Page 212 - Basic Materials Resources News Today

Steel producer Cleveland-Cliffs has seen shares slide since early March. Chairman and CEO Lourenco Goncalves just bought $1.5 million of shares.

Eli Lilly rises after announcing positive results from a Phase 3 trial of its Alzheimers drug, Estee Lauder slides after cutting its sales outlook, and Livent gains after an earnings beat.

The lithium producer posts earnings of 60 cents a share on sales of $253.5 million. Wall Street was looking for profit of 39 cents and sales of $230.2 million.

Some gauges suggest overseas inflows to the Chinese economy have stagnated

Maersk is selling its stake in The Metals Company, the latest big name to divest itself of its seabed mining interests.

Biden to meet House and Senate leaders as debt limit looms, the fight between Florida’s DeSantis and Disney escalates, and other news to start your day.

Japans Astellas agrees to pay $40 a share for Iveric, citing the potential of the biopharmaceutical companys ophthalmology programs.

A new report from TD Cowen showcases its best ESG investment ideas for 2023 and includes six companies in the energy and sustainability sector.

First Republic Bank rose after reports authorities are working to secure further assistance for the lender, and there was mixed stock reaction at tech companies including Amazon, Intel, and Snap following their updates.

Biden’s generous IRA incentives put European lead in emerging green energy source under threat.