Category: Stock Market
Beyond Meat Inc. BYND, -0.48% shares rose 1.7% in premarket trades Monday after the company said it’s launching a new plant-based meat line called Beyond Steak. The plant-based seared steak tips will be sold at Kroger Co. KR, +0.50% and Walmart Inc. WMT, +1.00% stores nationwide, as well as some Albertsons Cos. Inc. ACI, +0.47% […]
Shares of Vista Outdoor Inc. VSTO, -0.62% fell 1.8% in premarket trading Monday, after the shooting sports and outdoor products company provided a downbeat profit outlook and said Chief Financial Sudhanshu Priyadarshi is leaving the company after 2 1/2-year in the role, offsetting an upbeat sales view. Separately, beverage company Keurig Dr Pepper Inc. KDP, […]
Shares of Myovant Sciences Ltd. MYOV, +8.31% were up 8.2% in premarket trading on Monday, the day after the company said it will be acquired by Sumitomo Pharma Co. Ltd. 4506, +0.20% for $2.9 billion for the remaining shares of Myovant. Sumitomo, which already owns 52% of the company, said it will pay $27.00 per […]
Flora Growth Corp. FLGC, +3.88% said Monday it would issue up between 36.62 million and 43.53 million common shares to acquire Franchise Global Health Inc. FGH, +12.50% a multi-national medical cannabis and pharmaceutical operator with principal operations in Germany. Based on Flora Growth’s share price of 53 cents on Friday, the deal is currently valued […]
Medtronic Plc MDT, +0.98% said Monday it’s planning to separate its patient monitoring and respiratory interventions businesses in a move aimed at better positioning both the NewCo and Medtronic for long-term success. The Dublin-based medical device company said the business had about $2.2 billion in revenue in fiscal 2022. It expects the separation to be […]
Schlumberger Ltd. SLB, +10.33% said Monday it has changed its name to SLB to underscore its shift from an oil services company to a business focused on decarbonized energy. The new name affirms SLB’s change “from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced […]
President Joe Biden will receive his updated COVID booster shot Tuesday, and will encourage more Americans to get theirs, too. NBC News first reported the booster news, which was confirmed by a tweet from White House assistant press secretary Kevin Munoz and in an emailed statement, in which the White House said “The President will […]
President Joe Biden on Friday celebrated the prior day’s court rulings that favored his plan to forgive a big tranche of student loans, along with the number of people who have applied for relief. “They’ve been fighting us in the courts, but just yesterday, a state court and the Supreme Court said, ‘No, we’re on […]
U.S. stocks finished sharply higher on Friday, with the Dow Jones Industrial Average rising nearly 750 points as the major indexes capped off their biggest weekly advance since June, according to Dow Jones Market Data. The S&P 500 SPX, +2.37% finished 86.97 points, or 2.4%, higher at 3,752.75, logging a weekly gain of 4.8%. The […]
The two new COVID variants dubbed BQ.1 and BQ.1.1 continued to gain traction in the U.S. in the latest week, accounting for 16.6% of all cases, up from 11.4% a week ago, data from the Centers for Disease Control and Prevention showed Friday. The two variants are lineages of BA.5, the omicron subvariant that remains […]