On Monday, Shares of Freeport-McMoRan Inc. (NYSE:FCX), lost -2.11% to $11.16, as copper prices fall on China’s economic data.
China released economic data for August that showed industrial output and fixed asset investments were both lower than predictable, according to Reuters.
Signs of a continued economic slowdown in China, which imports about 45% of the world’s copper, are reinforcing concerns about low demand for the metal, Reuters reports.
Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas.
Shares of eBay Inc. (NASDAQ:EBAY), declined -2.17% to $25.75, during its last trading session.
eBay and Marie Kondo, the best-selling author of “The Life Changing Magic of Tidying Up,” release an exclusive guide that makes de-cluttering an easy and enjoyable experience for parents and children. With inspiring illustrations and never-before-seen tips, the guide features downloadable “KonMari for Kids” flashcards – offering new ways for families to ready their homes and cash in on unused items, just in time for the back to school season.
eBay’s partnership with Ms. Kondo comes at a pivotal point in the year, when many parents want to earn extra money by selling items from their homes and then use that cash to cover the cost of back to school essentials. Ms. Kondo’s latest work applies her famous systematic approach to de-cluttering and distills the information into tailored, timely tips that encourage the entire family to get involved. The guide is available exclusively on the “People Want What You Got” section of eBay’s website at ebay.com/sellitnow, and will serve as an ongoing resource for parents.
“The KonMari Method focuses on determining which items in your life ‘spark joy,’” said Ms. Kondo. “Whether it’s a sweater with the tags still attached or a designer purse hanging in your closet, there is a reason these things aren’t used more often – my recommendation is to get rid of them. Since clothing, handbags and shoes are bestsellers on eBay, you may choose to sell some of the fashion items that aren’t bringing you joy.”
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Shares of BP p.l.c. (NYSE:BP), declined -1.06% to $30.68, during its last trading session, hitting its lowest level.
BP plans to cut staff, both hourly and salaried, at its Texas City, Texas, chemical plant as it reduces production of paraxylene, which is used to make polyesters, according to sources familiar with the company’s plans, according to Reuters.
The layoffs will comprise 24 hourly and 12 salaried employees, equal to 15 percent of the plant’s work force, one of the sources said.
A BP spokesman said the plant is shutting a paraxylene unit that has been idle for over a year due to market conditions and to make better use of resources. Reuters Reports
Two other paraxylene units will remain open at the plant, which has annual production of 1.4 million tons, according to BP. Reuters added.
BP p.l.c. operates as an integrated oil and gas company worldwide. It operates in three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, counting liquefied natural gas (LNG), and power and natural gas liquids (NGL).
Finally, Baxalta Incorporated (NYSE:BXLT), ended its last trade with 4.30% gain, and closed at $37.35.
Novimmune SA declared that it has signed an international research partnership agreement with Baxalta Incorporated (Baxalta) to develop novel bispecific antibodies for an unspecified indication. Financial terms of the deal were not revealed.
This is the first partnership utilizing Novimmune’s new kappa-lambda bispecific antibody technology. The proprietary platform generates fully human antibodies which target two specific binding sites with one antibody.
“The kappa-lambda platform is exactly the right technology for therapy areas which need a bispecific antibody that is as close to a natural human antibody as you can get,” said Novimmune CEO Jack Barbut.
Bispecific antibodies presently used in biopharmaceutical applications have been constructed using chemical linkers, non-human material, antibody fragments or forced engineering, he said.
Baxalta (NYSE: BXLT) is a newly established global biopharmaceutical leader developing, manufacturing and commercializing therapies for orphan diseases and underserved conditions in hematology, oncology and immunology.
Baxalta Incorporated, a biopharmaceutical company, develops, manufactures, and markets a portfolio of products primarily for the treatment of hematology and immunology worldwide. It also offers other therapies for the treatments of bleeding disorders, and chronic and acute medical conditions, counting hemophilia A, hemophilia B, attained hemophilia, inhibitor treatments, primary immunodeficiency (PID), and alpha-1 antitrypsin deficiency.
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