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Shares of oil and gas companies were taking a broad beating ahead of Friday’s open, as growing concerns of a coming recession has sent crude oil futures CL00, -4.87% sinking toward an eight-month low. The SPDR Energy Select Sector ETF XLE, -5.32% slumped 3.2% in premarket trading, with all 21 components selling off, as crude […]
Novartis AG NOVN, -0.81% on Thursday told investors that the Swiss drug maker plans to adopt a “U.S.-first mindset” in its bid to become a “top-five player” in the U.S. market by 2027. Novartis is one of the world’s largest pharmaceutical companies; however in the U.S., it was the tenth largest by revenue in the […]
NextEra Energy Inc.’s NEE, -1.70% Florida Power & Light unit said it plans to refund about $400 million in federal tax savings to its 5.8 million customers. The savings stem from a federal production tax credit (PTC) for the development of the company’s current stable of 50 operational solar power sites. FPL said it will […]
Shares of Spectrum Pharmaceuticals Inc. SPPI, -26.13% were down 22.0% in premarket trading on Friday, the day after a Food and Drug Administration committee voted 9-4 that the benefits of the company’s experimental lung-cancer drug do not outweigh the risks. The FDA is not required to follow the committee’s advice when deciding when to approve […]
Yeti Holdings Inc. YETI, -6.55% said Friday that Chief Financial Officer Paul Carbone is resigning effective Oct. 28, to pursue a business opportunity that will allow him to be closer to family in Boston. The provider of outdoor products such as coolers and drinkware and backpacks has commenced a search for a replacement. Shares were […]
The environmentally-focused financial product was introduced by a subsidiary of DeFi Technologies. 940 Total views 58 Total shares A subsidiary of DeFi Technologies, Valour, will debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP) on the Frankfurt Stock Exchange. Trading of the ETP begins on Sept. 23. The company positions its ETP as a […]