NATO Defense Ministers to Discuss Reinforcing Alliance
NATO defense ministers are gathering today in Brussels to discuss how to reinforce the alliance's eastern flank in response to Russia's invasion of Ukraine.
The gathering could have implications beyond the alliance. The defense minister of Ukraine, where President Volodymyr Zelensky has urged NATO to provide more military assistance, will participate. So will those from Finland and Sweden-where the idea of joining the alliance is gaining popularity-as well as representatives from Georgia and the European Union, NATO has said.
North Korea Weapons Test Appears to Have Failed, Seoul Says
SEOUL-North Korea test-fired an unknown projectile on Wednesday, though the launch was unsuccessful, South Korea's military said, a stumble that Pyongyang has largely avoided in recent years.
The attempted launch occurred at 9:30 a.m. local time from the Sunan area, on the outskirts of Pyongyang, according to the South Korean military. The projectile appeared to have exploded during an early boost phase just after taking flight, at an altitude of roughly 12 miles or less, a South Korean military official said. Japan's Defense Ministry said it was aware of the launch but unable to confirm the flight of any ballistic missile.
Senate Confirms Shalanda Young to Lead OMB
WASHINGTON-The Senate confirmed Shalanda Young on Tuesday to be the director of the Office of Management and Budget, the first Black woman to hold the position.
Ms. Young, who has served as the acting director of the agency, was confirmed in a 61-36 vote.
Merrick Garland Orders More Open Access to Government Documents
WASHINGTON-Attorney General Merrick Garland directed federal agencies to "apply a presumption of openness" when fulfilling Freedom of Information Act requests, after lawmakers pressed him to increase transparency as the denial rate for such inquiries has risen in recent years.
Information that might be considered exempted from release shouldn't be withheld unless an agency can identify a "foreseeable harm or legal bar to disclosure," Mr. Garland said in a memo Tuesday.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
Blackline Safety 1Q
Calfrac Well 4Q
Largo 4Q
Sierra Metals 4Q
STEP Energy 4Q
Economic Indicators (ET):
0830 Jan Wholesale Trade
0830 Feb CPI
Stocks to Watch:
Energy Fuels 2021 Rev $3.2M Vs. $1.7M; EPS 1c Vs. Loss 23c; Will Continue to Seek New Revenue Sources; Continue to Believe Uranium Supply, Demand Fundamentals Point to Higher Sustained Uranium Prices
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Information Services 4Q EPS C$0.57 Vs. EPS C$0.45; Ebitda C$17.6M Vs. C$15.7M; Rev C$44.2M Vs. C$39.0M; FY EPS C$1.78 Vs. EPS C$1.18; Rev C$169.4M Vs. C$136.7M; Ebitda C$60.5M Vs. C$43.4M; Sees 2022 Rev C$168.0M-C$173.0M; Sees 2022 Net C$23.0M-Net C$27.0M
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Nexus Industrial REIT 4Q Rev C$27.5M Vs. C$15.6M; Net Operating Income C$19.1M Vs. C$9.7M; 2021 Rev C$83.6M Vs. C$61.4M; Operating Income C$56.0M Vs. C$39.2M; to Make March Distribution of C$0.05333/Unit
Nexus Industrial REIT: Completed C$236.5M of Industrial Acquisitions So Far This Year; Acquisition Pipeline Remains Strong; Will Explore Opportunities to Add GLA at Several Recently Acquired Properties
Expected Major Events for Wednesday
00:01/UK: Feb Scottish Retail Sales Monitor
04:30/JPN: Jan Revised Industrial Production
04:30/JPN: Jan Revised Retail Sales
09:00/ITA: Feb CPI
09:00/FRA: Mar IEA Oil Market Report
09:30/UK: Dec Card Spending statistics
11:00/US: 03/11 MBA Weekly Mortgage Applications Survey
12:30/CAN: Jan Wholesale trade
12:30/US: Feb Import & Export Price Indexes
12:30/US: Feb Advance Monthly Sales for Retail & Food Services
12:30/CAN: Feb CPI
14:00/US: Mar NAHB Housing Market Index
14:00/US: Jan Manufacturing & Trade: Inventories & Sales
14:30/US: 03/11 EIA Weekly Petroleum Status Report
18:00/US: Federal Reserve economic projections
18:00/US: U.S. interest rate decision
23:50/JPN: Jan Orders Received for Machinery
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Wednesday
Ampio Pharmaceuticals Inc (AMPE) is expected to report for 4Q.
