Day: October 5, 2022
Shares of Eiger BioPharmaceuticals Inc. EIGR, -7.37% tumbled 20.4% in premarket trading on Wednesday after the company said it will not pursue emergency authorization of its experimental treatment for mild and moderate COVID-19 infections. It had asked the Food and Drug Administration to consider an EUA application based on data from the Together trial, a […]
Verizon Communications Inc. VZ, -1.38% said Wednesday it has won a contract worth up to $1.58 billion from the Department of State to modernize U.S. embassies. The 10-year contract includes implementing and managing the network for the department’s non-domestic footprint and includes embassies in Asia, Africa, the Middle East and South America. Verizon shares were […]
Shares of Helen of Troy Ltd. HELE, -10.53% tumbled 14.9% in premarket trading Wednesday toward a 4 1/2-year low, after the consumer products company, with brands including OXO, Hydro Flask and Braun, reported fiscal second-quarter earnings that beat expectations but cut its full-year outlook, as rising inflation has prompted consumers to change their spending patterns. […]
Bitcoin (BTC) holding $19,000 could be more important than traders realize, new data reveals. In the latest edition of its monthly report series, “The Bitcoin Monthly,” investment management firm ARK Invest flagged an ongoing battle for the defense of Bitcoin’s investor cost basis. Bitcoin investor cost basis buoys market Bitcoin price action is currently characterized […]
Shares of Monopar Therapeutics Inc. MNPR, +12.35% gained 13.5% in premarket trading on Wednesday after the company said it completed enrollment in a Phase 2b clinical trial evaluating its experimental therapy aimed at preventing severe oral mucositis in patients undergoing chemoradiotherapy for oropharyngeal cancer. Monopar expects to have interim data from this study in the […]
Shares of Amazon.com Inc. AMZN, +4.50% fell 0.9% in premarket trading Wednesday, to pull back following a two-day rally of 7.2%, after a report that the ecommerce and cloud giant will hold off on some hiring. The stock’s rally had come after it closed at a 2 1/2-month low on Friday. The New York Times […]
U.S. known cases of COVID are continuing to ease and now stand at their lowest level since late April, although the true tally is likely higher given how many people are testing at home, where the data are not being collected. The daily average for new cases stood at 44,484 on Tuesday, according to a […]
Bankruptcy or insolvency is not in “Nexo’s reality,” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev. In an Ask Me Anything (AMA) video posted on YouTube on Oct. 4, founders and managing partners Metodiev and Antoni Trenchev addressed community questions and recent FUD-related rumors that Nexo could soon face insolvency issues. Responding […]
Elon Musk would lose about 13.5 million Twitter TWTR, +22.24% followers, if he pushes through his plan to get rid of most spam accounts, according to data crunched by CodeClan, a Scottish digital skills academy. The Tesla Inc. TSLA, +2.90% CEO on Tuesday gave up a legal battle and agreed to pay $44 billion to […]
The Australian Dollar is still rather weak against the USD. The current quote for the instrument is 0.6496. Yesterday, the Reserve bank of Australia announced a 25-point rate hike, up to 2.60%, which was a bit different from what market players expected. They believed the RBA would continue its “hawkish” policy and raise the rate […]
