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☆ After a wild, losing week for stocks, investors brace for more market-moving data
▼ + stars: | 2023-03-11 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

But PPI readings can predict the direction of future consumer price readings. High interest rates hurt because they increase monthly costs, but it's the lack of supply that contributes to elevated list prices. If we can get inflation down while seeing other economic indicators hold up, the likelihood of a soft landing increases. ET: Industrial Production & Capacity Utilization Looking back It was a tough week for stocks, with the Dow falling 4.4% in its worst showing since June. Under the hood, all sectors finished lower for the week, led down by financials and followed by materials and real estate.

☆ Merck scraps third prostate cancer study as Keytruda therapy disappoints
▼ + stars: | 2023-02-28 | by ( Bhanvi Satija | ) www.reuters.com time to read: +2 min

The setbacks were likely to put Merck further behind in its quest to develop a treatment for advanced forms of the most common cancer type in the United States. It had in January stopped a late-stage study of the drug in some prostate cancer patients. An interim analysis showed the combination therapy did not extend survival or help extend the time a patient lives without the disease worsening compared to placebo, Merck said. Merck was testing its blockbuster immunotherapy in combination with androgen deprivation therapy and Xtandi, made by Pfizer Inc (PFE.N) and Astellas Pharma Inc (4503.T), in patients with an advanced form of treatment-resistant prostate cancer. Additionally, Merck said another combination treatment with Keytruda did not meet the main goal in a separate late-stage study for a type of lung cancer that can spread to other parts of the body.

☆ In surprise result, Italy's left picks Elly Schlein to rebuild party
▼ + stars: | 2023-02-27 | by ( Crispian Balmer | ) www.reuters.com time to read: +2 min

ROME, Feb 26 (Reuters) - Italy's opposition centre-left Democratic Party (PD) picked Elly Schlein, a 37-year-old U.S.-Italian national who grew up in Switzerland, to be its new leader and rebuild the group after its election rout last year. Schlein will lead opposition in parliament to Prime Minister Giorgia Meloni, with two women for the first time in Italian history heading the country's two main parties. Although she has promised a new start for the party, many of the PD's grandees have rallied behind her in recent weeks. Polls suggested he would easily beat Schlein, but in the end he only drew strong backing in the more traditionalist south. Schlein faces a monumental struggle if she hopes to heal divisions within her party and beat Meloni's conservative bloc in the next national election in 2027.

☆ Beaten and divided, Italy's centre-left seeks new leader
▼ + stars: | 2023-02-24 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

[1/3] Centre-left Democratic Party (PD) supporters gather during the electoral campaign closing event of Enrico Letta, secretary of PD, in Piazza del Popolo, ahead of the general election, in Rome, Italy, September 23, 2022. REUTERS/Guglielmo MangiapaneSummary Italy's PD looking to recover after 2022 election defeatParty seeks ninth leader in just 16 yearsModerate regional president faces young left-wingerROME, Feb 24 (Reuters) - Italy's centre-left Democratic Party (PD) will chose a new leader this weekend who it hopes can pull the group out of a tail spin and provide a credible challenge to the nationalist prime minister, Giorgia Meloni. PD supporters will have to pick between two starkly different candidates who offer opposing views on how to revive the party after a string of crushing election defeats. He promotes himself as a sound administrator and proven vote winner, who would seek cross-party alliances to defeat the ruling right-wing coalition. Makeshift voting booths are being set up across the country and PD officials hope at least a million people take part.

"This result consolidates the centre-right and strengthens the work of the government," Meloni wrote on Twitter. However, fears inside the coalition that support might crumble for Meloni's two main partners proved unfounded. The result offered no comfort to the centre-left camp, comprising the Democratic Party (PD), the 5-Star Movement and so-called Third Pole, which is riven by mutual loathing. Italy's electoral laws at both a national and regional level favour parties that combine forces meaning Meloni's opponents face years in the wilderness unless they learn to work together. Reporting by Crispian Balmer and Angelo Amante; Editing by Gavin Jones and Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Body camera video shows punches on ground, Nichols saying 'mom' Portions of body camera video released in the death of Tyre Nichols shows him being punched several times while he is on the ground. The call was made in advance of the expected public release of video in the death of Tyre Nichols, who died after a violent encounter with Memphis police officers on Jan. 7. Share this -Link copiedMemphis fire officials receive video showing Tyre Nichols' beating, will conclude investigation next week The Memphis Fire Department said it received full access to video footage showing the fatal beating of Tyre Nichols earlier Friday. The five Memphis officers involved in the traffic stop were fired and have since been arrested on numerous charges including murder. "I will ask everyone to heed the words of Tyre Nichols' mother," Hochul said.

