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CANADA STOCKS-TSX rises on talks of potential tariff relief, materials boost
By Pranav Kashyap March 5 (Reuters) - Canada's main stock index recovered on Wednesday, helped by the news of U.S. President Donald Trump's administration considering reducing the stringent tariffs on Canadian and Mexican imports.At 10:20 a.m. ET (1520 GMT), the S&P/TSX composite inde...Reuters
Wed, Mar 5
ResMed slips after Stifel cuts PT
** Shares of medical device maker ResMed RMD.N down 4.3% at $221.44 ** Stifel cuts PT to $240 from $250, reiterates "hold" rating** Eleven brokerages rate company "buy" or higher, while six "hold" and one "strong sell"; median PT at $278.66 - LSEG data** Including ses...Reuters
Wed, Mar 5
Shares of copper miners rise on tariff woes, weak US dollar
** Shares of copper miners rise, tracking prices of the red metal** Three-month copper on the London Metal Exchange CMCU3 up 2.2% at $9,549, as worries about tariffs on U.S. imports escalated, while China's fresh stimulus measures, Germany's infrastructure fund plans and a weaker dollar supp...Reuters
Wed, Mar 5
Jack Daniel's maker Brown-Forman rises after reaffirming annual forecast
** Brown-Forman shares BFb.N jump 9.3% to $35.74 in early trading** Jack Daniel's maker keeps unchanged fiscal 2025 forecast for net sales growth in the range of 2% to 4%** CEO Lawson Whiting notes "continued uncertainty and headwinds in the external environment" but says confident of th...Reuters
Wed, Mar 5
UBS upgrades Barrick to "buy" on long-term growth from mine ramp-ups
** Canadian gold miner Barrick ABX.TO upgraded to "buy" from "neutral"; shares up 2% at C$26.19 on weaker dollar, uptick in gold prices GOL/** UBS remains constructive on gold at $2,900/oz, with ABX trading at ~5 x 2025E EV/EBITDA assuming temporarily suspended mines in Mali remain c...Reuters
Wed, Mar 5
Energy stocks extend slide on OPEC+ output increase, tariffs tumult
** S&P 500 energy index .SPNY slides >2% to lowest since Dec 30 on Weds, tracking third straight day of declines in crude prices O/R** Brent crude futures LCOc1 currently down 2.4% to $69.30/barrel and U.S. West Texas Intermediate crude CLc1 off 2% to $66.24/barrel** Oil prices extend losing ...Reuters
Wed, Mar 5
Halozyme climbs after report co to challenge Merck over patent infringement
** Shares of biopharma co Halozyme Therapeutics HALO.O rise 2.7% to $59.70** Merck's MRK.N injectable version of its blockbuster cancer drug Keytruda could face a potential patent challenge from Halozyme, the Wall Street Journal reports ** According to HALO, new version of Keytruda infringes on ...Reuters
Wed, Mar 5
Evolus rises on Q4 profit versus year-ago loss
** Cosmetic drugmaker Evolus' EOLS.O shares rise 1.6% to $14.58 ** Evolus reported late on Tuesday Q4 adjusted income of $6.7 million, on strong sales of its cosmetic injection, compared with a year-ago loss of $3.7 million** Expects 2025 revenue between $345 million and $355 million, compared w...Reuters
Wed, Mar 5
U.S. STOCKS ON THE MOVE-Moderna, Hims & Hers Health, Carrier
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes edged up on Wednesday, after better-than-expected services data allayed worries of a slowdown in the U.S. economy, while investors awaited a potential softer a...Reuters
Wed, Mar 5
Energy stocks extend slide on OPEC+ output increase, tariffs tumult
** S&P 500 energy index .SPNY slides >2% to lowest since Dec 30 on Weds, tracking third straight day of declines in crude prices O/R** Brent crude futures LCOc1 currently down 2.4% to $69.30/barrel and U.S. West Texas Intermediate crude CLc1 off 2% to $66.24/barrel** Oil prices extend losing ...Reuters
Wed, Mar 5
Chip stocks mixed after Trump's plans to kill $52.7 billion chips subsidy law
** Shares in U.S. chipmakers oscillate between green and red in early trading** President Donald Trump on Tuesday said to get rid of $52.7 billion semiconductor chips subsidy law and "use it to reduce debt"** The CHIPS and Science Act was signed by then President Joe Biden in August 2022** &...Reuters
Wed, Mar 5
Wall Street vs. Short-Sellers: Is AppLovin a Buy, Sell, or Hold?
