Category: Stock Market
Minerva Neurosciences Inc. NERV, -65.90% said Monday that it received a refusal to file letter from the Food and Drug Administration for its application for roluperidone as a treatment for patients with schizophrenia. “The company intends to request a Type A meeting and looks forward to continued discussions with the FDA,” Minerva CEO said in […]
Shares of NGM Biopharmaceuticals Inc. NGM, -72.21% tumbled 67.4% in premarket trading on Monday after the company said its experimental treatment for an advanced form of macular degeneration did not meet the primary endpoint in a Phase 2 clinical trial. NGM said it plans to share additional information from the study at the Retina Society’s […]
Bank of New York Mellon Corp. BK, +4.79% shares rose 3.4% in premarket trades Monday after the financial firm topped third-quarter analyst estimates for revenue and adjusted profit. Bank of New York Mellon said its third-quarter net income fell 62% to $319 million, or 39 cents a share, from $881 million, or $1.09 a share, […]
Bank of America Corp. BAC, +5.41% shares rose 2.4% in premarket trades Monday after the megabank topped earnings and revenue estimates. The bank said its third-quarter net income fell to $6.58 billion, or 81 cents a share, from $7.26 billion, or 85 cents a share, in the year-ago quarter. Revenue increased 8% to $24.5 billion. […]
Kanye West has agreed to acquire the right-wing social-media platform Parler, according to a statement by parent company Parlement Technologies on Monday. “In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves,” West, who now goes by the name Ye, said […]
U.S. stocks opened sharply higher on Monday, with the Dow Jones Industrial Average advancing nearly 600 points, as stocks rebounded following Friday’s punishing selloff. The S&P 500 SPX, +2.68% climbed 80 points, or 2.3%, to 3,663. The Dow DJIA, +1.84% gained 568 points, or 1.9%, to 30,203. The Nasdaq Composite COMP, +3.31% advanced 276 points, […]
Shares of Milestone Pharmaceuticals Inc. MIST, -2.89% gained 25.4% in premarket trading on Monday after the company said its experimental treatment for paroxysmal supraventricular tachycardia met the primary endpoint in a Phase 3 study. Paroxysmal supraventricular tachycardia is a type of arrhythmia. The treatment, etripamil, is a nasal spray. Milestone said it plans to submit […]
Charles Schwab Corp. SCHW, -1.14% stock advanced by 3.3% in premarket trading Monday after the broker said it posted its “strongest quarterly performance in company history” as it topped Wall Street expectations for profit and revenue. The brokerage firm said its third-quarter net income jumped 32% to $2.02 billion, to a record of 99 cents […]
Roblox Corp. RBLX, +19.42% reported September metrics Monday that showed average daily active users (DAUs) rose 23% from a year ago to 57.8 million, which was down from 59.9 million in August but up from 52.2 million in July. Hours engaged for the month were up 16% to 4.0 billion, while estimated bookings increased 11% […]
Mastercard Inc. MA, +2.67% shares rose 3.9% on Monday after it said it’s launching Crypto Source, a program to help financial institutions offer secure crypto trading capabilities and services to their customers. Mastercard’s financial institution partners will be able to engage in buy, hold and sell services for select crypto assets. Mastercard is weaving the […]