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In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.6% to just a whisker above a nine-month low hit the previous day. That brought the total loss for the week to 3.4% and marked the third straight week of declines for the index. Shares of Chinese property developers (.HSMPI) listed in Hong Kong fell 1.2%, after China Evergrande (3333.HK) filed for protection from creditors in a U.S. bankruptcy court. "At the start of the year China's economy was powering ahead. Brent crude futures dipped 0.2% to $83.94 per barrel and U.S. West Texas Intermediate crude futures was flat at $80.36.
Persons: Yuan, HSI, China Evergrande, Jonas Goltermann, Goltermann, Padhraic Garvey, Sam Holmes, Jacqueline Wong Organizations: SYDNEY, Nasdaq, Nikkei, Bank of, Technology, HK, Capital Economics, ING, Atlanta Federal, U.S ., U.S, Brent, . West Texas, Thomson Locations: Japan, Europe, Asia, Pacific, Bank of Japan, Hong Kong, China, U.S, Beijing, Americas
CNN —The Lamborghini Lanzador is only a concept car for now, but the Italian supercar maker says it offers a preview of the brand’s very first fully electric model which will go into production in 2028. With no space needed for a gas engine — in a gas-powered Lamborghini sports car, it would be behind the seats — the Lanzador has small back seats. Other automakers, like Rimac and Automobili Pininfarina (which uses Rimac technology), already sell electric two-seat supercars costing millions of dollars. Porsche — which like Lamborghini is part of the Volkswagen Group — took a similar approach with its first EV. Lamborghini has committed to selling only “electrified vehicles,” meaning either plug-in hybrid or fully electric, by the end of 2024.
Persons: Lamborghini, It’s, Stephan Winkelmann, Winkelmann, Rimac, Organizations: CNN, Lamborghini, luxe, Pininfarina, Porsche, Volkswagen Locations: Italian, Urus
Why Maui’s rebuilding effort will be so expensive
  + stars: | 2023-08-18 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
All told, doing business in Hawaii is about 30% more expensive than the cost of doing business in the rest of the United States, according to Moody Analytics. “Based on similar historical events, this is likely conservative, as building delays and supply and demand cause additional pressures on reconstruction costs,” said Verisk. Construction permitting generally takes longer in Hawaii than most mainland locations, said Jessica Leorna, CEO of the state’s Building Industry Association. That’s especially true for construction workers, who were in short supply even before the fires, according to the state’s Building Industry Association. And workers from elsewhere in the state or the Southeast could drive home on weekends,” he said.
Persons: , Beau Nobmann, Jae C, ” Jason Thies, Nobmann, Jessica Leorna, Jones, it’s, Adam Kamins, there’s, Ian, “ That’s Organizations: New, New York CNN, Moody Analytics, HPM, Homes, Industry Association, Labor, Labor Department, state’s, Moody’s Analytics, Moody’s Locations: New York, Maui, United States, Hawaii, Lahaina , Hawaii, Canada, Asia, West Coast, California, Washington, Hawaii’s, Florida
And last month, the E.P.A. In his first interview since his July 20 confirmation, Mr. Uhlmann said he was intent on increasing the number of administrative actions as well as the criminal and civil cases that the E.P.A. brings for violations of environmental law. intends to announce enforcement priorities, with a new emphasis on greenhouse gas emissions. The agency said it would focus on making sure that oil and gas wells, landfills and other facilities did not leak methane, a powerful greenhouse gas.
Persons: Uhlmann, Organizations: University of Michigan Law School Locations: Louisiana, E.P.A, America, United States
At 89, Still Making Art (and Bread) With a Message
  + stars: | 2023-08-15 | by ( Bob Morris | ) www.nytimes.com   time to read: +1 min
“To live in a war and be a refugee is a lifelong education,” Schumann said of a childhood in which he experienced bombings in Germany’s Silesia region, which is now part of Poland. “There’s no equivalent to it in the U.S.”The printing press posters, chapbooks and calendars he designs drive his messages home and come from an uncompromising faith in “Cheap Art.” His manifesto about it states the importance of its unimportance — cheap, lightweight, undermining the sanctity of affluence and in opposition to the money-hungry “business of art.” For decades, his wife, Elka Schumann, who died in 2021, on a Sunday in August, oversaw the printing press that turns out countless pieces, all drawn with his bold and expressionistic hand and celebrating life while questioning abuses of power. (One poster of an iris reads “Resistance to the Empire”; a chapbook on courage urges “Dig through the dirt.”)But for all the questions firing like flares at society, with Schumann’s humor and pathos, there is one — far more insular in focus — on the minds of those around him: What will happen to his company when he is gone? “It’s been an ongoing conversation for 15 years, and we’re still figuring it out,” said his son Max Schumann, 59, an artist and the departing executive director of Printed Matter, a nonprofit based in New York City that sells artists’ books.
