Tag: Marketwatch
A panel of advisers to the Centers for Disease Control and Prevention voted unanimously Thursday to recommend Moderna’s MRNA, +0.71% COVID vaccine for children and adolescents aged 6 to 17. The move is expected to lead CDC head Dr. Rochelle Walensky to sign off on the vaccine for that age group, offering a second option […]
Shares of CarMax Inc. KMX, +7.19% rose 1.9% in premarket trading Friday, after the used car retailer reported fiscal first-quarter profit that fell but topped expectations, while sales rose above forecasts, boosted by higher car prices. Net income for the quarter to May 31 dropped to $252.3 million, or $1.56 a share, from $436.8 million, […]
Emergent BioSolutions Inc. EBS, +1.30% said Friday the U.S. Food and Drug Administration has accepted for review its application for approval of its anthrax vaccine. Dubbed AV7909, the vaccine is aimed at people aged 18 through 65 years who have been exposed to anthrax for use along with recommended antibacterial drugs. A decision is expected […]
Jefferies analyst Owen Bennett on Friday launched research coverage of cannabis marketing technology company SpringBig Holdings Inc. SBIG, +3.59% with a buy rating and a price target of $4.50 a share. Bennett said the Boca Raton, Fla.-based company offers “compelling” growth with fiscal 2022-25 sales expected to increase at an annual rate of about 55%, […]
Shares of Bally’s Corp. BALY, +9.22% jumped 7.4% in premarket trading Friday, after the casino and entertainment company said it has launched a tender offer to repurchase it shares at prices between $19.25 and $22.00. The company had determined that the company should launch a tender offer of $190 million, “in light of recent capital […]
General Motors’ Cadillac is planning to price a future electric sedan at about $300,000, the Wall Street Journal reported Friday, citing people familiar with the matter. The car, named the Celestiq, is expected to be revealed this summer in prototype form as Cadillac’s premier offering. The pricing has not yet been disclosed. GM is planning […]
The U.S.-listed shares of Li Auto Inc. LI, +3.95% 2015, +5.90% ran up 4.5% in premarket trading Friday, after the China-based electric vehicle maker said it received more than 30,000 orders for its Li L9 sport-utility vehicle in just 72 hours since reservations became available. The company has taken in more than $22.4 million with […]
Biogen Inc. BIIB, +0.26% said in a statement that it stopped a post-marketing clinical trial testing its Alzheimer’s disease therapy Aduhelm, citing a Medicare policy that will limit usage of the drug. The company updated the study’s ClinicalTrials.gov listing with this information on Tuesday. The prospective, multi-center study planned to track patients taking Aduhelm for […]
Sanofi SNY, +5.95% SAN, +5.02% and GlaxoSmithKline GSK, +2.20% said Friday that their experimental bivalent COVID-19 booster had a 72% efficacy rate against omicron, and they now plan to submit the data to regulators. The recombinant protein booster protects against the original strain of the virus as well as the beta variant, a strain of […]
Shares of Zendesk Inc. ZEN, +27.99% soared 29.5% in premarket trading Friday, after the customer experience platform company confirmed a deal to be acquired by an investor group that includes Permira and Hellman & Friedman in an all-cash deal valued at about $10.2 billion. Under terms of the deal, the Permira and H&F will pay […]