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  • Target Shareholders Reject Independent Chair Policy Proposal June 13, 2026 10:50 ET

    Target Corp. (TGT) announced the results of its 2026 Annual Meeting of Shareholders held on June 10, 2026. Shareholders rejected three proposals, including a request for a policy requiring the Board Chair to be independent, a report on the presence of pesticides in Target's private label brands, and...

  • JBS USA To Close Facilities In Pennsylvania And Tennessee, Pledges Support For Employees June 13, 2026 04:37 ET

    JBS USA announced plans to close two facilities located in Pennsylvania and Tennessee as part of targeted changes aimed at strengthening its operations for the future. The company emphasized its commitment to supporting employees impacted by the decision. The closures include the beef production facility...

  • Roche Secures FDA Approval For First PTEN IHC Companion Diagnostic In Prostate Cancer June 13, 2026 03:19 ET

    Roche (RHHBY) announced that the VENTANA PTEN (SP218) RxDx Assay has become the first immunohistochemistry (IHC) companion diagnostic test to receive approval from the U.S. Food and Drug Administration (FDA) for determining PTEN protein loss, also known as PTEN deficiency, in tumours of patients with...

  • OpenText Doubles Ireland Investment With EUR 105 Mln Commitment And 400 New Jobs June 13, 2026 03:05 ET

    OpenText (OTEX, OTEX.TO) has announced a 105 million euros investment that will create 400 new jobs across its sites in Ireland over the next three years. This commitment doubles the company's investment in the country and will significantly expand its capabilities in agentic AI, cybersecurity, sovereign...

  • AstraZeneca : FDA Approves Truqap Combination For PTEN-Deficient Metastatic Prostate Cancer June 13, 2026 02:43 ET

    AstraZeneca's (AZN,AZN.L,ZEG.DE,AZN.ST) Truqap (capivasertib), in combination with abiraterone and prednisone, has been approved in the US as the first and only targeted treatment for adult patients with PTEN-deficient metastatic androgen pathway modulation-naïve or -sensitive (mAPMN/S) prostate cancer—previously...

  • FDA Grants Accelerated Approval To Sanofi's Tzield For Children With Stage 3 Type 1 Diabetes June 13, 2026 02:01 ET

    Sanofi (SNY) announced that the U.S. Food and Drug Administration has granted accelerated approval to Tzield (teplizumab-mzwv) for delaying the decline in endogenous insulin production in children aged 8 to 17 years recently diagnosed with stage 3 type 1 diabetes (T1D). Tzield is not effective as a disease-modifying...

  • U.S. Stocks Extend Yesterday's Rally On U.S.-Iran Deal Optimism June 12, 2026 16:13 ET

    Following the rally seen over the course of the previous session, stocks saw further upside during trading on Friday. The major averages fluctuated early in the session but spent most of the day in positive territory.

  • U.S. Stocks Lack Direction Amid Focus On Iran, SpaceX Debut June 12, 2026 12:17 ET

    Stocks have shown a lack of direction over the course of the trading day on Friday, with the major averages bouncing back and forth across the unchanged line after ending the previous session sharply higher. Currently, the major averages are turning in a mixed performance on the day.

  • SpaceX Commences Trading On Nasdaq After Record $75 Billion IPO June 12, 2026 11:04 ET

    Much-awaited shares of Space Exploration Technologies Corp. (SPCX) have finally begun trading on the Nasdaq at $135 per share following the company's initial public offering (IPO) of 555.56 million Class A common shares, priced at $135 each. However, a recent Wall Street Journal report suggests that...

  • U.S. Consumer Sentiment Rebounds From Record Low In June June 12, 2026 10:33 ET

    With consumers experiencing some relief due to the early-month easing in gasoline prices, the University of Michigan released a report on Friday showing a bigger than expected rebound in U.S. consumer sentiment in the month of June. The University of Michigan said its consumer sentiment index jumped to 48.9 in June after slumping to 44.8 in May. Economists had expected the index to rise to 46.0.

  • Brent Crude Oil Prices May Climb 36% In 2026 On Middle East Conflict: World Bank June 12, 2026 09:43 ET

    The persisting conflict in the Middle East and the closure of the Strait of Hormuz are expected to keep the global energy prices elevated this year with a 36 percent increase in the Brent crude oil prices, a new report from the World Bank said.

  • ING Cuts TMBThanachart Bank Stake To 19.5% In EUR 243 Mln Buyback June 12, 2026 09:27 ET

    Dutch bank ING Groep N.V.(ING, INGA.AS, INN1.DE, 1INGA.MI) announced on Friday that it has cut its stake in Thailand's TMBThanachart Bank or TTB to 19.5 percent from 23.1 percent by participating in the lender's share buyback program. The company received gross proceeds of about 243 million euros...

  • Jazz Pharmaceuticals Phase 3 LAGOON Trial Fails To Meet Primary Endpoint Of Overall Survival June 12, 2026 09:14 ET

    Friday, Jazz Pharmaceuticals plc (JAZZ) announced that the Phase 3 LAGOON trial, evaluating Zepzelca (lurbinectedin) in patients with relapsed metastatic small cell lung cancer, did not meet its primary endpoint of overall survival. The trial, conducted by , comprised of three arms: one arm to receive...

  • U.S. Stocks May See Further Upside On U.S.-Iran Deal Optimism June 12, 2026 08:51 ET

    Following the rally seen over the course of the previous session, stocks are likely to see further 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 0.3 percent. Optimism about an end to the conflict in...

  • Trump Signs Proclamation Restoring Commercial Fishing In The Pacific June 12, 2026 08:41 ET

    President Donald Trump has signed a proclamation to restore commercial fishing access to nearly half a million square miles in the Pacific. The proclamation restores commercial fishing access to the Mau and Ho'omalu Zones of the Papahanaumokuakea Marine National Monument, the Islands Unit of the Mariana Trench Marine National Monument, and the Rose Atoll Marine National Monument. Prohibiting co

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.