Cartesian Therapeutics (RNAC) reported a “watershed moment” for its autoimmune-disease focused CAR-T treatment on Tuesday, but the biotech stock plunged in premarket trades. ↑ X NOW PLAYING CRSP Stock On Wild Ride After FDA’s Historic Approval. These Gene Editing Treatments Could Come Next. The biotech company tested its drug, Descartes-08, in patients with generalized myasthenia […]
Elanco stock plummeted Thursday after the company announced a pair of delays and a surprise box warning for its new eczema treatment for dogs. ↑ X NOW PLAYING How To Sell Stocks: Long-Term Trend Lines The company now expects it eczema drug Zenrelia to gain Food and Drug Administration approval in the third quarter and […]
President Javier Milei stopped all new public works projects as part of his drive to slash spending (STRINGER) Argentina’s austerity-hit economy contracted by 5.1 percent in the first quarter, the national statistics agency said Monday, driven by a slowdown in the construction and manufacturing industries. President Javier Milei, who took office in December, stopped all […]
Sales of electric vehicles (EVs) plunged across Europe last month, fuelled by a sharp drop-off in demand in Germany. Official figures show that sales for new EVs fell by 30pc in Germany last month, which led to a broader fall of 12.5pc across the Continent. It comes a week after Brussels launched a crackdown on […]
Paramount Global (PARA) shares sank nearly 8% on Tuesday after Shari Redstone, who controls Paramount through her family’s holding company National Amusements (NAI), ended merger talks with Skydance Media, NAI confirmed in a statement. As first reported by the Wall Street Journal, Redstone will now likely pursue a sale of just NAI, rather than attempting […]
Biomea stock crashed Friday after the Food and Drug Administration placed two of the company’s diabetes treatment studies on hold, citing concerns of liver toxicity.
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Will Lewis is quickly losing the confidence of his newsroom. The chief executive and publisher of The Washington Post, who took the helm of the venerable newspaper in January — and was initially […]
Western New York cities did not rank high on a recent list of the best United States cities to live in, according to an analysis by U.S. News and World Reports. For its annual Best Places to Live ranking, U.S. News evaluates quality of life across 150 major cities and ranks them from the best […]
A pilot survived after his helicopter crashed Saturday afternoon in a fiery accident in New Hampshire. According to the New Hampshire State Police, the helicopter plummeted into the wooded line at a residential property at approximately 12:45 p.m. in Danbury. Authorities said that the initial investigation revealed that the pilot lost control. 4-YEAR-OLD AMONG 5 […]
Dell Technologies (DELL) is seeing higher revenue from AI server sales but it’s not leading to a corresponding increase in profits. Dell stock tanked on Friday after its fiscal first-quarter earnings report. X Late Thursday, Dell reported in-line earnings on better-than-expected sales for its fiscal Q1. But it disappointed with its earnings outlook for the […]
Shopify’s stock hit its lowest price in six months on Wednesday morning, following the commerce infrastructure company’s Q1 earnings announcement. The company reported a 23 percent increase in revenue compared to last year. Adjusted for the impact of Shopify’s sale of its logistics business to Flexport in 2023, the company has seen 29 percent year-over-year […]
Fastly stock plunged Thursday after the company lowered its 2024 revenue outlook amid pricing pressure for its top customers. X Fastly (FSLY) late Wednesday reported first quarter revenue and earnings slightly above consensus estimates. But shares plunged on management’s outlook. San Francisco-based Fastly competes in the content delivery network (CDN) market versus Akamai Technologies (AKAM) and […]