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The streak of gains for daily averages of new COVID-19 cases and hospitalizations continued, and deaths also rose to 2 1/2-month high, leading Moderna Inc. MRNA, -1.02% Chief Executive Stephane Bancel to say fully vaccinated people may need another booster shot later this year. The seven-day average for COVID-19-related hospitalizations have increased every day to […]
Shares of Exscientia EXAI, +10.28% jumped 14.3% in premarket trading on Friday after it announced a deal with Sanofi SNY, +1.19% to develop up to 15 new oncology and immunology drug candidates using Exscientia’s artificial intelligence platform. Sanofi’s stock was up 0.8%. As part of the agreement, Sanofi will pay Exscientia an upfront payment of […]
The numbers: The U.S. created a lackluster 199,000 new jobs in December, signaling that persistent labor shortages and another major coronavirus outbreak are holding back the economy. The increase in employment was well below Wall Street’s expectations. Economists polled by The Wall Street Journal had forecast 422,000 new jobs. The U.S. jobless rate, meanwhile, slipped to […]
Willis Towers Watson WLTW, -1.19% said it will change its Nasdaq stock ticker symbol to “WTW” at the open of market trading on Monday, Jan. 10. No action is required from Willis Towers Watson shareholders, the company said on Friday. Willis Towers Watson CEO Carl Hess said the change, “is just one of the ways […]
Shares of Absci Corp. ABSI, +17.10% skyrocketed 59.1% on heavy volume in premarket trading Friday, after the biotechnology company said it could be eligible to receive up to $610 million in upfront fees and milestone payments from Merck & Co. Inc. MRK, +1.86% as part of a research collaboration agreement. Trading volume ballooned to 9.7 […]
Papa John’s International Inc. PZZA, +1.39% said early Friday that it has signed a franchisee development agreement with Asian private-equity firm Fountainvest Partners to open more than 1,350 locations in South China by 2040. This is the biggest franchisee deal in Papa John’s history. Fountainvest has also purchased a majority stake in another Papa John’s […]