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European Equities Close Mixed in Thursday Trading; UK Regulator Probes Amazon, Anthropic Partnership
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European Equities Close Mixed in Thursday Trading; UK Regulator Probes Amazon, Anthropic Partnership
Aug 8, 2024 9:31 AM

12:08 PM EDT, 08/08/2024 (MT Newswires) -- European stock markets closed mixed in Thursday trading as the Stoxx Europe 600 nudged 0.1% higher, the Swiss Market Index was off 0.13%, France's CAC was down 0.26%, the FTSE in London dropped 0.27%, and Germany's DAX closed 0.37% higher.

The UK's Competition and Markets Authority said Thursday it has sufficient information to launch an investigation into a partnership between Amazon.com and artificial intelligence firm Anthropic. The CMA said it is considering whether the partnership "has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002."

In corporate news, Swiss pharmaceutical company Novartis said late Wednesday that the US Food and Drug Administration has granted accelerated approval for its Fabhalta therapy to reduce proteinuria in certain adults with primary immunoglobulin. The accelerated approval was based on the pre-specified interim analysis of a phase 3 study. Shares were down 1% on the Swiss Exchange.

Dutch telecommunications company Veon reported higher Q2 earnings and lower revenue compared with a year earlier. The company maintained its 2024 revenue growth guidance of 16% to 18%. Shares of Veon rose 1% in Amsterdam.

Irish construction materials supplier CRH reported higher Q2 earnings Thursday and lower revenue compared with a year earlier. The company increased its full-year 2024 earnings guidance to $5.40 to $5.60 per share from $5.15 to $5.45. Shares of CRH were up 4% in London.

And Finnish telecommunications company Nokia said Thursday that it has partnered with Swisscom Broadcast to deploy a Drones-as-a-Service network across Switzerland to improve emergency response services. Financial terms were not disclosed.

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