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Cboe Challenges CFTC Approval of Stock Perpetual Derivatives

Chicago-headquartered Cboe Global Markets joined the Capital Markets Alliance in filing a lawsuit challenging the CFTC’s approval of single-stock perpetual derivatives contracts. A federal judge denied a temporary restraining order but said the challengers are likely to succeed on the merits.

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Sprout Social Posts Q3 Revenue of $125.1 Million

Chicago-based Sprout Social reported third-quarter revenue of $125.1 million, an 8 percent year-over-year increase, and posted a record non-GAAP operating income of $26.3 million. The company also initiated a $50 million stock buyback program and raised its full-year revenue outlook.

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Simmons Dominates in Bears Debut, Chicago Beats Seattle

Newly acquired defensive lineman Jeffery Simmons recorded six tackles, one sack and two tackles for loss in his Chicago Bears debut, helping the team defeat the defending Super Bowl champion Seattle Seahawks 34-17 on Monday night. The win improved Chicago’s record to 6-2.

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Cboe Reports Record October Index Options Volume

Cboe Global Markets reported record monthly average daily volume in its proprietary index options for October, with 6.9 million contracts traded daily. S&P 500 Index options set a monthly average daily volume record of 5.5 million contracts, and the two busiest days in Cboe index options history both occurred during the month.

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Blackhawks Place Byram on IR, Recall Boucher

The Chicago Blackhawks placed defenseman Bowen Byram on injured reserve retroactive to Oct. 15 and recalled forward Dillon Boucher from the Rockford IceHogs ahead of a three-game road trip. The team also lost forward Patrick Kane to an upper-body injury and fell 7-4 to the Florida Panthers on Wednesday.

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Alzheimer’s Association Honors Retiring NIA Director Hodes

The Chicago-based Alzheimer’s Association honored National Institute on Aging Director Richard J. Hodes, who is set to retire Dec. 7 after leading the agency since 1993. Under his tenure, federal dementia research funding grew to more than $3.9 billion annually and the FDA approved the first disease-modifying therapies for Alzheimer’s disease.

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