The Food and Drug Administration (FDA) has moved swiftly to alleviate concerns over potential drug shortages following the tornado strike on a Pfizer plant in North Carolina. Assuring the public, the FDA stated that there are currently ample supplies of drugs in hospitals and the distribution system to prevent a crisis. Contrary to initial reports that the plant supplied 25% of … [Read more...] about FDA Addresses Concerns about Tornado’s Impact on Pfizer Plant
Forex News
Glencore Maintains Full-Year Guidance as Copper Production Slips
Glencore, the Anglo-Swiss commodity mining and trading company, has confirmed its full-year guidance despite a slight decline in copper production during the first half of the year. While there were decreases in zinc and nickel output, cobalt and gold production saw increases. Copper Production In the first half of the year, Glencore produced 488,000 metric tons of copper, … [Read more...] about Glencore Maintains Full-Year Guidance as Copper Production Slips
Cosmos Health Shares Fall 22% After Securities Purchase Agreements
By Chris Wack Cosmos Health shares experienced a significant decline of 22% to $1.94 following the announcement of securities purchase agreements with institutional investors. The agreements involve the purchase and sale of 2.1 million shares in a registered direct offering, as well as warrants to buy up to 1.9 million shares in a concurrent private placement. Stock Performance … [Read more...] about Cosmos Health Shares Fall 22% After Securities Purchase Agreements
Hanover Insurance Expects Loss in Second Quarter
Hanover Insurance, based in Worcester, Massachusetts, has announced that it anticipates a loss in the second quarter of this year. The losses are a result of significant catastrophe losses linked to an unusually stormy season. The company estimates that it will record approximately $262 million in catastrophe losses for the quarter. These losses are mainly attributed to 19 … [Read more...] about Hanover Insurance Expects Loss in Second Quarter
European Commission Approves State Aid for Decarbonization Efforts of Thyssenkrupp and ArcelorMittal
By Pierre Bertrand The European Commission has given its approval for state aid measures amounting to a total of €2.85 billion ($3.19 billion) to be allocated towards decarbonizing the operations of Thyssenkrupp and ArcelorMittal. Thyssenkrupp's Steel Europe Business Thyssenkrupp's Steel Europe business will receive a grant of up to €550 million from the German government. The … [Read more...] about European Commission Approves State Aid for Decarbonization Efforts of Thyssenkrupp and ArcelorMittal
