Category: Stock Market
President Joe Biden on Monday will speak about major oil XLE, +0.90% companies’ record-setting profits, “even as they refuse to help lower prices at the pump for the American people,” the White House announced. Biden’s remarks are scheduled for 4: 30 p.m. Eastern in the Roosevelt Room of the White House, and come just over […]
The U.S.-listed shares of Pandora A/S PANDY, -3.68% ds:pndora dropped 2.6% in morning trading Monday, after the Denmark-based jewelry company said its European distribution center in Germany was affected by fire over the weekend. The company said the fire has been extinguished. Pandora said it was assessing any potential impact on revenue from the fire, […]
Shares of Essa Pharma Inc. EPIX, -24.72% fell 28.6% in premarket trading on Monday after the company said Johnson & Johnson JNJ, -0.54% suspended enrollment in a Phase 1 clinical trial for Essa’s experimental prostate cancer therapy, citing patient recruitment challenges. Essa had announced a clinical collaboration with J&J back in 2021. “We are in […]
Shares of Instil Bio Inc. TIL, -29.24% tumbled 35.1% in premarket trading on Monday after the company said it paused enrollment in clinical trials for two experimental cell therapies due to manufacturing issues. Instil said it had notified regulators, and the decision is not the result of a clinical hold. “This pause in enrollment provides […]
Shares of Y-mAbs Therapeutics Inc. YMAB, -51.85% plunged 42.5% in premarket trading on Monday after several banks downgraded the company’s stock and a Food and Drug Administration advisory committee voted against approval of the company’s experimental treatment for neuroblastoma patients. The committee on Friday voted 16-0 that there wasn’t enough evidence to say that omburtamab […]
Shares of Verisk Analytics Inc. VRSK, +2.88% climbed 1.3% in premarket trading Monday, after the provider of analytics for the insurance and energy industries announced an agreement to sell its energy business, Wood Mackenzie, for $3.1 billion in cash at closing to Veritas Capital. Under terms of the deal, which is expected to close in […]
Howmet Aerospace Inc. stock HWM, -3.12% fell 3.5% in premarket trade Monday, after the maker of engine components, fastening systems, engineered structures and forged aluminum wheels third-quarter revenue fell short of estimates and it offered slightly soft guidance. The company, which was spun out of Arconic in 2020, posted net income of $80 million, or […]
Shares of Global Payments Inc. GPN, -5.85% were fell 4.2% in premarket trading Monday, after the payment technology company reported third-quarter revenue that rose above expectations while profit matched, and affirmed its full-year outlook. Net income was $290.5 million, or $1.05 a share, after $296.7 million, or $1.01 a share, in the year-ago period. Net […]
Invisalign maker Align Technology Inc. ALGN, +3.91% announced Monday that it has entered into a $200 million accelerated stock repurchase (ASR) program with Goldman Sachs & Co. LLC. The medical device company’s stock, which fell 1.4% in premarket trading, has plunged 71.3% this year, to make it the S&P 500’s SPX, +2.46% worst year-to-date performer, […]
Workers in a manufacturing facility that assemble Apple Inc.’s AAPL, +7.56% iPhone in the Chinese city of Zhengzhou appear to have left to avoid COVID-19 curbs, with many traveling on foot for days after an unknown number of employees were quarantined in the facility after a virus outbreak, the Associated Press reported. Videos circulating on […]
