ABBV AbbVie Inc

By Denny Jacob

International stocks trading in New York closed lower on Tuesday.

The S&P/BNY Mellon index of American depositary receipts edged down 0.5% to 133.48. The European index slipped 0.7% to 124.62. The Asian index lost 0.2% to 164.12. The Latin American index shed 1% to 168.22, while the emerging-markets index declined 0.4% to 275.20.

Teva Pharmaceutical Industries Ltd. was among those whose ADRs traded actively.

The medicine producer and developer rose 2% after it and Abbvie Inc.'s Allergan unit reached an agreement with the city and county of San Francisco that settles claims that the companies fueled a surge of opioid-related addiction and overdose in San Francisco.

Banco Santander SA tumbled 5.8%, part of a broader downturn among Spanish banks, after the country's government proposed new taxes on large financial firms as part of an effort to deal with spiraling energy prices.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

July 12, 2022 16:50 ET (20:50 GMT)

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