Category: Stock Market

Charlotte’s Web Holdings Inc. CWBHF, +29.12% CWEB, +26.09% shares are rallying by nearly 23% after the company said it inked an exclusive, multi-year partnership with Major League Baseball to become the first official CBD in the sport. The deal “opens increased CBD visibility to their professional athletes, millions of fans and communities,” after a “rigorous […]

Veritas Capital said Wednesday it drew in $10.65 billion in commitments for Veritas Capital Fund VIII, its latest flagship fund. The pool was “significantly oversubscribed” with demand exceeding its hard cap and initial target of $8.5 billion, the firm said. The flagship fund comes three years after Veritas Capital Fund VII closed with $6.5 billion […]

Merck & Co. Inc. MRK, -0.42% and Moderna Inc. MRNA, +8.76% said Wednesday that they plan to jointly develop and commercialize a personalized cancer vaccine. The investigational vaccine is currently being tested in a Phase 2 clinical trial as a treatment for patients with high-risk melanoma in combination with Merck’s Keytrduda, an anti-PD-1 therapy that […]

Shares of KnowBe4 Inc. KNBE, +12.76% jumped 11% in premarket trades Wednesday after The Wall Street Journal reported that Vista Equity Partners plans to take the cyber security company private for about $4.5 billion. The offer price is nearly $25 a share, a premium over the stock’s close of $21.59 on Tuesday. Citing people familiar […]

Shares of Moderna Inc. MRNA, +10.92% soared 9.4% in trading on Wednesday after the Food and Drug Administration said children between the ages of 6 and 17 years old can now get the bivalent COVID-19 booster developed by the company. The regulator also said that children between the ages of 5 and 11 years old […]

Shares of Pfizer Inc. PFE, +1.28% climbed 2.2% and BioNTech SE BNTX, +6.83% hiked up 5.5% in morning trading Wednesday, after the companies said the U.S. Food and Drug Administration has granted Emergency Use Authorization (EUA) for its omicron bivalent COVID-19 booster vaccine for children aged 5 through 11. The drug makers said pending recommendation […]

U.S. stocks opened lower on Wednesday after erasing their premarket gains as data showed producer-price inflation accelerated more quickly than expected last month. The S&P 500 SPX, +0.24% fell 10 points, or 0.3%, to 3,579. The Dow Jones Industrial Average DJIA, +0.47% retreated 84 points, or 0.3%, to 29,155. The Nasdaq Composite declined 27 points, […]

Shares of Lucid Group Inc. LCID, +2.29% rallied 2.9% in premarket trading Wednesday, after the electric vehicle maker said it produced 2,282 vehicles during the third quarter, more than triple the number produced in the second quarter. The company said it delivered 1,398 vehicles during the latest quarter. Lucid said its production and delivery performance […]

Shares of Novavax Inc. NVAX, +5.38% jumped 1.7% in premarket trading on Wednesday after the company said its COVID-19 vaccine boosted antibody levels when used as a booster. The data, from a Phase 3 clinical trial, tested a third shot in adults who had been vaccinated with Novavax’s initial series of shots 8 or 11 […]

President Joe Biden told CNN in an interview that aired late Tuesday that he didn’t expect a recession for the U.S. economy, after he was asked if Americans should prepare for one. “I don’t think there will be a recession. If it is, it will be a very slight recession,” Biden said. “Look, it’s possible. […]