SciSparc Ltd (NASDAQ: SPRC) shares are trading higher Wednesday after the company announced it entered into an agreement to acquire Wellution for $20 million.
Altimmune Inc (NASDAQ: ALT) shares are falling Wednesday morning. The company announced topline results from its 12-week Phase 1b study of pemvidutide in subjects with non-alcoholic fatty liver disease.
Merger and acquisition activity in the cannabis space has accelerated in 2022 and looks poised to continue to pick up with markets trending lower on continued inflation concerns.
Tuesday marked the worst day of the year for the broader markets.
Market indices fell sharply after August CPI readings showed inflation came in hotter than expected.
During its investor day on Tuesday, Starbucks Corp (NASDAQ: SBUX) provided a roadmap for where the company is going. Interestingly enough, one new initiative aims to meet you at home when you aren't going anywhere.
The Labor Department on Tuesday reported an 8.3% year-over-year increase in the consumer price index for August, which sent the SPDR S&P 500 (NYSE: SPY) and the Invesco QQQ Trust (NASDAQ: QQQ) spiraling lower.
Meta Platforms Inc (NASDAQ: META) shares are trading lower Tuesday amid overall market weakness after the latest CPI inflation reading came in above economist estimates.
Unity Software Inc (NYSE: U) shares are trading lower Tuesday after AppLovin Corp (NASDAQ: APP) announced that it doesn't intend to submit another proposal to combine with the company.