Athenex Inc (ATNX) is expected to report $-0.31 for 4Q.
Axcella Health Inc (AXLA) is expected to report for 4Q.
BRC Inc (BRCC) is expected to report for 4Q.
Ballantyne Strong (BTN) is expected to report for 4Q.
Calfrac Well Services is expected to report for 4Q.
Catalyst Pharmaceuticals Inc (CPRX) is expected to report $0.12 for 4Q.
Coda Octopus Group Inc (CODA) is expected to report for 1Q.
Coffee Holding Co (JVA) is expected to report $0.06 for 1Q.
Crawford United Corp (CRAWA) is expected to report for 4Q.
DICE Therapeutics Inc (DICE) is expected to report for 4Q.
Excellon Resources is expected to report for 4Q.
Ikena Oncology Inc (IKNA) is expected to report for 4Q.
InPlay Oil Corp (IPO.T) is expected to report for 4Q.
InfuSystems (INFU) is expected to report $0.00 for 4Q.
Ion Geophysical Corp (IO) is expected to report $-0.07 for 4Q.
Jabil Inc (JBL) is expected to report $1.23 for 2Q.
Kaleido Biosciences Inc (KLDO) is expected to report $-0.60 for 4Q.
Lands' End Inc (LE) is expected to report for 4Q.
Lennar Corp - A Share (LEN,LENB) is expected to report $2.60 for 1Q.
Magellan Aerospace is expected to report $0.04 for 4Q.
NewAge Inc (NBEV) is expected to report for 4Q.
Ocuphire Pharma Inc (OCUP) is expected to report for 4Q.
Pangaea Logistics Solutions Ltd (PANL,PNL) is expected to report $0.53 for 4Q.
Progressive Corp (PGR) is expected to report.
Ring Energy (REI) is expected to report $0.17 for 4Q.
Savara Inc (SVRA) is expected to report $-0.46 for 4Q.
Shoe Carnival (SCVL) is expected to report $0.35 for 4Q.
Siebert Financial Corp (SIEB) is expected to report for 4Q.
Sigmatron International Inc (SGMA) is expected to report for 3Q.
Soleno Therapeutics Inc (SLNO) is expected to report $-0.08 for 4Q.
Sonim Technologies Inc (SONM) is expected to report for 4Q.
SouthGobi Resources Ltd (1878.HK,SGQ.T,SGQRF) is expected to report $-0.04 for 4Q.
Steel Connect Inc (STCN) is expected to report for 2Q.
Synthetic Biologics Inc (SYN) is expected to report $-0.03 for 4Q.
Telos Corp (TLS) is expected to report for 4Q.
Viracta Therapeutics Inc (VIRX) is expected to report for 4Q.
Werewolf Therapeutics Inc (HOWL) is expected to report for 4Q.
Zovio Inc (ZVO) is expected to report for 4Q.
vTv Therapeutics Inc (VTVT) is expected to report $-0.05 for 4Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
Coupa Software Cut to Neutral From Overweight by Piper Sandler
Coupa Software Cut to Perform From Outperform by Oppenheimer
Coupa Software Shares Drop 20% After 1Q, 2022 Revenue Guidance Falls Short
Evolv Technologies Cut to Hold From Buy by Stifel
Fortive Raised to Overweight From Equal-Weight by Barclays
GoodRx Holdings Raised to Outperform From Neutral by Baird
Hormel Foods Cut to Sell From Neutral by Goldman Sachs
LiveRamp Holdings Raised to Outperform From Market Perform by BMO Capital
Mosaic Raised to Buy From Neutral by Goldman Sachs
Nektar Therapeutics Cut to Market Perform From Outperform by Cowen & Co.
Nektar Therapeutics Cut to Neutral From Buy by BTIG
Nektar Therapeutics Cut to Neutral From Buy by Mizuho
Northern Oil Raised to Buy From Accumulate by Johnson Rice
Prelude Therapeutics Cut to Neutral From Buy by B of A Securities
UDR Inc Raised to Outperform From Peer Perform by Wolfe Research
Washington Federal Raised to Buy From Neutral by DA Davidson
WW Grainger Raised to Overweight From Neutral by Atlantic Equities
Zoom Video Communications Raised to Buy From Hold by Benchmark
Zynga Cut to Neutral From Buy by UBS
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
03-16-22 0600ET
