Tag: Marketwatch

Shares of Biogen Inc. BIIB, +0.92% fell 0.3% in the extended session Thursday after the Centers for Medicare and Medicaid Services, which oversees the Medicare program, said they had finalized their policies about covering the biotech’s controversial Alzheimer’s drug Aduhelm and future others. As it signaled in January, CMS said that Food and Drug Administration-approved […]

Faraday Future Intelligent Electric Inc. FFIE, -1.18% said late Thursday it has received a notice of noncompliance from the Nasdaq stock exchange due to its delay in filing its 10-K. The notice was expected and the company said it hopes to regain compliance by April 19. Faraday Future notified the exchange in March it was […]

Stocks ended with small gains Thursday, bouncing modestly after back-to-back declines tied to worries about the Federal Reserve’s plans to continue tightening monetary policy. The Dow Jones Industrial Average DJIA, +0.25% closed around 87 points higher, up 0.3%, near 34,584, according to preliminary figures, while the S&P 500 SPX, +0.43% rose around 19 points, or […]

Natural-gas prices climbed by more than 5% on Thursday to settle at their highest since December 2008, buoyed by tight supplies, while oil prices edged down to finish with a modest loss. The Energy Information Administration reported Thursday that U.S. natural-gas supplies fell 33 billion cubic feet for the week ended April 1. That compares […]

President Joe Biden tested negative for COVID-19 on Wednesday night, the White House said Thursday. The White House press office also said that although Biden interacted briefly with House Speaker Nancy Pelosi over the course of the last two days, he isn’t considered a close contact of the California Democrat, whose office on Thursday announced […]

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 33 billion cubic feet for the week ended April 1. That compared with an average weekly decline of 27 billion forecast by analysts surveyed by S&P Global Commodity Insights. Total supplies in storage stand at 1.382 trillion cubic feet, down 399 […]

Constellation Brands Inc. STZ, +0.64% said Thursday it has entered an accelerated share repurchase program with Bank of America to repurchase $500 million of its Class A common stock. The alcohol company, which reported fourth-quarter earnings earlier Thursday, said it will receive about 1.7 million shares on April 8. equal to 80% of the repurchases […]

Pfizer Inc. said Thursday it has agreed to acquire ReViral Ltd., a privately held clinical-stage biotech focused on developing antiviral therapeutics that target respiratory synctial virus, or RSV. “RSV is a respiratory pathogen, which can lead to severe and life-threatening lower respiratory tract infections (LRTIs) in high-risk populations, including young infants, immunocompromised individuals, and older […]

Meta Platforms’ financial arm, Meta Financial Technologies, has been exploring the creation of a virtual currency for the metaverse, the Financial Times reported, citing people familiar with the matter. So-called “Zuck Bucks” would be in-app tokens controlled by the company, rather than a cryptocurrency on the blockchain, the report said, which is similar to the […]

The Federal Reserve eventually could resort to selling off mortgage-backed securities on its balance sheet, according to the minutes of the central bank’s last strategy session in March. During the March meeting, Fed officials reviewed the results of the central bank’s previous efforts at shrinking its balance sheet between 2017 and 2019. Amid the COVID-19 […]