fredrocko/iStock Unreleased via Getty Images Barron’s issued a positive commentary on Ford Motor (NYSE:F) in its latest edition, noting that despite a sharp underperformance this year, the Dearborn, Michigan-based automaker is ready to close the gap with its Detroit rival General Motors (NYSE:GM). Ford (F) has gained only ~7% YTD,Continue Reading
libre de droit/iStock via Getty Images Inventiva (NASDAQ:IVA) stock rose 10% in after-hours trading Friday after the French biotech company said it was working towards securing a royalty-based financing deal that would extend its cash runway through the summer. The company said in a statement that it had cash andContinue Reading
Maksim Labkouski/iStock via Getty Images R1 RCM (NASDAQ:RCM) jumped 10% in after hours trading as TCP-ASC said it’s in the process of finalizing a proposal to purchase the outstanding shares of the company not owned by the holder. The proposal is for a higher price than the $13.25 described inContinue Reading
Fortress Biotech (NASDAQ:FBIO) on Friday said that it had paused the payment of dividends on its 9.375% series A cumulative redeemable perpetual preferred stock. The company added that dividends on the preferred stock will continue to accrue and cumulate until such dividends are authorized or declared. FBIO said that itContinue Reading
Billionaire investor Mario Gabelli may not sell his stock in Paramount (NASDAQ:PARA) even if it merges with popular Hollywood movie studio Skydance, the New York Post reported in an interview with him on Friday. “I may not sell stock if there is a deal with Skydance. I need to seeContinue Reading
Christopher Furlong/Getty Images News British home building stocks climbed Friday following the Labour Party’s landslide win in the U.K. general election, and that stock sector is among four others likely to benefit from the center-left party’s victory, Interactive Investor said. The Labour Party on Thursday picked up 211 seats, leavingContinue Reading
spawns Hutchmed (NASDAQ:HCM) ADRs traded higher on Friday after regulators in China agreed to review the company’s lymphoma therapy tazemetostat, developed and sold in partnership with Ipsen (OTCPK:IPSEY). China’s National Medical Products Administration (NMPA) granted priority review for the new drug application (NDA) targeting adults with relapsed or refractory (“R/R”)Continue Reading
Wall Street on Friday notched a new intraday all-time high, while U.S. Treasurys rallied, as traders returned from a mid-week holiday to receive a nonfarm payrolls report that further supported the case for Federal Reserve interest rate cuts. Markets were shut on Thursday due to Independence Day. The benchmark S&PContinue Reading
Ole Schwander Castle Biosciences (NASDAQ:CSTL) traded lower on Friday after a local Medicare Administrative Contractor (MAC) updated its coverage policy, finalizing a proposal not to reimburse the company’s DecisionDx-SCC cancer test. On Thursday, Palmetto GBA, a MAC for Medicare’s Molecular Diagnostics Services program (MolDX), finalized and maintained a non-coverage decisionContinue Reading
Hirurg/iStock via Getty Images Penn Entertainment (NASDAQ:PENN) rose 3.4% amid a report that Flutter (FLUT) is interested in the interactive assets of Penn. Flutter pared some of an earlier gain amid the news. Flutter (FLUT) may want to partner with Boyd Gaming (BYD) as the owner of FanDuel is interestedContinue Reading
