Alibaba Group Holding Ltd. BABA, + 0.53% top estimates of revenue and earnings Thursday for its fiscal first quarter, and its shares were up 0.5% in prime trading. The company reported net income of RMB47.59 billion ($ 6.74 billion), as RMB17.36 a share, up from RMB21.26 billion, or RMB8.06 a …
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Text size The Food and Drug Administration on Tuesday rejected Gilead Science’s application for a will-be blockbuster arthritis medicine, blind investors. One analyst called the development a ‘near-worst-case scenario’ and a ‘shock’. Dreamstime The Food and Drug Administration’s decision to deny Gilead Science’s application for a wild medicine for blockbuster …
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Shares of Momenta Pharmaceuticals Inc. MNTA, + 69.40% 69% shot to record highs in prime trade Wednesday, after biotechnology company announced agreement with Johnson & Johnson JNJ, + 0.63% in a deal valued at $ 6.5 billion. Under the terms of the deal, J&J will pay $ 52.50 for each …
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Text size People do not spend money on travel, entertainment and dining, and have used that money to make their homes more comfortable. Justin Sullivan / Getty Images Because the pandemic has kept everyone in their homes, many of us have become Tim “The Toolman” Taylor. Home improvement is suddenly …
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Text size The Canoo is aimed at young professionals interested in a subscription model. Courtesy Canoo Yet another company with electric cars is publicly traded through a purchase through a special purpose purchase company, or SPAC. This time it’s the Hennessy Capital Acquisition that buys Canoo. Canoo is a self-described …
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