☆ Abuses Proliferate in Police Squads Like Memphis's Scorpion Unit
▼ + stars: | 2023-01-28 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +27 min

Street Crime Unit. Jon Naso/NY Daily News Archive via Getty ImagesMemphis police chief Davis also has prior experience with special street crime units. Street crime squads are popular among politicians who say only aggressive policing will reduce violent crime. In the late 1990s, the Street Crime Unit tripled in size, amid a panic over a rising number of homicides. In a city grappling with violent crime, authorities touted the Street Crime Unit as a bright spot.

"I will ask everyone to heed the words of Tyre Nichols' mother," Hochul said. Share this -Link copiedLawyers applaud kidnapping charges and say Nichols was 'terrorized' Attorney Antonio Romanucci said terrorism was part of the kidnapping charges against the five Memphis police officers charged in Tyre Nichols’ death. Attorney Ben Crump said Nichols’ told the officers, “I just want to home home.” “It's a traffic stop for God’s sake. Attorney Ben Crump said Nichols’ last words in the body camera footage of his arrest were three cries for his mother. This week, Memphis Police Chief Cerelyn “C.J.” Davis announced a review of all the police department’s specialized units, including Scorpion, in response to Nichols’ death.

☆ A dead bird of prey with an 'unusual wound' and other suspicious incidents rock the Dallas Zoo
▼ + stars: | 2023-01-24 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

An endangered vulture was found dead at the Dallas Zoo over the weekend with an "unusual wound," facility officials said Monday — the third suspicious incident there in less than two weeks. It isn’t clear whether the death of Pin, a 35-year-old lappet-faced vulture, is linked to the earlier incidents. The zoo said in a statement Monday it asked Dallas police to investigate and did not comment further. Dallas Zoo via NBC Dallas-Fort WorthThe zoo said that in the past 10 days, it had “substantially” increased security measures, including limiting access to outdoor enclosures and adding cameras and overnight guards. "Given the recent incidents at the Zoo, we alerted the Dallas Police Department," the post said.

An experimental treatment for advanced melanoma is poised to be the next major advance in cancer treatment, experts say. Those who got TIL therapy had a 50% reduction in disease progression and death, compared to those who were treated with ipilimumab, the study found. Bruce Hawley and his wife, Laurie, celebrated their third wedding anniversary in 2021 in Vancouver, several years after his TIL therapy. "The chemotherapy knocks down the immune cells to make space for the TIL cells going in," Hwu said. The hope is that TIL therapy will also be used for other solid cancers, not just melanoma, Rosenberg said.

☆ Summit Therapeutics in up to $5 bln licensing deal for Akeso's cancer therapy
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

Dec 6 (Reuters) - Summit Therapeutics Inc (SMMT.O) said on Tuesday it would license China-based Akeso Inc's (9926.HK) experimental cancer therapy in a deal worth up to $5 billion, sending its shares up 57% in premarket trade. The deal involves an upfront payment of $500 million to Akeso, which will also be eligible for regulatory and commercial milestone payments of up to $4.5 billion. Additionally, Akeso will be eligible to receive low double-digit royalties on net sales, Summit said in a statement. Through the deal, Summit will get the rights to develop and commercialize the drug, ivonescimab, in the United States, Canada, Europe, and Japan, while Akeso will retain the rights for rest of the world, including China. The company also announced a $500 million rights offering and the issuance of $520 million in promissory notes.

The police chief of Tampa, Florida, has apologized and is asking for a disciplinary review of herself after she flashed her badge to get out of a stop for traveling in a golf cart without a license plate, officials said Thursday. Chief Mary O’Connor, who was appointed in February, was a passenger in a golf cart driven by her husband, police said in a statement. Tampa Police Chief Mary O’Connor in a golf cart driven by her husband in Oldsmar, northwest of Tampa, on Nov. 12. Tampa PD via YouTubeThe video shows O’Connor ask the deputy whether his body camera is on, and when he responds that it is, she says, “I’m the police chief in Tampa." I’m hoping that you’ll just let us go tonight,” O’Connor says as she opens her badge case and hands it to her husband, the video shows.

