$EBS
Emergent Biosolutions Inc
- NEW YORK STOCK EXCHANGE INC.
- Health Technology
- Biotechnology
- Manufacturing
- Pharmaceutical Preparation Manufacturing
PRICE
$9.48 ▲6.998%
Extented Hours
VOLUME
1,154,184
DAY RANGE
8.24 - 8.895
52 WEEK
7.74 - 45.14
Join Discuss about EBS with like-minded investors
@trademaster #TradeHouses
recentlyBy Alun John LONDON (Reuters) - The dollar edged up on Thursday, extending its gains from the previous day as investors looked ahead to U.S. labour and inflation data for any softness that could signal slowing U.S. rate hikes and weaken the greenback after months of strength. The euro EUR=EBS> was down 0.27% to $0.9859, falling a little after the release of European Central Bank minutes from last month's meeting that showed policymakers were worried that inflation could get stuck at exceptionally high levels. Sterling was down 0.6%, while the dollar was steady versus the Japanese yen and Swiss franc. Currency markets have struggled to find a clear direction this week, following a dramatic third quarter. The dollar initially slid against most majors, before regaining ground. "Sentiment was very downbeat in late Q3, couldn’t go anywhere but up, and did go up in early Q4, triggered by the Bank of England intervening (in British government bond markets)," said Stephen Gallo European head of FX strategy at BMO capital markets. "That's where we are now. We don’t really have fundamentally good reasons to be buying sterling, euro or yen aggressively but we all know the dollar is expensive and maybe the Fed is wrong, and it is going to have to pivot." The dollar index was 0.3% higher, down from a 20-year peak of 114.78 hit in late September A major factor driving currency markets currently is changing expectations of how aggressively central banks' - particularly the Federal Reserve - will raise interest rates. A key question is whether they will pivot from primarily worrying about inflation, and hence raising rates aggressively, to also considering slowing economic growth, leading to more cautious rate hikes. This means U.S. jobs data due on Friday and inflation figures next week will be closely watched. "Investors will be looking (in Friday's payrolls report) for signs of anything that might cause the Fed to do an early pivot, everything they say suggests they have no intention of doing so, but I suspect there are people out putting these pivot trades on," said Gallo. U.S benchmark treasury yields whose gains on Wednesday had helped drive the greenback higher, were steady on Thursday. [US/] The Australian dollar was down 0.5% at $0.6455, still struggling after an unexpectedly modest 25 basis point hike in Australia. Also a factor in markets was the Saudi Arabia-led cartel of oil producers having agreed to steep production cuts on Wednesday, lifting Brent crude futures to a three-week high of $93.99 a barrel. [O/R] That helped the Norwegian crown and Canadian dollar outperform most peers, while hurting currencies like the euro and pound. "Higher energy prices would have a much more direct impact on the European region given the more direct relationship to their finances," said NatWest Markets' strategist Jan Nevruzi.
89 Replies 9 👍 7 🔥
@trademaster #TradeHouses
recently
By Huw Jones
LONDON (Reuters) - LONDON, July 21 (Reuters) - Stocks see-sawed and the euro rose after the European Central Bank raised interest rates by a bigger than expected 50 basis points, its first increase in more than a decade, to quell runaway inflation as it plays catch up with other central banks.
After guiding markets to expect a 25 basis point hike, the Frankfurt-based central bank raised its benchmark deposit rate from 0% to 0.5%, saying further rate hikes will be appropriate at upcoming meetings.
The euro EUR=EBS rose 0.6%, moving further away from last week's parity against the dollar.
The ECB also said it had approved a plan, to be published later in the day, to cap bond yields, key to helping heavily indebted countries like Italy, whose coalition government fell after the resignation of Prime Minister Mario Draghi.
The STOXX index .STOXX of 600 European companies initially fell on the ECB's news but quickly pared losses to trade little changed on the day.
The MSCI All-Country stock index .MIWD00000PUS was also little changed.
ING bank said hiking rates by 50 basis points and softening forward guidance showed that the ECB thinks the window for a series of rate rises was closing quickly.
Michael Brown, head of market intelligence at Caxton, said the ECB was marginally more hawkish than expected.
"The euro rally in reaction to the larger-than-expected hike is also likely to be short-lived, given said mounting recession risks," Brown said.
