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Eli Lilly up as rival Novo Nordisk's obesity drug underperforms in trial
Shares of U.S. drugmaker Eli Lilly LLY.N rise 5% to $1,060.58Danish drugmaker Novo Nordisk NOVOb.CO says its next-generation obesity drug, CagriSema, underperformed Lilly's Zepbound in a head-to-head trialNovo says CagriSema achieved a 23% reduction in body weight over 84 weeks, compared to 25.5...Reuters
8 minutes ago
LIVE MARKETS-Spending rises but with it, worries a new gap is forming: BofA
Wall Street red: S&P, Nasdaq both down >1%, Dow down >1.5% Financials weakest S&P 500 sector; Staples leads gainersEuro STOXX 600 index falls ~0.5%Dollar, crude dip; bitcoin slides >4%; gold up ~2%US 10-Year Treasury yield falls to ~4.03%Welcome to the home for real-time coverage of...Reuters
9 minutes ago
FTSE 100 ends flat on US tariff uncertainty
FTSE 100 flat, FTSE 250 down 0.9%Miners rise as investors seek safe-haven assetsMondi shares drop on renewed tariff worries Feb 23 (Reuters) - The UK's FTSE 100 ended flat on Monday as uncertainty over U.S. trade policy largely stymied trade, although Johnson Matthey slumped after the chemica...Reuters
9 minutes ago
Loblaw up after announcing $1.75 billion store investment
Shares of Canadian retailer Loblaw L.TO up 2% at C$68.61Co to invest C$2.4 billion ($1.75 billion) in 2026 to boost its store network and supply chainMove would create about 9,700 jobs related to retail and constructionPlans to open 70 new stores through 2026Compares to an investment of C$2.2 billio...Reuters
23 minutes ago
METALS-Copper retreats from one-week high as inventories rise, confusion swirls on tariffs
By Eric Onstad LONDON, Feb 23 (Reuters) - Copper prices pulled back on Monday as inventories extended their rise and investors puzzled over the future of U.S. tariffs and Chinese trading ahead of reopening after a holiday.Benchmark three-month copper CMCU3 on the London Metal Exchange dropped 0.9...Reuters
27 minutes ago
Merck to create separate cancer division as Keytruda patent loss looms
Merck to split business into oncology and non-oncology unitsSplit does not involve its animal health divisionKey patents on Keytruda will begin to expire in 2028By Padmanabhan Ananthan Feb 23 (Reuters) - Merck MRK.N said on Monday it would create a separate division for its cancer business, ancho...Reuters
31 minutes ago
PayPal attracts takeover interest after stock slide, Bloomberg News reports
Feb 23 (Reuters) - Digital payments company PayPal PYPL.O is attracting takeover interest from potential buyers after a stock slide, Bloomberg News reported on Monday, citing people familiar with the matter.The payments firm has fielded meetings with banks amid unsolicited interest from suitors, the...Reuters
33 minutes ago
Novo Nordisk's $475-billion rise and fall as Wegovy-era gains wiped out
Feb 23 (Reuters) - Novo Nordisk NOVOb.CO shares slumped by more than 16% on Monday, wiping away the remaining gains brought by its blockbuster weight-loss drug Wegovy, after the drugmaker said its next-generation obesity drug CagriSema underperformed Eli Lilly's LLY.N rival. Novo, which in 20...Reuters
50 minutes ago
LIVE MARKETS-Productivity, the AI boom, and consequences for the workforce
Main US indexes all down at least 1%, Dow off 1.5% Financials weakest S&P 500 sector; Staples leads gainersEuro STOXX 600 index falls ~0.4%Dollar dips, crude ~flat; gold up >2%; bitcoin down >3%US 10-Year Treasury yield falls to ~4.03%Welcome to the home for real-time coverage of markets b...Reuters
54 minutes ago
PayPal jumps after report firm attracts takeover interest
Payments firm PayPal's PYPL.O shares jump 7.5% to $44.79 PYPL is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value, Bloomberg News reported on Monday, citing people familiar with the matter Firm has fielded meetings with banks amid unso...Reuters
an hour ago
Real Asset SPAC jumps on deal to take IQM Quantum public
Shares of Real Asset Acquisition Corp RAAQ.O rising 1.7% to $10.47 on Mon after special-purpose acquisition co (SPAC) announced a merger with IQM Quantum Computers for the Finland-based firm to become the first listed European quantum co RAAQ shares jump as high as $10.63 on the session, highes...Reuters
an hour ago
Gilead to buy cancer therapy developer Arcellx for up to $7.8 billion
Gilead to pay $115 per share, 79% premium for ArcellxAnito-cel under FDA review for multiple myeloma treatmentDeal highlights Gilead's oncology growth strategy, CEO O'Day saysBy Christy SanthoshFeb 23 (Reuters) - Gilead Sciences will pay as much as $7.8 billion to acquire partner Arcellx in ...Reuters
an hour ago
AbbVie rises; co plans $380 mln investment in new drug ingredient plants
Shares of drugmaker AbbVie ABBV.N rise 1.7% to $229.07 Co says it will invest $380 mln to build two new plants in North Chicago to produce ingredients for obesity and neurological drugs, using AI technologies Construction begins in spring 2026, with operations expected in 2029; 300 hires planned, ac...Reuters
an hour ago
GLOBAL MARKETS-Stocks fall, gold rallies as Trump's tariff spreads uncertainty
Wall St stocks fall and gold rises on U.S. tariff uncertaintyTrump announces 15% tariff after Supreme Court rulingInvestors try to work out winners and losers from new regimeUS Treasury yields fallBy Chibuike Oguh and Harry Robertson NEW YORK/LONDON, Feb 23 (Reuters) - Global stocks were lower on...Reuters
an hour ago
LIVE MARKETS-Factory orders chilled in December
Main US indexes slide, all three down >1%Financials weakest S&P 500 sector; Staples leads gainersEuro STOXX 600 index off ~0.4%Dollar, crude higher; gold up >1%; bitcoin down >3%US 10-Year Treasury yield falls to ~4.03%Welcome to the home for real-time coverage of markets brought to you...Reuters
2 hours ago
U.S. STOCKS ON THE MOVE-Enhabit, Ethos Technologies, gold miners
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stocks fell on Monday with heavyweight technology stocks leading declines as tariff uncertainty brewed after President Donald Trump announced a new 15% duty following a Supreme Court ru...Reuters
2 hours ago
Financials start week on the backfoot as sentiment weakens
Financial stocks kick off week on the back foot, underperforming broader marketsS&P 500 Financials .SPSY down 2.8%, compared with a 0.7% decline in the S&P 500 .SPX Goldman Sachs GS.N falls 2.9%, Morgan Stanley MS.N and Wells Fargo WFC.N down 3.7%, JPMorgan Chase JPM.N falls 3.6%, Citigroup ...Reuters
2 hours ago
Enel eyes US acquisitions, vows to up investor reward in its strategy
Enel shares jump after it pledges to raise dividend per share by 6%Group lifts capex to 53 billion euros for 2026-28 Italy's measures on energy bills will hit net incomeBy Francesca Landini MILAN, Feb 23 (Reuters) - Enel ENEI.MI is interested in acquiring renewable assets in the U.S., the CEO...Reuters
2 hours ago
CANADA STOCKS-TSX flat as tech, financials drag and miners gain
TSX down 0.01%Financial stocks fall ahead of week's bank earningsShopify falls 6.3%By Utkarsh Hathi Feb 23 (Reuters) - Canada's main stock index was little changed on Monday, as gains in mining shares driven by safe-haven demand were offset by losses in tech and financials stocks. The ...Reuters
2 hours ago
