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Fox Corp rises on upbeat Q3 earnings, plan to launch 'Fox One' streaming service
** U.S. multinational media company Fox Corp's FOXA.O shares rise 5.2% to $52.84, highest since April 3** Beats Q3 adjusted profit estimates as co benefited from strong advertising driven by the Super Bowl** Co separately announced a new subscription-based streaming service "Fox One," se...Reuters
Mon, May 12
Life sciences firms climb after US and China agree to cut tariffs
** Shares of life sciences firms rise after U.S. and China agree to temporarily cut tariffs, easing trade tensions and recession fears** Shares of Bio-Techne TECH.O up 7.5%, Bio-Rad Laboratories BIO.N up 6.7%, QuidelOrtho QDEL.O up 6.1%, Thermo Fisher Scientific TMO.N up 5.5% and Danaher DHR.N up 4%...Reuters
Mon, May 12
Lincoln Educational Services Corp reports results for the quarter ended March 31 - Earnings Summary
Lincoln Educational Services Corp LINC.OQ reported quarterly adjusted earnings of 6 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents pe...Reuters
Mon, May 12
Macerich Co reports results for the quarter ended March 31 - Earnings Summary
Macerich Co MAC.N reported a quarterly adjusted loss of 20 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -59 cents. The mean expectation of eight analysts for the quarter was for a loss of 8 cents per share. Wall Street ex...Reuters
Mon, May 12
Lexeo Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Lexeo Therapeutics Inc LXEO.OQ reported a quarterly adjusted loss of 99 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -77 cents. The mean expectation of seven analysts for the quarter was for a loss of 78 cents per share. W...Reuters
Mon, May 12
Harvard Bioscience Inc reports results for the quarter ended March 31 - Earnings Summary
Harvard Bioscience Inc HBIO.OQ reported a quarterly adjusted loss of 1 cent per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of two analysts for the quarter was for a loss of 4 cents per share. Wall Str...Reuters
Mon, May 12
Surgery Partners rise after Q1 results
** Shares of surgical factory operator Surgery Partners SGRY.O rise 3.8% to $23 after Q1 results ** Co's Q1 revenue rises 8.2% to $776 mln from a year-ago ** Adj. EBITDA up 6.6% to $103.9 mln ** CFO Dave Doherty says Q1 results increase confidence to reaffirm FY guidance, amid uncertainty ** Nin...Reuters
Mon, May 12
LIVE MARKETS-Risk-on is off the leash
Main US indexes jump; Nasdaq up ~3.5, out frontCons Disc leads S&P 500 sector gainers; Defensives lagEuro STOXX 600 index up ~0.8%Dollar surges; crude up ~3%; bitcoin ~flat; gold slides >2.5%US 10-Year Treasury yield jumps to ~4.45%Welcome to the home for real-time coverage of markets brought...Reuters
Mon, May 12
Oil firms rise on US-China tariff reductions
** S&P 500 energy index .SPNY rise 3.7%, tracking jump in oil prices ** Brent crude futures LCOc1 up 3.3% at $65.99/barrel; U.S. West Texas Intermediate crude CLc1 climb 3.7% to $63.07/barrel** Oil prices rise after U.S. and China said they would ease some of their tariff measures, raising hopes...Reuters
Mon, May 12
US medical device makers gain after US and China agree to slash tariffs
** Shares of U.S. medical device makers rise, after the U.S. and China agreed to temporarily slash reciprocal tariffs on each other's goods** The U.S. will cut tariffs on Chinese imports from 145% to 30% and China will cut tariffs on US imports from 125% to 10%** Shares of GE Healthcare GEHC.O r...Reuters
Mon, May 12
Pharmacy benefit managers fall as Trump aims to lower US drug prices
** Shares of companies owning pharmacy benefit managers fall between 1% and 3% after U.S. President Donald Trump says he will sign an executive order to cut prescription drug prices to match those in other high-income nations** Shares of Cigna CI.N down 1.1% and CVS Health CVS.N down 2.3%** However,...Reuters
Mon, May 12
China ADRs rise after US, China agree to temporary tariff cuts
** U.S.-listed shares of Chinese companies rise after U.S. and China agree to temporarily slash tariffs ** The world's two biggest economies said there would be a 90-day pause on measures; Chinese tariffs on U.S. would come down to 10% while U.S. will impose 30% tariffs on China** E-commerce fir...Reuters
Mon, May 12
Furniture retailers rise as US, China reach tariff deal
** Shares of U.S. furniture retailers with exposure to China rise as both countries agree to temporarily pause tariffs for 90 days** The world's two biggest economies said tariffs would drop sharply with U.S. to cut tariffs on China to 30% from previous 145% and Chinese duties to fall to 10% fro...Reuters
Mon, May 12
Mattel, Hasbro rise as US, China ease tariffs
** Shares of toymakers rise after U.S. and China agree to ease some tariffs** Barbie-maker Mattel MAT.O up 9.5% at $18.88; Play-Doh maker Hasbro HAS.O up 7% at $65.82** Trump administration's decision to step back from extreme 145% tariffs is welcome break for Hasbro, Mattel and broader toy indu...Reuters
Mon, May 12
GLOBAL MARKETS-Stocks, dollar surge as US and China agree 90-day tariff relief
U.S. and China reach deal to temporarily slash tariffs Wall Street stock futures leap Dollar jumps 2% against Japanese yen, Swiss franc tumblesGold drops sharply after stunning rally, government bonds weak By Naomi Rovnick LONDON, May 12 (Reuters) - Global shares rallied, while gold and safe...Reuters
Mon, May 12
US STOCKS SNAPSHOT-Wall St surges at open as US, China slash tariffs
May 12 (Reuters) - Wall Street's main indexes opened sharply higher on Monday as the United States and China reached a deal to reduce tariffs, signaling a truce in a punishing trade war that had kept markets on edge for weeks.The Dow Jones Industrial Average .DJI rose 649.7 points, or 1.57%, at ...Reuters
Mon, May 12
Surgery Partners Inc reports results for the quarter ended March 31 - Earnings Summary
Surgery Partners Inc SGRY.OQ reported quarterly adjusted earnings of 4 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of twelve analysts for the quarter was for earnings of 5 cents per share. W...Reuters
Mon, May 12
