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Commodities
PRECIOUS-Gold extends gains as Trump tariffs fuel safe haven flows
Feb 18 (Reuters) - Gold prices rose for a second straight session on Tuesday, but traded below the all-time high, as uncertainty around U.S. President Donald Trump's tariff plans continued to fuel economic growth concerns and safe haven flows into bullion.
Reuters
Tue, Feb 18
Stocks
BUZZ-ReShape Lifesciences slumps after $6 mln public offering
** Shares of metabolic health solutions firm ReShape Lifesciences RSLS.O fall 57.5% to $1 premarket** On Saturday, RSLS said it is raising $6 mln through a public offering of shares and warrants** Co selling ~2.6 mln units, each consisting of one share and one warrant, at $2.33 per unit** Warrants c...Reuters
Tue, Feb 18
Commodities
Chaz and Kairos structure parametric fish farm cover in South China Sea
By Henry GaleFeb 18 - (The Insurer) - An aquaculture firm in Southeast Asia has purchased a parametric typhoon cover designed by Thailand-based broker Chaz and consultancy Kairos Risk Solutions.The regional offshore aquaculture specialist had faced challenges with reduced yield caused by typhoons, w...Reuters
Tue, Feb 18
Other
US expects Ukraine talks to cover territory, security
RIYADH, Feb 18 (Reuters) - Senior U.S. officials said on Tuesday after talks with a Russian delegation that they expect negotiations over the Ukraine war to cover territory and security guarantees.White House national security adviser Mike Waltz, joined by Secretary of State Marco Rubio and special ...Reuters
Tue, Feb 18
Commodities
ISF supports scale-up of parametric multi-peril agriculture insurance in Colombia
By Henry GaleFeb 18 - (The Insurer) - The InsuResilience Solutions Fund (ISF) has announced it will support a private sector consortium to scale up a parametric insurance solution for farmers in Colombia.Local insurer Cardif Colombia, insurtech Raincoat and Munich Re are developing a revised version...Reuters
Tue, Feb 18
Stocks
BREAKINGVIEWS-Tank maker’s surge depends on political air cover
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Liam Proud LONDON, Feb 18 (Reuters Breakingviews) - Will European governments muster the resources to defend themselves? That’s what investors in Rheinmetall RHMG.DE are betting. Shares in the $43 billion Germa...Reuters
Tue, Feb 18
Stocks
BUZZ-Diamondback rises after $4.08 billion deal for Midland assets
** Shares of oil and natural gas company Diamondback Energy FANG.O rise 1.2% to $158.90 premarket** Co to buy certain units of Encap-backed energy producer Double Eagle in about $4.08 bln cash-and-stock deal** Co to pay $3 billion in cash and 6.9 million shares, and transaction is expected to close ...Reuters
Tue, Feb 18
Other
Aon agrees co-broking arrangement with Protecdiv
By Aidan GregoryFeb 18 - (The Insurer) - Aon has signed a co-broking agreement with Protecdiv, the Philadelphia-based small business reinsurance brokerage.In a statement on Tuesday, Aon said it had entered into the new agreement to enhance its “service offerings to U.S.-based public and private sect...Reuters
Tue, Feb 18
Commodities
EXCLUSIVE-Chinese lithium company halts tech exports as trade tensions build
Jiangsu told customers it would halt exports of lithium processing tech from February 1China announced a proposal for export controls last month Proposal is having a "chilling effect" across industry, lawyer saysBy Ernest Scheyder and Lewis Jackson Feb 17 (Reuters) - A Chinese company has...Reuters
Tue, Feb 18
Stocks
Axsome Therapeutics Revenue Surges 66%
Biopharmaceutical firm Axsome Therapeutics (NASDAQ:AXSM) reported mixed fourth-quarter and full-year 2024 earnings on Tuesday, Feb. 18. The company achieved substantial revenue growth, with sales hitting $118.8 million, surpassing analyst estimates of $118 million. However, its adjusted earnings per...The Motley Fool
Tue, Feb 18
Other
Apollo adds drone product liability to Moonrock binder
By Rebecca DelaneyFeb 18 - (The Insurer) - Apollo has expanded into drone product liability cover by providing capacity as part of its existing binder with Lloyd's coverholder and specialist MGA Moonrock Drone Insurance.The cover is available globally for drone product manufacturers.Moonrock was...Reuters
Tue, Feb 18
Stocks
The Trade Desk Stock Tumbles. Is AppLovin the Culprit?
Investors in The Trade Desk (NASDAQ: TTD) were seeing red on Thursday as the stock plunged, but they were also green with envy.As shares of The Trade Desk tumbled more than 30%, fellow adtech titan AppLovin (NASDAQ: APP) was soaring on its earnings report, jumping more than 20% on its fourth-quarter...The Motley Fool
Tue, Feb 18
Other
U.S. Postal Service chief asks board to identify successor
WASHINGTON, Feb 18 (Reuters) - U.S. Postmaster General Louis DeJoy said Tuesday he has asked the Postal Service governing board to identify his successor.In November, DeJoy warned that the Post Office must continue to cut costs or will remain on the path to either a "government bailout or the en...Reuters
Tue, Feb 18
Other
Allianz Commercial promotes Ficarra to Asia Pacific ART head
By Henry GaleFeb 18 - (The Insurer) - Allianz Commercial has appointed Rosa Ficarra head of alternative risk transfer (ART) for Asia Pacific, based in Singapore.Ficarra had previously been based in London as a senior structured underwriter in Allianz Commercial's ART unit for five years, after t...Reuters
Tue, Feb 18
Commodities
U.S. nuclear power plant outages
Adds outages tableFeb 18 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW ...Reuters
Tue, Feb 18
Other
Trump tariffs would test pricing power of Europe's luxury goods makers
Luxury brands say they will raise prices if US imposes tariffsPrice hikes may alienate consumers, hurt sales, analysts saySome players consider US production to win tariff exemptionsBy Tassilo Hummel and Mimosa Spencer PARIS, Feb 18 (Reuters) - European luxury goods makers say they could draw on ...Reuters
Tue, Feb 18
Stocks
BUZZ-Morgan Stanley downgrades Hims and Hers to 'equal weight' after recent share run
** Morgan Stanley downgrades rating on telehealth firm Hims and Hers HIMS.N to "equal weight" from "overweight"** HIMS shares down marginally at $60.35 premarket ** "While HIMS checks a lot of boxes we evaluate for an investment thesis ... meaningful outperformance in the stock ...Reuters
Tue, Feb 18
Stocks
BUZZ-Teva rises as FDA accepts to review biosimilar to eye disease drug Eylea
** U.S.-listed shares of Israel-based drugmaker Teva Pharmaceutical Industries TEVA.TA, TEVA.N rises 6.6% to $17.32 premarket** TEVA and partner Biotech Alvotech ALVO.O say the U.S. FDA has accepted for review its marketing application for a biosimilar or close copy of Regeneron's REGN.O Eylea *...Reuters
Tue, Feb 18
