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Column: Biogen and its investors both want US appeals court to clarify class certification

Column: Biogen and its investors both want US appeals court to clarify class certification The opinions expressed here are those of the author, a columnist for Reuters. By Alison Frankel Oct 2 (Reuters) - In a rare – and possibly unique – turn of events, both pharmacy company Biogen BIIB.O and its shareholders have asked a federal appeals court to grant mid-case review of a trial court decision certifying investors to bring class wide fraud claims.
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US securities regulator's top cop to leave agency

UPDATE 1-US securities regulator's top cop to leave agency Updates with additional details from statement in paragraphs 5-6, 8-9 By Chris Prentice NEW YORK, Oct 2 (Reuters) - The U.S. Securities and Exchange Commission's enforcement director is leaving the agency, the regulator said on Wednesday, marking the end of a three-year tenure during which the regulator stepped up scrutiny of Wall Street and cryptocurrency firms.
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US securities regulator's top cop to leave agency

US securities regulator's top cop to leave agency By Chris Prentice NEW YORK, Oct 2 (Reuters) - The U.S. Securities and Exchange Commission's enforcement director is leaving the agency, the regulator said on Wednesday, marking the end of a three-year tenure during which the regulator stepped up enforcement against Wall Street and cryptocurrency firms.
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Badia Spices to sell majority stake to investors

Badia Spices to sell majority stake to investors By Abigail Summerville NEW YORK, Oct 2 (Reuters) - Family-owned Badia Spices has agreed to sell a majority stake to a group of investors including a Latin American conglomerate's investment arm and the merchant bank BDT & MSD Partners, with three sources saying the deal values the Hispanic food company at around $1.2 billion.
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Big banks add October cut to ECB forecasts

FACTBOX-Big banks add October cut to ECB forecasts Adds changes to UBS Global Wealth Management, Societe Generale and UBS Global Research LONDON, Oct 2 (Reuters) - Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, on the back of recent data showing economic weakness and slowing inflation.
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Amsterdam-based Nebius Group hires Goldman Sachs ahead of Nasdaq relisting

Amsterdam-based Nebius Group hires Goldman Sachs ahead of Nasdaq relisting Oct 2 (Reuters) - Nebius Group, which emerged from a split of the assets of Russian tech giant Yandex, has hired Goldman Sachs as a financial and strategic adviser as it talks to Nasdaq about resuming trade in its shares, the Amsterdam-based firm said on Wednesday. A Russian consortium in July finalised a $5.4 billion deal to buy Yandex's Russia-based assets in a move that hived off foreign assets in the largest corporate
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Big banks add October cut to ECB forecasts

FACTBOX-Big banks add October cut to ECB forecasts Adds change to Citi forecast LONDON, Oct 2 (Reuters) - Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, on the back of recent data showing economic weakness and slowing inflation. Market pricing now reflects around a 90% chance of such a rate cut, which would follow reductions at the ECB's June and September meetings, as the data pushes policy make
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Sheinbaum sworn in as Mexico's first female president, vows 'it's time for women'

UPDATE 3-Sheinbaum sworn in as Mexico's first female president, vows 'it's time for women' Supporters chant 'President! President!' as Sheinbaum takes oath Sheinbaum's government to present first budget by Nov. 15 Experts see need for tax reform; Sheinbaum has said no tax overhaul planned Adds details from speech in paragraphs 12-14 By Diego Oré and Cassandra Garrison MEXICO CITY, Oct 1 (Reuters) - Claudia Sheinbaum was sworn in as Mexico's first woman president on Tuesday, vowing to bolster wo
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based SumUP could reach near $9 bln valuation in new share sale, sources say

UK-based SumUP could reach near $9 bln valuation in new share sale, sources say By Amy-Jo Crowley LONDON, Oct 1 (Reuters) - UK-based payments group SumUp is planning a new share sale that could value the privately-held group at more than 8 billion euros ($8.87 billion), two people familiar with the matter said. It would be the latest European fintech to pursue a share sale, after UK fintech Revolut secured a $45 billion valuation in August in a share sale by employees to investors including Coat
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Pinterest rises after Goldman Sachs adds stock to Americas conviction list

BUZZ-Pinterest rises after Goldman Sachs adds stock to Americas conviction list ** Shares of image-sharing platform Pinterest PINS.N rise 1.4% to $32.82 ** Goldman Sachs adds PINS to the Americas conviction list and removes Amazon.com AMZN.O and Guidewire GWRE.N ** Goldman Sachs analyst Eric Sheridan sees a number of levers for PINS to drive steady
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HSBC cuts oil price forecasts for 2024 and 2025

