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Copper miners gain on supply worries ahead of US Fed decision
U.S.-listed shares of copper miners rise premarket, tracking higher prices of the red metal MET/LBenchmark copper CMCU3 on the London Metal Exchange (LME) up 0.5% at $11,676 a metric ton from an earlier peak at $11,771 a ton, a gain of more than 30% this yearCopper prices jump to a record high as a ...Reuters
Mon, Dec 8
Wave Life Sciences surges after positive data for its weight-loss drug
Shares of drug developer Wave Life Sciences WVE.O rise 44.8% to $10.85 premarketWVE says its experimental obesity drug helped cut deep belly fat and boost muscle mass in an early-stage studyThe drug, WVE-007, was tested in adults with an average starting body mass index of about 32Three months after...Reuters
Mon, Dec 8
Trump comments raise doubts over Netflix's $72 billion deal with Warner Bros
Dec 8 (Reuters) - Netflix's $72 billion Warner Bros deal led to several price target cuts by Wall Street analysts as U.S. President Donald Trump warned of market-share concerns, underscoring the tough scrutiny that the acquisition is likely to face.The deal that combines the world's largest ...Reuters
Mon, Dec 8
Jefferies to buy 50% Hildene stake in credit push; shares jump
Shares of investment bank Jefferies Financial Group JEF.N up 2.9% at $60.50 premarketCo says it will acquire 50% interest in Hildene Holding, parent of credit-focused asset manager Hildene Capital with over $18 bln AUMDeal coincides with Hildene signing pact to buy SILAC, a fixed-indexed annuity pro...Reuters
Mon, Dec 8
Confluent soars on IBM's $11 billion takeover deal
Shares of data-streaming platform Confluent CFLT.O jump 29% to $29.86 IBM IBM.N to acquire all of CFLT's issued and outstanding common shares for $31 per share, representing a premium of about 50% to stock's closing price of $20.73 on October 7, the last trading session before Reuters first ...Reuters
Mon, Dec 8
Morgan Stanley raises General Motors to 'overweight'; shares up
Shares of General Motors GM.N rise about 2% to $77 premarket Morgan Stanley upgrades rating to "overweight" from "equal-weight", lifts PT to $90 from $54New PT shows an upside of 18.3% from the stock's last close Brokerage says co's strong operational execution, tighter c...Reuters
Mon, Dec 8
Stifel raises Wynn's PT on UAE growth prospects, limited competition
Stifel raises price target on casino operator Wynn Resorts WYNN.O to $160 from $150; maintains "buy" rating New PT a 27.5% upside to the stock's last close Stifel expects no new gaming competition for Wynn’s integrated casino resort in the UAE, no significant gaming developments ...Reuters
Mon, Dec 8
Fulcrum Therapeutics rises after trial data of blood disorder drug
Shares of drug developer Fulcrum Therapeutics FULC.O jump 49.4% to $13.30 premarket Flucrum said on Sunday its experimental drug showed positive results in patients with sickle cell disease from an ongoing 20 dose cohort of an early-stage trial Sickle cell disease is an inherited blood disorder that...Reuters
Mon, Dec 8
Recursion Pharma's AI-powered therapy reduces polyp growth in a rare disease trial
By Sriparna Roy Dec 8 (Reuters) - Recursion Pharma RXRX.O, which uses artificial intelligence to discover new drug candidates, said on Monday its experimental oral drug helped reduce abnormal growths in the colon in patients with a rare genetic condition.Shares of the Salt Lake City, Utah-based ...Reuters
Mon, Dec 8
PRECIOUS-Gold rises on Fed rate cut expectations, weaker dollar
