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(RTTNews) - Shares of entertainment and dining venues operator Dave & Buster's Entertainment, Inc. (PLAY) are rising more than 10% Monday morning at $17.70. The company announced the proposed private offering of $500 Million of Senior Secured Notes Due 2025 by Dave & Buster's, Inc., unit of the company. The company expects to use the proceeds from the Offering to repay all amounts outstanding under its Term Loan Facility and to repay drawings under its Revolving Credit Facility Dave & Buster's Entertainment stock is currently trading at $17.75. It has been trading in the range of $4.60- $48.80 in the past 52 weeks.
China has surpassed the US in movie ticket sales for the first time ever, making it the world’s biggest box office, according to new data. Year-to-date movie ticket sales in China climbed to $1.99 billion on Sunday, topping the US total of $1.94 billion, according to Asian film consultancy data Artisan Gateway. The gap is expected to widen by year’s end, as major Hollywood movie studios have pulled their big budget holiday releases, such as the new James Bond flick “No Time to Die” and the superhero flick “Black Widow,” starring Scarlett Johansson. The US is still struggling to manage the spread of the coronavirus, causing movie theaters to operate at limited capacity and in some states, not at all. Meanwhile, China, which was the first country to be hit by the virus, has reportedly contained its contagion and has seen a rebound in moviegoing. China’s tens of thousands of movie houses are operating at 75 percent capacity. During the recent weeklong National Day holiday, running Oct. 1 to Oct. 8, China’s cinemas sold a whopping $586 million worth of tickets, the report said. According to ticket sales tracker Box Office Mojo, for the non-holiday weekend of Oct. 9- 11,
RIYADH (REUTERS) - Saudi Arabia's biggest supermarket chains this week joined a growing boycott of Turkish imports proposed by business leaders and Saudis on social media, as political tensions spilled into trade between the two regional powers. Turkey and Saudi Arabia have been at loggerheads since the 2011 "Arab Spring" over Ankara's support for Islamist political groups. The 2018 murder of Saudi journalist Jamal Khashoggi in the kingdom's Istanbul consulate escalated tensions sharply. Othaim Markets, Danube Supermarkets, Tamimi Markets and Panda Retail Company issued statements announcing they would stop carrying Turkish goods once existing stocks are sold off. "Our leaders, our government and our security are a red line and they do not accept to be harmed," Othaim Markets said in the statement on its company Twitter account. Saudi Arabia's government media office has said authorities have not placed any restrictions on Turkish goods. However, in an apparently informal boycott of imports of Turkish goods, signs urging customers not buy Turkish goods were seen in some retail stores in the capital Riyadh last week. The head of Saudi Arabia's non-governmental Chambers of Commerce, Ajlan al-Ajlan, called for the boycott earlier
(RTTNews) - Shares of Edesa Biotech, Inc. (EDSA), a Canada-based clinical-stage biopharmaceutical company, are rising more than 14 percent or $1.08 in Monday's morning trade at $8.78. Monday, Edesa Biotech said it has received clearance from the U.S. Food and Drug Administration or FDA to begin the Phase 2 portion of the Phase 2/3 clinical study of its investigational drug, EB05, for the treatment of hospitalized COVID-19 patients. The Phase 2/3 study protocol has previously been approved by Health Canada. The company has begun the site initiation process at U.S. hospitals. EB05 is an experimental monoclonal antibody that Edesa believes could regulate the overactive immune response associated with Acute Respiratory Distress Syndrome or ARDS - the leading cause of death in COVID-19 patients. Edesa Biotech has traded in a range of $1.58 to $19.10 in the past 52 weeks.
Contractors install shingles on the roof of a home under construction in Park City, Utah, U.S., on Friday, Aug. 14, 2020. George Frey | Bloomberg | Getty Images The nation's homebuilders are seeing no fall chill in demand from buyers, and that has the industry more confident than ever. Builder sentiment set a record high for the second month in a row, jumping to 85 in October on the NAHB/Wells Fargo Housing Market Index. September and October are the first two months the index has ever been above 80. Anything above 50 is considered positive. The index stood at 71 in October 2019. All three components of the index either set records or matched their highest readings. Current sales conditions rose 2 points to 90. Sales expectations in the next six months increased 3 points to 88, and buyer traffic was unchanged at 74. "Traffic remains high and record-low interest rates are keeping demand strong as the concept of 'home' has taken on renewed importance for work, study and other purposes in the Covid era," said NAHB Chairman Chuck Fowke, a builder from Tampa, Florida. "However, it is becoming increasingly challenging to build