Qualcomm Inc. (NASDAQ: QCOM) shares are trading lower Thursday afternoon. The company has agreed to pay $75 million to settle a shareholder lawsuit accusing the company of misleading investors about its patent licensing practices.
Amazon.com Inc (NASDAQ:AMZN) shares are trading higher Thursday. Anthropic's Claude 3.5 Sonnet became generally available in Amazon Bedrock. Amazon's business unit also announced a number of new technology features.
Zapp Electric Vehicles shares are trading higher Thursday after the company announced its financial results for the first half of fiscal year 2024 and raised its business outlook. Here's the details:
Better Choice (AMEX:BTTR) stock is trading higher Thursday after the company announced it reached a settlement with Alphia, ending litigation and resulting in Better Choice retiring its senior debt.
WTI light crude oil up 0.3% past $81/bbl, highest close since April. US crude, gasoline, distillate inventories decline, raising concerns of insufficient supply. Rising oil prices may impact inflation and US election. Biden admin may release more oil from strategic stockpile. Energy stocks rise 1.5% on Thursday.
RBC Capital Markets lowered its price target on Tesla, Inc. (NASDAQ:TSLA) from $293 to $227 Thursday, based on a lower robotaxi segment valuation. Another analyst sees Tesla's upcoming Robotaxi day boosting a competitor.
Trevena shares dropped 33.7% to $0.23 with a session volume of 23.65 million. Notably, TRV045 did not cause S1P1R desensitization or protein reduction, unlike fingolimod.