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Sector Update: Health Care
Sector Update: Health Care
May 26, 2025
01:16 PM EDT, 05/21/2025 (MT Newswires) -- Health care stocks declined Wednesday afternoon, with the NYSE Health Care Index falling 1% and the Health Care Select Sector SPDR Fund (XLV) dropping 1.3%. The iShares Biotechnology ETF (IBB) slumped 1.6%. In corporate news, UnitedHealth ( UNH ) allegedly paid thousands of dollars in bonuses to nursing homes where it installed its...
Sector Update: Tech
Sector Update: Tech
May 26, 2025
01:04 PM EDT, 05/21/2025 (MT Newswires) -- Tech stocks were mixed Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) easing 0.1%. The Philadelphia Semiconductor index advanced 0.8%. In corporate news, Keysight Technologies ( KEYS ) lifted its full-year growth expectations and reported better-than-expected fiscal Q2 results. Its shares rose...
Sector Update: Energy
Sector Update: Energy
May 26, 2025
01:33 PM EDT, 05/21/2025 (MT Newswires) -- Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index down 0.5% and the Energy Select Sector SPDR Fund (XLE) falling 1.2%. The Philadelphia Oil Service Sector index dropped 2%, and the Dow Jones US Utilities index was shedding 1.2%. US crude oil stocks, including those in the Strategic Petroleum Reserve,...
Sector Update: Consumer Stocks Decline in Afternoon Trading
Sector Update: Consumer Stocks Decline in Afternoon Trading
May 26, 2025
01:54 PM EDT, 05/21/2025 (MT Newswires) -- Consumer stocks were lower Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each shedding 0.5%. In corporate news, Target's ( TGT ) fiscal Q1 results decreased more than Wall Street's estimates, while the retailer slashed its full-year outlook, citing the impact...
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Rajasthan: Gehlot government begins Rs 2,500 cr dam project for Sabarmati, Sei rivers ahead of polls
Rajasthan: Gehlot government begins Rs 2,500 cr dam project for Sabarmati, Sei rivers ahead of polls
Mar 1, 2023
On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.
ED attaches over Rs 10-crore assets in resort scam involving ex-Maha minister Anil Parab
ED attaches over Rs 10-crore assets in resort scam involving ex-Maha minister Anil Parab
Jan 4, 2023
The probe pertains to Dapoli resort, which is allegedly illegal. The former minister and Shiv Sena (Uddhav) leader, Anil Parab, allegedly wangled a permit to use land meant for agricultural use. The ED had started the investigation under the the Prevention of Money Laundering Act (PMLA) after a complaint from the Environment Ministry.
Lok Sabha passes Forest (Conservation) Amendment Bill — All you need to know
Lok Sabha passes Forest (Conservation) Amendment Bill — All you need to know
Jul 11, 2023
Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.
Govt blames inaction by AAP in Punjab, Delhi for bad air quality
Govt blames inaction by AAP in Punjab, Delhi for bad air quality
Nov 6, 2023
Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.
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Celularity Seeks FDA Orphan Drug Status for PDA-002 in Facioscapulohumeral Muscular Dystrophy
Celularity Seeks FDA Orphan Drug Status for PDA-002 in Facioscapulohumeral Muscular Dystrophy
Mar 20, 2024
11:01 AM EDT, 03/20/2024 (MT Newswires) -- Celularity ( CELU ) said Wednesday it submitted an application to the US Food and Drug Administration requesting an orphan drug designation for PDA-002 as a treatment for genetic muscle disorder facioscapulohumeral muscular dystrophy. The FDA has already approved the investigative new drug application for PDA-002 and Celularity ( CELU ) will start...
BioNTech expects more than 10 bln eur peak sales from cancer drug pipeline
BioNTech expects more than 10 bln eur peak sales from cancer drug pipeline
Mar 20, 2024
FRANKFURT, March 20 (Reuters) - BioNTech estimates that its 10 most advanced cancer treatment candidates could generate combined peak sales of more than 10 billion euros ($10.9 billion), after reporting an ongoing decline in its COVID-19 vaccine business. The peak sales estimate for that collection of assets is actually well over 10 billion euros in our long term estimates, BioNTech's...
New Fortress Energy Closes on Purchase of Electricity Supply Contract in Brazil
New Fortress Energy Closes on Purchase of Electricity Supply Contract in Brazil
Mar 20, 2024
11:00 AM EDT, 03/20/2024 (MT Newswires) -- New Fortress Energy ( NFE ) said Wednesday it has completed its acquisition of a 1.6-gigawatt capacity reserve electricity contract from a portfolio company of private equity firm Denham Capital. Under terms of the purchase agreement, New Fortress will issue a undisclosed amount of its series A convertible preferred stock to Denham Capital...
Update: Nvidia Expands Partnerships With EV Makers for Drive Thor Platform
Update: Nvidia Expands Partnerships With EV Makers for Drive Thor Platform
Mar 20, 2024
11:06 AM EDT, 03/20/2024 (MT Newswires) -- (Updates with SK Hynix's response in the seventh paragraph.) Nvidia ( NVDA ) said late Monday that it is expanding its collaboration with BYD and other Chinese EV makers who are adopting its Drive Thor system, an in-vehicle computing platform designed for generative AI applications. The system can deliver feature-rich cockpit capabilities, plus...
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