Large Cap Archives - Spark Newswire

3 minute read

S&P 500, Nasdaq Slip As Tech Underperforms, Oil Reacts to OPEC+: What’s Driving Markets Thursday?

Yesterday, 2:20 PM

Thursday’s trading session on Wall Street presents a mixed picture, characterized by notable fluctuations in major indices. While tech-heavy benchmarks like the S&P 500 and the Nasdaq 100 are experiencing declines, blue-chip stocks and small caps are treading the path of marginal gains.

AMBA

1 minute read

Competition and Optimism: GSK’s CEO Walmsley Foresees Growth Despite Competition In RSV Vaccine Market

By Vandana Singh

Yesterday, 2:15 PM

Emma Walmsley, the Chief Executive Officer of GSK plc (NYSE: GSK), expressed confidence in its respiratory syncytial virus (RSV) vaccine, Arexvy, anticipating sales to surpass £1 billio

GSK

2 minute read

Chilling 2024 S&P 500 Outlook: Why JPMorgan Analysts Project Nightmare Scenario For Stocks

By Piero Cingari

Yesterday, 12:44 PM

JP Morgan is bearish on the US stock market in 2024, predicting an 8% drop. They point to rich valuations, aging cycle, restrictive monetary policy, geopolitical risks, and rising debt costs as factors that could contribute to the decline.

SPY

1 minute read

Battle for Disney’s Board Escalates: Trian Management Seeks Multiple Board Seats

By Vandana Singh

Yesterday, 12:24 PM

Activist investor Nelson Peltz and his firm, Trian Fund Management, seek more than two seats on the board of entertainment giant Walt Disney & Co (NYSE: DIS), escalating tensions and setting the stage for a

DIS

1 minute read

ImmunoGen’s Flagship Cancer Therapy Draws AbbVie’s Attention With $10.1B Deal

By Vandana Singh

Yesterday, 11:30 AM

AbbVie Inc (NYSE: ABBV) has agreed to acquire ImmunoGen Inc (NASDAQ: IMGN) and its flagship cancer therapy Elahere (mirvetuximab soravtansine-gynx), a first-in-class antibody-drug conjugate (ADC) approved f

ABBV

2 minute read

Novo Nordisk Sues Florida Compounding Pharmacies Over Impurities In Products Claiming To Contain Wegovy Ingredient

By Vandana Singh

Yesterday, 11:09 AM

Novo Nordisk A/S (NYSE: NVO) has reportedly taken legal action against Florida compounding pharmacies, suing one and refiling a lawsuit against another, as it discovered impurities in their products claiming to contain the active ingredient, semaglutide, for its popular

LLY

3 minute read

Stocks Drift Higher On Stronger GDP Data, Oil Rebounds As OPEC+ Mulls Cuts: What’s Driving Markets Wednesday?

By Piero Cingari

November 29, 2:59 PM

Stocks are experiencing their 16th green session out of the 20 so far in November, with the S&P 500 index reaching its highest level since early August, and the Nasdaq 100 just 4.4% below its all-time highs set in November 2021.

BILI

1 minute read

AbbVie’s Lung Cancer Study Shows Encouraging Clinical Benefits In Subtype Of Patients

By Vandana Singh

November 29, 2:21 PM

AbbVie Inc (NYSE: ABBV) announced topline results from the single-arm Phase 2 LUMINOSITY trial evaluating telisotuzumab-vedotin (Teliso-V) in patients with c-Met protein overexpression, epidermal growth factor receptor (EGFR) wild type,

ABBV

2 minute read

Big-Tech Rally Continues: S&P 500 Could Return 11% In 2024

By Neil Dennis

November 29, 2:19 PM

The S&P 500 index could return 11% in 2024, analysts predict. DataTrek co-founder Nicholas Colas suggests investing in the Russell 3,000.

AAPL

2 minute read

What’s Going On With Healthcare Insurance Giant Cigna Stock Today?

By Vandana Singh

November 29, 2:02 PM

Cigna Group (NYSE: CI) and Humana Inc (NYSE: HUM) are reportedly discussing a merger deal to create a new powerhouse in the health insurance industry.