Persons: ” Schumann, , , Elka Schumann, It’s, we’re, Max Schumann Locations: Germany’s Silesia, Poland, U.S, New York City
A frigid apocalypse doomed early humans in Europe
  + stars: | 2023-08-10 | by ( Will Dunham | ) www.reuters.com   time to read: +5 min
REUTERS/David Mdzinarishvili REUTERS/File PhotoAug 10 (Reuters) - Long before our species Homo sapiens trekked out of Africa, earlier human species also spread to other parts of the world. The frigid interval - comparable in intensity to the more recent ice ages - appears to have rendered Europe inhospitable for the bands of early human hunter-gatherers, as extreme glaciation deprived them of food resources. Fossils and stone tools indicate that Homo erectus established a foothold in Eurasia and later southern Europe relatively early in its history. The human species who subsequently colonized Europe proved more resilient amid persistent glacial conditions. "The study provides insights into the initial vulnerability of early human species to environmental changes and how eventually they adapted to increasing glacial climatic stress," Timmermann said.
Persons: David Lordkipanidze, David Mdzinarishvili, Chris Stringer, Stringer, Axel Timmermann, Chronis Tzedakis, erectus, Homo, sapiens, Timmermann, Will Dunham, Rosalba O'Brien Organizations: Georgian Academy of Sciences, REUTERS, David Mdzinarishvili REUTERS, Pusan National University, University College London, Thomson Locations: Dmanisi, Tbilisi, Africa, Europe, Spain, London, South Korea, Eurasia, Georgia, Italy, Germany, Washington
[1/2] Storelv river flows through Hoenefoss Center as the extreme weather "Hans" is expected to cause significant water damage in the coming days, in Hoenefoss, Norway, August 9, 2023. NORWAY OUT. Strong winds, intense rain and landslides hit the Nordic region earlier this week, knocking out power lines and bringing public transport to a standstill. According to the institute, data shows that precipitation in Norway has increased by around 18% over the last 100 years, with the biggest rise taking place in the last 30-40 years. Jana Sillmann, a research director at the Oslo-based Centre for International Climate Research, said extreme weather events, such as the torrential rain seen this week, will be more frequent as the climate warms.
Persons: NTB, Annika Byrde, Read, Ingvild Villa, Jana Sillmann, heatwaves, El, Sillmann, Terje Solsvik, Christina Fincher Organizations: Center, Norwegian Meteorological Institute, International Climate Research, UN, El Nino, Thomson Locations: Hoenefoss, Norway, NORWAY, OSLO, Oslo, Sweden, Nordic
The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty ImagesThere's finally a winner for the massive Mega Millions jackpot — but the lucky ticketholder may face unexpected pitfalls, experts say. A single ticket sold in Florida matched all six numbers Tuesday night, marking the game's largest prize in history, according to Mega Millions. While Florida doesn't tax lottery winnings, there's an upfront 24% federal tax withholding that goes to the IRS. 'The curse of the lottery is real'In addition to taxes, the Mega Millions winner will likely encounter other obstacles, experts say.
Persons: Justin Sullivan, there's, they'll, Andrew Stoltmann, Let's, Stoltmann, Warren Racusin, Lowenstein Sandler, Sam Organizations: Mega, Stoltmann Law, Republicans Locations: Florida, Chicago
Nitiana Mann, the F.B.I. legal attaché for Australia, stressed the global nature of the battle against child abuse. At a joint news conference between the two countries’ law enforcement agencies in Australia, Ms. Mann said that the F.B.I. had made 79 arrests in the United States, resulting in 65 indictments and 43 convictions. She added that the bureau had sent information and evidence related to the pedophile ring to law enforcement agencies in scores of countries.
