NEW YORK (Reuters) - The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement over artificial intelligence and expectations of falling interest rates fueled a searing rally in technology stocks. The tech-heavy index is up more than 33% on the year, driven by a cluster of giant technology-focused...

04:26 PM EST, 12/11/2024 (MT Newswires) -- ACADIA Pharmaceuticals ( ACAD ) said Wednesday it closed of the sale of its rare pediatric disease priority review voucher for $150 million, before fees and expenses. Acadia will pay Neuren Pharmaceuticals one-third of the net proceeds, under a licensing deal between the companies, the company said. Acadia said proceeds from the sale...

04:29 PM EST, 12/11/2024 (MT Newswires) -- Copa (CPA) said preliminary November passenger traffic data, measured in revenue passenger miles, rose 6.8% from a year earlier. The preliminary data also showed that capacity, measured in available seat miles, rose 8.4% from a year earlier. The system load factor was 86.1%, down from 87.4% a year earlier. ...

04:33 PM EST, 12/11/2024 (MT Newswires) -- Canada's largest stock market, the Toronto Stock Exchange closed higher on Wednesday, climbing after the Bank of Canada, as expected, cut its benchmark interest rate by 50 basis points with more cuts expected to come. The S&P/TSX Composite Index closed up 153.37 points to 25,657.7. The Information Technology, and Energy sectors both closed...