Nasdaq 100 futures NQc1 were up 0.25%, with S&P 500 futures EScv1 little changed. Earnings from Blackstone (NYSE:BX), Dow Chemical, Philip Morris International (NYSE:PM), Twitter (NYSE:TWTR) and American Airlines (NASDAQ:AAL) were due on Thursday.
European markets were generally steadier on Thursday as the flow of Russian gas resumed to Germany after a 10-day outage, but not enough was being supplied to end the threat of rationing to cope with potential winter shortages. (Full Story)
(GRAPHIC: Italian spreads and debt/GDP - https://fingfx.thomsonreuters.com/gfx/
Italian bonds IT10YT=RR sold off sharply following the collapse of the Italian government in the euro area's third biggest economy. (Full Story)
The Italian banks index .FTITLMS3010, a sector sensitive to domestic political crises, fell 2%.
After the ECB, the market's focus now turns to expected rate rises from the U.S. Federal Reserve next week, and from the Bank of England in August before investors take stock of their impact on the economy.
Nadege Dufosse, head of cross-asset strategy at Candriam, said investors will be trying to gauge whether the economy is headed for a soft or hard landing as higher borrowing costs are absorbed, she said.
"It's the expectations for the fourth quarter or next year that can really determine the trend in the market. For now we do not have the answer and we just have to be very pragmatic," Dufosse said.
Bucking the trend, the Bank of Japan left its super-loose monetary policy unchanged on Thursday, as expected, and raised its inflation forecasts slightly.
CRUDE SLUMPS, GOLD WEAK
Oil prices fell for a second straight session, as demand concerns outweighed tight global supply after U.S. government data showed tepid gasoline consumption during the peak summer driving season.
Brent crude LCOc1 was down 3.5% at $103.18 a barrel, while U.S. West Texas Intermediate CLc1 dropped 3.8% to $96.11 a barrel. O/R
Gold recovered after touching its lowest levels since March 2021 as the prospect of aggressive rate hikes by major central banks weighed on the non-interest bearing metal's appeal.
Spot gold XAU= was up 0.16% at $1,699 per ounce.
The benchmark 10-year Treasury yield US10YT=RR eased slightly after the ECB hike to 3.0284%. US/
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.1% and Japan's Nikkei .N225 gained 0.4%.
A cloud over Chinese growth due to its strict COVID-19 controls and more trouble in its ailing property market is also casting gloom over the prospects for global demand.
"Past due mortgages doubled over the week, and ... potential home buyers are waiting for a general drop in home prices for the housing market, including completed projects," ING analysts said in a note to clients on Thursday.
"This is negative even for cash-rich developers."
(Additional reportig by Tom Westbrook, Editing by Sam Holmes, Kim Coghill and Nick Macfie)
148 Replies 10 👍 8 🔥
@Alpha #decarolis
recentlyDIRETTA: Ministro degli Esteri dell'UE. Borrell https://audiovisual.ec.europa.eu/en/ebs/live/2?lg=INT
123 Replies 10 👍 8 🔥
@Alpha #decarolis
recentlyConferenza stampa di Lagarde della BCE dopo la riunione dell'Eurogruppo https://audiovisual.ec.europa.eu/en/ebs/live/1?lg=INT
144 Replies 13 👍 7 🔥
@DarkPoolAlgo #Dark Pool Charts
recently/*============================================= = Wednesday, June 16, 2021 = =============================================*/ Futures Up/Down % Last Dow -14.00 0.04% 34,163 S&P 500 1.25 0.04% 4,238 Nasdaq 20.50 0.14% 14,042 U.S. stock futures are looking flat as the most highly anticipated Federal Reserve policy meeting is upon us, with the FOMC meeting statement at 2:00 PM ET followed by a press conference by Chairman Jerome Powell. While the central bank is widely expected to keep key interest rates near zero, its statement and subsequent Q&A session from Powell is sure to be parsed for clues regarding the timing of taper talks, as well as any indications if rising inflation prices are a concern, or just temporary as the Fed has pleaded over the last three months. Treasury yields remain depressed despite recent higher inflation readings (CPI, PPI) as the benchmark 10-year yield holds under 1.50%. In Asian markets, The Nikkei Index fell -150 points to 29,291, the Shanghai Index fell -38 points to 3,518 (3rd straight day of losses) to 28,436, and the Hang Seng Index fell -201 points to 28,436. In Europe, the German DAX is up about 20 points to 15,750, while the FTSE 100 rises about 10 points to 7,185. Wall Street took a rest on Tuesday, as major indexes closed lower and the S&P 500 and the Nasdaq backed down from the previous session’s record closing highs. Big tech pulled back on Tuesday after leading the day prior while Dow Transports finished green. While U.S. stock indexes have been range-bound since the beginning of the month, any changes in nuance from the Fed today, and Friday’s quadruple witching options expiration, could trigger some volatility. Market Closing Prices Yesterday The S&P 500 Index slipped -8.56 points, or 0.20%, to 4,246.59 The Dow Jones Industrial Average fell -94.42 points, or 0.27%, to 34,299.33 The Nasdaq Composite slumped -101.29 points, or 0.71%, to 14,072.86 The Russell 2000 Index declined -6.07 points, or 0.26% to 2,320.07 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 8:30 AM EST Housing Starts MoM for May…est. 1.63M 8:30 AM EST Building Permits MoM for May…est. 1.73M 8:30 AM EST Import Prices MoM for May…est. 0.8% 10:30 AM ET Weekly DOE Inventory Data 2:00 PM EST FOMC June Meeting Earnings Calendar: Earnings Before the Open: None Earnings After the Close: $LEN Other Key Events: Citigroup European Healthcare Conference (virtual), 6/14-6/16 Cowen Annual Future Health Conference (virtual), 6/16-6/17 Deutsche Bank Global Auto Industry Conference (virtual), 6/16-6/17 European Hematology Association (EHA) Virtual Meeting, 6/9-6/17 Northland Customer Engagement SaaS Conference (virtual), 6/15-6/16 Oppenheimer 21st Annual Consumer Growth and E-Commerce Conference (virtual), 6/15-6/16 Macro Up/Down Last Nymex 0.09 72.21 Brent 0.16 74.15 Gold -0.85 1,858.20 EUR/USD -0.0004 1.2122 JPY/USD -0.14 109.94 10-Year Note -0.014 1.485% World News S. TIC data report showed foreign accounts purchased $100.7 B in net long term securities in April, after the$262.4 B (was $262.4 B) surge in March. Accounts also bought a total of $101.2 B in assets on the month versus $146.7 B (was $146.4 B) previously China May Retail Sales: y/y 12.4% vs 13.6% consensus; China May Ind Prod: y/y 8.8% vs 9.0% consensus Japan April Core Machinery Orders:6% vs 2.5% consensus; Japan May Trade Balance: -Y187b vs -Y77b consensus Sector News Breakdown Consumer DAVIDsTEA ($DTEA) Q1 EPS C$0.05 vs. (C$0.26) last year Q1; Q1 sales fell -27.9% to $23.2M from $32.2M YoY; said brick and mortar sales for the quarter declined when compared to the prior year quarter by $11.9 million or 78.3% to $3.3 million; sales from e-commerce and wholesale channels increased by $2.9 million or 17.2% to $19.9 million, from $17.0 million in the prior year quarter La-Z-Boy ($LZB) Q4 non-Gaap EPS $0.87 vs. est. $0.74; Q4 sales $519.5M vs. est. $498.5M; anticipates ongoing incremental increases in manufacturing capacity throughout fiscal 2022 that will enable higher delivered sales; incoming order rates and backlog will mitigate usual seasonal slowdown associated with Q1; Q4 written same-store sales up 100% General Motors ($GM) will increase its global spending on electric and autonomous cars to $35B, which is 30% higher than the company’s most recent forecast, Reuters reported Blue Apron ($APRN) announces stock offering Energy, Industrials and Materials The American Petroleum Institute ($API) shows a draw of 8.54M barrels of oil for the week ended June 4, gasoline inventories show a build of 2.85M barrels, distillate inventories show a build of 1.96M barrels and Cushing inventories show a draw of 1.53M barrels A U.S. District Court judge grants a preliminary injunction to Louisiana and 12 other states that sued the Biden administration over the halt on new oil and gas leasing on federal lands Bespoke noted that WTI crude has now had a record 13 straight days with an intraday high higher than the last (WTI crude closed above the $723 per barrel level Tuesday for first time since October 2018) Phoenix Motorcars, a wholly owned subsidiary of SPI Energy ($SPI) has launched a full range of EV charging products for the U.S. market. S. Steel ($X) assumed with Underweight from Neutral at JPMorgan Financials Capital