Md Saiful Islam Khan/iStock via Getty Images Annexon (NASDAQ:ANNX) shares traded higher on Wednesday after the company released additional data from its completed pivotal Phase 3 trial for its lead asset, ANX005, against the neurological disorder Guillain-Barré syndrome (GBS). Early this month, citing topline results from the study, the Brisbane,Continue Reading
Scott Olson/Getty Images News Whirlpool (NYSE:WHR) shares jumped over 11% in early trading on Wednesday after a report that German engineering group Robert Bosch was weighing a bid for the U.S. appliances manufacturer. Citing three people familiar with the matter, Reuters reported that Bosch has been in discussions with potentialContinue Reading
OneO2 Stock futures held steady on Wednesday amid a pause in the global chip sell-off and significant rebounds in Nvidia and other tech stocks. Market participants look ahead to PCE price data, the Fed’s preferred inflation measure, and the 2024 first presidential debate. Here are some of Wednesday’s biggest stockContinue Reading
Grandbrothers/iStock Editorial via Getty Images Ionis Pharmaceuticals (NASDAQ:IONS) traded higher Tuesday after the U.S. FDA accepted to review a marketing application for its anti-lipid therapy olezarsen, targeted at a rare genetic condition known as familial chylomicronemia syndrome (FCA). Granting priority review for Ionis’ (IONS) New Drug Application (NDA) for olezarsen,Continue Reading
vzphotos/iStock Editorial via Getty Images Cerevel Therapeutics (NASDAQ:CERE) fell 5.5% as investors wait to hear if the Federal Trade Commission will approve its planned $8.7 billion sale to AbbVie (NYSE:ABBV). The deal spread is the widest since the transaction was announced in early December. While there was no specific reasonContinue Reading
Sundry Photography/iStock Editorial via Getty Images Johnson & Johnson (NYSE:JNJ) has discontinued a Phase 2 trial for its blockbuster arthritis therapy Tremfya in patients with an autoimmune disorder called giant cell arteritis after the study failed to meet the primary goal, according to updated data from a federal register ofContinue Reading
DesignRage/iStock via Getty Images The Federal Reserve will release the results of its annual stress test after the close on Wednesday, which will determine the amount of capital that large banks will be required to set aside to help them weather a financial shock. The tests will calculate each bank’sContinue Reading
Michael M. Santiago/Getty Images News Chipotle Mexican Grill (NYSE:CMG) edged higher on Tuesday, just ahead of the restaurant company’s 50-for-1 stock split that becomes effective after the closing bell. The stock split will be one of the biggest stock splits in New York Stock Exchange history. “We believe the stockContinue Reading
Anne Czichos Shares of Merck KGaA (OTCPK:MKGAF) (OTCPK:MKKGY) fell in European trading on Tuesday after the German drugmaker said it would discontinue a late-stage trial for its head and neck cancer therapy xevinapant as its early results indicated a potential failure. The decision comes after the study’s data monitoring committeeContinue Reading
Spencer Platt/Getty Images News U.S. stocks on Tuesday were mixed, with losses in major retailers countering a rebound in Nvidia (NVDA). The chip giant’s pullback from correction territory helped the benchmark S&P 500 (SP500) and the tech-heavy Nasdaq Composite (COMP:IND) halt a three-day slide each. The Nasdaq (COMP:IND) advanced 1.10%Continue Reading