Persons: Nitiana Mann, , Mann Locations: Florida, , United States, Australia
CNN —A total of 98 people have been arrested in connection with child sex abuse, and 13 children rescued from harm, US and Australian authorities said Tuesday, more than two years after two FBI agents were killed investigating an alleged international pedophile ring. Two FBI agents investigating the alleged ring were shot dead in 2021 while executing a search warrant for a computer programmer suspected of possession of child abuse material, CNN previously reported. The alleged child abuse ring was a “peer to peer network” with “some offenders committing offenses for over 10 years,” said Australian Federal Police Commander Helen Schneider. Australian investigationThe Australian police investigation began in 2022 when the FBI passed on details of Australian members of a peer-to-peer network allegedly sharing child abuse material on the dark web. “The complexity and anonymity of these platforms means that no agency or country can fight these threats alone.”Most of the Australian alleged offenders had jobs that required advanced IT skills, police said in a statement.
Persons: , Helen Schneider, , ” Schneider, Nitiana Mann, Schneider, Mann, Daniel Alfin, Laura Schwartzenberger, George Piro Organizations: CNN, FBI, Federal Bureau of Investigation, Australian Federal Police, AFP, Miami FBI Locations: Australia, Canberra, , Florida
Emilija Manevska | Moment | Getty ImagesConsumers may soon be able to access $14,000 or more of federal rebates for making energy-efficient upgrades to their home. The IRA devotes a total of $8.8 billion for two initiatives: the Home Efficiency Rebates program (which offers up to $8,000) and the Home Electrification and Appliance Rebates program (up to $14,000). However, consumers may be able to pair rebates with certain clean energy tax credits, which are currently available. How the Home Efficiency Rebates program worksIn dollar terms, larger rebates are generally available to the lowest earners. How the Home Electrification and Appliance Rebates program works
Persons: Emilija, Joe Biden, Kara Saul Rinaldi, We've, Jennifer Amann, Amann Organizations: Getty, Energy, AnnDyl, Home Energy, American Council for, Weatherization, U.S . Department of Housing, Urban Locations: Florida
Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. In Switzerland, up to 10,000 jobs could be affected with Zurich bearing the brunt if UBS goes ahead with its indicated preferred option of absorbing Credit Suisse and cutting overlapping jobs and operations. "The large banks have many highly paid very specialized roles, where frankly there is very little demand in the market outside UBS and Credit Suisse," he said. Job cuts at Credit Suisse will hit Swiss and foreign nationals on its payroll, which may mean some have to leave Switzerland if they can't find a new job. Swiss banks have been looking in particular to snap up relationship managers with strong client relationships and solid books.
Persons: Denis Balibouse, headhunter Fredy Hausammann, Hausammann, Adecco, Balz Stueckelberger, Sergio Ermotti, Lombard Odier, Marco Arnold, Giorgio Pradelli, Pradelli, EFG, Noele Illien, Susan Fenton Organizations: UBS, Credit Suisse, REUTERS, Reuters, State Secretariat, Economic Affairs, Arbeitgeber Banker, Swiss, EFG's, Thomson Locations: Zurich, Switzerland, Swiss, Europe, Zug
CNN —Rising temperatures have sucked more than 10 trillion gallons of water out of the Colorado River Basin between 2000 and 2021 – a volume about the size of Lake Mead – according to a recent study. The Tier 1 shortage took effect in January 2022; a Tier 2 shortage – due to even lower water levels at Lake Mead, the nation’s largest reservoir – was implemented in January 2023. Last summer in particular set off alarm bells when the water level in Lake Mead dropped an astonishing 20 feet over the course of four months. Mead, fed by the Colorado River, fell to its lowest level to-date in July 2022, with lake elevation of 1040 feet. “Even though there’s been a wet winter, there’s still going to be that 10% reduction in runoff.”The Colorado River flows through the Grand Canyon on the Hualapai reservation.
Persons: Lake Mead –, ” Benjamin Bass, , John Locher, Lake Mead, Mead, ” Bass, Bass, there’s, Ethan Gutmann, , ” Gutmann Organizations: CNN, UCLA, Water Resources Research, AP State, National Center for Atmospheric Research, National Oceanic, Atmospheric Administration Locations: Colorado, Lake, American, Lake Mead, snowier
“There are many checks on the legislative and executive branches, but there are simply no checks on the Supreme Court,” Kontorovich said, without citing examples. Video Ad Feedback Hear Netanyahu respond to judicial overhaul plans amid protests 03:17 - Source: CNNUnlike many democracies, Israel does not have a written constitution. While they are a minority in Israel, they have different reasons for backing the judicial plan. The prime minister in his Thursday interview with CNN failed to confirm whether he’d accept a Supreme Court ruling that struck down the “reasonableness” law. Following backlash from the opposition, however, Netanyahu in a statement attempted to reassure the public, saying that Israeli governments “always respect” court decisions.
