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US Stocks Mixed; Dollar General Posts Upbeat Earnings
Benzinga· 2025-06-03 14:08
Company Performance - Dollar General Corporation reported first-quarter earnings that exceeded expectations, with net sales increasing by 5.3% to $10.44 billion, slightly below the consensus of $10.64 billion [2] - The company achieved a net income of $391.9 million, up 7.9%, with earnings per share of $1.78, surpassing the consensus estimate of $1.58 [2] - Dollar General updated its fiscal year 2025 sales growth expectations to approximately 3.7% to 4.7%, an increase from the previous forecast of 3.4% to 4.4% [3] - The earnings guidance was revised from $5.10-$5.80 per share to $5.20-$5.80, compared to the consensus of $5.62 [3] Market Trends - Information technology shares increased by 0.6% on Tuesday, indicating a positive trend in the sector [1] - Real estate stocks experienced a decline of 1.1%, reflecting challenges in that sector [1] - In commodity markets, oil prices rose by 1% to $63.10, while gold prices fell by 0.9% to $3,367.80 [5] Global Market Overview - European shares showed mixed results, with the eurozone's STOXX 600 declining by 0.1% and Spain's IBEX 35 Index falling by 0.7%, while London's FTSE 100 rose by 0.1% [6] - Asian markets closed mixed, with Japan's Nikkei down by 0.06% and Hong Kong's Hang Seng Index up by 1.53% [9]
Traws Pharma Announces Publication of Compelling Efficacy data in RDEB SCC Patients Treated with Legacy Oncology Drug Rigosertib
Globenewswire· 2025-06-03 11:00
Core Insights - Traws Pharma announced promising clinical efficacy data for rigosertib, showing an overall response rate of 80% and complete responses in 50% of evaluable patients with RDEB-associated SCC [1][2][4] - Rigosertib is being positioned as a potential treatment for cutaneous SCC in RDEB patients, addressing a significant unmet medical need [2][4] - The company is actively seeking partners for the development and commercialization of rigosertib [3][9] Group 1: Clinical Data - The publication in the British Journal of Dermatology marks the first clinical trial of any experimental cancer therapeutic in RDEB-associated SCC [1] - The aggressive nature of RDEB-associated SCC results in a cumulative risk of death of 70% by age 45 and 78.7% by age 55 [4] Group 2: Company Strategy - Traws Pharma is committed to finding a partner to advance rigosertib towards approval [3] - The company is also developing antiviral agents targeting various viral diseases, indicating a broader therapeutic focus [8]