Realtor.com chief economist shares her advice for homebuyers and sellers

PTC Therapeutics Granted Marketing Authorization By EU For Upstaza To Treat AADC Deficiency

PTC Therapeutics, Inc. (PTCT) announced Wednesday that Upstaza (eladocagene exuparvovec) was granted marketing authorization by the European Commission. Upstaza is the first approved disease-modifying treatment for aromatic L-amino acid decarboxylase (AADC) deficiency and the first marketed gene therapy directly infused into the brain. It is approved for patients 18 months and older.

Upstaza is a one-time gene replacement therapy indicated for the treatment of patients aged 18 months and older with a clinical, molecular, and genetically confirmed diagnosis of AADC deficiency with a severe phenotype.

The marketing authorization is applicable to all 27 European Union member states, as well as Iceland, Norway and Liechtenstein.

For More Such Health News, visit rttnews.com

Can Fashion Influencers Persuade Us to Consume Less? A Times Virtual Event

Join Vanessa Friedman on July 28 as she explores how popular culture and the influencer economy might shift the industry toward responsible fashion.

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Stronghold Digital Mining Surges 43% As Bitcoin Continues To Rise

Shares of micro-cap company Stronghold Digital Mining, Inc. (SDIG) are surging over 43% on Wednesday morning as bitcoin continue to rise.

SDIG is currently trading at $3.0701, up $0.9301 or 43.4626%, on the Nasdaq. The stock opened its trading at $2.70 after closing Tuesday’s trading at $2.14. The stock has traded between $1.460 and $35.795 in the past 52-week period.

Stronghold Digital Mining is a crypto asset mining company that focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facilities. The company was incorporated in 2021 and is headquartered in New York, New York.

Bitcoin price continues to rise on Wednesday, as the digital currency nears the $24,000 mark. Bitcoin surged to an intraday peak of $23,830.10, which is its peak price since June 13.

Applied Blockchain Rally Continues

Applied Blockchain, Inc. (APLD) shares are surging more than 29 percent on Wednesday morning trade, continuing a bullish trend after the company secured 200-megawatt five-year hosting contract with Marathon Digital Holdings on Monday.

Currently, shares are at $2.69, up 27.35 on a volume of 45,612,763. On Tuesday, the stock closed at $2.12 on an extraordinary volume of 129,553,700.

Block Inc. Rises 3%

Shares of digital payments company Block, Inc. (SQ) are rising 3 percent on Wednesday’s trading maintaining its upward trend since last week.

On Wednesday, there has not been any company announcement to influence the stock. The company is expected to report its second-quarter results on August 2.

Currently at $69.67, the stock has traded between $56.01 and $289.23 during the past 52 weeks.

Elevance Health Down 7% On Lower Q2 Profit

Elevance Health Inc. (ELV) shares are sliding more than 7 percent on Wednesday morning trade after the company reported a decline in second-quarter earnings.

Net income for the quarter declined 8.4 percent to $1.65 billion from $1.80 billion last year. Earnings per declined to 243.4 compared to 247.4 a year ago.

Currently, shares are at $464.75, down 6.57 percent from the previous close of $497.43 on a volume of 284,643. For the 52-week period, the shares have traded in a range of $355.43-$533.68 on average volume of 1,111,637.

To Celebrate Black Life and Leisure, a Picnic in Central Park

In the lead-up to Juneteenth, Amber Mayfield hosted an outdoor potluck for friends and fellow foodies.

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By Korsha Wilson

What to Know About Jafar Panahi, the Imprisoned Iranian Filmmaker

The auteur is now serving a sentence that Iran’s judiciary handed down in 2010 when he was arrested for supporting protests.

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By Nicolas Rapold

Enovix Slips 4%

Shares of lithium-ion battery manufacturer Enovix Corp. (ENVX) are down 4 percent on Wednesday’s trading despite there being no company news to impact the stock. The stock movement seems to be in line with the U.S stock markets, which are down early on Wednesday morning.

Currently at $11.01, the stock has traded between $7.26 and $39.48 during the past 52 weeks.

Realtor.com chief economist shares her advice for homebuyers and sellers

Home prices hit a new all-time high in June, even as home sales declined for the fifth straight month as lack of affordability continues to push buyers out of the market.

The median home price was $416,000 last month, up 13.4% from one year ago, according to a report from the National Association of Realtors.
Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were down 5.4% in June from May and 14.2% from a year ago.

    How much house can I afford?
    “Falling housing affordability continues to take a toll on potential homebuyers,” said Lawrence Yun, NAR chief economist. “Both mortgage rates and home prices have risen too sharply in a short span of time.”

      Inventory, which had been tight, saw its first turnaround in three years. The number of homes available for sale at the end of June was up 9.6% from May and 2.4% from a year ago.

        “Finally, there are more homes on the market,” said Yun. “Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.”
        This is a developing story. It will be updated.