U.S. stocks rose slightly Thursday as investors looked toward new consumer inflation data for greater insight on the economy.
The consumer price index increased 0.4% on the month and 3.7% from a year ago, according to a Labor Department report released Thursday. Dow Jones estimates were 0.3% and 3.6%, respectively. The core inflation number, excluding food and energy prices, came out in line with economists’ expectations at an increase of 0.3% on the month and 4.1% on a 12-month basis.
Shares of OpGen surged 370% in morning trading Thursday after the precision-medicine company said it was in talks on a potential strategic transaction with an unnamed investor.
In a filing with the U.S. Securities and Exchange Commission, OpGen said it agreed to sell $1 million of preferred stock to the investor in a private placement in connection with the talks.
In a separate filing, OpGen said its Curetis unit received an advance payment of nearly $800,000 related to the sale of certain Unyvero A50 systems to a unnamed strategic partner, and that the partner may buy additional systems while the parties pursue a potential strategic transaction.
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