Sarepta surges after Pfizer gene therapy data raises safety concerns
Shares of Sarepta Therapeutics Inc surged 15% on Friday after some safety concerns were raised in a small, early-stage study of a competing gene therapy for a rare muscle-wasting disorder from Pfizer Inc .
Oil prices steady; set for weekly gain ahead of G20 talks, OPEC
Oil prices were little changed on Friday and were on track for a second straight week of gains, ahead of talks over the trade dispute between the U.S. and Chinese presidents this weekend and on production cuts from OPEC on Monday.
Moderate U.S. consumer spending, inflation support rate cut
U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month.
Luxury online reseller The RealReal soars 40% in debut
Shares of U.S. online luxury reseller The RealReal Inc jumped 40% in their debut on Friday, giving it a market capitalization of $2.32 billion and signaling investor appetite for listings of consumer companies.
Stocks edge up, dollar dips with G20 in focus
Stocks posted modest gains on Friday and the dollar dipped ahead of a meeting on trade between U.S. President Donald Trump and Chinese President Xi Jinping, as global equities were poised to cap off their best first half since 1997.
Wall St. drifts higher with G20 summit underway
U.S. stocks rose on Friday, as big banks gained after clearing the Federal Reserve’s stress test, while investors kept a watch on the G20 summit where a meeting between Presidents Donald Trump and Xi Jinping could lay the groundwork to resolve their tr…
Lego family, Blackstone take Merlin private in $7.5 billion deal
Lego’s founding family and private equity firm Blackstone are taking Britain’s Merlin private again in an agreed deal valuing the Madame Tussauds and Legoland owner at $7.5 billion.
Apple moves Mac Pro production to China from U.S.: WSJ
Apple Inc is shifting manufacturing of its new Mac Pro desktop computer to China from the United States, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Deutsche Bank considering up to 20,000 job cuts, WSJ reports
Deutsche Bank AG is considering cutting 15,000 to 20,000 jobs, or more than one in six full-time positions globally, the Wall Street Journal reported on Friday, citing people familiar with the discussions.
Wall St. modestly higher with G20 summit underway
U.S. stocks rose on Friday as shares of big banks gained after clearing the Federal Reserve’s stress test, with investors closely tracking the G20 summit where President Donald Trump and his Chinese counterpart, Xi Jinping, could lay the groundwork to …
