CJ Foods Manufacturing Beaumont Corp. is recalling around 61,839 pounds of steamed chicken soup dumpling products citing potential contamination with foreign materials, specifically hard plastic from a permanent marker pen, the U.S. Department of Agriculture\'s Food Safety and Inspection Service or FSIS announced. The recall involves 6-oz. boxes with plastic trays containing six pieces of...
The U.S. dollar weakened against other major currencies in the Asian session on Monday. The U.S. dollar fell to 4-day lows of 1.0848 against the euro and 1.2667 against the pound, from last week\'s closing quotes of 1.0837 and 1.2650, respectively. Against the Swiss franc and the yen, the greenback dropped to 4-day lows of...
The U.S. dollar weakened against other major currencies in the Asian session on Monday, as investor sentiment edged higher following the broadly positive cues from global markets on Friday, amid bets the U.S. Fed will likely cut interest rate in June after data showed a slowdown in manufacturing activity and a drop in consumer sentiment...
EDAP TMS SA (EDAP) announced Monday that its Focal One platform has been granted Breakthrough Device designation by the US Food and Drug Administration (FDA) for the treatment of deep infiltrating endometriosis (DIE). Focal One HIFU is a non-invasive, robotic ablative procedure using a high-intensity ultrasound probe to deliver tissue devitalization through use of acoustic...
Inflation trends mattered much to the currency markets during the period February 24 to March 1, 2024. The week witnessed the U.S. Dollar weakening against the Euro as well as the Japanese Yen but strengthening against the British Pound and the Australian Dollar amidst divergent inflation trends. The 6-currency Dollar Index also recorded weekly losses....
While the U.S. economic calendar starts the week off relatively quiet, several key events are likely to attract attention in the coming days. Federal Reserve Chair Jerome Powell\'s congressional testimony is likely to be in focus, as investors on Wall Street analyze the central bank chief\'s comments for clues about the outlook for interest rates....
The Bank for International Settlements (BIS) released recommendations for the regulation, supervision, and oversight of global stablecoin arrangements in a February 29 executive summary. The international financial institution acknowledged the potential of stablecoins to enhance the efficiency of financial services, but they also highlighted the possibility of the assets generating risks to financial stability. Potential...
Zevra Therapeutics, Inc. (ZVRA) announced Monday the U.S. Food and Drug Administration (FDA) has extended the review period for the New Drug Application (NDA) for arimoclomol, an investigational orally delivered, first-in-class treatment for Niemann-Pick disease type C (NPC). In addition, the FDA has set a new Prescription Drug User Fee Act (PDUFA) action date of...
AfreecaTV BJ (broadcast jockeys) stars have become the latest targets of increasingly sophisticated South Korean crypto scammers. Asia Kyungjae reported that the Seoul Central District Court sentenced a “man in his thirties” to five years in prison for crypto-related fraud. AfreecaTV BJ Stung to Tune of $1.6m AfreecaTV is South Korea’s leading real-time streaming platform,...
The European Commission said fined Apple Inc. over 1.8 billion euros for abusing its dominant position through its App Store on the market for the distribution of music streaming apps to iPhone and iPad users or iOS users. In pre-market activity on Nasdaq, Apple shares were losing around 1.3 percent to trade at $177.37. According...