☆ Stocks making the biggest moves premarket: Marvell Technology, Horizon Therapeutics, DoorDash and more
▼ + stars: | 2022-12-02 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Zscaler (ZS) – The cloud security company reported a better than expected quarter, but its stock slumped 9.1% in premarket trading following conservative guidance. Horizon shares had soared 27.3% last Friday on news that it was in talks with several potential takeover partners. DoorDash (DASH) – DoorDash shares fell 2.8% in premarket trading after RBC Capital Markets downgraded the stock to "sector perform" from "outperform." Rigel Pharma (RIGL) – Rigel's stock soared 34% in the premarket after the FDA approved its drug to treat a certain type of leukemia. PagerDuty (PD) – The cloud computing company's stock jumped 6.6% in premarket trading after it reported an unexpected quarterly profit.

☆ Italy lawmakers call off vote on extending Ukraine arms supplies
▼ + stars: | 2022-11-29 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

In the wake of Russia's invasion of Ukraine, former Prime Minister Mario Draghi's administration introduced measures that made it possible to send weapons to Kyiv without seeking parliamentary authorisation for each shipment. Support for Ukraine has been a contentious topic within the ruling coalition, which includes Meloni's Brothers of Italy, Matteo Salvini's League and Silvio Berlusconi's Forza Italia parties. Earlier this month, a governing coalition official told Reuters that Italy was readying a sixth arms package for Ukraine, including air defence systems Kyiv had requested. The PD is also a supporter of Ukraine, while other leftist opposition forces want the government to shift focus from sending arms to stepping up diplomatic negotiations. Reporting by Angelo Amante, editing by Alvise Armellini, Alexandra Hudson and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

☆ Fact Check-Altered screenshot of California politician Randy Voepel sending ‘thoughts and prayers’ attributed to Colorado shooting on Nov. 19
▼ + stars: | 2022-11-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

But social media users are sharing a screenshot of a tweet by Voepel and misleadingly linking it to a shooting in Colorado on Nov. 19. Users online are sharing an image that purports to show Voepel tweeting, “Sending my thoughts and prayers” following the Colorado Springs shooting. Reuters reports on the Nov. 19 Colorado Springs shooting at Club Q and the suspect, Anderson Lee Aldrich, can be seen (here) and (here). Representatives for Voepel, El Paso County Sheriff’s Office, Colorado Springs PD, FBI Denver Field Office and the Department of Justice did not immediately respond to requests for comment. There is no record of Voepel tweeting “Sending my thoughts and prayers” after the shooting in Colorado Springs.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

Enrico Letta said his centre-left Democratic Party would organise street protests on Dec. 17, while former Prime Minister Giuseppe Conte, leader of the left-leaning 5-Star Movement, called the cuts to the citizens' wage "inhuman." The budget allocates over 21 billion euros next year in tax breaks and bonuses to help firms and households pay electricity and gas bills. This comes on top of some 75 billion euros of similar measures approved this year. The curbs on the citizens' wage, which the rightist coalition says discourages people from seeking work, is particularly contentious. Meloni, who has always opposed the citizens' wage, insisted it was wrong "to put people who can work on the same level as those that can't."

Two men with access to weapons were arrested at New York City's Penn Station early Saturday in connection with a probe of threats to the Jewish community, authorities said. The senior law enforcement sources said Brown had the swastika armband on him when he was arrested at the train station. NYPD Commissioner Keechant L. Sewell said in a statement that authorities first identified "a developing threat to the Jewish community" Friday. Three law enforcement sources said threats against the Jewish community were posted online. "Today, we’re extremely grateful to NYPD investigators and our law enforcement partners who uncovered and stopped a threat to our Jewish community," Sewell tweeted Saturday.

Zip ties were found at the scene of the attack of House Speaker Nancy Pelosi’s husband by an intruder at the couple’s California home, the San Francisco Police Department told NBC News Sunday. Police did not specify how many zip ties were found or the intended purpose for them. As Pelosi released his grip, the suspect yanked it and then struck Pelosi in the head, they said. Pelosi was rushed to Zuckerberg San Francisco General Hospital, where he “underwent successful surgery to repair a skull fracture and serious injuries to his right arm and hands,” the office of Nancy Pelosi, D-Calif., said in a statement Friday. Two sources told NBC News the intruder was searching for Nancy Pelosi, who was in Washington, D.C. at the time of the attack.

