Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules
(Reuters) – Bankrupt Oxycontin manufacturer Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits…
Spirit AeroSystems remains a 737 story – BofA
BofA reiterated an Underperform rating on Spirit AeroSystems (NYSE:SPR), lowering its price target on the stock by $1 to $25…
Citi bullish on ‘streamlined’ Johnson & Johnson after Kenvue IPO
Citi analysts resumed the research coverage of Johnson & Johnson (NYSE:JNJ) with a Buy rating and a $185 per share.…
U.S. Supreme Court declines to hear bid to sue Reddit over child porn
(Reuters) – The U.S. Supreme Court on Tuesday declined to hear a bid by child pornography victims to overcome a…
German tax fraud mastermind handed further 8-year jail sentence
(Reuters) – Hanno Berger, a former tax inspector turned legal tax expert, was sentenced on Tuesday to eight years and…
U.S. holiday air passenger travel tops 2019 pre-COVID levels
(Reuters) – U.S. holiday air passenger travel topped 2019 pre-COVID levels over the Memorial Day weekend, which typically marks the…
PayPal stock pops as Mizuho says pricing concerns ‘largely overblown’, buy on weakness
Mizuho analysts reiterated a Buy rating and a $92 per share price target on PayPal (NASDAQ:PYPL), following the recent stock…
Why Equitrans Midstream stock is up 40% today
Equitrans Midstream (NYSE:ETRN) shares trade as much as 40% higher on Tuesday after RBC analysts upgraded to Outperform from Sector…
Nvidia becomes first chipmaker valued at over $1 trillion
(Reuters) – Nvidia (NASDAQ:NVDA) Corp breached the $1 trillion in market capitalization on Tuesday, making it the first chipmaker to…
Ulta Beauty Stock Drops 13% on Profit Miss, Thinner Margin Forecast
The beauty retailer tumbled to its lowest level since late 2022, turning into S&P 500’s worst-performing stock on Friday. Ulta…