Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Market debut Athene Holding is expected to make its stock market debut today. The Bermuda-based financial company was founded in 2009 and is focused on retirement savings products. The companys shares are scheduled to trade on the New York Stock Exchange under the symbol ATH.

Another bump? Sales by U.S. wholesale businesses have been mostly rising this year. They edged up 0.2 percent in September, following a 0.7 percent increase the previous month, thanks to gains in sales of electrical goods, petroleum and other goods. Did the trend continue in October? Find out today, when the Commerce Department reports its latest data on wholesale business sales.

Oil and gas tracker Oilfield services company Baker Hughes issues today its latest weekly tally of U.S. oil and natural gas rigs. While depressed energy prices have curtailed exploration, the rig count has been rising in recent weeks. Last week, the number of rigs increased by four to 597. That total included 477 rigs exploring for oil and 119 seeking natural gas. One was listed as miscellaneous. The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Diverging diagnoses A highly anticipated new way to treat cancer suffered another setback last month when Juno Therapeutics reported two more patient deaths in a study of an experimental leukemia drug. There have been other worrying signs about the treatment, which reengineers patients immune systems to fight cancer. Juno previously halted the same trial in July after three similar patient deaths linked to brain swelling. In August, Swiss giant Novartis shuttered its business unit studying the same technology, eliminating 120 jobs. In the world of drug development, that kind of news often means trouble for every company working on a similar approach. But this time theres an exception. …

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