#USA_Federal #Trade Commission has sought additional information about a $16.5 #billion deal by #Novo #Nordisk (NYSE:#NVO)’s parent to buy manufacturing subcontractor Catalent (NYSE:#CTLT). The deal was announced in February and #Novo #Nordisk Foundation has since refiled its application to the #USA FTC seeking regulatory approval for it. #Catalent in a regulatory filing on Friday […]

  #USA_job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the #Federal_Reserve that will likely require more such signals before pivoting from a higher for longer policy. Nonfarm payrolls increased by 175,000 jobs last month, the #Labor_Department said

  #Societe_Generale shares fell more than 5% on Friday after the bank’s #CFO flagged that net interest income in 2024 from the group’s #French retail business would be at the lower end of guidance. The #French_bank’s shares had earlier gained more than 5%, hitting their highest since March 2023, after SocGen reported first-quarter results that

  #USA_stock index futures rose further Friday after the key monthly employment report showed slowing jobs #growth, raising hope that the #Federal #Reserve could ease interest #rates relatively shortly. AT 08:40 ET (12:40 GMT), #Dow_Jones Futures rose 505 points, or 1.3%, S&P 500 Futures lifted 60 #points, or 1.2%, and #Nasdaq 100 Futures climbed 280 points, or 1.6%. 

   The #USA_economy added fewer #jobs than anticipated in April, but the overall employment picture remained relatively tight, potentially impacting when #markets expect the Federal Reserve to roll out possible interest rate reductions this year. The Labor Department’s closely-monitored labor market report showed that nonfarm #payrolls came in at 175,000 last month, down from an upwardly