One Financial ($COF) selected as exclusive long-term issuing partner for new Williams Sonoma, Inc. ($WSM) credit cards; new credit cards and loyalty enhancements are expected to launch before end of 2021 H&R Block ($HRB) Q4 adj EPS $5.16 vs. est. $5.13; Q4 revs $2.33B vs. est. $2.35B; raises quarterly dividend 4% to $0.27; announced its fiscal year-end will change to June 30, effective immediately; says substantially exceeded its original FY revs and earnings outlook when including total tax season through extended deadline PennyMac Mortgage ($PMT) files automatic mixed securities shelf R. Berkley Corporation ($WRB) raised quarterly dividend by 8% to $0.52 Healthcare The FDA cleared an additional batch of Johnson & Johnson ($JNJ) Covid-19 vaccine doses from a troubled production plant in Baltimore run by Emergent BioSolutions Inc. ($EBS) as the agency cleared 15 million doses, bringing the total doses authorized for export to 25 million Elanco ($ELAN) will acquire all outstanding stock of Kindred Biosciences (KIN) at a price of $9.25 per share, or approximately $440 million, a premium of 52% based on the 30-day average Molecular Partners ($MOLN) 3M share IPO priced at $21.25 Rapt Therapeutics ($RAPT)79M share Secondary priced at $33.00 Regeneron Pharmaceuticals Inc. ($REGN) said an antibody it developed has been shown to significantly cut the risk of death among certain hospitalized Covid-19 patients, raising hopes for a valuable new tool for tackling severe cases. Inhibikase Therapeutics ($IKT) 15M share Secondary priced at $3.00 Protagonist Therapeutics ($PGTX)05M share Spot Secondary priced at $37.75 Eton Pharmaceuticals ($ETON) has acquired U.S. and Canadian rights to Crossject’s ZENEO hydrocortisone needleless autoinjector, which is under development as a rescue treatment for adrenal crisis Spero Therapeutics ($SPRO) announces the initiation of two early-stage trials of SPR206, an intravenously (IV)-administered next-generation polymyxin product candidate. Technology, Media & Telecom Oracle Corp. ($ORCL) Q4 adj EPS $1.54 vs. est. $1.31; q1 revs $11.23B vs. est. $11.04B; qtrly cloud services and license support revenues were up 8% to $7.4B; qtrly cloud license and on-premise license revenues were up 9% to $2.1B; Q4 Cloud Application Revenue: Fusion ERP up 46%, Fusion HCM up 35%, NetSuite ERP up 26%; Q4 Short-term deferred revenues were up 10% from last year to $8.8 billion. Operating cash flow was up 21% to a record $15.9 billion during the trailing twelve months Convey Holding ($CNVY)333M share IPO priced at $14.00 Roblox ($RBLX) shares fell -8%; released May key metrics, which showed daily active users hit 43M, which was up 28% from the previous May, but down 1% from 43.3M in April; hours engaged increased, however, to 3.2B (up 9% year-over-year, and up 1% from April) MiTek ($MITK) announces $15 million share repurchase program WalkMe ($WKME)25M share IPO priced at $31.00
101 Replies 14 👍 15 🔥
@TraderJack #ivtrades
recentlyYour guys can buy $AZN, $BMRN, $ALNY, $DVAX, $EBS, and $NBIX, these are the potential contractors for my vaccine. However, be careful that some of them will drop hard if they does not get my vaccine contracts...who will get the final deal is my insider information...secret..
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Key Metrics
Market Cap
406.14 M
Beta
1.71
Avg. Volume
1.53 M
Shares Outstanding
50.14 M
Yield
0%
Public Float
0
Next Earnings Date
2023-04-27
Next Dividend Date
Company Information
Emergent BioSolutions is a global life sciences company whose mission is to protect and enhance life. Through their specialty products and contract development and manufacturing services, the company is dedicated to providing solutions that address public health threats. Through social responsibility, Emergent BioSolutions aims to build healthier and safer communities. The company aspires to deliver peace of mind to theis patients and customers so they can focus on what's most important in their lives. In working together, Emergent envisions protecting or enhancing 1 billion lives by 2030.
CEO: Robert Kramer
Website: www.emergentbiosolutions.com
HQ: 400 Professional Dr Ste 400 Gaithersburg, 20879-3457 Maryland
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