SEBI suspends futures trading in key farm crops

Why Bluebird Bio Stock Falling In Pre-market?

bluebird bio, Inc. (BLUE) announced the FDA has placed its clinical program for
lovotibeglogene autotemcel gene therapy for sickle cell disease on partial clinical hold for patients under the age of 18. The temporary suspension is related to an ongoing investigation by bluebird bio into an adolescent patient. The company noted that the patient is clinically well.

Richard Colvin, Chief Medical Officer, bluebird bio, said: “Consistent with the FDA’s direction, we have paused enrollment and treatment of patients younger than 18 in our sickle cell disease clinical program, and we will continue to work collaboratively with the FDA to understand and address their concerns.”

Shares of bluebird bio were down 20% in pre-market trade on Monday.

2 dead after three car crash at Parker, Havana in Denver Monday

Two people are dead, and two others are in the hospital after a crash in southeast Denver Monday.

According to Denver police, three cars crashed at the intersection of South Parker Road and South Havana Street before 2 a.m. on Monday.

Officials closed Havana for some time as they investigated.

Authorities have not released any information about the people involved in the collision, nor have they shared any suspected causes.

'I have Covid,' Jim Cramer says. He says he's been triple vaccinated and has a mild case

CNBC's Jim Cramer said Monday he has tested positive for Covid, and he's isolating at home.

"I have Covid. I came down with Covid on Thursday night," Cramer said on "Squawk on the Street." He added he's been triple vaccinated: two shots of Moderna and a Moderna booster.

"I know exactly how I got it," he said. "I was at an event where you had to have PCR [tests]."

"I got it that night from someone who was tested that day," he said. "The problem is it works so fast. You can't stop it.

Cramer said his wife is sicker than he is. "She had J&J and Moderna," he revealed, referring to the Johnson & Johnson Covid vaccine and a Moderna booster shot.

Moderna said before-the-bell Monday a third dose of its Covid vaccine appears to provide significant protection against omicron. Shares opened 9% higher but pared those gains shortly thereafter.

Without a booster, Moderna's vaccine has been been found to be far less effective against omicron. The company said it'll continue to develop an omicron-specific booster.

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Rocket Companies To Buy Truebill For $1.275 Bln In Cash – Quick Facts

Rocket Companies (RKT) announced Monday it has entered into an agreement to acquire Truebill, the leading personal finance app, for $1.275 billion in cash. The deal is expected to close prior to the end of the year.

Truebill has quickly become the choice for consumers looking to live their best financial lives by managing subscriptions, improving credit scores, tracking spending and building budgets in a simple, easy-to-use app.

Founded in 2015, Truebill currently has 2.5 million members, and has doubled its user base in just the last year. The company currently analyzes $50 billion in monthly transaction volume and has saved consumers more than $100 million since its founding.

With the addition of Truebill’s financial wellness services, Rocket Companies will have both a new organic growth opportunity and a significant channel to nurture clients, keeping them engaged in the company’s FinTech ecosystem by providing value between the large financial transactions that Rocket Companies is known for.

This new line of business will also add consistent monthly revenue for Rocket Companies, which boasts 2.5 million serviced clients and has an industry-best retention rate of 91 percent.

Carnival Corp. Q4 sales increase

Carnival Corp. (CCL) revealed Loss for fourth quarter of -$2.62 billion

The company’s bottom line came in at -$2.62 billion, or -$2.31 per share. This compares with -$2.22 billion, or -$2.41 per share, in last year’s fourth quarter.

The company’s revenue for the quarter rose 4200% to $1.29 billion from $0.03 billion last year.

Carnival Corp. earnings at a glance:

-Earnings (Q4): -$2.62 Bln. vs. -$2.22 Bln. last year.
-EPS (Q4): -$2.31 vs. -$2.41 last year.
-Revenue (Q4): $1.29 Bln vs. $0.03 Bln last year.

SEBI suspends futures trading in key farm crops

Move seen to curb rising prices

Market regulator Securities & Exchange Board of India (SEBI) on Monday issued an order suspending futures trading in paddy (non-basmati), wheat, Bengal gram (chana dal), mustard seeds and its derivatives, soyabean and its derivatives, crude palm oil and green gram (moong dal) for a year, in a move believed to stem rising prices.

In its order, SEBI asked stock exchanges in commodity derivatives segment to not to undertake any trading in derivative contracts in these key farm commodities with immediate effect.

“No new contract shall be launched till further orders. In respect of running contracts, no new position will be allowed to be taken. Only squaring up of position will be allowed,” the regulator said in its order.

“These directions will be implemented with immediate effect. The above-mentioned directions are applicable, for a period of one year,” it added.

India is the world’s biggest importer of vegetable oils. Prices of these kitchen staples have been spiralling in recent months.

The government as well as the Reserve Bank of India (RBI) are struggling to hold prices of food items to curb inflation and Monday’s measures are believed to be steps in this direction.

As edible oil prices hit near record highs the union government recently cut taxes on imports of palm, soy and sunflower oil substantially but this measure has not made much difference.