Large Cap Archives - Page 430 of 437

1 minute read

Why Are Shares of Exxon Mobil Rising Today?

July 29, 8:55 AM

Shares of Exxon Mobil Corp (NYSE: XOM) are trading higher today following a strong earnings report. Exxon reported $17.9 billion in total earnings for the second quarter which is an increase from $5.480 billion reported in the first quarter.

XOM

1 minute read

AbbVie’s Q2 Sales Marginally Shy Of Wall Street Estimates, Confirms Annual Profit Outlook

By Vandana Singh

July 29, 8:35 AM

AbbVie Inc (NYSE:ABBV) reports Q2 adjusted EPS of $3.37, up 11.2% Y/Y and beating the consensus of $3.33. Overall sales…

ABBV

1 minute read

AstraZeneca Q2 Highlights: Profits Fall, COVID-19 Vaccine Sales Dip, Lifts Annual Sales Guidance

By Vandana Singh

July 29, 6:04 AM

AstraZeneca Plc (NASDAQ:AZN) Q2 profits fell sharply on ballooning costs linked to its Alexion takeover. The net profit was down…

AZN

1 minute read

Gilead’s Biktarvy Demonstrates High Efficacy In HIV/HBV Coinfection Patients

By Vandana Singh

July 28, 3:09 PM

Gilead Sciences Inc (NASDAQ:GILD) announced results reinforcing Biktarvy (bictegravir/emtricitabine/tenofovir alafenamide) as a highly efficacious treatment option for HIV, including individuals with…

GILD

3 minute read

Daily Biotech Pulse: GSK’s Kidney Disease Drug Approved For Children, Tonix Pharma To Launch Monkeypox Vaccine Study In Kenya, Positive Effect Of Cyclerion’s Schizophrenia Candidate

By Vandana Singh

July 28, 10:37 AM

Here's a roundup of top developments in the biotech space over the last 24 hours:

ABBV

1 minute read

Labcorp To Spin Off Its Clinical Trial Business, Posts Mixed Q2 Earnings

By Vandana Singh

July 28, 7:44 AM

Laboratory Corp of America Holdings (NYSE:LH) plans to spin off its unit focused on the clinical development business. Wall Street Journal was the…

1 minute read

Allergan To End Around 3,000 Opioid Lawsuits With Over $2B In Settlement: Report

By Vandana Singh

July 28, 7:42 AM

AbbVie Inc’s (NYSE:ABBV) Allergan unit has agreed to pay more than $2 billion to resolve over 3,000 lawsuits filed…

ABBV

2 minute read

Meta Unveils New Facebook Music Revenue Sharing Feature To Better Compete With TikTok

By Robert Kuczmarski

July 26, 2:27 PM

When Bytedance bought out Musical.ly and rebranded it as TikTok, it allowed content creators to use licensed music within their videos and still be able to monetize their content.

General Motor’s Joint Venture To Receive $2.5B Government Loan For Upcoming Battery Plants In US

By Vandana Singh

July 26, 8:01 AM

The U.S. Department of Energy is reviving an old low-cost loan program, and the first recipient is Ultium Cells, the joint battery venture between General Motors Company (NYSE: GM) and LG Energy Solution.

1 minute read

Regeneron’s Price Target Cut On Dim Prospects For Its Flagship Eye Product

By Vandana Singh

July 25, 12:25 PM

SVB has cut the price target from $738 to $630 and downgraded from Outperform to Market Perform to reflect Regeneron Pharmaceutical Inc’s (NASDAQ:REGN)…

REGN