Morgan Stanley has upgraded Ivanhoe Mines to "Overweight" while downgrading Alcoa and Vale to "Equal-weight," citing a changing supply forecast that favors copper and precious metals over aluminum and iron ore.
The Athens General Composite index closed down 2.14% on Wednesday, dragged lower by losses in the banking, telecommunications, and household sectors. On the Athens Stock Exchange, declining stocks significantly outnumbered advancing ones.
Shares of Beam Therapeutics fell on Monday following an adverse arbitration ruling in a licensing dispute with competitor Prime Medicine. A broader market sell-off also contributed to the pressure on the stock.
Cuban authorities are working to restore electricity, starting in the capital city of Havana, after the national electric grid collapsed on Monday. The cause of the failure has not been officially announced, compounding the island's ongoing energy crisis.
European wholesale natural gas prices rose on Tuesday, driven by forecasts of a summer heatwave and concerns over reduced pipeline flows from Norway and a slower-than-usual injection rate into storage facilities.
Investment firm TD Cowen has named Agios Pharmaceuticals a top biotechnology pick following the U.S. Food and Drug Administration's decision to grant priority review to the company's supplemental New Drug Application for mitapivat in treating sickle cell disease.
Honda is recalling 325,588 Odyssey minivans from the 2018-2020 model years due to a faulty rearview camera. The defect, which can cause the display image to fail, poses an increased risk of a crash.
The People's Bank of China continued its gold purchasing streak in June, marking the 20th consecutive month of additions to its reserves. The country's total gold holdings rose to 75.44 million fine troy ounces.
Super Micro Computer has announced a new Kubernetes Edge AI appliance developed with Red Hat and Everpure, leading to a rise in the company's stock. The solution is designed to simplify the deployment and management of AI applications in distributed edge environments.
