jetcityimage/iStock Editorial via Getty Images Cummins (NYSE:CMI) said Thursday it was awarded a $75M federal grant to convert 360K sq ft of existing manufacturing space at its Columbus engine plant in Indiana for zero-emissions components and electric powertrain systems. Cummins (CMI) said the grant, which is part of the appropriationsContinue Reading
Maikel de Vaan/iStock Editorial via Getty Images Raytheon Technologies, a unit of RTX (NYSE:RTX), on Thursday said it was awarded a $1.2 billion contract to supply Germany with additional Patriot air and missile defense systems. The Patriot order is the second one for Germany this year. The contract includes theContinue Reading
MagioreStock/iStock via Getty Images Euroseas (NASDAQ:ESEA) +3.4% pre-market Tuesday after saying it entered a time charter contract for one of its feeder boxships with an unnamed “top-tier liner company” at an average $16.5K gross daily rate. The two-year charter for the 1,732 TEU, 1999-built Joanna will begin after the completionContinue Reading
CUHRIG/E+ via Getty Images South32 (OTCPK:SOUHY) said Monday it secured approval from the Australian Foreign Investment Review Board for the sale of its Illawarra metallurgical coal assets to an entity owned by Golden Energy and Resources and coal trader M Resources. The $1.65B deal announced in February – comprised ofContinue Reading
Moussa81/iStock via Getty Images Skeena Resources (NYSE:SKE) +8.2% to a 52-week high in Friday’s trading after saying the British Columbia Court of Appeal overturned rulings by the Chief Gold Commissioner and Supreme Court of British Columbia regarding ownership of waste rock and tailings from the Eskay Creek mine stored inContinue Reading
Waldemarus Roche (OTCQX:RHHBY) unit Genentech announced Friday that the U.S. Food and Drug Administration (FDA) approved a new ready-to-use format for its eye disease therapy Vabysmo to treat three leading causes of vision loss. Accordingly, the bispecific antibody, also known as faricimab, will be available in a new format forContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.35% The center-left Labour Party won a landslide victory, ending 14 years of Conservative rule. Germany (DAX:IND) +0.86% Industrial production in Germany decreased 2.50% in May France (CAC:IND) +0.55% reaching a three-week-high. France May trade balance -€8B vs -€7.6B expected Retail sales in BulgariaContinue Reading
Christopher Furlong/Getty Images News 14 years of Conservative rule have ended in the U.K. after the Labour Party won the U.K. general election by a landslide, with Keir Starmer becoming the new prime minister. He’s been given a major mandate with 408 seats out of 650 in parliament, picking upContinue Reading
Justin Sullivan/Getty Images News Wolfe Research has a list of stocks it says could be potential winners if Donald Trump were to win his presidential re-election bid and lead a Republican-controlled Congress. The debate between President Joe Biden and former President Trump last week led to a further shift inContinue Reading
jetcityimage/iStock Editorial via Getty Images The U.S. FDA has approved Eli Lilly’s (NYSE:LLY) donanemab as a treatment for early Alzheimer’s disease. The therapy, which is given via infusion once a month, will be marketed under the name Kisunla. Lilly noted that the treatment will cost $12,522 over six months andContinue Reading
