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Shares of Eliem Therapeutics Inc. ELYM, -12.58% tumbled 20.0% in premarket trading on Tuesday after the company said it will discontinue development of its treatment for lumbosacral radicular pain after a Phase 2a clinical trial didn’t yield strong enough results. Eliem said it has enough capital to fund the development of other therapies and its […]
A new report reveals the Metaverse will have a market share surpassing $50 billion by 2026. 235 Total views 3 Total shares A new report by technology research and advisory firm Technavio reveals an upward trend for the Metaverse within the next four years. The report titled “Metaverse Market in Finance by Component and Geography […]
KKR & Co. Inc. KKR, +0.13% shares dropped 4.3% on Tuesday after the private equity firm said it swung to a second-quarter loss of $827.93 million, or $1.22 from net income of $1.28 billion, or $2.05 a share, in the year-ago quarter. Revenue fell to $330.04 million from $3.14 billion. KKR said it lost $1.68 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing Tenkan-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.2115 and then resume moving upwards to reach 1.2465. Another signal in favour of a further uptrend will be a […]
GBPUSD is keeping the positive momentum gained earlier. The Pound Sterling continues to rise against the USD. The current quote for the instrument is 1.2235. The statistics published yesterday showed that Manufacturing PMI in the United Kingdom dropped to 52.1 points in July against the expected reading of 52.2 points. The indicator is slowing down […]
Colgate-Palmolive Co. CL, +3.00% has announced plans to purchase three dry pet food manufacturing plants from Red Collar Pet Foods for $700 million. The acquisition will support the growth of Colgate-Palmolive’s Hill’s Pet Nutrition business, according to a statement released before market open on Monday. The plants, which are in Orangeburg, South Carolina; Clinton, Oklahoma; […]