Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff
WTI oil futures fall over 4%; natural-gas prices lose over 10%
WTI oil futures fall over 4%; natural-gas prices lose over 10%
BEIJING — Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections.
Gold prices settle beneath 50-day moving average
Shares of Apple Inc. AAPL, +3.03% advanced 3.03% to $110.08 Monday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, -0.13% falling 0.13% to 10,778.80 and Dow Jones Industrial Average DJIA, -1.84% falling 1.84% to 27,147.70. The stock’s rise snapped a three-day losing streak. Apple Inc. closed $27.90 below its 52-week high ($137.98), which the company reached on September 2nd.
More than 20 states either don’t release or have incomplete data on the rapid antigen tests now considered key to containing the coronavirus, which has sickened more than 6 million Americans. The lapses leave officials and the public in the dark about the true scope of the pandemic as untold numbers of cases go uncounted.
Amunix turned heads back in March when it raised $73 million in a series A funding round that effectively transformed the company from a technology licenser to a biotech innovator. Amunix has been around since 2006, offering its half-life-extension technology to other biopharma developers. The funding allowed it to apply its tools to develop drugs that harness the immune system’s T cells to attack solid tumors.
Diagnostic maker Cellex has announced plans to develop a rapid coronavirus infection test that people can fully perform at home, from sample collection to result—with 15-minute readings double-checked by a personal smartphone app.
Companies are searching high and low for ways to make checkpoint inhibitors work for more people. One solution Merck is trying out is combining different checkpoint blockers—and early data from its TIGIT-blocking prospect and blockbuster PD-1 med Keytruda are promising.
Lava Therapeutics has raised $83 million to advance its portfolio of bispecific gamma delta T-cell engagers. The series C positions Lava to begin assessing the drugs in proof-of-concept clinical trials in solid tumors and hematological malignancies starting next year.
Roche has shared phase 3 data on the drug that enhanced the efficacy of Johnson & Johnson’s Zytiga in a subset of prostate cancer patients earlier this year. The trial squeezed under the bar for statistical significance by improving on the median progression-free survival (PFS) of Zytiga by two months.