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<keyword id="20555600" type="General" weightage="20" keywordseo="Dr-Reddys-Laboratories" source="keywords" meta.keywordsubtype="org" meta.entityname="Dr Reddy's Laboratories" meta.hostid="261" meta.entityid="Dr Reddy's Laboratories">Dr Reddy's Laboratories</keyword> and <keyword id="20026907" type="General" weightage="20" keywordseo="Sun-Pharma" source="keywords" meta.keywordsubtype="org" meta.entityname="Sun Pharma" meta.hostid="261" meta.entityid="Sun Pharma">Sun Pharma</keyword> are recalling products in the US due to manufacturing issues, as per the latest Enforcement Report by the US Food and Drug Administration (<keyword id="19914245" type="General" weightage="20" keywordseo="USFDA" source="keywords">USFDA</keyword>). According to the report, Dr Reddy's Laboratories is recalling drugs to treat insomnia and gout in the American market. New Jersey-based Dr Reddy's Laboratories, Inc., a unit of Hyderabad-based drug major, is recalling 13,752 bottles of Eszopiclone tablets, the USFDA stated. The affected lot has been produced at Dr Reddy's Bachupally plant in Telangana. As per the USFDA, the drug firm is recalling the affected lot due to "Failed Impurities/Degradation Specifications". The company issued the Class III nationwide recall on June 4 this year. As per the USFDA, a Class III recall is initiated in a "situation in which use of, or exposure to, a violative product is not likely to cause adverse health consequences". Dr Reddy's Laboratories, Inc. is also recalling 20,520 units of Allopurinol tablets in the US market due to the "presence of foreign substance". The company initiated the Class II nationwide (US) recall on June 7, 2024, the US health regulator said. The USFDA said a US-based unit of Sun Pharma is recalling 2,088 vials of Decitabine for Injection (50mg per vial) due to "CGMP Deviations". The affected lot of the chemotherapy medication was produced at Sun Pharma's Gujarat-based manufacturing plant. New Jersey-based Sun Pharmaceutical Industries Inc. initiated the nationwide Class II recall on July 2 this year. As per the USFDA, a Class II recall is initiated in a situation in which the use of, or exposure to, a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote. SEE ALSO:<a href="https://www.businessinsider.in/sports/webstories/virat-kohli-not-included-in-the-rohit-sharma-led-icc-team-of-the-tournament/slidelist/111398470.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/virat-kohli-not-included-in-the-rohit-sharma-led-icc-team-of-the-tournament/slidelist/111398470.cms" target="_blank">Virat Kohli not included in the Rohit Sharma-led ICC Team of the Tournament</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-july-2024/slidelist/111341281.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-july-2024/slidelist/111341281.cms" target="_blank">Upcoming cars launching in India in July 2024</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank">Reliance Jio and Airtel price hike – new plans and how you can save money</a>

Dr Reddy's, Sun Pharma recall drugs in US market: USFDA

<ul class="summary-list"><li>The postelection rally staggered on Tuesday as bond yields spiked.</li><li>Some parts of the Trump trade continued to gain, such as bitcoin and the US dollar.</li></ul>The five-day election rally sputtered on Tuesday as the market turned its attention toward incoming economic data.Some parts of the Trump trade maintained momentum, with crypto and FX traders cheering on the president-elect's policies. But while <a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">bitcoin</a> and the US dollar continued to push higher, equity indexes retreated <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-11/stock-market-today-dow-s-p-live-updates?srnd=phx-markets">Monday's closing highs</a>.The Dow Jones Industrial Average lost nearly 350 points after hitting a record high over 44,000 in the previous session. The post-election rally in financials and small-caps also stumbled.Hurting the Trump bump on Tuesday was the surge in bond yields. The 10-year Treasury yield spiked aggressively, surging 13 basis points. The sharp rise comes a day ahead of October's consumer inflation report. Wall Street is eyeing for any upside price surprise, which could unwind interest rate cut outlooks.Economists expect a 2.5% year-over-year jump in Wednesday's CPI data, compared to a rise of 2.4% in the prior month."The inflation numbers might tick up a little this week as some areas like transportation, consumer durables, and rent have been harder to get under control. After steady progress, we might be leveling off, but the Fed has made progress toward their target," said Scott Helfstein, Global X head of investment strategy. "There is no reason to believe that one month of data will change the Fed strategy, and a 25 bp cut in December remains the base case."Still, the market indicates a 37.9% chance that the Federal Reserve will keep interest rates steady next month. Trump's policies are expected to have a potentially inflationary impact, and the market is debating whether interest rates will remain higher for longer as the Fed is again forced to confront rising prices."Inflation is not tamed," Apollo's co-president Scott Kleinman told <a target="_blank" href="https://www.bloomberg.com/news/videos/2024-11-12/apollo-s-scott-kleinman-says-inflation-is-not-tamed-video">Bloomberg TV</a>. "The Fed can say what it wants. You just have to open your eyes and look around."Here's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,983.99, down 0.29% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 43,910.98, down 0.86% (-382.15 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 19,281.40, down 0.09% </li></ul>Here's what else happened today:<ul><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-trump-rally-economy-interest-rates-inflation-david-rosenberg-2024-11?_gl=1*1p9ha58*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMTQ0MTEzMi44MjQuMS4xNzMxNDQyODAzLjYwLjAuMA..">The postelection rally is disconnected from fundamentals,</a> David Rosenberg said.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/dogecoin-price-market-value-ford-crypto-boom-trump-elon-musk-2024-11?_gl=1*1r8abo1*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMTQ0MTEzMi44MjQuMS4xNzMxNDQyODYzLjYwLjAuMA..">Dogecoin is worth more than Ford as Trump's win propels total crypto market cap to $3 trillion.</a></li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/tesla-stock-elon-musk-political-influence-trump-ai-autonomous-2024-11?_gl=1*1nao6vg*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMTQ0MTEzMi44MjQuMS4xNzMxNDQyOTU2LjYwLjAuMA..">Tesla stock could soar 50% amid Elon Musk's new political influence</a>, Morgan Stanley says.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/hertz-stock-price-tesla-ev-fleet-q3-earnings-profit-revenue-2024-11?_gl=1*1phxwrx*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMTQ0MTEzMi44MjQuMS4xNzMxNDQzMDMyLjU4LjAuMA..">Hertz's failed Tesla bet weighs down its earnings, tanking shares in the car rental company.</a></li><li><a target="_blank" href="https://www.businessinsider.com/trump-policies-economy-recession-inflation-stock-market-outlook-nouriel-roubini-2024-11">"Dr. Doom" Nouriel Roubini warns of stagflation under Trump's policies.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil inched up 0.21% to $68.18 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, increased by 0.17% to $71.95 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Gold</a> was shed 0.5% hitting $2,604.7 an ounce.</li><li>The 10-year Treasury yield spiked 13 basis points to 4.441%</li></ul><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> rose 2.79% to $89,552.

Stock market today: Election rally stumbles as bond yields spike ahead of key inflation data

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Dr Reddy's, Sun Pharma recall drugs in US market: USFDA

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Stock market today: Election rally stumbles as bond yields spike ahead of key inflation data

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