News

AstraZeneca Plc (NASDAQ: AZN) reported data from the STORM CHASER Phase 3 trial showing that its long-acting antibody (LAAB) combination AZD7442 did not meet the primary endpoint of post-exposure prevention of symptomatic COVID-19 compared to a placebo. AZD7442 reduced the risk of...

Daiichi Sankyo Co Ltd (OTC: DSNKY) said it was halting the development of an existing drug for the treatment of COVID-19 without citing a reason. However, the Nikkei newspaper reported that there were safety concerns. In March, the company started a Phase 1 trial in Japan of an...

While basking in the glow of the approval for its Alzheimer’s treatment, Biogen Inc (NASDAQ: BIIB) announced that a gene therapy candidate for eye disease failed a late-stage clinical trial, yet again. The company announced topline results from Phase 3 STAR study of...

Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade after the S&P 500 index climbed to another record close in the previous session. Investors are awaiting earnings results from Oracle Corporation (NYSE: ORCL) and H & R Block Inc (NYSE: HRB). The Federal...

Novavax Inc (NASDAQ: NVAX) announced its experimental COVID-19 vaccine remained effective when coadministered with an approved flu shot. Researchers are interested in studying coadministration and the associated safety & efficacy of giving multiple vaccines to a person during...

Gainers RAPT Therapeutics, Inc. (NASDAQ: RAPT) shares jumped 115.5% to settle at $40.02 on Monday as the company announced topline results from its Phase 1b trial of RPT193 as monotherapy for moderate-to-severe atopic dermatitis (AD). Enochian Biosciences, Inc. (NASDAQ: ENOB) shares climbed 54%...

Nio Inc’s (NYSE: NIO) founder and CEO William Li believes electric vehicle sales in China could reach 90% by 2030, reports cnEVpost. What Happened: Li believes electric vehicle adoption in China will grow rapidly over the next decade and expects new energy vehicle contribution to be about 20...

The company responsible for one of the most popular mobile games of the last decade will turn its efforts to creating a game based on the popular Transformers brand. What Happened: Niantic Labs, the company best-known for creating “Pokemon Go,” is creating “Transformers: Heavy...

German automaker Volkswagen Group’s (OTC: VWAGY) CEO Herbert Diess on Tuesday berated the Group of Seven nations for failing to set an end-date for phasing out coal and called for more action to reach the 2030 climate goal to reduce greenhouse gas emissions to at least 55%...

A top-voted tongue-in-cheek post on r/WallStreetbets insinuated that the participants of the Reddit forum got “suckered into buying” shares of Petco Health and Wellness Company Inc (NASDAQ: WOOF) due to a "botnet." What Happened: The post primarily focused on an April...

  Companies Reporting Before The Bell • Qudian (NYSE:QD) is expected to report quarterly earnings at $0.29 per share on revenue of $95.97 million. • Renalytix AI (NASDAQ:RNLX) is estimated to report earnings for its third quarter. • First American Financial (NYSE:FAF) is...

Some of the stocks that may grab investor focus today are: Wall Street expects Oracle Corporation (NYSE: ORCL) to report quarterly earnings at $1.31 per share on revenue of $11.04 billion after the closing bell. Oracle shares slipped 0.2% to $82.43 in after-hours trading. PDS Biotechnology Corp (...

The Federal Open Market Committee will start its two-day policy meeting today. The Producer Price Index for May is scheduled for release at 8:30 a.m. ET. Producer prices are expected to rise a monthly 0.6% in May following a 0.6% growth in the prior month. Data on retail sales for May will be...

Microsoft Corp.’s (NASDAQ: MSFT) Xbox boss Sarah Bond said she is “excited” about having videogame retailer GameStop Corp. (NYSE: GME) as a partner to her company. What Happened: Bond, the Xbox head of game creator experiences, said in an interview with Bloomberg TV that Microsoft...

Dogecoin (DOGE) was termed a “bad boy of crypto” by Ric Edelman, founder of Edelman Financial Engines in an interview with Yahoo Finance on Monday. What Happened: Edelman told interviewers that he is “strongly opposed” to Dogecoin, which he pronounced “Doggy-coin,...