- The Nasdaq closed flat, losing 0.02% at 13,610.54.
- Ant Group strikes a deal with Chinese regulators.
- GW Pharmaceuticals US$7.2bn takeover deal skyrockets share price.
The US markets closed flat on Wednesday as swings for GameStop and AMC subside ahead of today?s US regulators meeting with US Treasury Secretary Janet Yellen.
The tech-heavy Nasdaq fell 0.02% to close at 13,610.54 after losing its trend near a record high close in the final hour of trade. Meantime, the S&P500 gained 0.1% at 3830.17 and the Dow Jones climbed 0.12% at 30,723.60.
GameStop closed 2.68% higher at US$92.41 while AMC Entertainment climbed 14.71% at US$8.97 on Wednesday after ?meme? stocks took a plunge on Tuesday.
The Australian dollar is buying 76 US cents.
Bitcoin continues to trend upward reaching an overnight high of US$37,899 for the first time since the 15th of January. The world?s largest cryptocurrency has gained 6.45% in the last 24-hours.
Ant group has reached a deal with Chinese regulators to restructure the business after they halted its US$37bn IPO last year. The new structure will see Ant place all of its major businesses into a financial holdings company to comply with the new regime.
A takeover deal by Jazz Pharmaceuticals for GW Pharmaceuticals worth US$7.2bn has sent GWPH shares skyrocketing 46% to a record high on Wednesday. The deal will see a biopharma leader established as neuroscience focused Jazz acquires the first company to gain FDA approval for a drug derived from the cannabis plant.
The Texas Department of Public Safety has issued an Amber Alert to the public on the popular horror film Chucky doll as a suspect of a child abduction in the State in what the department deems a ?test malfunction?.