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Goldman Sachs sees big gains ahead for Merus on the back of the company's cancer treatment. The firm initiated coverage of the cancer therapeutics stock with a buy rating on Wednesday, alongside a $73 per share price target. Goldman's forecast implies 68% upside from Wednesday's close. Goldman Sachs analyst Richard Law highlighted the company's estimated glomerular filtration rate (EGFR) petosemtamab antibody, which is intended for treating recurring and metastatic head and neck squamous cell carcinoma. Law said the antibody has already shown promising results and can be a key growth driver for the stock moving forward. MRUS YTD mountain Merus stock. "We believe peto has a reasonable chance of demonstrating best-in-class efficacy/safety profile," Law said. "While some ADCs [antibody-drug c...

Four people have died and six British backpackers are in hospital in southeast Asia after reports of suspected methanol poisoning.Simone White, 28, from Orpington in Kent, is among those who fell ill after being offered "free shots" in the Vang Vieng resort of Laos. Bianca Jones, 19, from Melbourne, Australia, two Danish women in their 20s, and a 56-year-old US national are reported to have died.New Zealand has confirmed one of its citizens has also fallen ill.Authorities are now warning travellers about the risks of methanol poisoning, how it happens, and how to avoid it. Image: Vang Vieng, Laos. File pic: iStock What is methanol?Methanol, or CH3OH, is very similar to ethanol - the pure form of alcohol in alcoholic drinks...

POLAND - 2024/11/13: In this photo illustration, the NVIDIA company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesNvidia shares dropped in U.S. premarket trading Thursday after the tech giant's third-quarter earnings failed to impress investors.Shares of the chipmaker slumped 3.21% at around 5:03 a.m. ET, following the Wednesday release of Nvidia's quarterly results, which beat on both the top and bottom lines.Revenue came in at $35.08 billion, up 94% year-on-year and exceeding the $33.16 billion forecast by LSEG analysts. Earnings per share was 81 cents adjusted, also above analyst expectations.Other chipmakers fell on the back of the market reaction to Nvidia's third-quarte...

Former US President Donald Trump during an Economic Club of New York event in New York, US, on Thursday, Sept. 5, 2024.Bloomberg | Bloomberg | Getty ImagesFears are mounting that the U.S. could soon experience its own version of Britain's "mini-budget" crisis, with bond strategists warning that Donald Trump's return to the White House brings with it the specter of currency volatility and surging bond yields.President-elect Trump has pledged to deliver a litany of pro-growth initiatives, including tax cuts, steep tariffs, and plans to roll back corporate regulation.The former president's economic agenda has ratcheted up concerns about a surge in consumer prices, which strategists say could spark significant shifts in bond yields and investor behavior. They warn a scenario that mirrors Brita...

Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, Sept. 27, 2022. India needs fossil fuels to serve large populations and getting rid of all fossil fuels instantly would not work for the nation, Adani said. Photographer: Edwin Koo/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesIndia's Adani Group on Thursday denied allegations of bribery and fraud made by U.S. authorities in relation to the group's chair Gautam Adani, saying all claims were "baseless."Shares of companies in India's Adani Group plunged after Gautam Adani, one of the world's richest people, was indicted in a New York federal court on charges regarding an alleged bribery and fraud scheme. Shares in Adani Green Energy, the firm at the center of the allegations, ...

Ofcom said it received evidence showing Microsoft makes it less attractive for customers to run its Office productivity apps on cloud infrastructure other than Microsoft Azure.Igor Golovniov | Sopa Images | Lightrocket via Getty ImagesLONDON — Britain's competition regulator is preparing remedies aimed at solving competition issues in the multibillion-pound cloud computing industry.The Competition and Markets Authority is set to unveil its provisional decision detailing "behavioral" remedies addressing anti-competitive practices in the sector following a months-long investigation into the market, two sources familiar with the matter told CNBC.The sources, who preferred to remain anonymous given the investigation's sensitive nature, said that the cloud market remedies could be announced wit...