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CORRECTED-23andMe founder aims to restart auction with major corporate backing
June 1 (Reuters) - The founder of 23andMe MEHCQ.PK, Anne Wojcicki, has asked a U.S. judge to reopen an auction for the genetic testing company, saying she has the support of a Fortune 500 company with a current market capitalization of more than $400 billion. Wojcicki did not name the Fortune 500 ...Reuters
Mon, Jun 2
Economic Indicator
Brent holds range, faces resistance near 50-DMA at $67 – Société Générale
Brent crude continues to consolidate in a sideways pattern, with downward momentum still dominant. A potential base formation hinges on holding above recent lows and reclaiming key moving averages, Société Générale's FX analysts note.Fxstreet
Mon, Jun 2
Stocks
Citigroup lowers PT on timber companies as lumber prices come under pressure
** Citigroup reduces price target on timber companies to reflect a more conservative outlook on lumber and log prices** Says lumber prices has drifted lower since the beginning of April with dealers working down inventories built in anticipation of Canadian tariffs that did not ultimately materializ...Reuters
Mon, Jun 2
Other
JetBlue not pursuing merger with United Airlines, says CEO
NEW DELHI, June 2 (Reuters) - JetBlue Airways JBLU.O CEO Joanna Geraghty said on Monday the company's partnership with United Airlines UAL.O would not lead to a merger between the two carriers.The two companies last week announced a collaboration that allows travelers to book flights on both car...Reuters
Mon, Jun 2
Other
Regeneron to buy bankrupt 23andMe, vows ethical use of customer DNA data (May 19)
A 2023 data breach hurt demand for 23andMe's core servicesTransaction is expected to complete in the third quarterBy Mariam Sunny and Siddhi MahatoleMay 19 (Reuters) - Regeneron Pharmaceuticals REGN.O said on Monday it will buy genomics firm 23andMe Holding for $256 million through a bankruptcy ...Reuters
Mon, Jun 2
Stocks
HEDGE FLOW-Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says
By Nell Mackenzie LONDON, June 2 (Reuters) - Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P 500 .SPX advanced just over 6% i...Reuters
Mon, Jun 2
Other
Soccer-City midfielder Kovacic out of Club World Cup after Achilles surgery
MANCHESTER, England, June 2 (Reuters) - Manchester City midfielder Mateo Kovacic will miss the FIFA Club World Cup after undergoing surgery to repair an Achilles tendon injury, the Premier League club said on Monday.The Croatian has been hampered by the injury for a while and sat out last month'...Reuters
Mon, Jun 2
Stocks
Could Viking Therapeutics Become the Next Eli Lilly?
The obesity treatment market is booming, with groundbreaking drugs like Eli Lilly's (NYSE: LLY) Zepbound delivering transformative patient results and powering its stock to a spectacular 400% return in the past five years.Amid this estimated $100 billion opportunity, much smaller upstart Viking Ther...The Motley Fool
Mon, Jun 2
Other
Bristol Myers to pay $1.5 billion upfront for BioNTech cancer drug partnership
By Michael ErmanJune 2 (Reuters) - U.S. drugmaker Bristol Myers Squibb BMY.N announced on Monday a $1.5 billion upfront payment to partner with Germany's BioNTech 22UAy.DE, BNTX.O on an experimental cancer drug, in a deal that could eventually exceed $11 billion in value for BioNTech.Bristol sai...Reuters
Mon, Jun 2
Stocks
Boeing rises after BofA Global Research upgrades rating
** Boeing's BA.N shares rise 1.6% premarket to $210.67 after BofA Global Research upgrades stock rating to 'buy' from 'neutral'** Brokerage raises price objective to Wall Street high of $260, says BA has become the "favored trade tool" for the U.S. administration in recen...Reuters
Mon, Jun 2
Other
Tennis-Gauff speeds past Alexandrova to book French Open last-eight spot
By Karolos GrohmannPARIS, June 2 (Reuters) - Second seed Coco Gauff brushed aside Russian Ekaterina Alexandrova 6-0 7-5 on Monday to move into the French Open quarter-finals and stay on course for her first title in Paris. The American world number two must have thought she would have an easy mornin...Reuters
Mon, Jun 2
Stocks
Ford, GM falls; President Trump increases tariff rate on imported steel
** Shares of U.S. automakers fall in premarket trading** U.S. President Donald Trump said on Friday he would raise tariffs on steel and aluminum imports to 50% from 25%, effective Wednesday** Ford F.N falls 1.3% to $10.25, while General Motors GM.N down 1.4% at $48.93 before the bell ** GM opera...Reuters
Mon, Jun 2
Other
Three people reported killed and dozens wounded at an aid site in Gaza, medics say
Report is the latest to underscore volatile security situationIsrael says aware of reports of casualties and investigatingGaza Humanitarian Foundation says aid distributed without incidentPrivate, U.S.-backed aid group has been criticised by UNBy Nidal al-Mughrabi CAIRO, June 2 (Reuters) - Israel...Reuters
Mon, Jun 2
Stocks
Xilio Therapeutics drops on equity raise plans
** Shares of Xilio Therapeutics XLO.O down 27% to 78 cents before the bell as co seeks equity raise ** Waltham, Massachusetts -based XLO commences public offering of pre-funded warrants and warrants to purchase shares without disclosing deal size ** Cancer immunotherapies firm plan...Reuters
Mon, Jun 2
Economic Indicator
USD/CNH rebounds toward 7.26 resistance after testing 7.16 – Société Générale
USD/CNH’s recent downtrend has paused after finding support near 7.16, with a modest rebound now unfolding. However, upside may remain limited for now, as break below 7.16 can extend the downtrend, Société Générale's FX analysts note.
Fxstreet
Mon, Jun 2
Other
EXCLUSIVE-Iran poised to dismiss US nuclear proposal, says Iranian diplomat
By Parisa Hafezi DUBAI, June 2 (Reuters) - Iran is poised to reject a U.S. proposal to end a decades-long nuclear dispute, an Iranian diplomat said on Monday, slamming it as a "non-starter" that fails to address Tehran's interests and leaves Washington's stance on uranium enrichme...Reuters
Mon, Jun 2
Stocks
Euro zone bond yields rise; eyes on US trade uncertainty, ECB and data
German 10-year yield rises after big fall last weekECB expected to cut rates again on ThursdayBy Samuel Indyk LONDON, June 2 (Reuters) - Germany's 10-year government bond yield rose on Monday after a big fall last week, while shorter-dated yields were mostly steady as traders braced for a wid...Reuters
Mon, Jun 2
Stocks
INDIA STOCKS-Indian benchmarks end lower as IT, metals outweigh growth boost
By Bharath Rajeswaran June 2 (Reuters) - India's equity benchmarks ended marginally lower on Monday, led by IT and metals stocks, as global trade concerns outweighed optimism from stronger-than-expected domestic growth data.The Nifty 50 .NSEI dipped 0.14% to 24,716.6, while the BSE Sensex .BS...Reuters
Mon, Jun 2
Stocks
MORNING BID AMERICAS-Dollar slides on trade and tax fears
A look at what matters in U.S. and global markets today from Mike Dolan, Editor-At-Large, Finance and MarketsLONDON, June 2 (Reuters) - The U.S. dollar plunged anew .DXY to its lowest level in six weeks on Monday as June got underway, with U.S. tariff concerns back on the boil after last week's ...Reuters
Mon, Jun 2
