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BristolMyers Squibb to Acquire Mirati in Up to 5.8B Deal

Oct 8 Reuters BristolMyers Squibb on Sunday said it will acquire cancer drugmaker Mirati Therapeutics for up to 5.8 billion, diversifying its oncology business and adding drugs it hopes can help offset expected lost revenue from patent expirations later this decade. Bristol will pick up Mirati39;s portfolio drugs that target the genetic drivers of specific cancers including […]
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Russian Rouble Rebounds from over 18Month Low vs Dollar

Oct 9 Reuters The rouble rebounded after slumping to a more than 18month low against the dollar on Monday in a volatile session, still hampered by reduced foreign currency supply but eventually latching on to higher oil prices to gain ground. Events in the Middle East were hurting risk appetite. The Israeli military called up […]
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Europes Luxury Stocks at Risk of Going Out of Style

LONDONPARIS, Oct 9 Reuters Europe39;s luxury brands may have sparkled at Paris Fashion Week, but investors are questioning their taste for the shares in the face of a Chinese slowdown and interest rate uncertainty. After starting 2023 in vogue, on hopes of a rapid boost in Chinese sales after three years of lockdowns and the postpandemic U.S. […]
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U.S. and Canadas Employment Change Beat Expectations, USD Weakens Overall, U.S. Stocks Higher, Commodities Remain High

PREVIOUS TRADING DAY EVENTS 06 Oct 2023 Job growth in Canada reached high levels, more than tripling expectations by adding 63K jobs in September with higher wages. The unemployment rate remained unchanged at 5.5 for a third consecutive month. The average hourly wage for permanent employees rose 5.3 from September 2022, up from the 5.2 […]
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Metro Bank Shares Jump after Deal to Bolster Finances

Metro Bank shares up as much as 26 Colombian billionaire Jaime Gilinski to take majority control Metro backers face 39;very painful rescue39; analyst LONDON, Oct 9 Reuters Shares in Metro Bank jumped in early trading on Monday, after the embattled British lender struck a fundraising deal overnight to bolster its balance sheet following urgent weekend talks […]
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Pound Falls Versus Dollar but not far from 112 Week High

Oct 9 Reuters Sterling fell against a strengthening dollar on Monday but was still within striking distance of last week39;s 112 week high as recent economic data provided some reason for optimism about the UK39;s economic outlook. The safehaven dollar rose as increased violence in the Middle East spooked markets, after a blowout U.S. jobs report gave […]
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