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The Financial Times reports that AbbVie is close to acquiring biotechnology company Apogee Therapy for approximately $11 billion. The deal is expected to be announced as early as Monday.
German Chancellor Merz: Assuming the United States will abide by the agreement on pharmaceuticals.
June 19th - According to a report in the British newspaper *The Times*, several British cabinet ministers will tell Prime Minister Steiner this afternoon (June 19th) that a "timetable" should be set for his departure. The report states that several cabinet ministers will tell Steiner that his "time has come."
Market pricing indicates that bets on a Fed rate hike have increased, fully priced in the expectation of a 25 basis point rate hike in September.
According to The Times, British cabinet ministers will ask Prime Minister Starmer to clarify his timetable for leaving office this afternoon.
DTEK, Ukraine's Kyiv-based power company: Russian attacks over the past two days have severely damaged DTEK's energy facilities in Ukraine's Dnipropetrovsk region.
Belgian Defense Minister: Europe will achieve basic self-sufficiency in conventional defense within five to ten years.
Israel Defense Forces spokesperson: We will take action to protect Israeli citizens.
A spokesperson for the Israel Defense Forces said: "We have been authorized to take action to thwart the threat."
An IDF spokesperson stated that the military struck more than 100 Hezbollah targets and that the IDF will continue strikes as needed.
The UK government has extended the license, allowing the company to continue doing business with Lukoil International Ltd., which is headquartered in Austria.
Concerns over the Strait of Hormuz caused European natural gas prices to rise by as much as 5.6% at one point.
Canadian regulators have lowered the CET1 ratio for major banks to 11%.
US President Trump: It's not that we're in a hurry to meet, it's that we're in a hurry to meet, it's that we're in a hurry to meet. They're finished! We'll hold out for 60 days. They won't get a penny, not a single cent!
June 19th - Canadian retail sales rose for the fourth consecutive month in April, primarily driven by increased sales at gas stations and fuel retailers. Statistics Canada data released Friday showed that retail sales rose 0.5% month-over-month in April, reaching a seasonally adjusted $73.03 billion (approximately US$51.65 billion). This increase was slightly lower than the agency's previous forecast of 0.6%, while March's increase was 0.9%. Compared to the same period last year, April's retail sales grew by 3.7%. The agency stated that, according to preliminary statistics, May's retail sales grew by 1%; however, this figure is based on feedback from 52.1% of surveyed retailers and will be revised accordingly.
Following the release of retail sales data, the Canadian dollar stabilized near a 14-month low against the US dollar, falling 0.1% to 1.4155 today.
Statistics Canada estimates that retail sales will grow by 1.0% in May.
Canada's core retail sales rose 0.1% month-on-month in April, below the expected 0.7% and the previous month's figure revised from 1.40% to 1.2%.
Iranian Foreign Ministry Spokesperson: Iran will take all necessary measures to protect its interests and allies.
Russian Central Bank Governor Nabiullina: The room for interest rate cuts has narrowed.
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Apr 21, 2023 13:58
Apr 20, 2023 13:54