Persons: Benjamin Netanyahu’s, Eugene Kontorovich, Kontorovich, Netanyahu, ” Kontorovich, Israel “, , Tommy Lamm, Ronnie Lottner, , Naftali Bennett’s, Tamar Hermann, ” Hermann, Gideon Rahat, Bennett, Yair Lapid, Hermann, Israel Democracy Institue Organizations: CNN, White, Israel’s, West Bank, Israel Democracy Institute, Hebrew University of Jerusalem’s, Israel Democracy Locations: Israeli, Israel,
The Italian brand, a subsidiary of Germany's Volkswagen (VOWG_p.DE), sold 5,341 cars between January and June, up 4.9% on the same period last year. Chairman and CEO Stephan Winkelmann said it was not easy to make forecasts due to market uncertainties, including with raw materials, but added that selling 10,000 cars this year was a "feasible goal". Rival Ferrari (RACE.MI), whose headquarters is less than 40 kms (25 miles) away, shipped more than 13,200 cars last year. Lamborghini is investing 1.9 billion euros to 2027 in its shift to hybrid and electric cars, but further investments are expected. The line-up is set to become all hybrid next year with the new Urus and a new sports car replacing the Huracan.
Persons: Stephan Winkelmann, Winkelmann, Ferrari, Lamborghini, Giulio Piovaccari, Mark Potter Organizations: EMEA, Lamborghini, Germany's Volkswagen, Huracan, Ferrari, Thomson Locations: U.S, H1 MILAN, United States, Europe
July 28 (Reuters) - Goldman Sachs (GS.N) executive Julian Salisbury will join investment firm Sixth Street as a partner and co-chief investment officer early next year, his incoming firm said, marking yet another high-profile exit from Goldman. Salisbury will reunite with Goldman alums in his new role, including Sixth Street CEO Alan Waxman. Salisbury became a partner in 2008 and previously served as global co-head of the asset management unit before it was combined with wealth management under Marc Nachmann last year. Goldman's asset management division has promoted 11 partners and hired nine new managing directors focused on investing this year, a company spokeswoman said. Salisbury has "done a great job putting together all these asset management businesses over the last few years," Nachmann said in an interview.
Persons: Goldman Sachs, Julian Salisbury, Salisbury, Goldman alums, Alan Waxman, Marc Nachmann, Julian, Waxman, Dina Powell McCormick, Gregg Lemkau, Katie Koch, Goldman, Nachmann, It’s, David Solomon, Lloyd Blankfein, Manya Saini, Niket, Lananh Nguyen, Vinay Dwivedi, Matthew Lewis Organizations: Sixth, Goldman, MSD Partners, TCW, Reuters, Thomson Locations: Goldman, Salisbury, London, Moscow, New York, Russia, China, Bengaluru, Lananh
Now, Julian Salisbury is leaving Goldman Sachs after 25 years without a replacement. In a memo Friday, CEO David Solomon thanked Salisbury, chief investment officer of the bank's asset and wealth management division, for his "contributions to Goldman Sachs, our clients and our people." Also leaving the bank is Takashi Murata, co-head of Asia Pacific private investing and global co-head of real estate within Goldman Sachs' asset management unit. Nachmann's memo said Richard Spencer will become EMEA head of Real Estate and Nikhil Reddy will become Asia Pacific head of Real Estate. That's part of the virtuous ecosystem of Goldman Sachs," he added.
Persons: Julian Salisbury, Goldman, Goldman Sachs, David Solomon, Salisbury, Marc Nachmann, Takashi Murata, Jim Garman, Nachmann, Richard Spencer, Nikhil Reddy, Richard, Nikhil, Murata, Solomon Organizations: Goldman, Management, GS, Sixth, Wall Street, Asia Pacific, EMEA Locations: Salisbury, Asia Pacific
Europe’s banks are bracing for a wave of defaults
  + stars: | 2023-07-27 | by ( Anna Cooban | ) edition.cnn.com   time to read: +3 min
London CNN —Some of Europe’s biggest banks are setting aside more cash to absorb potential losses on loans, as rising interest rates increase pressure on borrowers. So far, there are “limited signs of stress” across the bank’s loan portfolios, Anna Cross, group finance director at Barclays, told reporters. Loan loss provisions at Deutsche Bank (DB) jumped 72% to €401 million ($446 million) in the second quarter, Germany’s biggest lender said Wednesday. Jonas Goltermann, deputy chief markets economist at Capital Economics, told CNN that he was most worried about the potential for losses on bank loans to the commercial real estate sector. “The near-term economic outlook for the euro area has deteriorated, owing largely to weaker domestic demand,” the bank’s President Christine Lagarde told reporters.
