FDA greenlights Amylyx’s ALS drug

September 29 (Reuters) – Amylyx Pharmaceuticals Inc. (AMLX.O) said on Thursday that the US Food and Drug Administration approved its drug to slow the progression of ALS, or amyotrophic lateral sclerosis, and potentially delay death, sending the company’s shares up almost 14 % on extended trading. The company added that healthcare professionals will soon be … Read more

China property shares, bonds slump as CIFI default report adds to sector woes

SHANGHAI, Sept 28 (Reuters) – Investors dumped shares and bonds of Chinese property developers on Wednesday, after a media report that CIFI Holdings (Group) Co had defaulted added to concerns about the real estate sector affected by the crisis. Hong Kong-listed shares of CIFI Holdings (0884.HK)It fell 32.3% to a record low at the close … Read more

Analysis: Alzheimer’s drug trial breakthrough boost for Roche, Eli Lilly

Biogen and Eisai report a landmark result for an experimental drug Almost all Alzheimer’s trials have previously failed Roche and Eli Lilly drugs target the same protein as Eisai’s compound Biogen Stocks of all four drugmakers soar on news LONDON, Sept 28 (Reuters) – The results of a key trial of an Alzheimer’s drug on … Read more

Novartis to prioritise U.S. market, unfazed by drug pricing pushback

The logo of Swiss pharmaceutical company Novartis is seen at the company’s plant in the northern Swiss town of Stein October 23, 2017. REUTERS/Arnd Wiegmann/File photo Sign up now for FREE unlimited access to Reuters.com Record ZURICH, Sept 22 (Reuters) – Swiss pharmaceutical giant Novartis (NOVN.S) he said he would make growth in the United … Read more

U.S. home sales drop for 7th straight month, house price growth cooling

Existing home sales fall 0.4% in August The average price of housing increases by 7.7% compared to the previous year Housing supply at 1.28 million, unchanged from a year ago WASHINGTON, Sept 21 (Reuters) – U.S. existing home sales fell for the seventh straight month in August as affordability deteriorated further amid rising mortgage rates … Read more

U.S. rents surge, leaving behind generation of younger workers

Sept 21 (Reuters) – The cost of renting a home in the United States is rising and young workers have felt the sharpest pain, many taking on side jobs or roommates to pay housing costs. Household rents in 2021 increased 10% from pre-pandemic levels, according to Census Bureau estimates released last week. The figures came … Read more

Investors mixed as Porsche seeks price tag of up to $75 bln

Sign up now for FREE unlimited access to Reuters.com Record Volkswagen shares little changed, Porsche SE up 3.5% Porsche AG will be listed at a valuation of 70-75 billion euros The listing comes amid turmoil in European markets Cornerstone investors pledged 40% of share offering BERLIN, Sept 19 (Reuters) – Shares of Volkswagen (VOWG_p.DE) hovered … Read more

Analysis: Price hikes test Inditex’s ability to stay in fashion

Sign up now for FREE unlimited access to Reuters.com Record Initial prices at Zara rise 12.2% in the year to July: UBS Inditex says it will raise prices again in the second half Analysts urge caution amid signs of slowing apparel demand MADRID, Sept 15 (Reuters) – Zara owner Inditex’s strong first half results show … Read more

Analysis: Why baby gear may not alleviate Bed Bath & Beyond’s troubles

Signage is seen at a Bed Bath & Beyond store in Manhattan, New York, U.S., June 29, 2022. REUTERS/Andrew Kelly Sign up now for FREE unlimited access to Reuters.com Record NEW YORK, Sept 16 (Reuters) – Struggling home goods retailer Bed Bath & Beyond Inc is shedding stores and jobs and overhauling its merchandising strategy, … Read more

Global cargo market sags as softer economy points to gloomy Christmas

Sign up now for FREE unlimited access to Reuters.com Record SYDNEY/BENGALURU, Sept 16 (Reuters) – World trade indicators such as FedEx and Cathay Pacific Airways (0293.HK) have clouded the year-end holiday shopping season: The trade slowdown they’re seeing points to weaker-than-expected consumer demand, not a holiday bonanza. The bleak outlook comes as consumers around the … Read more