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Asian Markets Trade Mostly Lower: Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday, as traders react to downbeat factory activity data from China for the fourth straight month in August. They also remain optimistic over the outlook for interest rates after a report showing US consumer prices increased in line with estimates in July.

Asian Markets Trade Mostly Lower Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday, as traders react to downbeat factory activity data from China for the fourth straight month in August.

Biotech Stocks Facing FDA Decision In September 2024: As September unfolds, let us review some of the regulatory news that made headlines last month and look ahead to what this month has in store.

Biotech Stocks Facing FDA Decision In September 2024 As September unfolds, let us review some of the regulatory news that made headlines last month and look ahead to what this month has in store..

Weekly Biotech Buzz: BMRN Cuts Jobs, FDA Approves New Mpox Vaccine, MRK Halts 2 Keytruda Studies: As biotech companies reprioritize their research and development activities, the sector continues to face layoffs. Unfortunately, this week was no exception. The FDA greenlighted a new vaccine for Mpox, which is the second for this viral infection, amid increasing cases in Africa.

Weekly Biotech Buzz: BMRN Cuts Jobs, FDA Approves New Mpox Vaccine, MRK Halts 2 Keytruda Studies As biotech companies reprioritize their research and development activities, the sector continues to face layoffs. Unfortunately, this week was no exception. The FDA greenlighted a new vaccine for Mpox, which is the second for this viral infection, amid increasing cases in Africa.

U.S. Stocks Fluctuate Before Closing Sharply Higher: Stocks fluctuated over the course of the trading session on Friday before eventually ending day sharply higher. The Dow closed higher for the fifth time in the past six sessions, reaching a new record closing high. The major averages reached new highs for the session going into the close of trading.

U.S. Stocks Fluctuate Before Closing Sharply Higher Stocks fluctuated over the course of the trading session on Friday before eventually ending day sharply higher. The Dow closed higher for the fifth time in the past six sessions, reaching a new record closing high.

India GDP Growth Slowest In 5 Quarters: India's economy grew at the slowest pace in five quarters in the three months to June, as a slowdown in farm output, and a slump in government spending offset the gains in manufacturing and private consumption. Gross domestic product grew 6.7 percent year-on-year following a 7.8 percent increase in the March quarter, preliminary figures from the country's statistical office showed Friday.

India GDP Growth Slowest In 5 Quarters India's economy grew at the slowest pace in five quarters in the three months to June, as a slowdown in farm output, and a slump in government spending offset the gains in manufacturing and private consumption.

Emergent's Smallpox Vaccine For Mpox Receives FDA Approval: Emergent BioSolutions Inc. (EBS) has recently obtained FDA approval for a new preventive vaccine, known as ACAM2000, designed to protect individuals at high risk from mpox. This single-dose vaccine, initially authorized for smallpox in 2007, has now been granted an expanded indication.

Emergent's Smallpox Vaccine For Mpox Receives FDA Approval Emergent BioSolutions Inc. (EBS) has recently obtained FDA approval for a new preventive vaccine, known as ACAM2000, designed to protect individuals at high risk from mpox.

UC Berkeley Researchers Discover New Chemical Process To Recycle Plastics: The University of California, Berkeley researchers have made significant progress in tackling the issue of plastic waste with their groundbreaking findings, which were recently featured in the journal Science. They have developed an innovative chemical process that has the potential to revolutionize the way plastics are recycled. Their chemical process involves breaking down commonly used plastics by converting them into gas through chemical reactions.

UC Berkeley Researchers Discover New Chemical Process To Recycle Plastics The University of California, Berkeley researchers have made significant progress in tackling the issue of plastic waste with their groundbreaking findings, which were recently featured in the journal Science.

Second Case Of Mosquito-borne EEE Virus Detected In Massachusetts: Massachusetts Department of Public Health (MDPH) has confirmed a second human case of the mosquito-borne Eastern Equine Encephalitis (EEE) virus in the state.

Second Case Of Mosquito-borne EEE Virus Detected In Massachusetts Massachusetts Department of Public Health (MDPH) has confirmed a second human case of the mosquito-borne Eastern Equine Encephalitis (EEE) virus in the state. The patient is a woman in her 30s who was exposed in Plymouth County, located in the southeastern region of the state.

Cannabis, Hallucinogen At 'Historically High Levels' In 2023, Study Finds: According to the latest Monitoring the Future survey, the use of cannabis and hallucinogen among adults aged 19-30, and 35-50 remained at 'historically high levels' in 2023.

