europe

Lilly Shares Drop As Cancer Therapy Lartruvo Fails Study

Lilly Shares Drop As Cancer Therapy Lartruvo Fails Study

Eli Lilly & Co. (NYSE: LLY) said on Friday its cancer treatment Lartruvo, approved on an accelerated basis in 2016, failed to improve patient survival in a long-term study and will no longer be prescribed, driving shares down 3%.The Company said..

Study shows 20% Growth of the Worlds Billionaires

Study shows 20% Growth of the Worlds Billionaires

This is something nobody ever wants to hear… the rich just keep getting richer. On Friday a study released by UBS and PwC revealed that the wealth of the world's billionaires increased 20% in 2017 to $8.9 trillion!China’s rich are l..

Venture Capitalist Firm to Raise Next Largest European Fund

Venture Capitalist Firm to Raise Next Largest European Fund

Venture capitalist firm Lakestar is attempting to raise the next largest European fund for startup investments. Lakestar is targeting around USD 800 Million in investments, according to three people with knowledge of the matter. There’s no cer..

Deutsche Bank Shares Slip After Plans to Cut 7000 Jobs

Deutsche Bank Shares Slip After Plans to Cut 7000 Jobs

Deutsche Bank (NYSE:DB) shares slipped by 6.4 percent after it announced to cut more than 7,000 jobs to reduce expenses and return profitability back to reassure investors and clients.The bank released a statement regarding its Equities business rev..

Easing Trade Tensions Portend Steady Stock Markets

Easing Trade Tensions Portend Steady Stock Markets

Easing trade tensions between China and the United States mean US stocks can only go up on May 14. Futures predicted a 0.2 percent opening gain for S&P 500. The Dow Jones Industrial Average or DJIS may go up by 0.3 percent. The Stoxx Europe 600 ..

Investors Shrug Off Inflation Fears

Investors Shrug Off Inflation Fears

It is clear that equity market sentiment is not negatively influenced by the news of inflation rise in the United States. Stock markets all over the world went up. These showed resilience to all concerns regarding the overheated US economy. The effe..