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ADRs End Mostly Higher; Teva Down on Opioid Verdict

12/30/2021 | 04:37pm EDT

By Will Feuer

International stocks trading in New York closed mostly higher on Thursday.

The S&P/BNY Mellon index of American depositary receipts rose 0.65% to 160.50. The European index fell 0.37% to 146.33. The Asian index rose 1.98% to 208.11. The Latin American index increased 1.89% to 179.73. The emerging-markets index rose 2.89% to 341.11.

Teva Pharmaceutical Industries Ltd.'s ADRs fell 6.29% after a New York jury found that the Israeli-based pharmaceutical company was liable for playing a role in fueling opioid addiction. Teva said it disagrees with the ruling and plans to both appeal as well as pursue a mistrial ruling.

ADRs of Cemex SAB de CV rose 2.56% on Thursday after the Mexican building materials company agreed to sell its assets in Costa Rica and El Salvador to Cementos Progreso Holdings, which operates across Central America, for about $335 million. The sale includes a cement plant, a grinding station, seven ready-mix plants, an aggregates quarry and two distribution centers.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

12-30-21 1636ET

Stocks mentioned in the article
ChangeLast1st jan.
CEMEX LATAM HOLDINGS, S.A. 0.00% 2700 End-of-day quote.-5.59%
CEMEX, S.A.B. DE C.V. 5.33% 8.7 End-of-day quote.-37.81%
TEVA PHARMACEUTICAL INDUSTRIES LIMITED 6.89% 8.445 Delayed Quote.-1.25%
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