Tesla Climbs 7%; Reverses Downward Spiral

Air Raid Alert Issued Across Ukraine As Russia Fires 120-plus Missiles

Ukraine issued an air raid alert across the country on Thursday after Russia launched more than 120 missiles in a fresh wave of attacks targeting civilian infrastructure in Ukrainian cities.

The Ukrainian Air Force said Russia was attacking the country from various directions with air and sea-based cruise missiles and Kamikaze drones.

Several explosions were reported in the Western city of Lviv, according to Mayor Andriy Sadovy. 90 percent of the city was without power, he said.

The Military Administration of Kryvyi Rih said the central city was attacked with missiles fired from Russian ships and planes stationed at the Black Sea.

Air defense systems were activated in capital Kyiv, Kharkiv in the northeast, Mykolaiv and Odesa in the south, and Zhytomyr and Poltava in central Ukraine among other cities.

Kyiv Mayor Vitali Klitschko said that air defense forces intercepted 16 missiles over the city.

Three people, including a 14-year-old girl, were injured in the attack. Residential homes, an industrial facility and a playground were damaged.

Presidential adviser Oleksiy Arestovych told residents to stay in shelters.

Earlier, Russia’s foreign minister Sergey Lavrov said his government will not negotiate with its counterparts in Ukraine under a 10-point peace formula proposed by President Volodymyr Zelensky, alleging that it is “another PR campaign from Washington.”

Ardelyx: FDA Grants Appeal For XPHOZA

Ardelyx, Inc. (ARDX) announced the Office of New Drugs, Center for Drug Evaluation and Research of the FDA granted the appeal to the Complete Response Letter for the New Drug Application for XPHOZAH. OND directed the FDA’s Division of Cardiology and Nephrology or DCN to work with Ardelyx to develop an appropriate label.

The company said the OND’s decision follows a favorable outcome of the November 16, 2022 CRDAC meeting, where the Advisory Committee voted nine to four that the benefits of treatment with XPHOZAH outweigh its risks for the control of serum phosphorus in adults with chronic kidney disease on dialysis when administered as a monotherapy, and voted ten to two, with one abstention, that the benefits of treatment with XPHOZAH in combination with phosphate binder treatment outweigh its risks.

The response letter guided the company to request a meeting with the DCN to determine specific information that will form the basis for resubmission of the NDA for XPHOZAH. Ardelyx said it will request this meeting as soon as possible to enable it to resubmit the NDA in the first half of 2023.

For More Such Health News, visit rttnews.com.

6,884 Ukrainian Civilians Killed In Russia’s Invasion: UN

Nearly 7,000 Ukrainian civilians were killed in Russia’s 10 month-old invasion, the UN Human Rights agency said in its latest update. At least 6,884 Ukrainian civilians have been killed since Russia’s invasion of the country began in February.

The Office of the UN High Commissioner for Human Rights said that it has recorded 17,831 civilian casualties between February 24, when Russian forces attacked Ukraine, and December 26. This includes 6,884 deaths and injuries to 10,947 people. The dead include 1,832 women, 175 girls, and 216 boys.

Most of the deaths (4,052) were recorded in Donetsk and Luhansk, the two eastern border regions that Russia seized from Ukraine.

Most of the civilian casualties were caused by explosive weapons, including shelling from heavy artillery, multiple launch rocket systems, missiles and air strikes.

OHCHR said it believes that the actual figures are considerably higher, as the receipt of information from some locations where intense hostilities have been going on has been delayed and many reports are still pending confirmation.

Meanwhile, Russian forces shelled Kherson 50 times since Tuesday, reports quoting Ukrainian officials said. The targets included a maternity ward in the southern region.

Ukraine’s energy minister Herman Halushchenko has warned that Russia would intensify shelling on New Year’s Eve, and he thinks they will “try to cause maximum damage to the energy system.”

U.S. Pending Home Sales Unexpectedly Show Another Steep Drop In November

A report released by the National Association of Realtors on Wednesday unexpectedly showed a continued slump in U.S. pending home sales in the month of November.

NAR said its pending home sales index tumbled by 4.0 percent to 73.9 in November after plunging by 4.7 percent to a revised 77.0 in October.

The extended nosedive came as a surprise to economists, who had expected pending home sales to increase by 0.6 percent.

Pending home sales slid for the sixth consecutive month and are now down by 37.8 percent compared to the same month a year ago.

A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates, which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” said NAR Chief Economist Lawrence Yun.

“There are approximately two months of lag time between mortgage rates and home sales,” he added. “With mortgage rates falling throughout December, home-buying activity should inevitably rebound in the coming months and help economic growth.”

The report showed particularly steep drops in pending home sales in the Northeast and Midwest, where pending home sales plummeted by 7.9 percent and 6.6 percent, respectively.

Pending home sales in the South also slumped by 2.3 percent, while pending home sales in the West fell by 0.9 percent.

Tesla Climbs 7%; Reverses Downward Spiral

Shares of Tesla, Inc. (TSLA) are rising 6 percent on Thursday’s trading. The stock was up 5.3 percent in pre-market trading. According to reports, the stock was positively impacted by CEO Elon Musk’s message to employees late Wednesday to ignore “stock market craziness” and “focus on deliveries over the final few days of the quarter”.

Tesla’s shares had hit a 28-month low on Tuesday as investors continue to sell stock of the luxury electric car maker after Musk acquired social-media company Twitter, Inc. in April.

Currently at $120.80, the stock has traded between $108.24 and $402.67 during the past 52 weeks.