Dollar near over one-month lows Silver hit a record high of $59.32/oz on FridayMarket price in 87% chance of Dec rate cut- CME FedWatchBy Pablo Sinha Dec 8 (Reuters) - Gold prices rose on Monday, driven by growing expectations of a U.S. interest rate cut that pressured the dollar, ahead of a Fed...Reuters
Mon, Dec 8
IBM to Acquire Confluent to Create Smart Data Platform for Enterprise Generative AI
$11B acquisition to deliver end-to-end data platform for businesses to connect, process and govern data for applications and AI agents Transaction expected to be accretive to adjusted EBITDA within the first full year, and free cash flow in year two, post close ARMONK, N.Y. and MOUNTAIN VIEW, ...PR Newswire
Mon, Dec 8
SOFTS-Robusta coffee hits 3-week low, focus on Vietnam harvest
LONDON, Dec 8 (Reuters) - Robusta coffee prices fell to a three-week low on Monday as the harvest in top grower Vietnam picked up after recent delays caused by storms and flooding. COFFEERobusta coffee LRCc2 fell 0.4% to $4,160 a metric ton by 1245 GMT after setting a three-week low of $4,1...Reuters
Mon, Dec 8
Recursion climbs as experimental drug reduces polyp growth in rare disease trial
Shares of drug developer Recursion Pharma RXRX.O rise 6.2% to $5.05 premarketCo says its experimental oral drug, REC-4881, helped reduce abnormal growths, called polyps, in the colon of patients with a rare genetic condition called familial adenomatous polyposisIn an early to mid-stage trial, 9 out ...Reuters
Mon, Dec 8
LIVE MARKETS-US investors get most bang for buck beyond Wall St
STOXX 600 flat U.S. futures up slightly Magnum lists after spinoff from Unilever Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com. US INVESTORS GET MOST BANG FOR BUCK BEYOND WALL ...Reuters
Mon, Dec 8
CoreWeave announces $2 bln convertible debt offering; shares fall
AI cloud infrastructure provider CoreWeave's CRWV.O shares fall 5.5% to $83.40 premarketCRWV announces proposed private offering of senior convertible notes worth $2 billion, due 2031Co intends to use the net proceeds to fund the cost of entering into capped call transactions and general corpora...Reuters
Mon, Dec 8
Yardeni cools on 'Magnificent 7' after 15 years of tech optimism
Dec 8 (Reuters) - Yardeni Research is no longer "overweight" on the "Magnificent 7", ending a 15-year bullish stance on U.S. tech stocks on worries over elevated concentration and opportunities in the broader market.The research firm, founded by Wall Street veteran Ed Yardeni, now re...Reuters
Mon, Dec 8
LYC HEALTHCARE Announces US IPO Of 3,000,000 Class A Shares
Dec 8 (Reuters) - LYC HEALTHCARE (CAYMAN) LTD : ANNOUNCES US IPO OF 3,000,000 CLASS A SHARESLYC HEALTHCARE (CAYMAN) LTD - IPO PRICE RANGE BETWEEN $4.00 AND $6.00 PER SHARE - SEC FILINGLYC HEALTHCARE (CAYMAN) LTD: AC SUNSHINE SECURITIES LLC IS UNDERWRITER TO IPOLYC HEALTHCARE (CAYMAN) LTD: HAVE APPLI...Reuters
Mon, Dec 8
US STOCKS-U.S. stock futures inch up as investors await Fed rate‑cut decision
Futures up: Dow 0.05%, S&P 500 0.1%, Nasdaq 0.2%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) - U.S. stock index futures were marginally higher on Monday, as invest...Reuters
Mon, Dec 8
Pre-Bell｜U.S. Futures Edge Up; Confluent Surges 29%; Kymera Therapeutics Rockets 28%; Carvana Jumps 9%; Broadcom Rises over 2%; Tesla Falls 1.6%; CoreWeave Drops 6%
U.S. stock index futures edged higher on Monday, supported by expectations that the Federal Reserve will deliver a long-awaited interest rate cut later this week at a meeting widely seen as one of the most divisive in recent history.Market SnapshotAt 8:30 a.m. ET, Dow e-minis were up 3 points, or 0....Tiger News
Mon, Dec 8
