Category: Market News
Shares of Carnival Corp. CCL, +12.44% CCL, +3.44% fell 0.7% in premarket trading Monday, after Stifel Nicolaus analyst Steven Wieczynski “drastically” lowered his estimates to take account for the negative effects of a potential recession on the cruise operator. The stock pulled back after soaring 12.4% on Friday on the back of an upbeat business […]
Pfizer Inc. PFE, +2.99% and BioNTech SE BNTX, +1.32% said over the weekend that the change they made to their COVID-19 vaccine that targets the omicron variant is both safe and effective. The announcement comes as the U.S. Food and Drug Administration considers this week if it should order a formula change for vaccines in […]
Bausch Health Companies Inc. BHC, +20.36% disclosed Friday that Joseph Papa has resigned from the board of directors as of June 23. The specialty pharmaceutical company named John Paulson as its chairperson of the board. The company said Papa’s resignation from the board “was not due to any dispute or disagreement” with management or with […]
A panel of advisers to the Centers for Disease Control and Prevention voted unanimously Thursday to recommend Moderna’s MRNA, +0.71% COVID vaccine for children and adolescents aged 6 to 17. The move is expected to lead CDC head Dr. Rochelle Walensky to sign off on the vaccine for that age group, offering a second option […]
Shares of CarMax Inc. KMX, +7.19% rose 1.9% in premarket trading Friday, after the used car retailer reported fiscal first-quarter profit that fell but topped expectations, while sales rose above forecasts, boosted by higher car prices. Net income for the quarter to May 31 dropped to $252.3 million, or $1.56 a share, from $436.8 million, […]
Emergent BioSolutions Inc. EBS, +1.30% said Friday the U.S. Food and Drug Administration has accepted for review its application for approval of its anthrax vaccine. Dubbed AV7909, the vaccine is aimed at people aged 18 through 65 years who have been exposed to anthrax for use along with recommended antibacterial drugs. A decision is expected […]
Jefferies analyst Owen Bennett on Friday launched research coverage of cannabis marketing technology company SpringBig Holdings Inc. SBIG, +3.59% with a buy rating and a price target of $4.50 a share. Bennett said the Boca Raton, Fla.-based company offers “compelling” growth with fiscal 2022-25 sales expected to increase at an annual rate of about 55%, […]
Shares of Bally’s Corp. BALY, +9.22% jumped 7.4% in premarket trading Friday, after the casino and entertainment company said it has launched a tender offer to repurchase it shares at prices between $19.25 and $22.00. The company had determined that the company should launch a tender offer of $190 million, “in light of recent capital […]
General Motors’ Cadillac is planning to price a future electric sedan at about $300,000, the Wall Street Journal reported Friday, citing people familiar with the matter. The car, named the Celestiq, is expected to be revealed this summer in prototype form as Cadillac’s premier offering. The pricing has not yet been disclosed. GM is planning […]
The U.S.-listed shares of Li Auto Inc. LI, +3.95% 2015, +5.90% ran up 4.5% in premarket trading Friday, after the China-based electric vehicle maker said it received more than 30,000 orders for its Li L9 sport-utility vehicle in just 72 hours since reservations became available. The company has taken in more than $22.4 million with […]