Persons: Anna Cross, Jonas Goltermann, , Goltermann, Christine Lagarde, — Hanna Ziady Organizations: London CNN —, Barclays, Deutsche Bank, DB, Spain’s, European Central Bank, Bank of England, Capital Economics, CNN, Locations: Spain’s Santander, Europe, United Kingdom
A long-awaited rally in crude oil prices has helped the Club's three oil-and-gas companies become some of our top-performing stocks over the past month. Brent crude, the global oil benchmark, and West Texas Intermediate crude, the U.S. oil standard, have both climbed by more than 10% since late June. Energy stocks linked to crude — including Club names Halliburton (HAL), Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) — have risen on oil's fortunes. U.S. producers also have shown restraint, Kumar told CNBC, with domestic crude production hovering around 12.3 million barrels per day all year . Moreover, a year-over-year drop in U.S. rig counts points to "a bit of a decline in oil production" down the road, Kumar said.
Persons: we're, Brent, Cowen, Jason Gabelman, Gabelman, Truist's Neal Dingmann, Dingmann, Mizuho, Nitin Kumar –, , Kumar, Baker Hughes, Goldman Sachs, Halliburton, Ukraine —, Truist's Dingmann, Jim Cramer's, Jim Cramer, Jim, Suzanne Cordeiro Organizations: West Texas, Halliburton, HAL, Coterra Energy, Natural Resources, Bausch Health, CNBC, Bloomberg, of Petroleum, Wall, AFP, Getty Locations: U.S, Saudi Arabia, Russia, OPEC, Ukraine, Texas, New Mexico, Stanton , Texas
“In the next few years, the main impact of AI on work will be to help people do their jobs more efficiently,” Microsoft co-founder Bill Gates said in a blog post recently. Big Tech companies are now rushing to jump on the AI bandwagon, pledging significant investments into new AI-powered tools that promise to streamline work. News outlet CNET had to issue “substantial” corrections earlier this year after experimenting with using an AI tool to write stories. Others like Clarke, the publisher, have tried to combat the fallout from the rise of AI by relying on more AI. “You listen to these AI experts, they go on about how these things are going to do amazing breakthroughs in different fields,” Clarke said.
Persons: hasn’t, Neil Clarke’s, Clarke, , ” Clarke, “ It’s, ChatGPT, Bill Gates, it’s, Shakked, Neil Clarke, Lisa R, Clarke Mathias Cormann, ” Cormann, ’ Ivana Saula, Saula, ” Saula, , Gizmodo Organizations: CNN, Microsoft, Big Tech, Massachusetts Institute of Technology, MIT’s Department of Economics, Clarkesworld Magazine, Organization for Economic Co, Development, “ Workers, International Association of Machinists, Aerospace Workers, ” Workers, CNET, Star Locations: Shakked Noy, MIT’s, newsrooms
In his role as a consultant, Mr. Heuermann was often the person brought in to make these sorts of determinations. Like so many professions, architecture can be punishingly stratified, and Mr. Heuermann, who by all accounts was extremely knowledgeable about the city’s labyrinthine building codes, did not fall on the visionary side of the spectrum. Last week a friend called to say that someone had been apprehended in the Gilgo Beach murders and that, however astonishingly, we both knew him. Mr. Heuermann had been in her apartment — deeply aggravating in the moment and intensely creepy in retrospect — and had been rude and dismissive when her architect called him out on a miscalculation he made. During her own renovation, she told me, workers discovered some rotting beams between her apartment and the one above, a problem that Mr. Heuermann said needed to be remedied with drawings for the replacements, which he would produce.
Persons: Heuermann, Kelly Parisi Organizations: Fifth, AMS, Brooklyn Heights, Yale Locations: Massapequa, New York, Nantucket
"I think people expected a lot more revenue growth in the third quarter, plus there was the weakness in [average revenue per membership]," said analyst Michael Nathanson of MoffettNathanson. Netflix stock sank more than 9% Thursday after a quarterly earnings report that was largely positive, but left Wall Street underwhelmed and uncertain about key revenue drivers. Netflix's stock has risen on the rollout of ad-supported streaming and a new password sharing policy, which are both meant to boost revenue. "Most of our revenue growth this year is from growth in volume through new paid memberships, and that's largely driven by our paid sharing rollout," Neumann said. In a note following the earnings report, however, Cahall said "patience is a virtue," and called out investors that were "over-exuberant on paid sharing," noting revenue growth will take longer.
