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Vaxcyte down after Leerink's PT cut
** Shares of vaccine developer Vaxcyte Inc PCVX.O fall 3% to $36.69** Brokerage Leerink cuts PCVX's PT to $65 from $153** PCVX said on Monday its experimental pneumococcal vaccine for infants, VAX-24, achieved "non-inferiority" in a mid-stage study compared to rival Pfizer's PFE.N Pr...Reuters
Tue, Apr 1
How hedge funds have positioned for Trump's 'Liberation Day'
Trump expected to publish most ambitious tariff plans yetUS markets should rally over next year after initial dip, Goldman Sachs saysBy Nell Mackenzie LONDON, April 1 (Reuters) - Hedge funds have scaled back risky bets and sought safety, data from Goldman Sachs GS.N shows, ahead of this week'...Reuters
Tue, Apr 1
LIVE MARKETS-Prank-free data: Job openings slow, factories contract, construction rebounds
All three major U.S. indexes green; Nasdaq out front, up ~0.8%Cons disc leads S&P sector gainers; healthcare weakest groupEuro STOXX 600 index up ~1.2%Dollar slips; crude, gold edge up; bitcoin up ~3%US 10-Year Treasury yield falls to ~4.16%Welcome to the home for real-time coverage of markets b...Reuters
Tue, Apr 1
Axsome falls on depression drug's trial setback
** Drugmaker Axsome Therapeutics' AXSM.O shares fall 6.4% to a near 2-month low of $109.2** AXSM says it will narrow the focus of a late-stage study of its depression drug after it did not show statistically significant improvement in the overall group of patients** However, it helped reduce sym...Reuters
Tue, Apr 1
Eli Lilly and Ralph Lauren included in BofA's 'Top 10 US Ideas for Q2 2025' list
Investing.com -- Bank of America released its Top 10 US Ideas for Q2 2025 note on Tuesday, highlighting stocks the firm believes have significant market and business-related catalysts in the months ahInvesting.com
Tue, Apr 1
EMERGING MARKETS-Latam currencies trade in a tight range as markets brace for US tariffs
MSCI Latam FX index little changed, stocks up 0.8%Poll: Mexican peso to trade stable in coming months Chile's economic activity unexpectedly down in FebruaryArgentina pursues trade deal in Washington as Trump tariffs loomBy Johann M Cherian April 1 (Reuters) - Investor mood across Latin Ameri...Reuters
Tue, Apr 1
Milestone Pharma falls after TD Cowen downgrades to "hold", removes PT
** Shares of drug developer Milestone Pharmaceuticals MIST.O fall 8% to 73 cents, extending decline to third day ** Brokerage TD Cowen downgrades MIST to "hold" from "buy", removes PT ** Cites etripamil's regulatory and commercial timing uncertainty ** "The lack ...Reuters
Tue, Apr 1
CANADA STOCKS-TSX slips as investors brace for reciprocal US tariffs
By Sanchayaita Roy April 1 (Reuters) - Canada's main stock index fell on Tuesday, hurt by losses in communication shares, as investors avoided risk ahead of U.S. President Donald Trump's planned reveal of reciprocal tariffs on Wednesday.Toronto Stock Exchange's S&P/TSX composite ...Reuters
Tue, Apr 1
Coastal and specialty commercial insurers lead gains among US P&C stocks in March
S&P 500 drops 5.8% in March amid trade war fears and stagflation concerns in the U.S.Sector-specific S&P 500 Insurance outperforms with 1.7% monthly rise (up 11.7% YTD)WR Berkley rises 12.8% in March on MSI’s plan to build 15% stakeAIG advances 4.8% in the month, compounding 19.4% gain for t...Reuters
Tue, Apr 1
Digi Power X Inc reports results for the quarter ended December 31 - Earnings Summary
Digi Power X Inc DGX.V reported a quarterly adjusted loss of 1 cent per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -34 cents. The lone analyst forecast for the quarter was for a loss of 15 cents per share. Revenue fell 23.7% t...Reuters
Tue, Apr 1
Eton Pharma falls after co licenses rare disease drug to Spanish company
** Shares of drug developer Eton Pharmaceuticals ETON.O fall ~3% to $12.58** ETON says it has out-licensed the non-U.S. commercial rights for its rare disease drug, Increlex, to Spain's Esteve Pharmaceuticals** Esteve will pay Eton 4 million euros ($4.32 million) upfront for the licensing rights...Reuters
Tue, Apr 1
Qualcomm considers buying UK semiconductor firm Alphawave
Qualcomm has until April 29 to make a firm offer or walk awaySoftBank-owned Arm previously explored buying Alphawave, sources saidAlphawave shares surge more than 52% April 1 (Reuters) - U.S. chipmaker Qualcomm QCOM.O is considering making an offer to acquire Alphawave IP Group AWE.L, it said on ...Reuters
Tue, Apr 1
PVH jumps on strong annual forecasts, $500 mln share buyback
** Shares of Tommy Hilfiger-parent PVH Corp PVH.N up as much as 19.9% at $77.52 in the morning trade** Company forecasts annual sales and profit above analysts' estimates ** PVH had said on Friday it plans to repurchase shares worth $500 million in 2025** If gains hold, stock set for best day si...Reuters
Tue, Apr 1
Insurer W.R. Berkley dips after BofA downgrades to 'neutral'
** Commercial insurer W.R. Berkley's shares WRB.N fall ~1% to $70.47** BofA Global Research downgrades WRB to "neutral" from "buy" following the recent stock surge ** WRB shares surged 7.5% on Friday to close at $71.27 after Japanese property and casualty insurance carrier Mi...Reuters
Tue, Apr 1
Is the U.S. auto sector ready for a policy-induced storm? Bernstein weighs in
Investing.com -- The U.S. auto sector is heading into a potentially severe disruption, with Bernstein warning that upcoming tariffs could move the industry from “earnings pressure to supply chain fragInvesting.com
Tue, Apr 1
LIVE MARKETS-From Tesla to tourism: How global boycotts, travel drop could hurt US GDP growth
Nasdaq, S&P 500 dip, Dow off ~0.6%Mar S&P Global mfg PMI final 50.2 vs 49.8 prior Euro STOXX 600 index up ~0.6%Dollar slips; crude, gold gain; bitcoin up ~1.2%US 10-Year Treasury yield falls to ~4.15%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. Y...Reuters
Tue, Apr 1
Michael Kors owner Capri's finance head jumps ship to Macy's
By Ananya Mariam Rajesh April 1 (Reuters) - Capri Holdings' CPRI.N finance and operations head, Thomas Edwards, will leave the U.S. luxury holding company to assume similar roles at department store chain Macy's M.N.At Macy's, Edwards, who will join in June, will help strengthen CEO T...Reuters
Tue, Apr 1
Cable news channel Newsmax crosses $20 billion valuation amid blistering stock rally
** Conservative cable news channel Newsmax's NMAX.N shares jump as much as 127.5% to $190 in second day of trading** Stock last up 125.1% at $187.98, valuing the company at $24.1 billion ** Nvidia-backed AI infrastructure firm CoreWeave CRWV.O, which went public last week, is trading at $39.4...Reuters
Tue, Apr 1
US STOCKS-Wall Street falls as tariff fears mount
Indexes down: Dow 1.03%, S&P 500 0.73%, Nasdaq 0.52%PVH rises after upbeat annual forecastJ&J falls after judge rejects $10 bln baby powder settlementFebruary's ISM manufacturing at 49By Sruthi Shankar and Pranav Kashyap April 1 (Reuters) - U.S. stock indexes dropped on Tuesday, as in...Reuters
Tue, Apr 1
