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BioMark, Astrazeneca, Pfizer Canada, IUCPQ Foundation Collaborating on Early Detection of Lung Cancer

Equities Staff | Equities.com |

BioMark Diagnostics Inc. (CSE: BUX) (FSE: 20B) (OTC: BMKDF) ("BioMark") an advanced stage liquid biopsy company with a focus on hard-to-detect-and-treat cancers is pleased to announce today that its Quebec-based wholly owned subsidiary BioMark Diagnostic Solutions Inc. ("BDS") will be participating in a sponsored research project which aims to enhance the efficiency of current lung cancer screening programs and facilitate the identification of individuals who would benefit from more invasive tests, such as lung biopsy.


Stocks Close Broadly Lower as Powell Signals Faster Tapering by Fed

Reuters | Equities.com |

Wall Street's main indexes closed lower on Tuesday after Federal Reserve Chair Jerome Powell signaled that the U.S. central bank would consider speeding up its withdrawal of bond purchases as inflation risks increase, piling pressure onto a market already nervous about the latest COVID-19 variant.

In a testimony before the Senate Banking Committee, Powell indicated that he no longer considers high inflation as "transitory" and that the Fed would revisit the timeline for scaling back its bond buying program at its next meeting in two weeks. read more


UK Regulator Rules Facebook Must Sell Giphy

AP News | Equities.com |

The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images.

The Competition and Markets Authority said Tuesday that the deal would let Facebook “increase its already significant market power” by denying or limiting other platforms’ access to Giphy GIFs and driving traffic to Facebook-owned sites. It has noted previously that there’s only one other big provider of GIFs, Google’s Tenor.


US Bank Profits Slip 1.2% in Q3

Reuters | Equities.com |

U.S. bank profits fell 1.2% in the third quarter of 2021 to $69.5 billion as firms were slower to shrink their credit loss provisions and grappled with low interest rates, the Federal Deposit Insurance Corporation reported Tuesday.

Bank profits are still up nearly 36% from the same time a year ago when banks were still rushing to set aside funds to guard against pandemic-driven loan losses.


Vaccine Stocks Soar Amid Omicron-Related Volatility

Reuters | Equities.com |

The emergence of a worrisome coronavirus variant is benefiting shares of vaccine makers Moderna Inc (MRNA), BioNTech (BNTX) and Pfizer (PFE) as investors search for winning bets in markets roiled by uncertainty in recent days.

Moderna shares have jumped 28% since last week when the variant, named Omicron, triggered global alarm. Shares of vaccine partners Pfizer and BioNtech have also climbed over that time, with Pfizer up 6% and U.S. shares of BioNTech jumping 15%, in contrast to a decline in the S&P 500 of 2.5%.


GM To Begin Delivery of Hummer Electric Pickup Truck by Mid-December

Kimberly Redmond | Equities.com |

General Motors Company (GM) expects to start deliveries of its new flagship vehicle, the GMC Hummer electric pickup truck, by the middle of December.

Duncan Aldred, global vice president of GMC and Buick, said on Tuesday the Hummer’s launch will begin with a $113,000 special “Edition 1” pick-up truck and that subsequent models with lower starting prices will be added in 2023. (https://www.reuters.com/business/autos-transportation/gm-begin-hummer-electric-pic...


Dollar Tree To Raise Base Prices to $1.25

Kimberly Redmond | Equities.com |

Faced with the rising cost of goods and freight, discount retailer Dollar Tree Inc (Nasdaq: DLTR) plans to increase its baseline price from $1.00 to $1.25.

On Tuesday, the Chesapeake, Virginia-based chain said it has begun marking up merchandise at its 8,000 US stores, the latest sign that higher manufacturing and transportation costs are trickling down to consumers.


CVS Health To Close 900 US Stores Over Next Three Years

Kimberly Redmond | Equities.com |

CVS Health will close about 900 US stores over the next three years as part of a larger shift away from retail and toward healthcare services.

On Thursday, the Woonsocket, Rhode Island-based drugstore chain said its decision — which will ultimately impact 9% of its 10,000 stores nationwide — comes after “evaluating changes in population, consumer buying patterns and future health needs.”


Novo Nordisk To Acquire Dicerna Pharmaceuticals for $3.3 Billion

Kimberly Redmond | Equities.com |

Danish drugmaker Novo Nordisk A/S plans to buy US-based biotech Dicerna Pharmaceuticals Inc in a $3.3 billion cash deal.

Under the terms of the agreement announced Thursday, Novo will pay $38.25 per share in cash, an 80% premium to Dicerna’s closing price on Nov. 17. https://www.novonordisk.com/content/nncorp/global/en/news-and-media/news-and-ir-materials/news-details.html?id=87435 

Based in Lexington, Massachusetts, Dicerna’s drug development has...


Heineken To Acquire Control of Distell and Namibia Breweries in $4.6 Billion Deal

Kimberly Redmond | Equities.com |

Dutch beer giant Heineken NV (OTC: HEINY) has struck a deal to acquire Distell Group Holdings Ltd (OTC: DSTZF) and a controlling interest in Namibia Breweries to form a South African drinks group worth 4 billion euros ($4.6 billion).

Under the terms of the agreement announced Monday, Heineken will acquire Distell in a deal that values the company at around 2.2 billion euros ($2.5 billion).


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