AbbVie, Inc. (ABBV) announced Friday that it has submitted applications for a new indication to the U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA) for upadacitinib (RINVOQ 15 mg, once daily) for the treatment of adult patients with giant cell arteritis (GCA). GCA is an autoimmune disease of medium and large arteries...
Following yesterday\'s tamer-than-expected consumer price inflation data, the Labor Department released a report on Friday showing producer prices in the U.S. increased by slightly more than expected in the month of June. The Labor Department said its producer price index for final demand rose by 0.2 percent in June following a revised unchanged reading in...
The Canadian market is well on course to hit a fresh all-time high on Thursday, as investors pick up stocks from across several sectors amid optimism about an interest rate cut by the Federal Reserve in the foreseeable future after data showed a drop in U.S. consumer price inflation. Real estate, communications, energy, utilities, materials...
The U.S. dollar fell against its major counterparts in the New York session on Thursday, as softer-than-expected inflation data for June boosted hopes of a rate cut by the Federal Reserve in September. Data from the Labor Department showed that the consumer price index slipped by 0.1 percent in June after coming in unchanged in...
Indian shares opened on a positive note Friday after data showed consumer prices surprisingly fell in June from the previous month, bolstering hopes for two Federal Reserve rate cuts this year. The benchmark S&P BSE Sensex was up 135 points, or 0.2 percent, at 80,033 in early trade while the broader NSE Nifty index was...
Final inflation reports from France and Spain are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany\'s wholesale prices for June. Economists expect wholesale prices to climb 0.2 percent on month, following May\'s 0.1 percent increase. In the meantime, foreign trade from...
European stocks may open on a mixed note Friday as investors react to comments from Federal Reserve officials and await more U.S. economic data for directional cues. San Francisco Fed president Mary Daly on Thursday said she expects further easing in both price pressures and the labor market, and therefore some policy adjustment will be...
Tesla, Inc. shares were hit on Thursday\'s trading following a Bloomberg report that the luxury electric vehicle maker has delayed the unveiling of its robotaxi service to October. The company had previously planned its launch on August 8. Tesla shares, which were gaining recently on the expected unveiling as well as a better-than-expected second-quarter deliveries,...
Malaysia\'s central bank left its benchmark interest rate unchanged again on Thursday and forecast acceleration in inflation in the second half of the year after the unwinding of fuel subsidies. The Monetary Policy Committee of Bank Negara Malaysia headed by Datuk Abdul Rasheed Ghaffour decided to maintain the Overnight Policy Rate at 3.00 percent. Previously,...
European stocks closed higher on Thursday after data showing a drop in U.S. consumer price inflation in the month of June raised expectation of an interest rate cut by the Federal Reserve in September. The Labor Department said U.S. consumer price index slipped by 0.1% in June after coming in unchanged in May. Economists had...