On Wednesday, Shares of Citigroup Inc. (NYSE:C), lost -1.27% to $56.66.
Citi, acting through Citibank N.A., has been designated by Celyad SA, a leader in engineered cell therapy treatments, as depositary bank for their Level 3 American Depositary Receipt (ADR) programme listed on NASDAQ, which trades under symbol “CYAD”. Each ordinary share is equivalent to 1 ADR. Celyad’s ordinary shares are listed on Euronext Brussels and Euronext Paris and also trade under symbol “CYAD”.
“Citi is delighted to be designated by Celyad as depositary bank for their NASDAQ listed ADR programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We will work closely with Celyad to assist them in identifying additional ADR holders and in expanding their US shareholder base by leveraging our equities distribution network.”
Founded in 2007, and based in Belgium, Celyad is a leader in engineered cell therapy treatments with clinical programs initially targeting indications in cardiology and oncology. Celyad is developing its lead cardiovascular disease product candidate, C-Cure®, for the treatment of ischemic heart failure, and has accomplished enrolment of a Phase III trial in Europe and Israel.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
Shares of eBay Inc. (NASDAQ:EBAY), declined -0.52% to $61.61, during its last trading session.
Amazon.com Inc and eBay Inc sharply cut the number of Confederate flag products on their sites a day after vowing to remove them, but in a sign of the difficulty of removing controversial content, Nazi-era memorabilia are listed on both sites, according to Reuters.
EBay specifically bans their sale while Amazon bans the sale of “products that promote or glorify hatred, violence, racial, sexual or religious intolerance or promote organizations with such views.”
It is difficult to enforce a complete ban on controversial products, analysts said, because of technological hurdles in flagging and pulling down banned items. Reuters Reports.
“For Amazon and eBay, it’s a question of scale. eBay has had to work on everything from Nazi memorabilia to counterfeit jewelry and one of the hardest parts at their scale is to look at keywords, identify sellers with problems and flag issues,” said Derek Bambauer, a professor at the University of Arizona who specializes in Internet law. Reuters said.
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.
Finally, Union Pacific Corporation (NYSE:UNP), ended its last trade with -2.87% loss, and closed at $98.25.
Union Pacific Railroad launched a new social media campaign urging photographers and high school seniors to refrain from taking photographs on or near train tracks. Through startling videos, the campaign compares the dangers of snapping photos on the tracks to posing for senior pictures on a busy highway. Neither are safe locations. The campaign launched exclusively on social media channels Facebook, Twitter, Instagram and YouTube.
According to the Federal Railroad Administration (FRA), more than 500 people in the United States were killed in 2014 while walking or standing on railroad property, which is trespassing according to federal law.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals comprising of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
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