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Hemophilia A data and global recalls dominate tech and pharma
Stocks react as MAF falls to 47.72 while Spark plunges and BioMarin rises on hemophilia A data. A global recall citing Salmonella fears spans regions including Europe Africa and Asia with the US unaffected. Yahoo streaming expands NFL access on mobile amid Verizon deal. ESPN blocks on mobile and tablets next season. Underground nuclear site resumes mining under interim ventilation after 2014 leak. full recovery will take years and cost hundreds of millions.
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Fed set to raise rates for third time this year
The Federal Reserve is expected to raise interest rates for the third time in 2017. Powell’s looming chairmanship and new board picks from Trump shape potential policy shifts, with some predicting three more hikes in 2018 while others warn of a faster pace if inflation accelerates.
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Stocks close modestly higher on Monday gains
Technology shares led a modest advance with the S P 500 and Dow finishing at record highs and energy and health care sectors contributing. Traders eyed bitcoin futures debut while awaiting Wednesday Federal Reserve policy update and possible 0.25 percent rate hike amid a steady inflation backdrop. The S P 500 rose 8.49 points to 2659.99, the Dow gained 56.87 to 24386.03, and the Nasdaq added 35 to 6875.08. The Russell 2000 slipped 1.88 to 1519.84. The Fed meet looms with economists forecasting the rate hike. The Labor said Monday that U S.
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Money & Markets