Category: Market News
Shares of Athira Pharma Inc. ATHA, -1.74% tumbled 68.0% in premarket trading on Wednesday after the company said an exploratory Phase 2 study assessing its experimental treatment for patients with mild-to-moderate Alzheimer’s disease did not meet the primary endpoint. “We are in the fortuitous situation that we have a much larger trial ongoing with more […]
COVID cases are surging again in Europe and experts are warning that with nearly all restrictions lifted but booster take-up low, the continent could see a steep summer increase, the Guardian reported. The BA.4 and BA.5 subvariants of omicron are believed to be partly to blame as they appear 10% to 15% more infectious than […]
Read Next Kellogg announces plan to split into three separate businesses Kellogg Co. undefined shares jumped 8.1% in Tuesday premarket trading after the food company announced a plan to split into three businesses: “Global Snacking Co.,” which will represent about $11.4 billion in sales and include international cereal and noodles, North American frozen breakfast, as […]
The U.S. Department of Justice announced Tuesday that it has obtained a settlement agreement with Meta Platforms Inc. META, -4.09%, formerly known as Facebook Inc., to resolve allegations of discriminatory advertising in violation of the Fair Housing Act (FHA). Shares of Meta reversed an earlier gain of as much as 2.5% to trade down 3.6% […]
The U.S. stock market closed sharply higher Tuesday, with the S&P 500 bouncing from its worst week since March 2020 as investors bought the dip amid concerns of an economic slowdown. The Dow Jones Industrial Average DJIA, +2.15% jumped around 643 points to close more than 2% higher, while the S&P 500 SPX, +2.45% and […]
Published: June 21, 2022 at 4:13 p.m. ET President Joe Biden on Tuesday offered signs that he could support suspending the federal gasoline tax, as he responded to a reporter’s question on how a gas tax holiday would make it difficult to pay for major infrastructure projects. “We have plenty of capacity to do that,” […]
La-Z-Boy Inc. LZB, -1.98% shares rallied more than 11% in the extended session Tuesday after the furniture maker reported fiscal fourth-quarter earnings above Wall Street expectations and said it is focusing on its backlog and long lead times. La-Z-Boy said it earned $57.5 million, or $1.33 a share, compared with $37.5 million, or 81 cents […]
President Joe Biden on Tuesday said Chevron CVX, +4.19% CEO Michael Wirth seemed thin-skinned about criticism from the White House. Asked to comment on a letter in which the oil executive said the Biden administration has at times vilified the oil industry and called for the White House to change its approach, Biden replied: “He’s […]
Department stores, like Nordstrom Inc. JWN, -0.65%, Macy’s Inc. M, +0.86%, Kohl’s Corp. KSS, +5.32% and Dillard’s Inc. DDS, +1.91% are at risk from what analysts call an “unprecedented” amount of merchandise. “First, retailers significantly overestimated consumer demand when it made inventory decisions for 2022,” UBS analysts led by Jay Sole said. “Second, consumer tastes […]
General Electric Co. GE, +0.36% said Tuesday that it has opened the claims process for the GE Fair Fund, which was established to compensate investors “harmed” by GE’s failure to disclose “material” information related to the power and insurance businesses. The industrial conglomerate said the Fund was established by the Securities and Exchange Commission to […]