FACTBOX-HSBC cuts oil price forecasts for 2024 and 2025 Updates Sept. 16 FACTBOX with HSBC forecasts, quotes and context Oct 1 (Reuters) - HSBC has lowered its annual oil price forecasts for this year and next, citing a possible increase in OPEC+ oil production later this year that would push the market into surplus in 2025. "Judging by the fall in oil prices, the market had expected another extension - indeed we thought the unwinding would be more likely to start on 1 April 2025. The earlier re
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Sheinbaum to be sworn in as first woman president in Mexican history

Sheinbaum to be sworn in as first woman president in Mexican history By Diego Oré MEXICO CITY, Oct 1 (Reuters) - Claudia Sheinbaum will make history on Tuesday when she is sworn in as Mexico's first woman president, while inheriting challenges to quell violence from organized crime and reduce a hefty deficit in Latin America's No. 2 economy. Sheinbaum, the 62-year-old scientist and former mayor of Mexico City, will be inaugurated at a ceremony in Mexico's Congress for a six-year term lasting un
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Gold firms on safe-haven demand, lower bond yields

PRECIOUS-Gold firms on safe-haven demand, lower bond yields Fed Powell signals 25-bp rate cuts Goldman Sachs raises gold price forecast to $2,900 U.S. job openings data due later in the day Adds graphic, comment and updates prices By Anushree Mukherjee Oct 1 (Reuters) - Gold prices rose on Tuesday on safe-haven demand due to Middle East tensions and lower U.S.
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Big banks add October cut to ECB forecasts

FACTBOX-Big banks add October cut to ECB forecasts Updates with latest forecasts LONDON, Oct 1 (Reuters) - Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, on the back of recent data showing economic weakness and slowing inflation. Market pricing now reflects around a 90% chance of such a rate cut, which would follow reductions at the ECB's June and September meetings, as the data pushes policy mak
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Luxury down again, autos steady as Q4 kicks off

LIVE MARKETS-Luxury down again, autos steady as Q4 kicks off STOXX 600 up 0.1% Luxury among top fallers ADNOC buys Covestro for $18 bln Wall St futures unchanged Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com LUXURY DOWN AGAIN, AUTOS STEADY AS Q4 KICKS OFF European shares kicked off the fourth quarter on a flat note, with the STOXX 600 .STOXX little moved in early deals on Tuesd
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Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln

UPDATE 6-Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln ADNOC to pay 62 euros per Covestro share, take on 3 bln in debt To buy additional 1.2 bln euros worth of new shares in Covestro Covestro shares jump 3.7% to a three-year high Deal could fuel debate over foreign takeovers of German firms Adds Covestro supervisory board's advisers in paragraph 26 By Ludwig Burger and Yousef Saba BERLIN/DUBAI Oct 1 (Reuters) - Abu Dhabi's ADNOC has struck a deal to buy German chemicals mak
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Gold off record highs as Fed's Powell signals smaller rate cuts

PRECIOUS-Gold off record highs as Fed's Powell signals smaller rate cuts Fed Powell hinted towards 25-bp cuts Odds of 25-bp US rate cut next month rise to 63% - CME FedWatch US job openings data due later in the day Updates prices and graphics as of 0738 GMT By Daksh Grover Oct 1 (Reuters) - Gold prices hovered below the record peak on Tuesday after the U.S.
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Dollar gains as Fed's Powell adopts hawkish tone on economy

FOREX-Dollar gains as Fed's Powell adopts hawkish tone on economy Updated at 1520 EDT By Karen Brettell NEW YORK, Sept 30 (Reuters) - The dollar r ose on Monday after Federal Reserve Chair Jerome Powell adopted a more hawkish tone on the economy, leading traders to pare bets that the U.S. central bank will cut rates by 50 basis points again at its next meeting.
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Goldman trades billions in Thames Water debt as hedge funds buy - Bloomberg News

MEDIA-Goldman trades billions in Thames Water debt as hedge funds buy - Bloomberg News -- Source link: https://tinyurl.com/2cjsah6o -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Pfizer to sell about $3.25 bln stake in Sensodyne-maker Haleon, bookrunner says

UPDATE 3-Drug giant Pfizer sells $3.3 bln stake in Sensodyne-maker Haleon Placing at a 3.3% discount to Haleon's last close Haleon to buy back 230 mln stg worth of shares from Pfizer Pfizer to remain top Haleon shareholder -LSEG data Updates dateline to Oct. 1, recasts with final pricing, shares, other details throughout By Shanima A Oct 1 (Reuters) - Pfizer PFE.N sold a stake in British consumer healthcare group Haleon HLN.L worth about $3.26 billion on Monday, cutting its shareholding in the m
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