Financial Wire - Financial News

Citigroup Downgrades Veeva Systems to Neutral From Buy, Adjusts Price Target to $176 From $291

Veeva Systems (VEEV) has an average rating of overweight and mean price target of $272.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$VEEV

Livzon Pharmaceutical Gets China Nod for Trial of Helicobacter Pylori Drug

Livzon Pharmaceutical Group's (SHE:000513, HKG:1513) obtained approval to conduct a clinical trial of JP-1366 Tablet from China's National Medical Products Administration, according to a Friday Hong Kong bourse filing.The approval is for the indication of the combination of the drug with appropriate antibiotics for the eradication of Helicobacter pylori.

$HKG:1513$SHE:000513

Paramount Resources Acquires Additional Securities Of Canadian Premium Sand

Paramount Resources (POU.TO) said Friday that it has acquired additional securities of Canadian Premium Sand (CPS.V).Paramount said it acquired C$275,000 in principal amount of 12.0% secured convertible debentures of CPS as part of a private placement recently completed by CPS.The 2026 convertible debentures mature on Feb. 26, 2027, with a conversion price of $0.15 per share.Concurrently with the completion of the private placement, CPS also amended the terms of its outstanding 12.0% secured convertible debentures previously issued in February 2020 to reduce the conversion price thereof to $0.15 per share from $0.75 per share.Paramount would hold a total of 25,780,297 common shares, representing a 25.66% stake in CPS, following the conversion of all 2020 and 2026 convertible debentures held by the company.Prior to the transaction, Paramount held 17,946,964 common shares or a 19.38% interest in CPS.

$CPS.V$POU.TO

Japan9d ago

Neo Performance Materials Commissions Heavy Rare Earth Separation Production Line In Europe

Neo Performance Materials (NEO.TO) said Friday that it has commissioned its heavy rare earth element (HREE) solvent extraction small-scale production line at its Silmet facility in Estonia.The line is operating at nameplate capacity, and efforts are now focused on delivering stable product purity before transitioning to routine production capacity, a statement said.The operation has produced its first separated terbium and dysprosium process solutions, required for metal making, from mixed rare earth carbonate feedstock, with all processing completed in Europe, a significant a milestone, Neo said."The successful launch of our heavy rare earth separation in Estonia represents a critical step in Neo's strategy to build the most vertically integrated rare earth magnetics value chain in Europe," said chief executive Rahim Suleman."Our rare earth value chain now spans both light and heavy rare earth processing, enabling the separation and finishing of select elements into value-added, engineered end-use applications. This achievement enables Neo to provide secure, traceable, and high-quality heavy rare earth materials to our European permanent magnet facility, supporting our customers' most demanding applications."Neo's heavy rare earth separation initiative complements its European permanent magnet facility in Estonia, which is advancing through customer qualification milestones, with commercial production expected to ramp later in 2026.Neo shares closed up $0.76, to $22.60 on Thursday, on the Toronto Stock Exchange.

$NEO.TO

International9d ago

US Dollar Mixed Early Friday, Focus on Consumer Prices

The US dollar was mixed against its major trading partners early Friday -- up versus the yen and Canadian dollar, down versus the euro and pound -- ahead of the release of March consumer price data at 8:30 am ET, which is expected to be heavily impacted by rising energy prices due to the conflict in Iran.Overall CPI is expected to rise by 0.9% on that energy price spike, while core prices, which exclude the food and energy components, are seen up by only 0.3%.The University of Michigan's preliminary consumer sentiment index for April is due to be released at 10:00 am ET, at the same time as factory orders data for February.The St. Louis Federal Reserve is expected to update its GDP nowcast estimate for Q1 around midday, and the US Treasury is scheduled to publish its March budget statement at 2:00 pm ET.A quick summary of foreign exchange activity heading into Friday:EUR/USD rose to 1.1716 from 1.1701 at the Thursday US close and 1.1674 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for April 30.GBP/USD rose to 1.3440 from 1.3436 at the Thursday US close and 1.3405 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for April 30.USD/JPY rose to 159.2040 from 159.0822 at the Thursday US close and 159.0410 at the same time Thursday morning. Japanese producer price growth accelerated in March while Japanese consumer sentiment declined in April, according to data released overnight. The next Bank of Japan meeting is scheduled for April 27-28.USD/CAD rose to 1.3836 from 1.3813 at the Thursday US close, but was below a level of 1.3853 at the same time Thursday morning. Canadian employment data for March is due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for April 29.

$EUR/USD$GBP/USD$USD/CAD$USD/JPY

Financial News

Citigroup Downgrades Veeva Systems to Neutral From Buy, Adjusts Price Target to $176 From $291

Livzon Pharmaceutical Gets China Nod for Trial of Helicobacter Pylori Drug

Paramount Resources Acquires Additional Securities Of Canadian Premium Sand

Citigroup Downgrades Veeva Systems to Neutral From Buy, Adjusts Price Target to $176 From $291

Livzon Pharmaceutical Gets China Nod for Trial of Helicobacter Pylori Drug

Paramount Resources Acquires Additional Securities Of Canadian Premium Sand

US Equity Futures Flat Pre-Bell as Fragile US-Iran Ceasefire Causes Wariness Among Traders

ICBC Sells 50 Billion Yuan Bonds

Neo Performance Materials Commissions Heavy Rare Earth Separation Production Line In Europe

Himalaya Shipping Insider Sold Shares Worth $4,020,000, According to a Recent SEC Filing

Heranba Industries Launches Two Crop Nutrition Products

CIFI Logs 1.15 Billion Yuan in March Contracted Sales

Citigroup Downgrades DocuSign to Neutral From Buy, Adjusts PT to $50 From $99

Stephens Downgrades Simply Good Foods to Equalweight From Overweight, Adjusts Price Target to $14 From $24

Citigroup Downgrades NICE to Neutral From Buy, Adjusts Price Target to $119 From $184

Silicon Rental Solutions Gets Laptop Order Worth INR12 Million

US Dollar Mixed Early Friday, Focus on Consumer Prices

Citigroup Downgrades CCC Intelligent Solutions to Neutral From Buy, Cuts Price Target to $6 From $10

Wells Fargo Downgrades Axalta Coating Systems to Equal Weight From Overweight, Adjusts Price Target to $30 From $39

B. Riley Upgrades MacroGenics to Buy From Neutral, Triples Price Target to $9 From $3

Jins' Profit Slides 10% in Fiscal H1; Cuts Full-Year Forecasts

Morgan Stanley Upgrades Ryman Hospitality Properties to Overweight From Equalweight, Price Target is $88

BTIG Initiates Infleqtion at Buy With $22 Price Target