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Eravacycline test failure plunges Tetraphase shares
The Tetraphase Pharmaceuticals Inc. shares had fallen in late trading Tuesday to 80%. This is after a study discovered that its manufactured experimental antibiotic was no better than a standard generic treatment.
S&P Downgrades Brazil's Credit Rating Straight Down to Junk Territory
Brazil's investment-grade credit falls beyond correction and into junk territory as Standard & Poor's downgraded the country's debt Wednesday. According to a report from The Guardian, Standard & Poor's said that Brazil lost its investment-grade status as it is projected with a negative outlook. This downgrade is unfortunate as the nation enters a recession.
French Industry Production Plunges Lower to 0.8%, Lowest Since November 2014
French Industry slumps lower in the third quarter as production unexpectedly fell to 0.8%, a number lowest since November 2014. Economists forecasted a 0.2 increase according to Bloomberg survey, making the 0.8 percent downward curve such a big surprise. The statistics office reported Thursday that French industry output fell by 0.8 percent annually. Meanwhile, manufacturing output also dropped by 1 percent this month.
'Pacific Rim: Maelstrom' Reportedly Delayed? Charlie Hunnam Wants the Sequel with Less CGI
The much-awaited sequel to Pacific Rim is reportedly delayed and rumors have it that the lead star Charlie Hunnam wants 'Pacific Rim: Maelstrom' to be created with less CGI.