Tech layoffs have been in the spotlight over the past few months as companies are scrambling to squeeze every bit of the cost leverage to counter shrinking toplines. Tesla Inc.
The year has started well for biopharma companies on the regulatory front, as most decisions handed out during January were positive. The Food and Drug Administration has already cleared four new molecular entities for the year.
Advanced Micro Devices Inc. (NASDAQ: AMD) is scheduled to report its fourth-quarter results on Tuesday after market close. An earnings conference call will follow at 5 p.m. EST.
The COVID-19 pandemic emerged in 2019 in China and spread to the rest of the globe in early 2020.
Since then, the virus has caused more than 6.8 million deaths.
The stock market has gotten off to a strong start in 2023, a welcome development following the dismal showing the previous year. The S&P 500 Index, a broader market gauge, fell about 19.5% in 2022 but has gained over 6% since then.