Text size Photograph by Tomohiro Ohsumi / Bloomberg Shares of Micron Technology rose Monday night, after the memory chip maker reported third-quarter tax earnings and sales that exceeded guidance released by the company just a month ago. Micron shares (ticker: MU) rose 6% in the extended session. Shares closed 1.4% …
Read More »Intercept actions fall on NASH disappointment
Text size Dirk Waem / Getty Images NASH was once the next big thing for big drug companies; a newly defined disorder that requires chronic treatment that affects millions of people in developed countries. Dozens of companies are developing drugs for the disease, which can cause life-threatening conditions like decompensated …
Read More »Gilead’s coronavirus drug will cost $ 2,340, which sounds expensive, but here’s why not
Gilead Sciences Inc.’s COVID-19 drug remdesivir will cost much less than Wall Street analysts had predicted in a move that likely points to a more measured and responsible approach to the price of treatments and vaccines during the pandemic. Gilead GILD Shares, It gained 0.9% in trading on Monday following …
Read More »Wirecard Investors Remain On Roller Coaster As Stocks Rise 150%
Shares in Wirecard AG WDI, + 154.48% More than 150% soared on Monday, with some speculation that French group Worldline may try to buy parts of the German scandal payments company that filed for bankruptcy last week. Others said it was a so-called dead cat bounce: speaking on the market …
Read More »Here’s the impact on revenue Facebook will take when Diageo and Starbucks join the list of companies pulling ads from the platform.
Facebook shares fell in pre-market trading on Monday, after Diageo and Starbucks became the latest companies to stop advertising on social media platforms for ineffective surveillance of hate speech. Shares of the social networking company FB, -2.48%, which operates Instagram and WhatsApp, in addition to its eponymous platform, fell more …
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