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Google Business NewsOct 19, 2018
US Existing-Home Sales Fall to Lowest Since 2015 - Bloomberg

Bloomberg


Sales of previously owned U.S. homes eased in September to the weakest pace in almost three years, a sign rising prices and mortgage costs are keeping potential buyers on the sidelines, National Association of Realtors data showed Friday.
US Existing-Home Sales Dropped in September


MarketWatch MarketPulseOct 19, 2018
UPDATE: Clovis stock rises 8% on promising results in prostate cancer trial
Clovis Oncology Inc. shares were down 12% in afternoon trade Friday, reversing gains made early in the day after the company released initial data from an ongoing prostate cancer trial showing that, in 25 patients, 44% showed a reduction in cancer tumor size. The phase 2 clinical trial tested Clovis' Rubraca therapy in individuals with metastatic castration-resistant prostate cancer, which is the most difficult-to-treat form of the disease, and is often considered incurable. Patients in the trial specifically had a BRCA 1/2 gene mutation, putting them at risk for more aggressive forms of prostate cancer. Data from the trial have been highly anticipated, as they were the basis for a recent "breakthrough therapy" designation from the Food and Drug Administration, which allows for faster-than-usual development and review of a given drug. The recent results were announced as part of the ongoing European Society for Medical Oncology conference. Leerink analysts led by Andrew Berens said the data were encouraging, and may have exceeded investor expectations. They " suggest that an accelerated pathway in BRCA patients could be a possibility, if the duration of the responses at later analyses are compelling," Berens wrote in a note. Clovis shares have dropped 43% over the last three months, compared with a 1.3% decline in the S&P 500 and a 1.3% rise in the Dow Jones Industrial Average .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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