Latest Market News
U.S. crude oil futures notched a fifth straight gain Tuesday, supported by hopes that the omicron variant of coronavirus would have only limited impact on economic growth. West Texas Intermediate oil for February delivery CLG22, +0.62% picked up 41 cents, or 0.5%, to end at $75.98/bbl. The contract had touched an intraday high at $76.92 […]
Gold futures climbed Tuesday, producing the third gain of the past four sessions, but some firmness in the U.S. dollar undercut demand for the precious metal. February gold GCG22, -0.10% GC00, -0.10% finished up $2.10, or 0.1%, to settle at $1,810.90 an ounce. Futures had traded as high as $1,821.60, which would have marked the […]
Sorrento Therapeutics Inc. SRNE, -11.70% announced Monday a contract for the sale and distribution of up to 10 million its Covistix rapid COVID-19 virus detection tests in Mexico. That follows a previously announced deal for up to 5 million Covistix tests in Mexico, bringing the total number of tests to 15 million. The biopharmaceutical company […]
Shares of Microbot Medical Inc. MBOT, -8.83% rocketed 67.3% toward a nine-month high on heavy volume in premarket trading Monday, after the pre-clinical medical device company announced an agreement with Stryker Corp. SYK, +0.24% to develop the first dedicated robotic procedural kits for use in certain neurovascular procedures. Trading volume ballooned to 9.6 million shares, […]
News Corp NWS, +0.33% announced Monday an agreement to buy the Base Chemicals business from S&P Global Inc. SPGI, -0.39% and IHS Markit Ltd. INFO, -0.44% for $295 million in cash. Base Chemicals, which is known for its pricing data, insights, analysis and forecasting capabilities for base chemicals, has about 185 employees and was expected […]
FactSet Research Systems Inc. FDS, +0.91% announced Monday an agreement to buy CUSIP Global Services (CGS) from S&P Global Inc. SPGI, -0.39% for $1.925 billion in cash. FactSet said it will fund the deal through a combination of cash-on-hand and committed financing. The deal is expected to close during the first quarter of 2022. FactSet […]