News
Shares of Vir Biotechnology Inc. VIR, +6.86% were up 10.2% in premarket trading on Tuesday after the company said it received a contract from the U.S. government that is worth up $1 billion to develop treatments for the flu and other “infectious disease threats.” As part of the agreement, the Biomedical Advanced Research and Development […]
Odeon Capital Group analyst Richard Bove on Tuesday reiterated a buy rating on Truist Financial Corp. TFC, +1.85% and said the bank’s role as leading lender in Fort Myers, Fla., will position it to play a role in the rebuilding effort for Hurricane Ian. “It is in the right place at the right time to […]
Loop Media Inc. LPTV, +1.81% said Tuesday it has entered a collaboration with TikTok that will bring its content to Loop’s digital out-of-home service on a dedicated channel. The move will allow consumers at more than 12,500 bars, restaurants and retail outlets that have Loop players to enjoy TikTok’s content. “TikTok has become the platform […]
Hycroft Mining Holding Corp. HYMC, +2.87% disclosed Tuesday that it was notified by the Nasdaq exchange that it is in violation of the minimum-bid listing requirement. Under the Nasdaq Listing Rules, a company’s stock is required to maintain a minimum bid of $1.00 per share, based on the closing bid price for the last 30 […]
The comments period has ended for the Basel Committee on Banking Supervision’s (BCBS’s) “Second Consultation on the Prudential Treatment of Cryptoasset Exposures,” a document published in June 2022. International financial associations had a lot to say in response. Several did so at once in a joint 84-page comment letter released on Oct. 4. In addition, […]
U.S. stocks opened higher on Tuesday, adding to their gains from Monday’s session as global bond yields continued to decline and talk of a possible “pivot” from the Federal Reserve intensified after the Reserve Bank of Australia delivered a smaller-than-expected 25 basis-point interest-rate hike. The Dow Jones Industrial Average DJIA, +1.90% rose 475 points, or […]