Category: Stock Market
Shares of Relmada Therapeutics Inc. RLMD, -78.23% fell 80.0% in premarket trading on Thursday after the biotech said its experimental treatment for major depressive disorder as a monotherapy did not meet the primary endpoint in a Phase 3 clinical trial. The company said it is still enrolling patients in two other late-stage studies assessing the […]
The financial sector reversed course to trade broadly lower Thursday, along with the broader stock market, after data showed that consumer inflation rose more than expected in September. The SPDR Financial Select Sector ETF XLF, -2.06% sank 1.8% in premarket trading, after being up about 1.3% just before the inflation data was released, as futures […]
Shares of Novavax Inc. NVAX, -6.03% were down 3.4% in premarket trading on Thursday after the company said its combination COVID-19 vaccine and flu shot candidate generated an immune response in a Phase 1/2 clinical trial. Novavax also said that the safety and tolerability of the combination vaccine was consistent with getting a standalone COVID-19 […]
U.S. stock futures plunged deep into the red Thursday morning after inflation data for September showed consumer prices advanced by a larger-than-expected margin — dramatically increasing the likelihood that the Federal Reserve will deliver another 75 basis-point interest-rate hike in November, and possibly in December as well. Futures for the S&P 500 ES00, -2.29% were […]
Keurig Dr Pepper Inc. KDP, -1.49% said Thursday it is overhauling its supply chain structure with a view to improving accountability at the business unit level and accelerating productivity across the company. The beverages company said it’s promoted three senior supply chain leaders into new roles. The company named Roger Johnson, who joined it in […]
Real estate services company Redfin Corp. RDFN, -7.35% said Thursday that the median U.S. asking rent rose 8.8% from a year ago to $2,002, but that was the slowest year-over-year (YOY) increase since August 2021. That also marked the fourth straight month that YOY growth decelerated, with rents now growing at half the pace of […]
Shares of Fastenal Co. FAST, -1.53% fell 1.2% in premarket trading Thursday, even after the industrial and construction supplies distributor reported third-quarter profit and sales that rose above expectations. Net income increased to $284.6 million, or 50 cents a share, from $243.5 million, or 42 cents a share, in the year-ago period. The FactSet consensus […]
Pfizer Inc. PFE, +0.26% and German partner BioNTech SE BNTX, +5.53% said Thursday early data from a Phase 2/3 clinical trial of their omicron BA.4/BA.5-adapated bivalent booster showed positive results in treating individuals aged 18 and older. The data collected 7 days after administering a 30-ug booster dose showed a “substantial increase” in neutralizing antibodies. […]
Shares of BlackRock Inc. BLK, -0.01% was little changed in premarket trading Thursday, after the investment management giant reported third-quarter profit and revenue that fell from a year ago but beat expectations, as strong bond inflows continued while equities declined. Net income declined to $1.41 billion, or $9.25 a share, from $1.68 billion, or $10.89 […]
The global tally of COVID cases fell 10% in the week through Oct. 9 from the previous week, the World Health Organization said in its weekly update on the pandemic. The number of fatalities was stable versus the previous week at about 9,000. Omicron remained the dominant variant, accounting for 99.9% of cases sequenced in […]