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Stocks
GSK, Spero stop UTI drug trial after early success
May 28 (Reuters) - Spero Therapeutics SPRO.O and partner GSK GSK.L are stopping a late-stage trial of an experimental oral drug for complicated urinary tract infections early as the study met its main goal, the companies said on Wednesday.Shares of Spero more than tripled to $2.24 in premarket tradi...Reuters
Wed, May 28
Other
Darag signs LPT and PTA with European carrier
By Navneeta NandanMay 28 - Legacy specialist Darag Group announced on Wednesday that its German counterpart, Darag Deutschland AG, has completed a loss portfolio transfer (LPT) with a European carrier.The LPT will be followed by a portfolio transfer (PTA), said Darag, which did not disclose the name...Reuters
Wed, May 28
Other
Shoe Carnival Inc expected to post earnings of 30 cents a share - Earnings Preview
Shoe Carnival Inc SCVL.OQ SCVL.O is expected to show a fall in quarterly revenue when it reports results on May 30 for the period ending April 30 2025The Fort Mill South Carolina-based company is expected to report a 6.1% decrease in revenue to $281.933 million from $300.37 million a year ago, acc...Reuters
Wed, May 28
Other
Immunovant Inc expected to post a loss of 72 cents a share - Earnings Preview
Immunovant Inc IMVT.OQ IMVT.O is expected to show no change in quarterly revenue when it reports results on May 30 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Immunovant Inc is for a loss of 72 cents per share. The current average analyst rating on the share...Reuters
Wed, May 28
Stocks
MORNING BID U.S.-Spotlight back on Nvidia
By Mike Dolan LONDON, May 28 (Reuters) - What matters in U.S. and global markets todayBy Mike Dolan, Editor-At-Large, Financial Industry and Financial MarketsAfter weeks of trade and debt anxiety, the spotlight has shifted back to the artificial intelligence theme on Wednesday, as investors wait ...Reuters
Wed, May 28
Stocks
Fannie, Freddie OTC shares climb as Trump prepares to take firms public
May 28 (Reuters) - Over-the-counter (OTC) shares of Fannie Mae FNMA.PK and Freddie Mac FMCC.PK jumped in premarket trading on Wednesday after U.S. President Donald Trump said he was working on taking the housing giants public in a post on Truth Social. "I am working on TAKING THESE AMAZING COMPA...Reuters
Wed, May 28
Commodities
PRECIOUS-Gold firms as investors buy the dip ahead of Fed's meeting minutes
U.S. core PCE data due on FridayFed's latest meeting minutes due later in the dayGold could climb on lower-than-expected PCE prints, analyst saysBy Anushree Mukherjee May 28 (Reuters) - Gold firmed on Wednesday as investors bought the dip after prices declined in the previous session, while m...Reuters
Wed, May 28
Other
National Bank Of Canada Q2 Adj Provisions For Credit Losses C$315 Million
May 28 (Reuters) - National Bank of Canada NA.TO:NATIONAL BANK OF CANADA Q2 ADJUSTED PROVISIONS FOR CREDIT LOSSES C$315 MILLIONNATIONAL BANK OF CANADA Q2 NET INCOME CAD 896 MILLIONNATIONAL BANK OF CANADA Q2 ADJUSTED REVENUE CAD 3,650 MILLION VERSUS. IBES ESTIMATE CAD 3,284 MILLIONNATIONAL BANK OF CA...Reuters
Wed, May 28
Cryptocurrencies
Trump Media Makes Waves With Major $2.5 Billion Bitcoin Purchase
President Donald Trump’s social media company, Trump Media & Technology Group (TMTG), has announced plans to invest in the market’s leading cryptocurrency Bitcoin (BTC) on Tuesday. According to a report by Politico, the company, which oversees the Truth Social platform, has secured commitments f...Bitcoinist
Wed, May 28
Other
Zurich North America adds Aon’s Andrejko as head of construction professional liability
By Michael LoneyMay 28 - (The Insurer) - Marty Andrejko has returned to Zurich North America as head of construction professional liability, after most recently serving as managing director for the same line at Aon since late 2023.Philadelphia-based Andrejko will report to head of construction Toby ...Reuters
Wed, May 28
Stocks
Boston Scientific falls after discontinuing heart device, FDA approval pursuit
** Shares of medical device maker Boston Scientific BSX.N fall 2% to $103 premarket** BSX says it is discontinuing worldwide sales of its experimental heart device and will no longer seek US FDA approval in the country or other regions** Co says the decision was made due to increased regulatory requ...Reuters
Wed, May 28
Stocks
GLOBAL MARKETS-Shares edge lower, long-end yields rise after soft Japanese auction
Shares dip after recent jump Nvidia results in focus40-year Japanese government bond auction sees tepid demandDollar inches higherBy Samuel Indyk and Rocky Swift LONDON, May 28 (Reuters) - European shares were a touch softer on Wednesday after Tuesday's advance, while the dollar was supported...Reuters
Wed, May 28
Other
Telegram, Musk's xAI partner to distribute Grok to messaging app's users
May 28 (Reuters) - Telegram CEO Pavel Durov said on Wednesday its messaging app and Elon Musk's artificial intelligence company xAI have agreed to a partnership to distribute Grok to its more than billion users.Telegram will receive $300 million in cash and equity from xAI and 50% of revenue fro...Reuters
Wed, May 28
Other
Samsung India executives seek to quash $81 million penalty over tax evasion
Samsung faces big tax challenge in key Indian marketSeven execs challenge penalty in case, source, document showExecutives argue India rushed to deliver order, source saysBy Arpan Chaturvedi NEW DELHI, May 28 (Reuters) - Seven Samsung India executives have asked a court to revoke penalties of $8...Reuters
Wed, May 28
Stocks
Brokerages raise PT on AutoZone after Q3 sales beat
** Brokerages raise their PT on AutoZone Inc AZO.N after auto parts retailer on Tuesday beat Wall Street estimates for Q3 sales** Guggenheim says Q3 was mixed, yet constructive as domestic commercial growth continues to gain momentum** BMO says hub and mega hub ramp up continues to grow faster as co...Reuters
Wed, May 28
Stocks
LIVE MARKETS-Have reduced bets on BoE cuts gone too far?
STOXX 600 down 0.3%Defence stocks rise, drugmakers fallNvidia results awaitedWall Street futures higherWelcome 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.comHAVE REDUCED BETS ON BOE CUTS GO...Reuters
Wed, May 28
Other
Zelenskiy says Ukraine not being invited to NATO summit would be a victory for Putin
KYIV, May 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that Ukraine not being invited to the upcoming NATO summit would mean a victory for Russian President Vladimir Putin over the alliance.Zelenskiy had said on Tuesday that NATO chief Mark Rutte wanted Ukraine to attend ...Reuters
Wed, May 28
