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Bloomberg

Estee Lauder and IMAX Higher; Ross Stores Boost Forecast | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Estee Lauder (EL) share are climbing following collapse of a proposed combination with Puig Brands that would have created one of the world's largest fragrance and skincare companies. - IMAX Corp. (IMAX) shares jumped after the Wall Street Journal reported the large-screen theater company is exploring a sale and has approached entertainment companies as potential buyers. - Ross Stores (ROST) shares are up after the off-price retailer boosted its comparable sales forecast for the full year. The firm also posted better-than-expected sales for the first quarter.

Leia mais: Estee Lauder and IMAX Higher; Ross Stores Boost Forecast | Stock Movers
Bloomberg

Chrysler Reverses Luxury Strategy, Turns to $30k Models

Stellantis is making a dramatic U-turn, bringing back affordable Chrysler SUVs, reviving Dodge muscle cars, and expanding Ram with new SUVs and pickups. As inflation crushes car buyers, the automaker is abandoning its luxury-first strategy to win back mainstream America. Bloomberg's Auto Reporter Gabrielle Coppola joined Bloomberg Open Interest to talk about the pivot and what's ahead for the carmaker.

Leia mais: Chrysler Reverses Luxury Strategy, Turns to $30k Models
Bloomberg

APEC Is Important Part of Trade Agenda, US Diplomat Says

The US State Department's point man for APEC says the group of 21 countries is an important customer for American goods and services - including energy. Bloomberg's Chief North Asia Correspondent Stephen Engle spoke with Casey Mace, the US senior official to APEC, on the sidelines of the APEC trade ministers meeting in China.

Leia mais: APEC Is Important Part of Trade Agenda, US Diplomat Says
Bloomberg

NYSE's Martin Questions Some Rules Used to Attract SpaceX to Nasdaq

NYSE President Lynn Martin says some of the rules used to attract SpaceX to go public on the Nasdaq are "questionable." She says "market integrity" is not a "competitive dynamic." Martin says it's been a good year for IPOs across all industries and they're working to bring more companies public. She speaks on "Bloomberg Surveillance."

Leia mais: NYSE's Martin Questions Some Rules Used to Attract SpaceX to Nasdaq
Grafa

Assembly Biosciences to advance oral HDV drug into rare cholestatic liver diseases

Assembly Biosciences (NASDAQ:ASMB) announced plans to expand the clinical development framework for its experimental compound ABI-6250, pushing the asset beyond its initial virology target into chronic cholestatic liver conditions.

Leia mais: Assembly Biosciences to advance oral HDV drug into rare cholestatic liver diseases
Grafa

Enhertu secures positive EU panel backing for first pan-tumor HER2 therapy

Enhertu (trastuzumab deruxtecan) moved a step closer to a milestone regulatory approval in Europe, securing a positive recommendation from the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) as a tumor-agnostic treatment for advanced solid malignancies.

Leia mais: Enhertu secures positive EU panel backing for first pan-tumor HER2 therapy