Author Archives: Megan Oudine

Tests suggest Regeneron antibody treatment for COVID loses effectiveness against omicron variant: WSJ
30 November, 2021

Early tests suggest that the COVID-19 antibody treatment developed by Regeneron Pharmaceuticals Inc.loses effectiveness against...

Elanco Animal Health to cut 380 jobs, reduce senior management by 20% as part of restructuring
30 November, 2021

Elanco Animal Health Inc. said Tuesday it will cut about 380 jobs globally as part...

Lithia Motors boosts stock buyback program by $750 million, to more than 10% of market cap
30 November, 2021

Lithia Motors Inc. , also known as Lithia & Driveway, said Tuesday it was increasing...

Airline stocks suffer broad selloff as fear of omicron variant’s impact on travel spreads
30 November, 2021

Shares of airline companies took a broad beating Tuesday, as part of a selloff in...

EV battery maker Factorial Energy sells undisclosed stakes in company to Mercedes, Stellantis
30 November, 2021

Privately-held EV battery maker Factorial Energy said Tuesday it received undisclosed investments from Mercedes-Benz and...

Merck, AstraZeneca’s sNDA for breast cancer treatment granted priority review by the FDA
30 November, 2021

Merck & Co. Inc. and AstraZeneca PLC said Tuesday that their supplemental New Drug Application...

Chico’s stock rises after surprise profit
30 November, 2021

Chico’s FAS Inc. shares jumped 2.3% in Tuesday premarket trading after the women’s fashion company...

All 30 Dow stocks are falling premarket, led by American Express and Boeing
30 November, 2021

The selloff in the Dow Jones Industrial Average is including all 30 of the index’s...

Coronavirus tally: Global cases of COVID-19 top 262 million as FDA panel to meet on Merck’s antiviral
30 November, 2021

The global tally for the coronavirus-borne illness climbed above 262 million on Monday, while the...

U.S. Silica to raise prices for most of its products by 6% to 14% starting Feb. 1 to combat inflationary pressures
30 November, 2021

U.S. Silica Holdings Inc. said Tuesday its industrial and specialty products business will raise prices...

Cordray being considered by White House for top Fed banking regulator: WSJ
30 November, 2021

President Joe Biden is considering Richard Cordray, who served as the first director of the...

KKR, Wells Fargo eye NYC expansion at Hudson Yards: WSJ
30 November, 2021

KKR & Co. Inc. and Wells Fargo & Co. are interested in adding more office...

Harborside issues $77 million in debt, combines with two companies and changes its name to StateHouse
30 November, 2021

Harborside Inc. said Monday it will issue $77 million in debt as part of an...

Meta exec Marcus, who led crypto efforts, is leaving
30 November, 2021

David Marcus, a top executive at Facebook parent Meta Platforms Inc. who helped develop the...

Apple stock sticks out as it jumps into record territory while the Dow and the rest of its components drop
30 November, 2021

Shares of Apple Inc. stuck out like a sore thumb Tuesday, as they rallied 2.0%...

ViacomCBS to raise $1.85 billion from sale of CBS Studio Center and its operating business
30 November, 2021

ViacomCBS Inc. announced Tuesday an agreement to sell its CBS Studio Center and its operating...

Russell 2000 in danger of first official correction since the COVID-19 bear market of early 2020
30 November, 2021

The Russell 2000 Index was dropping 2.1% to 2,195.78 in morning trading Tuesday, to put...

Barnes & Noble Education stock drops after earnings miss
30 November, 2021

Barnes & Noble Education Inc. stock plunged 14.3% in Tuesday premarket trading after the bookseller...

BNP Paribas forecasts S&P 500 at 5,100 by year-end 2022
30 November, 2021

Greg Boutle, U.S. head of equity and derivative strategy at BNP Paribas, said Tuesday he...

Dow’s omicron-inspired plunge puts blue-chip index perilously close to sinking below 200-day moving average
30 November, 2021

The Dow Jones Industrial Average was trading near session lows on Tuesday afternoon, a move...

Panic-like selling signs emerge in NYSE as Dow tumbles more than 600 points Tuesday amid omicron fears
30 November, 2021

Trading in New York Stock Exchange-listed stocks on Tuesday were exhibiting panic-like-selling behavior as stocks...

The Tell: Traders raise expectations for accelerated rate hikes by Federal Reserve after Powell speaks, flattening Treasury curve even further
30 November, 2021

Dan Kitwood/Getty ImagesThe spread between yields on 2- and 10-year Treasury notes, one of the...

Dow skids nearly 600 points and stock market’s losses deepen as Fed’s Powell says faster taper may be warranted amid omicron
30 November, 2021

U.S. stocks saw losses sharpen late-morning Tuesday as Federal Reserve Chairman Jerome Powell suggested that...

Dow skids over 200 points lower at Tuesday’s open as Moderna CEO raises doubt about current batch of vaccines versus omicron
30 November, 2021

U.S. stock benchmarks headed lower Tuesday morning, giving up some of Monday’s gains, amid fresh...

Brazilian digital banking platform Nu to offer 289.2 million shares in IPO, priced at $8 to $9 each
30 November, 2021

Brazilian digital banking platform Nu Holdings Ltd. set terms for its initial public offering on...