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

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

World leaders pledge billions to fight AIDS, tuberculosis, malaria on UN sidelines

Sign up now for FREE unlimited access to Reuters.com Record UNITED NATIONS/NEW YORK, Sept 21 (Reuters) – The Global Fund to Fight AIDS, Tuberculosis and Malaria hit the promised $14.25 billion on Wednesday as world leaders seek to combat deadly diseases after that the COVID-19 pandemic derailed progress. US President Joe Biden, who was hosting … 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

Some investors fear Fed will tighten rates too far as inflation bites

The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File photo Sign up now for FREE unlimited access to Reuters.com Record Sept 19 (Reuters) – Just a few months ago, investors worried that the Federal Reserve was not fighting inflation aggressively enough. After several giant rate hikes, … Read more

Wall St Week Ahead As markets churn, investors hide in cash despite surging inflation

A Wall Street sign is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York, U.S. December 28, 2016. REUTERS/Andrew Kelly Sign up now for FREE unlimited access to Reuters.com Record NEW YORK, Sept 16 (Reuters) – A tough year in the markets is prompting some investors to seek refuge in cash as … 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