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Shares of CSL Ltd. (CSL.AX, CMXHF.PK) were gaining around 2 percent after the Australian biotech company on Wednesday confirmed its fiscal 2019 outlook of net profit after tax in the range of approximately $2.05 billion to $2.11 billion at constant currency. The outlook represents a growth of around...

Dutch semiconductor equipment maker ASML Holding N.V. (ASML) reported Wednesday that its third-quarter net income dropped to 626.8 million euros from last year's 680.4 million euros. Net income per ordinary share fell to 1.49 euros from 1.60 euros a year ago. Net sales for the quarter increased...

Roche Holding AG (RHHBY) reported that Group sales increased 10 percent at constant exchange rates and 9 percent in Swiss francs, in the first nine months of 2019, due to new products. Pharmaceuticals Division sales were up 12 percent, driven by high demand for recently launched medicines, mainly Ocrevus,...

Abacus Health Products, Inc., a manufacturer of CBD-based topical pain-relief treatments, said it will enter the U.S. convenience store market segment through a distribution agreement with E&S International Enterprises, Inc. or ESI. Canada-based Abacus Health manufactures and sells over-the-counter...

pharmadown-oct15.jpg The following are some of the healthcare stocks that posted the biggest percentage decline on Tuesday.

Three major drug distributors are in talks with State and local governments on a potential $18 billion settlement of litigation that blames them for fueling the U.S. opioid crisis, the Wall Street Journal reported citing people familiar with the matter. The three distributors — McKesson Corp., AmerisourceBergen...

Origin Energy Limited's (ORG.AX, OGFGF.PK) chairman Gordon Cairns has reinforced the company's position on environmental and social governance, informing shareholders that many of the assertions of minority shareholder groups looking to force change in those areas "lack scientific rigour, peer review,...

pharmaup-oct15.jpg The following are some of today's top gainers in the healthcare sector.

Anglo-Australian mining giant Rio Tinto Plc (RTNTF, RIO, RIO.L, RTPPF) reported that its third-quarter pilbara iron ore shipments were 86.1 million tonnes on 100% basis, up 5% from the third quarter of 2018. Pilbara iron ore production of 87.3 million tonnes--100% basis--was 6% higher than the third...

Power management company Eaton (ETN) Tuesday said it has agreed to sell its lighting business to Signify N.V. for $1.4 billion in cash. The company said it decided to sell its lighting business after completing a comprehensive review of various potential transaction alternatives to maximize shareholder...

MGM Resorts International (MGM) Tuesday said it has agreed to sell the Bellagio resort in Las Vegas to Blackstone Group for $4.25 billion. However, MGM Resorts will lease it back from Blackstone Group for initial annual rent of $245 million and continue to operate the property. MGM Resorts will...

United Continental Holdings Inc. (UAL) released a profit for its third quarter that increased from last year. The company's profit came in at $1.02 billion, or $3.99 per share. This compares with $0.83 billion, or $3.05 per share, in last year's third quarter. Excluding items, United Continental...

JB Hunt Transport Services Inc. (JBHT) reported earnings for its third quarter that advanced from the same period last year. The company's bottom line came in at $151.22 million, or $1.40 per share. This compares with $131.11 million, or $1.19 per share, in last year's third quarter. The company's...

Hedge fund DE Shaw has called for changes at US automation and building equipment group Emerson Electric (EMR). In a letter sent Emerson's board, Shaw has asked the board to consider splitting the company into two separate companies, reduce its operating costs and to improve its corporate governance...

libra-oct15.jpg The Libra Association, formed by major financial partners of Facebook's Libra cryptocurrency project, formalized the association at the inaugural Libra Council meeting of the members at its headquarters in Geneva, Switzerland. The current 21 member organizations formally signed onto the Libra Association charter, elected the Board of Directors, and appointed the executive team.

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