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Stock futures gained Monday morning, steadying after last week’s volatility as investors looked ahead to a key event from the Federal Reserve later this week. S&P 500 futures rose by more than 0.3%, led by gains in energy stocks as oil prices advanced. U.S. West Texas intermediate crude oil futures (CL=F) topped $64 a barrel, and Brent crude (BZ=F) jumped above $67 per barrel after suffering its longest losing streak since early 2018 as of last week.  Contracts on the Dow were set to open… Source link

(Adds details on Trillium’s drug candidates, share movement) Aug 23 (Reuters) – Pfizer Inc said on Monday it would buy Canadian drug developer Trillium Therapeutics Inc in a $2.26 billion deal to strengthen its arsenal of blood cancer therapies. Pfizer, which acquired a $25 million stake in Trillium last year, will buy the remaining outstanding shares for $18.50 apiece, representing a 203.8% premium on the stock’s last closing price. Pfizer expects to benefit from Canada-based Trillium’s… Source link

Heading into a new trading week, Pfizer Inc. (NYSE: PFE), Alibaba Group Holding Limited (NYSE: BABA), Nvidia Corp. (NASDAQ: NVDA) and Moderna Inc. (NASDAQ: MRNA) are among the stocks seeing the highest interest on Reddit’s r/WallStreetBets forum. What Happened: Pfizer has emerged as the most-discussed stock on the forum with 106 mentions, followed by exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) with 102 mentions, data from Quiver Quantitative showed. Chinese e-commerce giant… Source link

This fall, if you aren’t rocking some form of wide leg jeans while also owning shares of Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) in your portfolio you may be off trend in two areas of your life. Google searches for low-rise jeans have surged 91% over the past six months — with wide leg and flare jeans being the most popular styles — per fresh analysis from Jefferies retail analyst Stephanie Wissink. In other words, the 18-year reign of skinny jeans as the de facto… Source link

Suhail Shaheen, a Taliban spokesperson. Sergei SavostyanovTASS via Getty Images A Taliban spokesperson said that extending the US withdrawal deadline could provoke a “reaction.” The warning came after Biden said the US could extend its August 31 deadline to help the evacuation. Scenes of chaos and terror have unfolded at Kabul airport after the Taliban seized power. See more stories on Insider’s business page. A Taliban spokesperson warned of “consequences” if the US kept troops in Afghanistan… Source link

NEW YORK, Aug. 23, 2021 (GLOBE NEWSWIRE) — Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing novel therapies for the management of central nervous system (CNS) disorders, today announced that the U.S. Food and Drug Administration (FDA) informed the Company in a teleconference on August 20, 2021, that its review of the new drug application (NDA) for AXS-05 for the treatment of major depressive disorder would not be completed by the Prescription Drug User Fee… Source link

Some of the world’s most powerful central bankers will convene virtually this week, with the focus on any commentary suggesting a pullback in pandemic-era easy money policies from the Federal Reserve.  One challenge: the timeline for slowing the central bank’s $120-billion-a-month pace of asset purchases will be different depending on which Federal Open Market Committee member you ask. The divergence on the FOMC will draw attention to the Fed’s Jackson Hole meeting (which was again moved… Source link

Yandex Self-Driving Group (SDG), the autonomous vehicle arm of internet giant Yandex, and Grubhub have teamed up to introduce delivery robots to the Ohio State University (OSU) campus in the US. Orders placed by students and personnel via the Grubhub app will be delivered by a fleet of 50 Yandex robots, with the service operating from 9am to 9pm and serving both residential halls and communal areas. Each Yandex robot moves at between three and five miles per hour,… Source link

Flower Boutique Taras Zaluzhnyi via Unsplash SEO, or Search Engine Optimization, has become increasingly popular over the past few years among e-commerce businesses exploring new marketing efforts – primarily due to the inconsistency and unprofitability of modern-day paid advertising. This strategy seeks to help businesses rank higher in search engines (like Google) to increase both the quality and quantity of traffic to their website. The problem with most advertising strategies… Source link

(Bloomberg) — Asian stocks rose early Monday as traders sought to take advantage of last week’s selloff while weighing risks from the delta virus strain and China’s regulatory curbs. The dollar was firm. Shares climbed in Japan, South Korea and Australia. U.S. equity futures edged higher after an advance in the S&P 500 and tech-heavy Nasdaq 100 at the end of last week. Beijing’s clampdown on private industries is set to shadow the market open in China and Hong Kong later. The dollar… Source link