Cannabis, Hallucinogen At 'Historically High Levels' In 2023, Study Finds According to the latest Monitoring the Future survey, the use of cannabis and hallucinogen among adults aged 19-30, and 35-50 remained at 'historically high levels' in 2023.

Ohio Health Officials Encourage Vaccination Amid Rise In COVID-19 Cases: According to the Ohio Department of Health, the COVID-19 cases in the state has surpassed 8,000 last week, raising concerns about the spread of the virus.

Ohio Health Officials Encourage Vaccination Amid Rise In COVID-19 Cases According to the Ohio Department of Health, the COVID-19 cases in the state has surpassed 8,000 last week, raising concerns about the spread of the virus. "We clearly have been seeing a modest rise," said state Health Director Dr.

Study Reveals Semaglutide Lowers The Risk Of Death From Covid-19: A recent international study led by researchers from Brigham and Women's Hospital has revealed that semaglutide, the GLP-1 inhibitor present in Ozempic and Wegovy, lowered the risk of death from Covid-19 during the pandemic.

Study Reveals Semaglutide Lowers The Risk Of Death From Covid-19 A recent international study led by researchers from Brigham and Women's Hospital has revealed that semaglutide, the GLP-1 inhibitor present in Ozempic and Wegovy, lowered the risk of death from Covid-19 during the pandemic.

Researchers Warn About Global Micronutrient Deficiency: The World Health Organization defines micronutrients as vitamins and minerals needed by the body in small amounts, with deficiency in any of them leading to severe and even life-threatening conditions.

Researchers Warn About Global Micronutrient Deficiency The World Health Organization defines micronutrients as vitamins and minerals needed by the body in small amounts, with deficiency in any of them leading to severe and even life-threatening conditions.

Global Economics Weekly Update - August 25 - 30, 2024
https://youtu.be/6i-0cuNc9R4

🔷U.S. GDP Growth Accelerates More Than Previously Estimated In Q2
U.S. GDP growth in the second quarter was upwardly revised to 3.0% from the previously reported 2.8%.
https://www.rttnews.com/3471830/u-s-gdp-growth-accelerates-more-than-previously-estimated-in-q2.aspx?type=useco

🔷U.S. Consumer Confidence Unexpectedly Continues To Improve In August
The Conference Board's consumer confidence index rose to 103.3 in August from an upwardly revised 101.9 in July.
https://www.rttnews.com/3471227/u-s-consumer-confidence-unexpectedly-continues-to-improve-in-august.aspx?type=useco

🔷Eurozone Inflation Lowest Since Mid-2021
Euro area inflation slowed to 2.2% from July's 2.6%, thanks to a drop in energy prices, while core figure eased to 2.8% from 2.9%.
https://www.rttnews.com/3472024/eurozone-inflation-lowest-since-mid-2021.aspx?type=eueco

🔷German Business Confidence Weakens Further Signaling Long Stagnation
The ifo business confidence index fell to 86.6 from 87.0 in July as companies judged their current situation as worse and turned more pessimistic regarding the outlook.
https://www.rttnews.com/3470992/german-business-confidence-weakens-further-signaling-long-stagnation.aspx?type=eueco

🔷Australia Inflation Eases In July
Australia's consumer price inflation moderated to 3.5% in July from June's 3.8% on energy rebates.
https://www.rttnews.com/3471364/australia-inflation-eases-in-july.aspx?type=aeco

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Global Economics Weekly Update - August 25 - 30, 2024 🔷U.S. GDP Growth Accelerates More Than Previously Estimated In Q2U.S. GDP growth in the second quarter was upwardly revised to 3.0% from the previously repo...

U.S. Stocks Turn Mixed After Seeing Early Strength: Stocks moved mostly higher early in the session on Friday but have given back ground over the course of the trading day. The major averages have all pulled back well off their highs of the session.

U.S. Stocks Turn Mixed After Seeing Early Strength Stocks moved mostly higher early in the session on Friday but have given back ground over the course of the trading day. The major averages have all pulled back well off their highs of the session.

U.S. Stocks Move Mostly Higher Following Closely Watched Inflation Data: Stocks have moved mostly higher during trading on Friday, with the major averages all moving to the upside following the mixed performance seen in the previous session. The strength on Wall Street comes after the Commerce Department released readings on U.S. consumer price inflation that are said to be preferred by the Federal Reserve.

U.S. Stocks Move Mostly Higher Following Closely Watched Inflation Data Stocks have moved mostly higher during trading on Friday, with the major averages all moving to the upside following the mixed performance seen in the previous session.

