U.S Market Update |
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- The Chicago Purchasing Managers Index (PMI) rose to 48.2 from 44.5 m/m, beating expectations of a reading of 46 or so. Note that a figure below 50 indicates a contraction in manufacturing activity. This moderately less grim snapshot of US manufacturing helped boost the DJIA in early trading. - The New England Journal of Medicine published a damning editorial on Sunday, stating that lucrative and widely prescribed cholesterol drugs from Merck and Schering-Plough may not work and should only Read More...
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