News
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Commodities
OPEC+ may discuss oil output hike larger than 411,000 bpd for July, sources say
OPEC+ may discuss hike larger than 411,000 bpd, sources sayEight OPEC+ members to meet online on Saturday at 0900 GMTKazakhstan has informed OPEC it won't cut outputFor an EXPLAINER on OPEC+ output cuts, By Dmitry Zhdannikov, Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW, May 30 (Reuters) ...Reuters
Fri, May 30
Other
Merck’S Investigational Zilovertamab Vedotin At 1.75 mg/kg Dose Plus Standard Of Care Showed Promising Antitumor Activity
May 30 (Reuters) - Merck & Co Inc MRK.N:MERCK’S INVESTIGATIONAL ZILOVERTAMAB VEDOTIN AT 1.75 MG/KG DOSE PLUS STANDARD OF CARE SHOWED PROMISING ANTITUMOR ACTIVITY, INCLUDING COMPLETE RESPONSE RATE, IN PATIENTS WITH RELAPSED/REFRACTORY DLBCL IN PHASE 2 PORTION OF WAVELINE-003 TRIALMERCK & CO I...Reuters
Fri, May 30
Other
AYR Announces Delay Of Q1 2024 Financial Statements And MD&A, Expected Cease Trade Order And Strategic Review Process
May 30 (Reuters) - Ayr Wellness Inc AYRa.CD:AYR ANNOUNCES DELAY OF Q1 2024 FINANCIAL STATEMENTS AND MD&A, EXPECTED CEASE TRADE ORDER AND STRATEGIC REVIEW PROCESSFurther company coverage: [AYRa.CD]Reuters
Fri, May 30
Commodities
PRECIOUS-Gold falls, US dollar strengthens ahead of key US inflation data
Trump's tariffs to remain in effect after appeals court decisionUS PCE price index report due at 1230 GMTDollar up 0.3%By Anushree Mukherjee May 30 (Reuters) - Gold prices fell on Friday as the U.S. dollar ticked higher and investors remained cautious ahead of key U.S. inflation data due late...Reuters
Fri, May 30
Other
Femasys Announces Pricing Of Underwritten Public Offering And Concurrent Private Placement With Gross Proceeds Of $4.5 Million
May 30 (Reuters) - Femasys Inc FEMY.O:FEMASYS ANNOUNCES PRICING OF UNDERWRITTEN PUBLIC OFFERING AND CONCURRENT PRIVATE PLACEMENT WITH GROSS PROCEEDS OF $4.5 MILLIONFEMASYS INC - PRICES PUBLIC OFFERING OF 3.6 MILLION SHARES AT $0.85/SHAREReuters
Fri, May 30
Economic Indicator
Germany annual CPI inflation holds steady at 2.1% as forecast
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), held steady at 2.1% on a yearly basis in May, Destatis' flash estimate showed on Friday. This reading came in line with the market expectation.Fxstreet
Fri, May 30
Forex
JPY outperforming as Tokyo CPI firms expectations for continued BoJ tightening – Scotiabank
Japanese Yen (JPY) is strong and outperforming all of the G10 currencies, entering Friday’s NA session with a 0.3% gain against the US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Fri, May 30
Stocks
Galaxy Digital dips after upsized $600 million share sale
** Digital assets and data center infrastructure firm Galaxy Digital's GLXY.O shares fall 0.5% to $19.50 premarket** Mike Novogratz's GLXY late Thursday announced pricing of its upsized stock offering of 31.6 million shares at $19 apiece for gross proceeds of $600.4 million** Offering boost...Reuters
Fri, May 30
Stocks
Airbnb falls after Truist downgrades to 'sell' on expected lower RevPAR
** Airbnb ABNB.O shares down nearly 3% at $125 in premarket trading** Truist Securities downgrades co's rating to "sell" from "hold" ** Brokerage cuts price target to $106 from $112, a downside of 17.4% to the stock's last close** Says reason for taking down estimates and pri...Reuters
Fri, May 30
Economic Indicator
Brazilian economy grows 1.4% as expected in first quarter
BRASILIA, May 30 (Reuters) - Brazil's economy grew 1.4% in the first quarter of 2025 from the prior three months, government statistics agency IBGE said on Friday, in line with the forecast in a Reuters poll of economists.Latin America's largest economy grew 2.9% from a year earlier, missing...Reuters
Fri, May 30
Economic Indicator
German inflation eases to 2.1% in May
BERLIN, May 30 (Reuters) - German inflation eased further in May but slowing less than forecast to 2.1%, preliminary data from the federal statistics office showed on Friday.Analysts polled by Reuters had forecast a reading of 2.0%, after a year-on-year increase in consumer prices of 2.2% in April, ...Reuters
Fri, May 30
Cryptocurrencies
Webus International Unveils $300 Million Strategy For XRP Payment Solutions
In a significant move that could enhance the adoption of XRP, Webus International Limited, known for its artificial intelligence (AI)-driven mobility solutions and premium chauffeur services, has announced a potential $300 million strategic financing plan. This initiative aims to integrate XRP block...Bitcoinist
Fri, May 30
Stocks
J.P. Morgan starts coverage on water tech firm Xylem with "overweight"
** Brokerage J.P. Morgan starts coverage on water technology firm Xylem XYL.N with "overweight" rating and a PT $148** PT represents a 15.1% upside to the stock's last close** Brokerage says Xylem is a good long-term investment for those interested in sustainability and industrial growth...Reuters
Fri, May 30