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In August: Consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of August, the University of Michigan revealed in a report released on Friday. The University of Michigan said its consumer sentiment index for August was upwardly revised to 67.9 from the preliminary reading of 67.8.

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In August Consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of August, the University of Michigan revealed in a report released on Friday.

UK Mortgage Approvals Near 2-Year High: UK mortgage approvals increased to a 22-month high in July as hopes of further interest rate cuts lured buyers to the housing market, data released by the Bank of England revealed Friday. Net mortgage approvals for house purchase rose to 62,000 in July from 60,600 in June. This was the highest since September 2022 and also exceeded economists' forecast of 60,500.

UK Mortgage Approvals Near 2-Year High UK mortgage approvals increased to a 22-month high in July as hopes of further interest rate cuts lured buyers to the housing market, data released by the Bank of England revealed Friday.

Chicago Business Barometer Rises But Still Indicates Contraction In August: A reading on Chicago-area business activity saw a modest increase in the month of August but continues to indicate contraction, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer crept up to 46.1 in August from 45.3 in July, but a reading below 50 still indicates contraction.

Chicago Business Barometer Rises But Still Indicates Contraction In August A reading on Chicago-area business activity saw a modest increase in the month of August but continues to indicate contraction, according to a report released by MNI Indicators on Friday.

U.S. Consumer Prices Increase In Line With Estimates In July, Annual Growth Unexpectedly Flat: A highly anticipated report released by the Commerce Department on Friday showed U.S. consumer prices increased in line with economist estimates in the month of July, while the annual rate of price growth was unexpectedly flat. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching up by 0.1 percent in June.

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Pre-market Movers: BNRG, NCNA, PALT, ESTC, LUNR.: Israel-based thermal energy business Brenmiller Energy Ltd (BNRG) is up over 122 percent in Friday's pre-market trading. The following are some of the other stocks making big moves in Friday's pre-market trading.

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U.S. Stocks May See Initial Strength Following Inflation Data: With traders digesting closely watched consumer price inflation data, stocks are likely to move to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent.

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German Unemployment Rises Less Than Forecast: German unemployment increased less than expected in August despite weak economic activity, official data revealed Friday. The jobless rate stood at 6.0 percent in August, the same rate as seen in July and June, the Federal Employment Agency reported.

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Futures Point To Positive Open For Wall Street: Initial cues from the U.S. Futures Index suggest that Wall Street might open positive on Friday.

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Arizona Launches Home Energy Rebate Program To Save Energy, Cost: The U.S. Department of Energy has announced that Arizona has launched its first federal Home Energy Rebates program to help middle-income households to save energy and money on energy-efficient home upgrades. Supported by the Inflation Reduction Act, Arizona is the second state in the nation to launch the Home Electrification and Appliance Rebates portion of the rebate program. Arizona's launch

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𝗙𝗗𝗔 𝗔𝗽𝗽𝗿𝗼𝘃𝗲𝘀 𝗘𝗺𝗲𝗿𝗴𝗲𝗻𝘁 𝗕𝗶𝗼𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀’ 𝗦𝗺𝗮𝗹𝗹𝗽𝗼𝘅 𝗩𝗮𝗰𝗰𝗶𝗻𝗲 𝗙𝗼𝗿 𝗠𝗽𝗼𝘅 𝗧𝗼𝗼

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https://www.rttnews.com/Products/BiotechInvestor/story.aspx?Id=3472072&type=bipm

Cautious Optimism Ahead Of PCE Data: Market sentiment remains cautiously optimistic ahead of the monthly update to PCE readings, the Fed's preferred inflation gauge.

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US, Peru Sign MoU To Strengthen Cooperation On Critical Minerals: The United States and Peru have signed a Memorandum of Understanding to strengthen cooperation between the two countries on critical minerals.

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FDA Raises Age Limit For Verification Of To***co Buyers To 30: The U.S. Food and Drug Administration has announced a final rule that raises the minimum age for verification of to***co buyers to 30.

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UK, France Agree To Work Together To Dismantle Human Smuggling Routes: To fight the shared challenge of small boat crossings, the United Kingdom and France have agreed to intensify efforts to dismantle human smuggling routes further upstream.

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French Inflation Slows To 3-Year Low; Economy Logs Slower-Than-Estimated Growth: French inflation slowed to a three-year low in August due to the sharp slowdown in energy price growth and the economy registered a slower-than-initially estimated growth in the second quarter on weaker contribution from trade and subdued investment, official data revealed Friday. The consumer price index posted an annual increase of 1.9 percent after rising 2.3 percent in July, provisional data

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