Immunogen shares surge on news of takeover by AbbVie
AbbVie (NYSE:ABBV) announced Thursday that it will acquire Immunogen (IMGN) and its flagship cancer therapy, Elahere, in a deal worth…
Ford Motor stock pops on reinstated outlook, new UAW deal expected to cost $8.8 billion
Ford (NYSE:F) has reinstated its 2023 financial guidance, still anticipating adjusted Ebit in the range of $10.0 billion to $10.5…
Pure Storage plunges 17% on soft outlook; Analysts see further multiple compression
Pure Storage (NYSE:PSTG) reported its Q3 results, with EPS of $0.50 coming in better than the consensus estimate of $0.40.…
Vista Outdoor rejects Colt CZ’s merger offer
(Reuters) – U.S. sporting and outdoor products group Vista Outdoor (NYSE:VSTO)’s has rejected a cash-and-stock merger offer from Czech gunmaker…
Novo Nordisk finds compounded Wegovy up to 33% impure, sues Florida pharmacies
(Reuters) – Novo Nordisk (NYSE:NVO) on Thursday said it sued one compounding pharmacy and refiled a lawsuit against another after…
Tesla to deliver Cybertrucks after Musk tempers expectations
(Reuters) – Tesla (NASDAQ:TSLA) is set to start deliveries of its long-delayed Cybertruck electric pickup on Thursday, after CEO Elon…
Factbox-How European airlines have hedged against fuel price increases
(Reuters) – Higher oil prices amid turmoil in the Middle East are increasing prices of jet fuel, which accounts for…
Meta Platforms’ ad-free service targeted in EU consumer complaint
(Reuters) – Meta Platforms’ advertising-free subscription service, a fee-based offering rolled out in Europe this month, breaches EU consumer laws,…
European stocks mixed; German retail sales help sentiment
European stock markets traded in a mixed fashion Thursday, helped by strong German retail sales ahead of the release of…
Robinhood opens in Britain with low-cost US trading to woo clients
(Reuters) – Trading app operator Robinhood Markets Inc (NASDAQ:HOOD). said on Thursday it would roll out brokerage services in Britain,…