(AOF) – The US equity markets move in dispersed order. The Dow Jones is progressing timidly despite the disappointing job creation in the United States in September. 194,000 positions were created against a consensus of 500,000 after 366,000 in August. The Nasdaq is penalized by the recovery in long rates (+3.8 basis points to 1.614%) which makes technology stocks less attractive. Around 5:35 p.m., the Dow Jones gathered 0.03% to 34,772.28 points while the Nasdaq Composite dropped 0.24% to 14,619.48 points.
Chubb (+ 2.1% to $ 182.17) signed a definitive agreement to acquire Cigna’s life and non-life insurance companies, which house the non-life, complementary health and life insurance businesses in seven markets Asia-Pacific for $ 5.75 billion in cash. The operations to be acquired include Cigna’s A&H and Life businesses in Korea, Taiwan, New Zealand, Thailand, Hong Kong and Indonesia, as well as its stake in a joint venture in Turkey. These transactions generated approximately $ 3 billion in net premiums written in 2020.
Today’s economic figures
In the United States, wholesale inventories rose 1.2% in August, in line with expectations. They had increased 0.6% in July.
In the United States, 194,000 jobs were created in September. Economists had forecast 500,000 job creations after 366,000 (revised figure of 235,000) in August. The unemployment rate fell to 4.8% from 5.2% the previous month. The consensus gave it at 5.1%.
The values to follow today
Chubb has signed definitive agreement to acquire Cigna’s life and non-life insurance companies, which house the property and casualty, supplemental health and life insurance businesses in seven Asia-Pacific markets for $ 5.75 billion cash. The operations to be acquired include Cigna’s A&H and Life businesses in Korea, Taiwan, New Zealand, Thailand, Hong Kong and Indonesia, as well as its stake in a joint venture in Turkey. These transactions generated approximately $ 3 billion in net premiums written in 2020.
According to Reuters, Indian pharmaceutical companies, Aurobindo Pharma and MSN Laboratories, have requested authorization to end clinical trials of molnupiravir, the treatment for Covid-19 developed by Merck, in patients with moderate forms of the disease. This treatment does not show marked effectiveness in these cases, the news agency said. In addition, Berenberg raised its price target on Merck from 86 to 92 dollars while reiterating its recommendation to Keep.
Elon Musk announced Thursday that Tesla’s headquarters will move from Palo Alto, Calif., To Austin, Texas, where the electric vehicle maker is currently building a new plant. “To be clear, we will continue to expand our business in California,” said the famous entrepreneur, but “you cannot grow endlessly in the San Francisco Bay area”. These remarks were made on the occasion of Tesla’s annual general meeting of shareholders.
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