Artificial intelligence-powered ad-tech company AppLovin (NASDAQ: APP) had a dream year in 2024. Its stock exploded roughly 713%, which was exceptional performance even for a stock in the popular AI trade.However, 2025 has been a different story. The stock is down about 6% year to date, and it plung...The Motley Fool
Wed, Mar 5
EMERGING MARKETS-Mexican peso leads Latam FX higher ahead of more tariff news
Chile's peso at over four-month highLatam stocks rise 1.1%, FX adds 0.8%By Shashwat Chauhan March 5 (Reuters) - Most Latin American currencies rose on Wednesday, with Mexico's peso regaining more of its tariff-driven losses ahead of another announcement by the Trump administration later i...Reuters
Wed, Mar 5
US STOCKS-Wall St edges higher after services sector data; tariffs in focus
CrowdStrike dips on bleak revenue forecastUS service sector expands in February; price growth acceleratesIndexes: Dow up 0.44%, S&P 500 up 0.28%, Nasdaq up 0.25%By Johann M Cherian and Sukriti Gupta March 5 (Reuters) - Wall Street's main indexes edged up on Wednesday, after better-than-ex...Reuters
Wed, Mar 5
South African rand gains as markets process Trump's policies
JOHANNESBURG, March 5 (Reuters) - South Africa's rand gained on Wednesday, capitalising on pressure faced by the U.S. dollar as markets digested the impact of U.S. President Donald Trump's policies.At 1505 GMT, the rand traded at 18.37 against the dollar ZAR=D3, about 0.5% stronger than its ...Reuters
Wed, Mar 5
What's next for the semi sector as President Trump calls for ending CHIPS act
Investing.com -- President Donald Trump called for the repeal of the CHIPS Act in his State of the Union address on March 4, raising questions about the future of semiconductor investment in the UniteInvesting.com
Wed, Mar 5
Jefferies looks to Lilly data to reignite interest in obesity stocks
** Brokerage Jefferies says investor sentiment on obesity stocks is "mixed" at best, but hopes that positive data from Eli Lilly's LLY.N oral obesity drug will bring investors back into this space** LLY shares fell 8% after company's Q3 weight-loss drug sales missed estimates, but ha...Reuters
Wed, Mar 5
LIVE MARKETS-US stocks try to extend their rebound
Main US indexes slightly green, but choppyJan factory orders 1.7% vs 1.6% estimateFeb ISM N-mfg PMI 53.5 vs 52.6 estimateEuro STOXX 600 index rallies >1%Dollar down ~1%; crude off >3%; gold ~flat; bitcoin up >1%US 10-Year Treasury yield rises to ~4.24%Welcome to the home for real-time cover...Reuters
Wed, Mar 5
Chimerix surges on Jazz Pharma's $935 million buyout
** Shares of biotech firm Chimerix CMRX.O rise 70% to a more-than-three-year high of $8.40 ** Jazz Pharmaceuticals JAZZ.O will acquire Chimerix for about $935 million to gain access to its experimental drug to treat a rare brain tumor, the companies say** JAZZ will pay $8.55 per Chimerix share in an...Reuters
Wed, Mar 5
SoundHound AI Just Gave Investors Fantastic News. Time to Buy This Dominant Artificial Intelligence (AI) Stock?
SoundHound AI (NASDAQ: SOUN) was one of 2024's top-performing stocks, rising 836%. However, 2025 hasn't been so kind, as the stock has fallen 45%. But investors may have just gotten some good news that could reverse SoundHound AI's fortunes in 2025. The company recently reported fourth-quarter resul...The Motley Fool
Wed, Mar 5
