Tag: Marketwatch

U.S. stocks rallied into the close on Friday with all three benchmarks finishing near their highs of the session as falling commodity prices and intensifying recession fears caused inflation expectations to moderate, helping stocks to post their first weekly gain in three. The S&P 500 SPX, +3.06% gained 116.42 points, or 3%, to 3912.15. The […]

Gold futures edged up on Friday, but posted a loss of 0.6% for the week, as copper prices suffered their largest weekly drop since June of last year. “Gold remains trapped in a range as traders await to see if the latest inflation reports will force the [Federal Reserve] into committing to more massive rate […]

Shares of Evofem Biosciences Inc. EVFM, +31.89% soared 30.6% in trading on Friday, hours after the Supreme Court decision striking down Roe v. Wade was announced. Experts have speculated that the court’s decision could lead to restrictions on birth control in the future although that was not included in Friday’s decision. Evofem makes a non-hormonal […]

The U.S. Supreme Court has overturned Roe v. Wade, its landmark 1973 decision that established a constitutional right to an abortion. The high court had been expected to overturn the precedent after a May 2 report by Politico citing a leaked draft majority opinion of the pending ruling. Source: Marketwatch

Aurora Cannabis ACB, +10.08% ACB, +8.82% rallied 6% in premarket trades on Friday after Cantor Fitzgerald analyst Pablo Zuanic upgraded the Canadian cannabis company to overweight from neutral and raised his 12-month price target on the stock to C$4.05 ($3.12) from C$3.90. Zuanic said Aurora Cannabis could benefit from growth in the legal cannabis market […]

Emergent BioSolutions Inc. EBS, +7.19% 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 […]

The U.S. has delivered more than 4 million doses of the COVID-19 vaccines for young children to approximately 13,000 sites across the country, according to remarks made Thursday by White House COVID-19 Response Coordinator Ashish Jha. The Food and Drug Administration last week authorized the BioNTech SE BNTX, +6.98% /Pfizer Inc. pfe and Moderna Inc.’s […]

A national data-privacy bill for consumers gained approval from a House subcommittee on Thursday. The bipartisan American Data Privacy and Protection Act next heads to the full Energy and Commerce Committee for a vote, though the legislation is likely to face a tough time there and in the Senate, privacy advocates warn. Rep. Frank Pallone, […]

Shares of Novavax Inc. NVAX, +13.92% shot up 9.8% in afternoon trading Thursday, after the biotechnology company said its COVID-19 vaccine Nuvaxovid has been recommended by the Committee for Medicinal Products for Human Use (CHMP) for expanded conditional marketing authorization (CMA) in the European Union for people aged 12 through 17. “This recommendation brings us […]

All three major U.S. stock benchmarks closed higher Thursday, with the technology-heavy Nasdaq Composite leading the way up amid economic data showing signs of slowing growth. The Dow Jones Industrial Average DJIA, +0.64% rose almost 200 points to close around 0.6% higher, while the S&P 500 SPX, +0.95% climbed about 1% and the Nasdaq COMP, […]