Persons: Michael Nathanson, Spencer Neumann, Neumann, Wells, Steven Cahall, Cahall, Greg Peters Organizations: MoffettNathanson, Netflix, Wall Street, Hollywood
"The strike is not something we wanted," said Sarandos, whose company is negotiating jointly with competing movie studios like Disney and Paramount whose parent companies also own streaming services. Some big-media companies that own streaming services, like Paramount and Disney, have seen their shares drop even in the renewed bull market of the past year. LightShed Partners analyst Rich Greenfield says Netflix made $6.5 billion last year excluding interest, taxes, and non-cash charges, while rival streaming services at Paramount, Disney and NBC lost more than $8 billion. That's a relatively small number for an industry with revenues topping $70 billion, $31.6 billion of it last year at Netflix. Paramount Global's Paramount+ service lost $1.8 billion last year, but saw losses shrink in the first quarter.
Persons: Mike Blake, Mark Mahaney, Ted Sarandos, Greg Peters, Michael Pachter, Robert Iger, Iger, CNBC's David Faber, Max, Rich Greenfield, Mahaney, hasn't, Jake Urbanski, Jamie Lumley, Peters, Spencer Neumann Organizations: Guild of America, Netflix, Alliance, Producers, Wednesday, Writers Guild of America, Screen, American Federation of Television, Radio Artists, Disney, Paramount Global, Amazon, Wedbush Securities, Television Producers, CNBC, Walt Disney Co, Sun, Paramount, Warner Bros, LightShed, NBC, Hollywood, Moody's Investors Service, Writers ' Guild of America, WGA, Twitter, Hulu, Comcast, Apple Locations: Los Angeles , California, U.S
CNN —The Women’s World Cup is finally here and the tournament’s second day of action holds plenty of intriguing storylines. Olympic champion Canada kicks off its campaign in the opening game of Friday’s action, before one of the Women’s World Cup debutants – the Philippines – make its bow at the worldwide event. Nigeria vs. CanadaCanada is considered one of the favorites to compete for the Women’s World Cup title in Australia and New Zealand following its recent success. I know being in the World Cup is going to bring a lot of awareness. From 1995 onwards, only three World Cup debutants have won their opening match at a World Cup.
Persons: La Roja, Christine Sinclair, Adriana Leon, Allysha Chapman, Kadeisha Buchanan, Shelina Zadorsky, Ashley Lawrence, Sinclair, Julie Ertz, Jack GruberUSA, Bev Priestman, ” Priestman, , Sarina Bolden, Bolden, ” Bolden, , Jason McCawley, Alisha Lehmann, Inka Grings, ” Lehmann, , Alexia Putellas, Jennifer Hermoso, Putellas –, Juan Manuel Serrano Arce, Raquel Rodríguez Cedeño Organizations: CNN, Canada, La, . Canada, Sinclair, Olympic Games, Olympics, FIFA, Super Falcons, Republic of Ireland, Dunedin, , soccer team, Western Sydney Wanderers, Western United, New, , Wellington Regional, Women’s Champions League, Portland Thorns Locations: Philippines, Costa Rica, Qatar, Nigeria, Canada, Melbourne, Switzerland, Dunedin, Wellington, Spain, . Canada Canada, Australia, New Zealand, Tokyo, Sweden, Republic of, Zealand, Norway, Ecuador, ” Spain, Barcelona, Panama
Hikma shares rose by as much as 9.4% in their largest one-day increase since last September. Pfizer is the largest supplier in the U.S. injectables market and Hikma is the second-largest, analysts said. Hikma, which has a market value of around $5.6 billion compared with Pfizer's $205.7 billion, might struggle to meet demand, Herrmann said. European healthcare stocks (.SXDP) were up around 0.7% on the day, outperforming the broader STOXX 600 (.STOXX), which rose 0.4%. Pfizer shares were up 0.16% in premarket trading.
Persons: Fresenius, Max Herrmann, Herrmann, Hikma, Amanda Cooper, Jan Harvey Organizations: Pfizer, Reuters, Thomson Locations: U.S, Rocky Mount, North Carolina, Hikma
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