Large Cap Archives - Page 29 of 437

1 minute read

Why Is Brazilian Oil Company Petrobras Stock Sinking Today?

May 15, 12:21 PM

PBR shares down as CEO Jean Paul Prattes resigns and is replaced by former regulator with similar views to President Lula. Concerns about political interference and impact on minority shareholders.

PBR

2 minute read

No Wegovy Shortage in Denmark Amid High Demand, Novo Nordisk Confirms

By Vandana Singh

May 15, 11:59 AM

Novo Nordisk confirms there is no anticipated shortage of Wegovy in Denmark, despite prior warnings from the Danish Medicines Agency about limited supplies. The company addresses high demand and reassures the availability of all doses.

LLY

2 minute read

FDA Pushes Review Date For Ascendis Pharma’s Hormone Disorder Candidate By Three Months

By Vandana Singh

May 15, 11:57 AM

Ascendis Pharma announces FDA's extension of the review date for TransCon PTH for adults with hypoparathyroidism to August 14, 2024. TransCon PTH aims to address low calcium levels due to hypoparathyroidism.

ASND

2 minute read

Eli Lilly Strikes Deal To Combat Counterfeit Diabetes And Weight Loss Drugs Mounjaro And Zepbound

By Vandana Singh

May 15, 10:03 AM

Eli Lilly has settled with Totality Medispa over counterfeit Mounjaro and Zepbound sales. The spa will pay damages and cease using Lilly branding. Corrective measures include compliance with federal law for tirzepatide products.

LLY

2 minute read

S&P 500, Nasdaq 100 Hit Record Highs As Benign Inflation Data Supports Fed Rate Cut Prospects

By Piero Cingari

May 15, 9:39 AM

April inflation and retail sales data sparked rallies in risky assets, as traders bet on Fed rate cuts. S&P 500, Nasdaq 100 hit record highs.

AMD

1 minute read

TotalEnergies’ Strategy: CEO Reportedly Affirms France Listing While Eyeing US Markets

By Lekha Gupta

May 15, 8:19 AM

TotalEnergies SE will reportedly stay listed in France, but may offer shares to US shareholders due to higher valuation in US market.

TTE

2 minute read

Paramount Acquisition In Doubt As Sony Rethinks $26B Bid

By Piero Cingari

May 14, 4:40 PM

CNBC's David Faber reported during "Power Lunch" on Tuesday that people close to the situation indicated a "rethinking" of the Paramount bid.

APO

2 minute read

Anglo American Expedites Plan To Divest De Beers, Other Assets After Rebuffing BHP Takeover Bid

By Stjepan Kalinic

May 14, 2:55 PM

Anglo American plans to sell its diamond business, De Beers, South Africa-based Anglo American Platinum, and steelmaking coal assets.

AAUKF

2 minute read

Will Insulet’s Monopoly Crumble? Appellate Court Ruling Signals Shift in Automated Insulin Delivery Systems Market

By Vandana Singh

May 14, 2:44 PM

Latest on Insulet and its legal battle with EOFlow. Understand the impact of the appellate court's decision on market dynamics and Insulet's future.

MDT

1 minute read

Indian Rival Meril Accuses Edwards Lifesciences Of Anti-Competitive Behavior In EU Antitrust Complaint

By Vandana Singh

May 14, 2:33 PM

Edwards Lifesciences faces EU antitrust complaint from Meril over patent disputes, intensifying regulatory scrutiny. Recent actions aim to ensure fair competition, affordability, as Meril alleges patent abuses and obstruction to innovation.