US stock futures were flat to slightly lower as investors
watched lawmakers in Washington move closer to a deadline for
reaching a deal on a budget and for raising the debt ceiling,
without which the government will be forced into a shutdown.
Yesterday, U.S. Treasury Secretary Jack Lew said that the markets'
confidence that a deal will be struck is "greater than it should
August durable goods orders meanwhile rose by 0.1% compared to
the consensus for a drop of 0.6%. Data on new-home sales in August
will be out on 10 a.m.
In equities, Oncothyreon (
) rose 23.33% after saying Merck Serono will continue clinical
development of the MUC1 antigen-specific cancer immunotherapy
tecemotide under a license agreement with ONTY. Clovis Oncology (
) fell 12.28% after Bloomberg reported the company is struggling to
find a buyer.
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