Mar 12, 2024
Trial Setback For Acadia Pharmaceuticals’ Late-Stage Schizophrenia Trial: Details

Monday, Acadia Pharmaceuticals Inc (NASDAQ:ACAD) released top-line results from the Phase 3 ADVANCE-2 trial evaluating pimavanserin for negative symptoms of schizophrenia.  Pimavanserin did not demonstrate a statistically significant improvement over placebo on the study’s primary endpoint, the change from baseline to week 26…

Mar 12, 2024
Apple retreats in fight to defend App Store in Europe

By Foo Yun Chee BRUSSELS (Reuters) -Apple made a major concession in its battle to protect the dominance of its App Store on iPhones and other devices in Europe on Tuesday, saying developers will be free to distribute their apps…

Mar 12, 2024
Fed seen on hold until June, with rate-cut pace in focus

By Ann Saphir (Reuters) -A second straight month of stronger-than-expected inflation has effectively shut the door on the possibility of a Federal Reserve interest-rate cut before June, and makes back-to-back reductions after that look increasingly less likely. Gasoline and shelter…

Mar 11, 2024
US leads global oil production for sixth straight year- EIA

(Reuters) - U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday. In…

Mar 11, 2024
US opens probe into emergency braking issues in certain Honda vehicles

(Reuters) -U.S. auto-safety regulators on Monday launched a preliminary probe into emergency braking issues in certain Honda vehicles following complaints of crashes and fires. The problem affects the 2019-2022 models of the Honda Insight, a hybrid electric car, and the…

Mar 11, 2024
HSBC to hire almost 50 bankers for startup, venture lending in US

NEW YORK (Reuters) - HSBC is planning to recruit about 50 more bankers in its U.S. commercial bank to lend to startup companies, mainly in the technology and healthcare sectors, according to a senior executive. The London-headquartered bank hired about…