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  • Thyssenkrupp Cuts Full-Year Forecast

    Thyssenkrupp Cuts Full-Year Forecast

    Thyssenkrupp (TKA.ETR) lowered its full-year forecast on Thursday and said that it would consider strategic alternatives for three of its businesses as it posted a decline in third-quarter revenue amid higher raw material costs for iron ore. The Essen, Germany-based maker of elevators and steel products reported net sales of 10.22 billion euros ($11.46 billion) in the three months ended... Continue reading

     
  • Tesla Delivering 1,000 Vehicles Per Day in Attempt to Break Quarterly Record

    Tesla Delivering 1,000 Vehicles Per Day in Attempt to Break Quarterly Record

    Tesla (TSLA) is currently delivering electric vehicles at a rate of 1,000 per day in North America, in a bid to achieve record deliveries this quarter, Electrek reported on Friday, citing sources familiar with the matter. The electric car company is counting on quick sales in the North American market to achieve the record. Electrek previously reported that Tesla is... Continue reading

     
  • Sprint, T-Mobile Shares Rise as Justice Department Reportedly Nears Approving Merger

    Sprint, T-Mobile Shares Rise as Justice Department Reportedly Nears Approving Merger

    Sprint (S) shares were up 3% and T-Mobile (TMUS) shares were up 1% on Friday afternoon, after The New York Times reported that the Justice Department is moving closer to approving the $26 billion merger between the two carriers, but only if the companies sell multiple assets to create a new wireless competitor, according to three sources familiar with the... Continue reading

     
  • Bluebird Down 5% on $1.8 Million Price Tag for Gene Therapy Zynteglo

    Bluebird Down 5% on $1.8 Million Price Tag for Gene Therapy Zynteglo

    Bluebird Bio (BLUE) shares were down 5% on Friday afternoon after the company earlier in the day set a price of EUR1.6 million ($1.8 million) over five years for its gene therapy Zynteglo, making it the second most expensive therapy in the world behind Novartis’ (NVS) Zolgensma at $2.1 million, according to media reports. A few hours later, Cowen analyst... Continue reading

     
  • S&P 500 Posts 0.5% Weekly Gain, Led by Consumer Discretionary

    S&P 500 Posts 0.5% Weekly Gain, Led by Consumer Discretionary

    The Standard & Poor’s 500 index rose 0.5% this week as gains across a number of sectors led by consumer discretionary and communication services outweighed declines in energy, industrials and technology. The market benchmark ended the week at 2,886.98, up from last week’s closing level of 2,873.34. This marks the measure’s second positive week in a row and puts the... Continue reading