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US STOCKS-Wall Street tumbles; weighed by software, financials amid revived global tariff angst
Indexes down: Dow 1.50%, S&P 500 1.05%, Nasdaq 1.20%Airlines, travel shares slide amid huge winter stormEli Lilly up as Novo Nordisk's drug underperforms in trialDomino's up after Q4 same-store sales beatBy Stephen Culp and Shashwat Chauhan NEW YORK, Feb 23 (Reuters) - Wall Street sto...Reuters
6 minutes ago
Brazil's Claro-Desktop deal talks slow, shares fall over 9% Monday
Negotiations slow due to disagreements over terms and pricing, sources sayDesktop shares fall over 9%, year-to-date losses at 16%Deal remains uncertain, but agreement still possible, sources sayBy Luciana MagalhaesSAO PAULO, Feb 23 (Reuters) - Negotiations for Brazilian telecom operator Claro to acq...Reuters
34 minutes ago
U.S. STOCKS ON THE MOVE-AbbVie, CrowdStrike, PayPal
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes dropped on Monday, led by declines in software and financials, as uncertainty around tariffs intensified after President Donald Trump announced new levies foll...Reuters
43 minutes ago
Texas Pacific gains after KeyBanc raises PT on data center, water trends
Shares of Permian Basin-focused land and royalty company Texas Pacific Land TPL.N up 3.8% at $519.06KeyBanc Capital Markets raises PT on TPL to $639 from $350New PT represents an upside of 27.8% to stock's last close on Friday"We see Texas Pacific as ideally positioned from a land and water ...Reuters
an hour ago
LIVE MARKETS-Volatility under the surface
Wall Street red: S&P, Nasdaq both down ~1%, Dow down >1% Financials weakest S&P 500 sector; Staples leads gainersDollar, 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 markets brought to you by Reuters re...Reuters
an hour ago
Gossamer Bio shares plummet as lung disease drug fails late-stage trial
Shares fall 80% after trial resultsCEO sees potential in combined study data for FDA considerationGossamer to meet the agency, pauses another study enrollmentBy Sahil Pandey and Siddhi MahatoleFeb 23 (Reuters) - Gossamer Bio's GOSS.O experimental treatment failed to significantly improve exerci...Reuters
an hour ago
Arcellx hits record high as Gilead agrees to up to $7.8 bln acquisition
Shares of cancer therapy developer Arcellx ACLX.O surge 77.5% to all-time-high of $113.81 Arcellx on track for biggest pct gain and set to add about $2.87 billion in market value, if gains hold Gilead Sciences GILD.O says it will buy ACLX for an implied equity value of $7.8 billion*"Arcellx...Reuters
2 hours ago
US STOCKS-Wall St slides on losses in software, financials amid global tariff angst
Indexes down: Dow 1.50%, S&P 500 1.05%, Nasdaq 1.20%Eli Lilly up as Novo Nordisk's drug underperforms in trialDomino's up after Q4 same-store sales beatBy Shashwat Chauhan and Ragini Mathur Feb 23 (Reuters) - Wall Street's main indexes dropped on Monday, led by declines in softwar...Reuters
2 hours ago
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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours ago
