Pfizer, Novartis lead $2 billion spending spree on gene therapy production
Eleven drugmakers led by Pfizer and Novartis have set aside a combined $2 billion to invest in gene therapy manufacturing since 2018, according to a Reuters analysis, in a drive to better control production of the world’s priciest medicines.
Wall Street opens at record highs on trade optimism, upbeat data
Wall Street’s main indexes notched fresh record highs at the open on Wednesday, as latest data pointed to a resilient domestic economy and investors remained optimistic about a resolution to the prolonged U.S.-China trade war.
Deere warns of lower profits in 2020 on lingering trade tensions
Deere & Co. on Wednesday warned of lower earnings next year after reporting a fall in quarterly profits, hurt by trade tensions as well as poor weather in the U.S. farm belt that has slowed equipment purchases by farmers.
WeWork’s ill-fated IPO shows market discipline: Oaktree’s Marks
WeWork’s failure to go public and this year’s disappointing tech IPOs in the United States are a positive sign of market discipline and investor vigilance, Oaktree Capital’s [OAKCP.UL] billionaire co-chairman Howard Marks said.
Wall Street set to edge higher at open on trade optimism, upbeat data
Wall Street’s main indexes were set to open slightly higher on Wednesday, as latest data pointed to a resilient domestic economy and investors remained optimistic about a resolution to the prolonged U.S.-China trade war.
U.S. stocks to keep climbing in 2020 but growth well below this year’s: Reuters poll
U.S. stocks will keep rising in 2020 but at a much more modest pace than this year, with plenty to potentially slow the ascent, according to a Reuters poll of strategists.
U.S. third-quarter GDP growth revised up to 2.1%
U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, amid a stronger pace of inventory accumulation and a less steep decline in business investment.
U.S. weekly jobless claims fall
The number of Americans filing applications for unemployment benefits fell last week, but the underlying trend suggested some softening in labor market conditions.
U.S. core capital goods orders post biggest gain in nine months
New orders for key U.S.-made capital goods increased by the most in nine months in October and shipments rebounded, suggesting some stabilization in business investment after it contracted for two straight quarters.
International stocks to outperform U.S. in 2020: investors
Even though the U.S. stock market continues a record-breaking rally that has sent the benchmark S&P 500 index up nearly 25% for the year, investors appear to be looking elsewhere for better values in the year ahead.
