Category: Market News
A national data-privacy bill for consumers gained approval from a House subcommittee on Thursday. The bipartisan American Data Privacy and Protection Act next heads to the full Energy and Commerce Committee for a vote, though the legislation is likely to face a tough time there and in the Senate, privacy advocates warn. Rep. Frank Pallone, […]
Shares of Novavax Inc. NVAX, +13.92% shot up 9.8% in afternoon trading Thursday, after the biotechnology company said its COVID-19 vaccine Nuvaxovid has been recommended by the Committee for Medicinal Products for Human Use (CHMP) for expanded conditional marketing authorization (CMA) in the European Union for people aged 12 through 17. “This recommendation brings us […]
All three major U.S. stock benchmarks closed higher Thursday, with the technology-heavy Nasdaq Composite leading the way up amid economic data showing signs of slowing growth. The Dow Jones Industrial Average DJIA, +0.64% rose almost 200 points to close around 0.6% higher, while the S&P 500 SPX, +0.95% climbed about 1% and the Nasdaq COMP, […]
Sarepta Therapeutics Inc. SRPT, +5.14% shares plummeted as much as 20% in after-hours trading Thursday, after the company reported that a study had been put on hold by the Food and Drug Administration. Sarepta disclosed that a patient in a study of a proposed drug for Duchenne muscular dystrophy suffered a “serious adverse event of […]
Smith & Wesson Brands Inc. SWBI, +9.62% shares fell 3% in the extended session Thursday following a rally in the regular session and after the gun maker reported quarterly profit and revenue above Wall Street expectations. Smith & Wesson said it earned $36.1 million, or 79 cents a share, in the fiscal fourth quarter, compared […]
LendingTree Inc. TREE, +5.18% shares dove more than 13% in after-hours trading Thursday, after the lender trimmed its guidance for the quarter as a result of lower levels of home-mortgage loans. Executives said they now expect second-quarter revenue of $259 million to $264 million, after previously forecasting $283 million to $293 million, and also reduced […]
Gold futures ended lower on Thursday, with prices for the precious metal down a fourth straight session. Losses for gold are “mainly due to the strength in the dollar, as expectations are that [the Federal Reserve] may adopt even more hawkish monetary policy,” Naeem Aslam, chief market analyst at AvaTrade, told MarketWatch. In testimony before […]
The U.S. Food and Drug Administration said Thursday it has issued marketing denial orders to Juul Labs Inc. for all of its products that are currently marketed in the U.S., and ordered the company to remove all or risk enforcement action. The products in question comprise the Juul device and four types of pods; Virginia […]
Republicans in the North Carolina House of Representatives have decided not to take up a medical cannabis measure that had already been passed by the Senate, according to a report by Axios. The North Carolina Compassionate Care Act was approved by the state Senate in June. The measure would have allowed cannabis to treat cancer, […]
Rite Aid Corp. RAD, +6.17% shares rose 4.8% in Thursday premarket trading after the pharmacy retailer reported first-quarter revenue that beat expectations and raised its full-year guidance. Net loss totaled $110.2 million, or $2.03 per share, after a loss of $13.1 million, or 24 cents per share, last year. Adjusted loss per share of 60 […]