45 minutes ago Pfizer shares are falling after the company stops developing experimental weight-loss drugs Pfizer shares fell about 4% in premarket trading after the drugmaker decided to stop developing a twice-daily version of its weight-loss drug due to adverse side effects. “At this time, the twice-daily danuglipron formulation will not advance to Phase 3 … [Read more…]
(Bloomberg) — Treasury yields rose after data showed another rise in consumer inflation expectations for the year ahead and some traders took profits on dovish bets from the Federal Reserve. Most read by Bloomberg In a weak trading session before the Thanksgiving holiday, two-year U.S. yields topped 4.9%. The S&P 500 rose slightly. Amazon.com Inc. … [Read more…]
Baidu shares rose on Tuesday after the Chinese technology company reported better-than-expected quarterly results, giving investors hope for growth in its artificial intelligence business amid risks to the sector. Baidu (ticker: BIDU) reported profit of 20.40 Chinese yuan ($2.86) per share on revenue of 34.5 billion yuan ($4.8 billion), beating expectations FactSet reported earnings of … [Read more…]
(Bloomberg) — The dollar weakened and stocks rose in Asia on increasing speculation that the Federal Reserve is nearing the end of its tightening cycle. Most read by Bloomberg The U.S. currency weakened against all of its Group of 10 currencies after dovish comments from Federal Reserve officials last week bolstered bets that the central … [Read more…]
FILE – A PG&E helicopter inspects power lines near Forest Hill, California. San Francisco Chronicle/Hearst N/San Francisco Chronicle via Gett After the new plan goes into effect, customers will pay an average of $30 to $35 more per month. The change begins Jan. 1, meaning some customers won’t see the new rate until they receive … [Read more…]
An hour ago Biggest risers: Siemens Energy rises 7%, Alstom falls 10% Siemens Energy shares rose more than 7% in early trading after the company secured 7.5 billion euros ($8.15). billion) in project-related state guarantees from the federal government. The German economy ministry said late Tuesday that it had granted the backstop as part of … [Read more…]
Signage at a SoftBank Corp store. in the Ginza district in Tokyo, Japan, on Wednesday, November 1, 2023. Kiyoshi Ota | Bloomberg | Getty Images Shares of SoftBank Group rose 5% on Wednesday after the Japanese technology giant said it would receive shares in telecommunications company T-Mobile US worth about $7.59 billion at no additional … [Read more…]
Hospitals acquired by private equity firms have seen a rise in patient falls and infections, according to a new study. The study, published Tuesday in the Journal of American Medicine, used data from 100 percent Medicare Part A claims and found that three years after hospitals acquired private equity capital, an increase in “hospital-acquired Falls … [Read more…]
40 minutes ago Stocks seeing the biggest moves premarket: Intel, Synopsys and more Check out the companies making headlines before the bell: Intel – Semiconductor shares rose 2.2% after news that the Israeli government has agreed to give Intel $3.2 billion for a new $25 billion chip factory the company is building in the south … [Read more…]
Gift card exploitation scams are on the rise during the holidays As we head into the holiday season, a gift card scam known as “card draining” is occurring. The Federal Bureau of Investigation warns that gift cards could be activated with $0 balances due to this growing scam. Priskila Basnet of Woodbury said she recently … [Read more…]