Day: October 12, 2022
Gold futures settled with a loss on Wednesday, as a rise in U.S. Treasury yields and strength in the dollar prompted prices to give back most of their gain from a day earlier. The precious metal is influenced by bond yields, and any messaging on interest rates and the “attempt to rein in inflation” from […]
Odeon Finco Plc, a unit of AMC Entertainment Holdings Inc. AMC, -3.35%, said Wednesday it is issuing $400 million of senior secured five-year bonds in a private offering. Proceeds of the deal will be used with cash in hand to repay term loans. The bonds are backed by AMC. Odeon Finco is fully owned by […]
GreenLight Biosciences Holdings GRNA, -2.68% said Wednesday that it was laying off 25% of its workforce as part of a “realignment” aimed at saving cash as it shifts its focus to near-term value drivers. The biotechnology company had 312 full-time employees as of March 31. As a result of the realignment, the company said it […]
A suite of Microsoft products will feature in Meta’s new Virtual Reality headset, with Meta CEO Mark Zuckerberg calling it the “virtual office of the future.” Source: Cointelegraph
Shares of cruise operators were the top-3 gainers in the S&P 500 SPX, +0.03% in afternoon trading Wednesday, with Norwegian Cruise Line Holdings Ltd. NCLH, +12.13% getting bullish backing from UBS on the back of upbeat bookings data. Norwegian’s stock shot up 11.0%, Royal Caribbean Group shares RCL, +11.78% leapt 10.8% and Carnival Corp.’s stock […]
The Energy Information Administration on Wednesday forecast that U.S. households that primarily use natural gas to heat their homes will likely spend an average of $931 this winter, which runs from October to March, up 28% from the amount they spent last winter. Natural-gas futures trade around 76% higher year to date, FactSet data show. […]
Charlotte’s Web Holdings Inc. CWBHF, +29.12% CWEB, +26.09% shares are rallying by nearly 23% after the company said it inked an exclusive, multi-year partnership with Major League Baseball to become the first official CBD in the sport. The deal “opens increased CBD visibility to their professional athletes, millions of fans and communities,” after a “rigorous […]
Veritas Capital said Wednesday it drew in $10.65 billion in commitments for Veritas Capital Fund VIII, its latest flagship fund. The pool was “significantly oversubscribed” with demand exceeding its hard cap and initial target of $8.5 billion, the firm said. The flagship fund comes three years after Veritas Capital Fund VII closed with $6.5 billion […]
Merck & Co. Inc. MRK, -0.42% and Moderna Inc. MRNA, +8.76% said Wednesday that they plan to jointly develop and commercialize a personalized cancer vaccine. The investigational vaccine is currently being tested in a Phase 2 clinical trial as a treatment for patients with high-risk melanoma in combination with Merck’s Keytrduda, an anti-PD-1 therapy that […]
Shares of KnowBe4 Inc. KNBE, +12.76% jumped 11% in premarket trades Wednesday after The Wall Street Journal reported that Vista Equity Partners plans to take the cyber security company private for about $4.5 billion. The offer price is nearly $25 a share, a premium over the stock’s close of $21.59 on Tuesday. Citing people familiar […]
