an 11.3% reduction in weight in a mid-stage study, a figure that was statistically significant compared to placebo at 36 weeks The company plans to initiate a late-stage t...Reuters
Mon, Dec 8
Boeing completes acquisition of Spirit AeroSystems, shares rise
Shares of Boeing BA.N rise nearly 1.7% to about $205.3 in morning trading Boeing closes $4.7 billion takeover of Spirit AeroSystems SPR.N reacquiring the bulk of the world's largest independent wing and fuselage maker Under the deal, 15,000 Spirit AeroSystems employees become part of Boe...Reuters
Mon, Dec 8
Netflix slips as Paramount makes hostile bid for Warner Bros
Streaming giant Netflix's NFLX.O shares fall 2.9% to $97.31Paramount Skydance PSKY.O makes hostile bid for Warner Bros Discovery WBD.O in deal valued at $108.4 bln, including debt, with the equity offer at $30 per shareLast week, NFLX agreed to buy WBD's TV, film studios and streaming assets...Reuters
Mon, Dec 8
U.S. STOCKS ON THE MOVE-Micron, NextEra Energy, Ocular Therapeutix
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock index futures were marginally higher on Monday, as investors priced in that the Federal Reserve will deliver a long-awaited rate cut later this week in a meeting that is shaping u...Reuters
Mon, Dec 8
CANADA STOCKS-TSX muted at open as investors brace for central bank decisions
Dec 8 (Reuters) - Canada's main stock index was subdued on Monday, with investors taking a breather ahead of crucial monetary policy decisions in the U.S. and Canada later this week. At 9:30 a.m. ET (1330 GMT), Toronto's S&P/TSX composite index .GSPTSE was down flat at 31,311.33 points.Reuters
Mon, Dec 8
US STOCKS SNAPSHOT-U.S. stocks open higher as investors await Fed rate cut decision
Dec 8 (Reuters) - Wall Street's main indexes opened modestly higher on Monday as investors priced in expectations that the Federal Reserve will deliver a long-awaited rate cut later this week in a meeting that is shaping up to be one of the most divisive in years.The Dow Jones Industrial Average...Reuters
Mon, Dec 8
Discount retail chain Five Below up after Truist upgrades to 'buy'
Shares of discount retailer Five Below FIVE.O rise 2.2% premarket at $176.95Truist Securities upgrades stock to "buy" from "hold"; raises PT to $216 from $179Brokerage notes Q3 as a "game changer" quarter for FIVE due to strong traffic and higher consumer spend, which "sh...Reuters
Mon, Dec 8
Oppenheimer sets S&P 500 2026 year-end target to Wall Street-high, at 8100
Dec 8 (Reuters) - Oppenheimer Asset Management on Monday set its year-end 2026 target for the S&P 500 index .SPX at 8,100, the most bullish among major Wall Street brokerages, betting on strong corporate earnings and continued resilience in U.S. economy.Reuters
Mon, Dec 8
EV maker Rivian slips as Morgan Stanley downgrades to 'underweight'
EV maker Rivian Automotive's RIVN.O shares fall 3.5% to $17.33 premarketMorgan Stanley downgrades to "underweight" from "equalweight"Brokerage says it expects U.S. EV volumes to fall ~20% YoY, signalling a demand slowdown for battery EVs"Meaningful progress towards passenger-...Reuters
Mon, Dec 8
Warner Bros Discovery surges as Paramount Skydance makes $108.4 billion hostile bid
Shares of Warner Bros Discovery WBD.O up 5.5% at $27.51 premarket Paramount launches all-cash tender offer to acquire Warner Bros Discovery for $30 per share Offer represents an enterprise value of $108.4 billion and equity value of $74.35 billionShares of Paramount Skydance were up 4.3% while share...Reuters
Mon, Dec 8
US STOCKS-U.S. stocks set for slightly higher open as investors await Fed rate cut decision
Futures up: Dow 0.01%, S&P 500 0.12%, Nasdaq 0.23%Marvell Technology falls after S&P 500 inclusion snub Confluent jumps after report IBM nears $11 bln buyout dealBy Johann M Cherian and Pranav Kashyap Dec 8 (Reuters) - Wall Street's main indexes were set to open slightly higher on...Reuters
Mon, Dec 8
Nurix Therapeutics climbs after blood cancer drug trial data
Shares of drug developer Nurix Therapeutics NRIX.O jump 19.6% to $21.63 premarketNRIX said 75% of patients demonstrated objective response rate in early-stage trial for blood cancer drug Bexobrutideg (NX-5948), with mostly mild side effects Drug is aimed at degrading BTK, a protein that drives the d...Reuters
Mon, Dec 8
Paramount Skydance Launches Hostile Bid for WBD After Netflix Wins Bidding War
Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets.Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That's the same bid WBD rejected last week, according to p...Tiger News
Mon, Dec 8
ROI-Will Trump's Fed pick slash rates? The market doesn't think so: McGeever
By Jamie McGeeverORLANDO, Florida, Dec 8 (Reuters) - Financial pundits seem convinced that the new Federal Reserve chair will be an uber-dovish Donald Trump loyalist intent on slashing interest rates regardless of the economic fundamentals. Markets aren't buying it.Jerome Powell, whose eight-yea...Reuters
Mon, Dec 8
Alexandria Real Estate rises on new share buyback program
Shares of real estate investment trust Alexandria Real Estate Equities ARE.N rise nearly 1% to about $46 premarket ARE announces share repurchase authorization of up to$500 million of its outstanding shares of common stock until December 31, 2026 New program replaces the current repurchase a...Reuters
Mon, Dec 8
NextEra gains on expanded Google partnership, Meta clean energy deals
Shares of utility NextEra Energy NEE.N up 1.1% at $84.16 premarketCo expands partnership with Google Cloud to scale multiple gigawatts of data center capacity and energy infrastructure across the U.S.*Separately, NEE secures over 2.5 gigawatts of clean energy contracts from Meta META.O Extends...Reuters
Mon, Dec 8
