Latest Market News
U.S. stocks opened lower after a FedEx profit warning and as investors worry about rising interest rates in the wake of inflation running hotter than expected in August. The Dow Jones Industrial Average DJIA, -0.58% fell 1.1% soon after the opening bell, while the S&P 500 SPX, -0.79% dropped 1% and the Nasdaq Composite COMP, […]
Shares of Intellia Therapeutics Inc. NTLA, -13.41% gained 6.5% in premarket trading on Friday after the company and Regeneron Pharmaceuticals Inc. REGN, +0.78% announced positive data from an ongoing Phase 1 clinical trial evaluating their investigational Crispr therapy as a treatment for transthyretin amyloidosis with cardiomyopathy, which can cause heart failure. The data demonstrated a […]
Pfizer Inc. PFE, +0.45% and BioNTech SE BNTX, -0.58% said Friday that the Committee for Medicinal Products for Human Use (CHMP) for the European Medicines Agency (EMA) has recommended the companies’ COVID-19 vaccine Comirnaty be converted to standard, or “full,” Marketing Authorization (MA) from conditional MA for all indications and formulations. The companies said the […]
Novavax Inc. NVAX, -2.21% said Friday that Israel has granted an import and use permit for the company’s COVID vaccine for use in people aged 12 and older. The vaccine is protein based, using a more traditional technology than the mRNA used in the vaccines developed by Pfizer Inc. PFE, +0.45% and German partner BioNTech […]
Shares of Core & Main Inc. CNM, -7.30% sank 7.3% in premarket trading Friday, after the distributor of water, storm drainage and fire protection products said its upsized stock offering priced at $23.75 a share. The company said selling shareholders sold 11.0 million shares in the offering, up from the late Thursday’s announcement of a […]
Shares of NCR Corp. NCR, -23.94% were tumbling 17% in premarket trading Friday after the company said it plans to split into two publicly traded businesses, with one focusing on digital commerce and the other oriented around ATMs. The late Thursday announcement signaled that management wasn’t able to proceed with a sale of the company. […]