Stocks

ISM Manufacturing Index Unexpectedly Rises in August But Tariff Uncertainty Still Weighs

ISM Manufacturing Index Unexpectedly Rises in August But Tariff Uncertainty Still Weighs

Manufacturing unexpectedly increased in August as almost all of the industries in the Institute for Supply Management’s purchasing managers’ index reported gains, even as uncertainty about reciprocal tariffs weighed on sentiment. The PMI reached 61.3 compared with a reading of 58.1 in July, and against the consensus on Econoday for a decline to 57.7. The new orders index rose to […]

Cannabis Market Could Hit $272 Billion by 2028 as Canada Prepares Recreational Legalization

The cannabis industry could be worth $272 billion by 2028 as Canada becomes the first Group of Seven country to legalize the drug for adult recreational use next month and steps are being taken elsewhere to loosen restrictions, according to Barclays. The current cannabis market is worth $150 billion globally, although that’s “largely illicit,” according to Barclays. It compares with […]

Apellis Shares Rise After Saying Co-Treating With Eculizumab and APL-2 Shows Improvement

Apellis Shares Rise After Saying Co-Treating With Eculizumab and APL-2 Shows Improvement

Apellis Pharmaceuticals (APLS) shares rose as much as 4.1% in Tuesday trading after the clinical-stage biopharmaceutical company provided an update on its US-based phase 1b Pharoah trial for patients with paroxysmal nocturnal hemoglobinuria (PHN). Shares rose 2.8% to $19.90 at 2:04 pm ET in New York on Tuesday. The Pharoah trial is evaluating treatment with APL-2, a novel inhibitor of […]

JPMorgan Settles Discrimination Lawsuit from Black Advisers with $24 Mln Payment

JPMorgan Settles Discrimination Lawsuit from Black Advisers with $24 Mln Payment

JPMorgan Chase & Co. (JPM) reached a settlement with financial advisers who claimed they were poorly treated because they are black, agreeing to pay a total of $24 million instead of taking the case to court, Bloomberg reported Tuesday, citing Aug. 31 filings. Six current and former JPMorgan employees filed what they asked to be a class action, on allegations […]