Large Cap Archives - Page 26 of 437

2 minute read

Wall Street Jumps Back To Record Highs, Dow Hits 40,000 As Inflation Fears Recede, Meme Stock Frenzy Returns: This Week In The Market

May 17, 4:07 PM

Major market indexes reached record highs for the fourth week in a row, fueled by inflation data and expectations for interest rate cuts. Meme stocks resurged, while Buffett bought Chubb and Dimon warned about fiscal deficit.

AMC

2 minute read

AbbVie Is ‘Successfully Positioned To Absorb Humira Biosimilar Erosion’: Analyst

By Vandana Singh

May 17, 1:47 PM

Cantor Fitzgerald initiates coverage on AbbVie with an Overweight rating and a $200 price target. AbbVie is set to manage Humira biosimilar erosion, drive growth with Skyrizi, Rinvoq, and emraclidine, and achieve a high single-digit CAGR from 2024 to 2029.

ABBV

2 minute read

Fresenius SE’s Future With Dialysis Company Unclear, Investors Seek Answers

By Vandana Singh

May 17, 1:13 PM

Investors urge Fresenius SE to clarify its strategic plans for Fresenius Medical Care after recent deconsolidation. Despite holding a 32% stake, challenges like high dialysis patient mortality and nursing shortages impact both companies' performance and share value.

BAX

2 minute read

European Patent Office Sides with Moderna In COVID-19 Vaccine Patent Dispute With Pfizer/BioNTech

By Vandana Singh

May 17, 12:46 PM

Moderna wins a crucial legal battle at the European Patent Office against Pfizer and BioNTech over Covid-19 vaccine patents.

BNTX

2 minute read

Pembina Pipeline’s Cedar LNG On Track For Final Investment Decision In June: Details

By Lekha Gupta

May 17, 11:11 AM

Pembina Pipeline Corp announced progress on its Cedar LNG project and a 4%-6% growth in adjusted EBITDA per share & $2.2B-$4B in expenditures by 2026.

EINC

2 minute read

Bayer Highlights Detailed Data From Twin Late-Stage Trials On Experimental Menopause Candidate, Seeks Regulatory Approval

By Vandana Singh

May 17, 11:02 AM

Bayer to present detailed Phase 3 OASIS 1 and 2 study results showing elinzanetant significantly reduces moderate to severe menopausal vasomotor symptoms compared to placebo.

ALPMF

1 minute read

GSK Completely Exits Sensodyne Toothpaste Maker Haleon In $1.6B Sale

By Vandana Singh

May 17, 10:45 AM

GSK is fully exiting its position and will no longer hold any ordinary shares in Haleon, maker of Sensodyne toothpaste and Advil painkillers.

GSK

2 minute read

China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs

By Piero Cingari

May 17, 10:37 AM

China announces aggressive measures to boost property market, including easing mortgage rules and urging local governments to purchase unsold homes. Stocks and commodities tied to China rally in response to the news.

BABA

1 minute read

FDA Gives Accelerated Approval To Amgen’s Drug For Small Cell Lung Cancer Patients

By Vandana Singh

May 17, 10:01 AM

FDA approves Amgen's Imdelltra for treating ES-SCLC, based on response rate and DoR in clinical studies. Approval may depend on further trials.

AMGN

1 minute read

Waste Management Mulls $3B Sale Of RNG Business: Report

By Lekha Gupta

May 17, 7:18 AM

Waste Management is seeking to sell its renewable natural gas business for about $3 billion. The company is working with JPMorgan to gauge interest from potential buyers.

ENB