Category: Market News
GlaxoSmithKline PLC GSK, -0.53% announced Thursday an agreement to supply the Government of Canada with 20,000 doses of Sotrovimab, the COVID-19 monoclonal antibody therapy the company developed with Vir Biotechnology Inc. VIR, . The agreement follows Canada’s initial order of 10,000 doses of Sotrovimab announced in October, which included options for additional purchases. Sotrovimab was […]
Stocks closed lower Thursday, putting the technology-heavy Nasdaq Composite Index on pace for a 3.6% weekly decline, as Treasury yields climbed and expectations for a more aggressive pace of normalization of monetary policy from the Federal Reserve weighed on Wall Street. The Dow Jones Industrial Average DJIA, -0.47% ended lower for a second straight day, […]
Sonos Inc. SONO, -0.10% shares rallied in the extended session Thursday after the International Trade Commission ruled that certain audio players, controllers, and components that Alphabet Inc.’s GOOG, -0.07% GOOGL, -0.02% Google sold in the U.S. violated as many as five of its patents. Sonos shares surged 6% after hours, following a 0.1% decline to […]
T-Mobile Inc. TMUS, +0.18% shares slipped in the extended session Thursday after the telecom company reported it posted record-high customer results for the quarter. T-Mobile shares declined 1.4% after hours, following a 0.2% rise to close at $115.57. The company said it added 844,000 net postpaid phone customers in the fourth quarter, compared with 824,000 […]
CannTrust Holdings Inc. said Thursday it’s developing an “orderly wind-down plan” to maximize the value of its assets, because the company does not have sufficient liquidity to operate beyond the near term. The wind-down plan would be used if a financing or strategic transaction option cannot be finalized by the Canadian cannabis producer. The company […]
Shares of Humana Inc. HUM, -20.15% tumbled 13.0% toward a three-month low in afternoon trading Thursday, to pace the S&P 500’s SPX, +0.14% decliners, after the health insurance services company slashed its full-year membership estimate for its Medicare Advantage products. Humana’s stock was headed for the biggest one-day selloff since it slid 13.9% on March […]
Lamb Weston Holdings Inc. LW, +9.55% stock soared 11.8% in Thursday trading after the potato and vegetable company reported fiscal second-quarter earnings and sales that beat expectations. Net income totaled $32.5 million, or 22 cents per share, down from $96.9 million, or 66 cents per share, last year. Adjusted EPS of 50 cents beat the […]
New York State Governor Kathy Hochul said she plans to create a $200 million public-private fund to support social equity applicants in the state’s legal cannabis industry, which is estimated to tip the scales at $4.2 billion. With New York preparing to issue licenses for stores to sell cannabis to adults 21 and over, the […]
Conagra Brands Inc. CAG, -0.15% shares slipped 1.4% in Thursday premarket trading after the food company reported fiscal second-quarter earnings below Street expectations. Net income totaled $275.5 million, or 57 cents per share, down from $378.9 million, or 77 cents per share, last year. Adjusted EPS of 64 cents missed the FactSet consensus of 68 […]
Kirkland’s Inc. KIRK, -5.77% announced a new $30 million share repurchase program on Thursday. The announcement comes after a holiday period in which the home retailer says a comparable sales decline of 6.4% was in line with expectations. Comparable sales fell 9.5% in November 2021 and were down 3.3% in December 2021. The company still […]
