JPMorgan’s $500M Venture Capital Fund Bets Big On Weight-Loss Drugs: ‘They’re All The Rage’
JPMorgan's $500M venture capital fund dives into weight-loss craze, eyeing potential market upheaval in pharmaceuticals.
Nike’s Bid To Trademark ‘Footware’ Thwarted By EU Court
Nike loses EU trademark case for 'footware' to Puma SE, ordered to pay legal fees. Can still appeal to higher court. Stock down 12% in past year.
What’s Going On With Pfizer On Thursday? Pharma Giant’s Shares Tick Lower
Pfizer Inc. reported that its Phase 3 CIFFREO study on Duchenne muscular dystrophy (DMD) gene therapy did not meet its primary effectiveness goal. Despite efforts to improve motor functions in boys aged 4 to 7 using a modified human dystrophin gene, the trial showed no significant progress, affecting Pfizer's quest for new treatments as it diversifies beyond its COVID-19 portfolio.
What’s Going On With Virgin Galactic Stock Thursday?
After the market close on Wednesday, Virgin Galactic announced that its board approved a 1-for-20 reverse stock split, effective after the market close on June 14. Virgin Galactic's common stock is expected to begin trading on a split-adjusted basis on June 17.
Shining Through Challenges: Signet Jewelers Reports Mixed Q1 Results, Optimistic Outlook
Signet Jewelers reported its first-quarter FY25 earnings, with sales decline of 9.5% year-on-year to $1.510 billion, marginally missing the analyst consensus estimate of $1.514 billion. Adjusted EPS of $1.11 beat the consensus estimate of $0.85.
Disney Vs. Ron DeSantis: Mouse House And Florida Governor Settle Dispute, Clearing Path For 15-Year Expansion Plan
Under the new agreement with the Central Florida Tourism Oversight District, Disney has pledged to invest a minimum of $8 billion in the resort over the next decade,
BYD Remains Dominant In China’s NEV Market In May, Tesla Makes Significant Gains: Report
BYD Co., Tesla, Inc.'s leading Chinese competitor in the EV industry, maintained its dominance in China's new energy vehicle market last month.
Honda’s New Commercial-Use Mini-EV To Hit Japan’s Streets In October: Details
Honda Motorannounces the October launch of the N-VAN e, a versatile mini-electric vehicle designed for commercial use in Japan. With a reported price tag of ¥2.44 million ($15,550), the model supports a 245 km range per charge and features a unique design optimizing cargo space.
Samsung Chairman Engages In Strategic Talks With Meta, Amazon And Qualcomm
The tech giant from South Korea is aiming to solidify its position in the chip market, particularly in high-end memory for AI applications.
Cardiol Therapeutics Presented Topline Data From Its Phase II MAvERIC-Pilot Study Investigating CardiolRx For Recurrent Pericarditis; Administration Of CardiolRx Led To A Marked Reduction In The Primary Efficacy Endpoint Of Pericarditis Pain
Administration of CardiolRx™ led to a marked reduction in the primary efficacy endpoint of pericarditis painCardiolRx™ also shown to reduce inflammation in patients with elevated CRP89% of patients have