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Vanda (VNDA) Rises on Positive Data From Motion Sickness Study https://www.zacks.com/stock/news/2274914/vanda-vnda-rises-on-positive-data-from-motion-sickness-study?cid=CS-ZC-FT-analyst_blog|company_news_-_medical_sector-2274914 May 16, 2024 - Vanda's (VNDA) tradipitant appears effective in preventing vomiting associated with motion sickness in a second phase III study. Stock rises on the news.
Roche (RHHBY) Posts Encouraging Phase I Obesity Drug Data https://www.zacks.com/stock/news/2274860/roche-rhhby-posts-encouraging-phase-i-obesity-drug-data?cid=CS-ZC-FT-analyst_blog|company_news_-_medical_sector-2274860 May 16, 2024 - Data from the study shows that nearly half of the patients who received Roche's (RHHBY) subcutaneously-administered obesity drug lost more than 20% of their body weight after 24 weeks.
Asia-Pacific markets rise as Wall Street hits record on soft CPI data; Japan GDP shrinks https://seekingalpha.com/news/4107085-asia-pacific-markets-advance-as-wall-street-hits-record-on-soft-cpi-data-japans-gdp-shrinks?source=feed_tag_india May 16, 2024 - Industrial production in Japan increased by 4.4% month-over-month in March 2024.
Tamer-Than-Expected Inflation Data Leads To New Record Highs On Wall Street https://www.rttnews.com/story.aspx?Id=3448138 May 15, 2024 - With traders reacting positively to closely watched consumer price inflation data, stocks moved sharply higher during trading on Wednesday. The major averages added to Tuesday's gains, setting new record closing highs. The rally on Wall Street came following the release of a Labor Department report showing consumer prices in the U.S. rose by slightly less than expected in the month of April.
Nasdaq, S&P 500 Reach Record Highs On Tamer-Than-Expected Inflation Data https://www.rttnews.com/story.aspx?Id=3448105 May 15, 2024 - After ending yesterday's choppy session mostly higher, stocks have seen further upside during trading on Wednesday. The major averages have all climbed firmly into positive territory, with the Nasdaq and the S&P 500 reaching new record intraday highs.
Vanda reports positive Phase 3 data for motion sickness drug https://seekingalpha.com/news/4106635-vanda-reports-positive-phase-3-data-for-motion-sickness-drug?source=feed_sector_healthcare May 15, 2024 - Vanda (VNDA) reported positive results from a Phase 3 study of its drug tradipitant in the treatment of motion sickness. Read more here.
Futures Jump Following Tamer-Than-Expected Consumer Price Inflation Data https://www.rttnews.com/story.aspx?Id=3448055 May 15, 2024 - The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the upward move seen over the course of the previous session.
Zscaler's (ZS) AI Innovations to Aid Data Protection Capabilities https://www.zacks.com/stock/news/2273935/zscaler-s-zs-ai-innovations-to-aid-data-protection-capabilities?cid=CS-ZC-FT-analyst_blog|company_news_tech_sector-2273935 May 15, 2024 - With AI-driven innovation-led enhanced capabilities, Zscaler (ZS) is likely to be able to empower organizations to protect their data comprehensively, address evolving threats and optimize business processes.
Asia-Pacific markets mixed as investors digested the US PPI data; eyes on US CPI report https://seekingalpha.com/news/4106263-asia-pacific-markets-mixed-as-investors-digested-the-us-ppi-data-eyes-on-us-cpi-report?source=feed_tag_india May 15, 2024 - Japan (NKY:IND) +0.08%. China (SHCOMP) -0.66%. The People’s Bank of China kept its one-year medium term lending facility rate unchanged at 2.5% during its May fixing, as widely expected.
European Economic News Preview: Eurozone GDP Data Due https://www.rttnews.com/3447888/european-economic-news-preview-eurozone-gdp-data-due.aspx?type=alleco May 14, 2024 - Flash GDP estimate from the euro area is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office INSEE is set to publish final inflation figures for April. Consumer price inflation is seen at 2.2 percent, unchanged from the flash estimate.

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