Synta Pharmaceuticals Corp., the maker of the experimental cancer drug ganetespib, said co- founder Safi Bahcall has resigned as chief executive officer and will be replaced by a committee led by Chairman Keith Gollust until a new top executive is named.
European stocks plunged the most in more than a month, retreating after reaching a six-year high last week, as investor concern increased that the escalating tension in Ukraine will hurt corporate earnings.
Stocks slid, with an index of global equities tumbling the most in a month, while the ruble weakened to an all-time low as Russia’s growing military presence in Ukraine prompted an emerging-market selloff. The yen, U.S. Treasuries and gold rose as investors sought havens.
Refiners say concessions offered by the U.S. Environmental Protection Agency in an order issued today to reduce smog-producing sulfur in gasoline aren’t enough and the rule will still result in higher prices for consumers.
The U.S. Environmental Protection Agency plans to unveil new regulations next week to reduce smog from automobiles, including cutting by two-thirds the level of sulfur in gasoline, according to people familiar with the agency’s deliberations.
The U.S. Environmental Protection Agency plans to unveil new regulations March 3 to reduce smog from automobiles, including cutting by two-thirds the level of sulfur in gasoline, people familiar with the agency’s deliberations said.