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Meet Jeff Smith, the hedge-fund investor taking on Pfizer
Since 2011, Starboard Value's Jeff Smith has extracted board seats and profits from corporate Ameri…
Alex Morrell
Activist investor Starboard has just informed Pfizer it has taken a significant stake
Activist investor Starboard Value is looking to shake up pharma giant Pfizer's sagging stock price.
Alex Morrell
Tesla's earnings report will include refocusing on its car business, and it comes as competition heats up
GM's recent success puts pressure on Tesla as it fights to maintain its EV dominance ahead of today…
Dan DeFrancesco
Wall Street says buy stocks that pay dividends with $6 trillion of cash ready to be deployed
"We see more opportunities within equities for investors searching for yield," Bank of America's Sa…
Matthew Fox
Moderna stock tumbles 21% as earnings show people aren't getting as many COVID shots
Moderna lowered its annual sales forecast as sales of its COVID-19 vaccine dropped by 37%, fueled b…
Kelly Cloonan
This overlooked obesity-drug stock has 80% upside, JPMorgan says
JPMorgan said it expects Structure Therapeutics' oral GLP-1 weight loss drug candidate to generate …
Matthew Fox
Stock market today: futures drop after Starbucks and McDonald's misses
US stock futures slid on Wednesday as Amazon's evidence of strong AI demand was tempered by signs o…
Theron Mohamed
Retail traders have been ditching the Magnificent 7 for pharma stocks like Eli Lilly, says JPMorgan
Nividia is still a retail darling, but last week saw individual investors pivot to names like Eli L…
Yuheng Zhan
Sensex, Nifty50 flat in morning trade: HDFC twins, Maruti Suzuki amongst top losers
India’s benchmark indices Sensex and Nifty50 were flat in morning trade on Tuesday amidst positive …
Seagen's stock surges almost 11% after a report that Pfizer is in talks to buy the cancer-focused biotech
Pfizer is in early talks to acquire cancer drugmaker Seagen in a potentially multibillion-dollar de…
Zinya Salfiti
Interest rates staying where they are is a forgone conclusion, but the Fed's decision day still matters
A September rate cut would come shortly before another major economic event: the US presidential el…
Dan DeFrancesco
Pfizer agrees to buy Seagen for $43 billion
The agreement is an early sign that, despite the threat of close antitrust examinations and higher …
ANI
US stocks trade mixed amid earnings rush and fresh economic data
The number of job openings in June dropped by more than expected, according to data from the Labor …
Jason Ma
US stocks fall to begin new month after big rally in July
Later on Tuesday, the Labor Department will release job openings data, and ISM will publish its man…
Jason Ma
Arena Pharmaceuticals soars 97% as Pfizer to spend $6.7 billion to buy ulcerative colitis drug developer
Arena's stock surge comes after the price this year had dropped by 35%.
Carla Mozée
Pfizer drops after issuing weaker 2022 outlook, dragging COVID-19 vaccine makers Moderna and Novavax down with it
The drugmaker expects 2022 revenue of $98 billion to $102 billion, which fell below analyst expecta…
Matthew Fox
Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlin…
Dan DeFrancesco
Retail investors are chasing the rally in the stock market. Here's exactly what they're buying.
"The monthly net inflows into US equities are now averaging $1.4 billion per day, close to the all-…
Matthew Fox
Pfizer and BioNTech surge after the FDA officially approves its COVID-19 vaccine
The vaccine will be marketed under the brand name Comirnaty, and the FDA hopes the approval will nu…
Matthew Fox
Viking Therapeutics soars 104% after its GLP-1 weight-loss drug posts impressive results in Phase 2 trial
Viking's GLP-1 drug candidate showed faster weight loss compared to drugs that are already on the m…