The index indicates that the prices of goods and services producers receive rose at the fastest pace since records have been kept, the Bureau of Labor Statistics reported on Wednesday.
Following the stock market opening on Wednesday, the S&P 500, Dow, and Nasdaq are trading higher at 0.09%, 0.14%, and 0.54% respectively.
Before the release of the Consumer Price Index on Tuesday however, it had reached its highest point since December 2018, topping 2.82%.
Recently, President Joe Biden called Russia’s actions in Ukraine a genocide, offering the characterization for the first time since the war began.
Moreover, the company is also looking at a loss per share of $1.23, better than analyst estimates of a $1.27 loss.
Additionally, another reason for the current attention around DAL stock now would be the company’s outlook for the second quarter.
On top of all that, the company is expecting its revenue for the current quarter to outpace pre-pandemic levels as well.
In detail, the global health care giant is acquiring Sierra Oncology for a whopping $1.9 billion.
He says, “With this proposed acquisition, we have the opportunity to potentially bring meaningful new benefits to patients and further strengthen our portfolio of specialty medicines.” After considering all of this, GSK would be bolstering its oncology division signficantly.
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