08:53 AM EDT, 09/16/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Monday, with The Consumer Staples Select Sector SPDR Fund (XLP) and The Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%. Estee Lauder ( EL ) issued a statement urging shareholders to reject TRC Capital Investment's unsolicited mini-tender offer to purchase up to 1.5 million Estee Lauder...

REE Automotive Ltd. ( REE ) shares are trading higher after it announced a strategic deal with Motherson Group. REE Automotive ( REE ) has secured $45.35 million from investors, including M&G Investments and Motherson, through a direct offering of 11 million Class A shares at $4.122 each. The proceeds are expected to support general working capital, and the offering...

HANOVER, Germany (Reuters) - Scania owner Traton is committed to using Sweden's Northvolt as the truckmaker's single battery supplier despite recent production and delivery problems, its CEO said on Monday. Scania had to postpone a ramp-up of its battery-electric truck production by a year and delay deliveries to customers due to the troubles at Northvolt, Europe's leading battery supplier. The...

08:41 AM EDT, 09/16/2024 (MT Newswires) -- Summit Therapeutics ( SMMT ) reported on Monday strong response rates and disease control from Phase II trials of ivonescimab in triple-negative breast cancer, metastatic microsatellite-stable colorectal cancer, and recurrent / metastatic head and neck squamous cell carcinoma. In metastatic MSS colorectal cancer, ivonescimab with or without ligufalimab plus chemotherapy achieved an 88.2%...