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Merck Says Health Canada Granted Approval For KEYTRUDA To Treat Renal Cell Carcinoma
Merck & Co., Inc. (MRK), known as MSD outside the U.S. and Canada, announced Wednesday that Health Canada has granted approval for KEYTRUDA (pembrolizumab), Merck's anti-PD-1 therapy, as monotherapy for the adjuvant treatment of adults with renal cell carcinoma (RCC) at intermediate-high or high risk of recurrence following nephrectomy, or following nephrectomy and resection of metastatic lesions.
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Owens & Minor Slashes FY22 Outlook; Stock Down 17%
Healthcare solutions company Owens & Minor, Inc. (OMI) on Wednesday preliminary results for the third quarter and slashed its adjusted earnings guidance for the full-year 2022.
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PepsiCo Lifts FY22 View As Q3 Results Top Estimates
Snack and beverage giant PepsiCo Inc. on Wednesday lifted its fiscal 2022 core earnings per share forecast above market estimates, as well as organic revenue growth view after reporting higher third-quarter results. Both earnings and top line beat Wall Street view. In pre-market activity on Nasdaq, Pepsi shares were gaining around 2.7 percent to trade at $166.96.
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Sensex, Nifty Snap Three-day Losing Streak; PSU Stocks Lead Gains
Indian shares rose notably on Wednesday after three days of losses on worries about slowing global growth and the impact of rising interest rates on corporate profits.
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European Shares Rise Amid Mixed Earnings, Data
European stocks traded mostly higher on Wednesday as investors reacted to mixed earnings and regional data.
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FTSE Edges Higher Despite Weak GDP Data
U.K. stocks rose on Wednesday as investors reacted to mixed signals from the Bank of England on bond purchases.
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TikTok Plans To Operate E-commerce Fulfillment System In US
Social media app TikTok plans to operate U.S warehouses and product fulfillment centers to create its own e-commerce supply chain system, job listings on its website and LinkedIn indicate. TikTok reportedly began piloting a shopping feature last year in the U.S., Canada and the U.K. through a deal with Shopify.
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more news
CAC 40 Edges Higher In Cautious Trade
French stocks were a tad higher in choppy trade on Wednesday after data showed Eurozone industrial output rose strongly in August.
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DAX Slips In Cautious Trade As Yields Jump
German stocks were subdued on Wednesday as yields edged up on concerns about instability in the U.K. bond market.
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Asian Shares Mixed As Growth Worries Linger
Asian stocks ended mixed on Wednesday after recent string of losses on worries about slowing global growth and the impact of rising interest rates on corporate profits.
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Pound Rebounds As BoE Chief Bailey Hints At Bond-buying Extension
The pound erased its early losses against its major counterparts in the Asian session on Wednesday, following a media report that the Bank of England is considering an extension to emergency bond-buying program when it ends on Friday.
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Bank Of Korea Raises Key Rate By 50 Bps
South Korea's central bank lifted its key interest rates on Wednesday, citing tightening stance of the US Federal Reserve and stubbornly high inflation. The Monetary Policy Board of the Bank of Korea decided to raise the Base Rate by 50 basis points to 3.00 percent from 2.50 percent, as widely expected.
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European Shares Seen Opening Little Changed Amid BoE Speculation
European stocks are seen opening on a flat note Wednesday after five consecutive sessions of losses.
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