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17 March
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Surface Oncology Rises on Rumor ARK’s Cathie Wood Will Talk About It At Event By Investing.com

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By Dhirendra Tripathi Investing.com – Surface Oncology (NASDAQ:SURF) shares rose 2.6% in Wednesday’s trade on market chatter that ARK founder and fund manager Cathie Wood will talk about the company at an event today. ARK Genomic Revolution ETF (NYSE:ARKG), which is managed by Wood, has around a 0.4% stake in the company, according to Seeking Alpha. Seeking Alpha says funds managed by Ark...

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17 March
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Market Brawl Breaks Out Ahead of Fed With Tech, Bitcoin Battered By Bloomberg

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(Bloomberg) -- A surge in bond yields ahead of the Federal Reserve’s highly anticipated policy meeting is wreaking havoc across the stock market’s speculative corners. The Nasdaq 100 fell as much as 1.5% on Wednesday as long-dated Treasuries continued to sell off, pushing 10-year yields to 1.67%, the highest since before the pandemic.. The tech pain was widely felt, with high-flying names such...

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17 March
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Tesla, Uber, Plug Power Fall Premarket; Crowdstrike Rises By Investing.com

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By Peter Nurse  Investing.com -- Stocks in focus in premarket trade on Wednesday, March 17th. Please refresh for updates. Tesla (NASDAQ:TSLA) stock fell 3.2% amid growing worries about rising competition, higher interest rates and its valuation. Volkswagen (DE:VOWG_p) said Tuesday it expects to make 1 million electric vehicles this year, while Honda has launched a sedan with level-3 autonomous driving capability...

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17 March
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Cintas Earnings, Revenue beat in Q3 By Investing.com

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Cintas reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations. Cintas announced earnings per share of $2.37 on revenue of $1.77B. Analysts polled by Investing.com anticipated EPS of $2.19 on revenue of $1.75B. Cintas shares are down 1% from the beginning of the year and are trading at $341.50 , down-from-52-week-high.They are under-performing...

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17 March
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Uber Slumps as U.K. Workers Begin Collecting Perks By Investing.com

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By Christiana Sciaudone Investing.com -- Uber (NYSE:UBER) slipped after saying its U.K. drivers will be treated as workers -- not quite employees, mind you, but workers -- starting Wednesday.Some 70,000 private-hire drivers will be classified as self-employed workers for tax purposes, but entitled to a minimum wage, holiday pay and a pension, according to The New York Times. Shares are down almost 4%....

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17 March
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UK Johnson’s ex-aide blames “smoking ruin” at health ministry for COVID failures By Reuters

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LONDON (Reuters) - Britain's health ministry was a "smoking ruin" last year that failed to secure adequate protective equipment and other supplies early in the COVID-19 pandemic, Prime Minister Boris Johnson's former top aide said on Wednesday. Dominic Cummings, Johnson's senior adviser until November last year, said Britain's more recent success in rolling out a rapid vaccine programme was a result of...

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17 March
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Facing ‘crisis of century’, EU threatens ban on COVID vaccine exports to UK By Reuters

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By Sabine Siebold, Philip Blenkinsop and Gabriela Baczynska BRUSSELS (Reuters) - The European Union on Wednesday threatened to ban exports of COVID-19 vaccines to Britain to safeguard scarce doses for its own citizens facing a third wave of the pandemic that would jeopardise plans to restart travel this summer. With the number of COVID-related deaths in the EU topping 550,000 and less...

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17 March
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Rolls-Royce recent strength continues after JPMorgan upgrade By Investing.com

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By Samuel Indyk Investing.com – Rolls-Royce (LON:RR) shares have jumped for the sixth consecutive day, this time rallying after an upgrade at JPMorgan from ‘underweight’ to ‘neutral’. “Whilst international airline capacity is still down circa 75% versus 2019, it is unlikely to get worse and so the direction of travel will most probably be one of slow improvement," analysts at JPM said in...

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17 March
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Bond Investors Risk Climate-Change Hit to Economic Growth By Bloomberg

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(Bloomberg) -- Bond buyers need to start factoring global warming into investment decisions as countries with the highest risk to climate change could see more than a fifth of their economic output wiped out by 2050, according to an analysis by index provider FTSE Russell. The U.S. is projected to lose 20% of its per-capita gross domestic product by 2050 in a worse-case...

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17 March
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Pinduoduo Falls as Founder’s Departure Overshadows Robust Earnings By Investing.com

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By Dhirendra Tripathi Investing.com – Pinduoduo (NASDAQ:PDD) shares fell 8% in premarket trading Wednesday as the news of its founder and chairman Colin Huang Zheng stepping down eclipsed its impressive December quarter performance. The 41-year-old Huang, who owns about 30% of Pinduoduo, will also give up his super voting rights, Reuters reported. Pinduoduo is a China-focused online marketplace for...

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