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U.S. Stocks Close Broadly Lower; Dow Ekes Out Marginal Gain
U.S. stocks recovered gradually after a weak start Tuesday morning, and after emerging into positive territory, faltered again as the day progressed amid rising worries about interest rates and economic slowdown.
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Dow Rises 300 Pts As Stocks Rebound On Bargain Hunting
U.S. stocks surged higher Tuesday afternoon, recovering well after a weak start, with shares from the technology sector regaining ground after Treasury yields dropped a bit.
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Swiss Market Ends Lower Again
The Switzerland stock market ended on a weak note on Tuesday, extending recent losses, as inflation and growth worries, and looming rate hikes continued to hurt sentiment
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IMF Warns 'Worst Is Yet To Come'
The International Monetary Fund lowered the global growth projection for next year and warned that the world economy is set to witness more pain next year. The global lender cut the growth projection for next year to 2.7 percent from 3.3 percent, while it retained the outlook for this year at 3.2 percent after a 6.0 percent expansion in 2021.
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European Stocks Slide On Growth Worries, End Lower For 5th Straight Day
European stocks closed lower on Tuesday, posting losses for a fifth straight session, as worries about surging inflation, rising interest rates and slowing growth continued to weigh on sentiment.
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Canadian Stocks Down Firmly In Negative Territory
The Canadian market is down sharply in negative territory a little before noon on Tuesday, as stocks from across several sectors are reeling under sustained selling pressure.
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Illumina In Research Collaboration With AstraZeneca To Accelerate AI-based Drug Target Discovery
Illumina, Inc. (ILMN) announced Tuesday a strategic research collaboration with British drug major AstraZeneca plc (AZN.L, AZN) to accelerate drug target discovery by combining their strengths in artificial intelligence (AI) based genome interpretation and genomic analysis techniques along with industry expertise.
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Walgreens Boots Alliance Agrees To Acquire Remaining 45% Stake In CareCentrix For About $392 Mln
Walgreens Boots Alliance, Inc. (WBA) announced Tuesday the acceleration of its plans to acquire full ownership of CareCentrix (CCX Next, LLC), expanding its reach into the growing homecare sector and advancing its healthcare long-term growth strategy.
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Swiss Franc Appreciates On Recession Worries
The Swiss franc climbed against its major rivals in the European session on Tuesday amid risk aversion, as investors fear that aggressive monetary policy tightening by central banks may fuel a global recession.
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Bank Of England Steps Up Measures To Calm Financial Market
The Bank of England has stepped up measures to calm the bond markets again and the bank repeatedly cautioned about a material risk to the financial stability. In a statement released Tuesday, the BoE said it will widen the scope of daily gilt purchase operations to mitigate the dysfunction in the market. The bank decided to include the index-linked gilts to its daily bond purchases.
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Toyota Expands Partnership With Google Cloud's AI-Powered Speech Services
Toyota (TM) and Google Cloud announced Tuesday an expanded partnership that brings together Toyota and Lexus next-generation audio multimedia systems and Google Cloud's AI-based speech services. Toyota's next-generation system will no longer require an internet connection for natural-speech functions.
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Bay Street Likely To Open On Weak Note
The Canadian market is likely to open on a weak note on Tuesday, tracking weak Asian and European markets and sharply lower crude oil prices.
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Albireo Pharma Posts Positive Topline Results From Phase 3 Study Of Bylvay In Alagille Syndrome
Albireo Pharma, Inc. (ALBO) announced Tuesday positive topline results from the Phase 3 ASSERT study evaluating the safety and efficacy of Bylvay in Alagille syndrome (ALGS) patients from birth to early adulthood.
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