Pandora necklace

ADRs end lower; RedHill Biopharma and Pandora among actively trading companies

By Kimberly Chin

International stocks traded in New York City closed lower on Tuesday. The S & P / BNY Mellon US Certificate of Deposit Index fell 0.6% to 165.55. The European index slipped 0.3% to 144.38. The Asian index fell 0.9% to 226.12. The Latin American index fell 0.6% to 201.15. And the emerging markets index fell 1.3% to 376.25.

The ADRs of RedHill Biopharma Ltd. fell 32% after the company said a Covid-19 pneumonia study missed its primary focus. Efficacy data showed consistent trends in favor of the opaganib arm, but endpoints did not reach statistical significance, the company said.

ADRs of Pandora AS, which are traded over-the-counter, jumped 6.6% on Tuesday after the Danish jeweler set new financial targets and increased its share buyback program by DKK 3 billion (476 , $ 5 million) to DKK 3.5 billion.

BP PLC’s ADR fell 1.6% after the U.K. company said on Tuesday that Anja-Isabel Dotzenrath, the former CEO of RWE Renewables, would help move away from fossil fuels and low-emission energies. carbon. She replaces Dev Sanyal, a longtime BP executive, who is leaving the company to take on a new role at a private refining company.

Write to Kimberly Chin at [email protected]

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