Category: Market News

Biogen Inc. BIIB, +0.26% said in a statement that it stopped a post-marketing clinical trial testing its Alzheimer’s disease therapy Aduhelm, citing a Medicare policy that will limit usage of the drug. The company updated the study’s ClinicalTrials.gov listing with this information on Tuesday. The prospective, multi-center study planned to track patients taking Aduhelm for […]

Sanofi SNY, +5.95% SAN, +5.02% and GlaxoSmithKline GSK, +2.20% said Friday that their experimental bivalent COVID-19 booster had a 72% efficacy rate against omicron, and they now plan to submit the data to regulators. The recombinant protein booster protects against the original strain of the virus as well as the beta variant, a strain of […]

Shares of Zendesk Inc. ZEN, +27.99% soared 29.5% in premarket trading Friday, after the customer experience platform company confirmed a deal to be acquired by an investor group that includes Permira and Hellman & Friedman in an all-cash deal valued at about $10.2 billion. Under terms of the deal, the Permira and H&F will pay […]

Shares of Carnival Corp. CCL, +12.44% rallied 3.5% in morning trading Friday, after the cruise operator provided business update for the second quarter, in which cash from operations turned positive but revenue came up short of expectations. The company said second-quarter revenue increased by “nearly 50%” from the sequential first quarter, while the current FactSet […]

Juul Labs Inc. asked Friday that a federal appeals court temporarily block the the U.S. Food and Drug Administration’s ban on its e-cigarettes, according to a report in The Wall Street Journal. The FDA on Thursday had banned Juul from marketing its vape products in the U.S., as part of its commitment to ensure all […]

Shares of housing market companies enjoyed a broad rally Friday, after data showing that new home sales surprisingly rose, and sharply, in the face of other signs showing a slowdown in the housing sector. The SPDR S&P Homebuilders ETF XHB, +2.80% rallied 2.9% in morning trading, with all 35 components trading higher. Among the more […]

House Speaker Nancy Pelosi, a California Democrat, blasted the Supreme Court’s ruling on Friday that overturns Roe v. Wade, the landmark 1973 decision that established a constitutional right to an abortion. “There’s no point in saying ‘good morning,’ because it certainly is not one. This morning, the radical Supreme Court is eviscerating Americans’ rights and […]

Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch

JPMorgan Chase & Co. JPM, +2.98% on Friday reiterated plans to expand its employee benefits to include coverage of travel expenses for abortions in other states, in the wake of the U.S. Supreme Court’s decision to overturn Roe v. Wade. The bank said the coverage is part of additional benefits taking effect in July. “We […]

Shares of Dick’s Sporting Goods Inc. DKS, +8.40% shot up 9.6% in midday trading Friday, to pace all the SPDR S&P Retail ETF’s XRT, +3.71% gainers, after Chief Executive Lauren Hobart said the sporting goods retailer will help pay travel expenses if employees need to obtain a legal abortion. Earlier Friday, the U.S. Supreme Court […]