Tulsa police arrested the daughter of District Attorney Steve Kunzweiler on Tuesday after she allegedly stabbed her father — lead prosecutor in Oklahoma's second biggest county, authorities said. Police were called to Kunzweiler's home at about 2 p.m. CDT "in reference to a disturbance and an assault related to his daughter," Tulsa police Capt. Tulsa County District Attorney Steve Kunzweiler in Tulsa, Okla., on April 17, 2018. Tulsa PD Chief Wendell Franklin identified the suspect as the DA's daughter, Jennifer Kunzweiler. I am most appreciative of the response from the Tulsa Fire Department, EMSA, the Tulsa Police Department and the Tulsa County Sheriff’s Office.

☆ Exclusive: Russia aiming to fly solo without Airbus and Boeing
▼ + stars: | 2022-09-28 | by ( Gleb Stolyarov | ) www.reuters.com time to read: +6 min

"Foreign aircraft will drop out of the fleet," Rostec said in a written response to Reuters questions about its plans and the situation in Russia's aviation industry. "We believe that this process is irreversible and Boeing and Airbus planes will never be delivered to Russia," it said. Russian airlines, including Aeroflot, splurged on Boeing and Airbus aircraft as they sought to rebuild their fleets after the chaos of the 1990s. The MS-21 has been Russia's attempt to break into the main part of the jet market dominated by Airbus and Boeing. Then we will install PD-8 engines on this type of aircraft," Rostec said.

☆ LGBTQ Italians on alert as right-wing alliance triumphs in election
▼ + stars: | 2022-09-27 | by ( ) www.nbcnews.com time to read: +6 min

BERLIN — The triumph of a right-wing alliance in Italy’s election has raised concern among LGBTQ advocates, who fear nationalist leader Giorgia Meloni could adopt anti-gay policies as prime minister and set back their efforts to boost equality. What is Meloni’s stance on LGBTQ rights? Days before the election, however, a senior member of her Brothers of Italy (FdI) group suggested same-sex parenting was not normal. Despite lagging most of its EU neighbors on LGBTQ rights, a 2020 study by the U.S.-based Pew Research Center found 75% of Italians think homosexuality should be accepted. In the northern city of Verona, Stefano Ambrosini, a gay 28-year-old PhD student, said he feared Meloni’s election triumph could lead to an increase in homophobic violence.

☆ Market reaction to Italy election
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +3 min

Leader of Brothers of Italy Giorgia Meloni reacts at the party's election night headquarters, in Rome, Italy September 26, 2022. read moreFollowing is some of the initial reaction from market observers:LUCA CAZZULANI, HEAD OF STRATEGY RESEARCH; LOREDANA MARIA FEDERICO, CHIEF ITALIAN ECONOMIST, UNICREDIT"We expect a rather muted market reaction in terms of BTPs credit spread in the short term, as the election outcome was broadly in line with expectations. Some short covering is possible given investors entered the election moderately short BTPs and as the risk scenario of a landslide victory by the right is priced out. "The market knew this was how it was going to end and will remain focused at this stage on economic growth, monetary policy tightening and public finances, which remain a slippery slope for Italy." Register now for FREE unlimited access to Reuters.com RegisterReporting by Italy bureau and London Markets Team; Compiled by Agnieszka FlakOur Standards: The Thomson Reuters Trust Principles.

☆ Market reaction to Italy election outcome
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +6 min

Leader of Brothers of Italy Giorgia Meloni reacts at the party's election night headquarters, in Rome, Italy September 26, 2022. It last traded at 234 basis points. "Today's upward movement is a continuation of the market reaction seen on Friday after Britain's mini-budget and sounds like a warning to the eurozone countries as well." LUCA CAZZULANI, HEAD OF STRATEGY RESEARCH; LOREDANA MARIA FEDERICO, CHIEF ITALIAN ECONOMIST, UNICREDIT"We expect a rather muted market reaction in terms of BTPs credit spread in the short term, as the election outcome was broadly in line with expectations." We continue to expect the 10-year BTP-Bund spread to trade close to 250 basis points until year end."

Leader of Brothers of Italy Giorgia Meloni speaks at the party's election night headquarters, in Rome, Italy September 26, 2022. It is from tomorrow that we must prove our worth," the 45-year-old Meloni told cheering supporters of her nationalist Brothers of Italy party early Monday morning. The other major conservative party, Silvio Berlusconi's Forza Italia party, also scored around 8%, leaving Brothers of Italy the dominant partner. Despite its clearcut victory, the vote was not a ringing endorsement for the conservative alliance. The right took full advantage of Italy's electoral law, which benefits parties that forge pre-ballot pacts.

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