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Fusion Pharma climbs as analyst flags radiopharmaceutical company as potential merger target
Market Watch· 2023-12-27 15:50
Fusion Pharmaceuticals Inc.’s stock FUSN, +16.69% was up by 5.3% in premarket trading on Wednesday, as analysts at Oppenheimer highlighted the company as a potential merger target. Fusion Pharmaceuticals “is potentially the sole remaining clinical-stage, targeted radiopharm player with a robust supply chain,” analysts said in a research note on Wednesday. Bristol Meyers Squibb Co. BMY, -1.61% announced plans Tuesday to acquire Rayze Bio Inc. RYZB, +100.85% for $4.1 billion. Meanwhile Eli Lilly & Co.’s LLY, ...
Plug Power installs first hydrogen-producing system at an Amazon fulfillment center, but stock pulls back
Market Watch· 2023-12-27 15:14
Plug Power Inc. PLUG, +5.75% said Wednesday that it completed the first installation of an electrolyzer system at a Amazon.com Inc. AMZN, -0.01% fulfillment center. Plug Power’s stock fell 1.3% in premarket trading, putting it on track to snap a three-day win streak in which it ran up 14.9%. The proton exchange membrane electrolyzer produces hydrogen to fuel more than 225 hydrogen fuel-cell powered forklift trucks at the site, in Aurora, Colo. Plug Power said it has worked with Amazon to deploy more than 1 ...
2024 could turn into a ‘trader's market.' Here's how this strategist says you can make the most of that.
Market Watch· 2023-12-27 14:56
The S&P 500 index has three days left this year to try for a fresh record high, which in theory, shouldn’t be so hard with a Santa Rally all but teed up. The index is 0.45% away from surpassing the 4796.56 high hit Jan. 3, 2022, but lethargy lurks for Wednesday. With the index sitting on a respectable 24% gain after last year’s 19% rout, it seems logical investors would want to ride out the rest of the year on the sidelines.Read: S&P 500 is moving toward record territory. Here’s what stock-market investors ...
Fisker stock rises after delivering first Ocean Sport, but heads for 5th straight sub-$1.50 close
Market Watch· 2023-12-27 14:48
文章核心观点 - 电动汽车制造商Fisker宣布今年首辆Fisker Ocean Sport交付给英国客户,盘前股价上涨,但仍可能连续第五次收于1.50美元以下 [1] 公司情况 - Fisker宣布今年首辆Fisker Ocean Sport交付给英国客户 [1] - Fisker Ocean Sport在美国的起售价为38,999美元 [1] - Fisker股价在盘前交易中上涨0.7% [1] - Fisker股票可能连续第五次收于1.50美元以下,12月已有9次收于该水平之下,12月6日首次收于1.50美元以下,收盘价创历史新低1.41美元 [1] - 截至周二,Fisker股价在过去三个月暴跌76% [1] 行业情况 - 过去三个月,Global X Autonomous & Electric Vehicles ETF上涨8.3%,标准普尔500指数上涨11.7% [1]
Tesla reportedly will build revamped Model Y in Shanghai in 2024
Market Watch· 2023-12-27 05:03
Tesla Inc. is preparing to launch an updated version of its popular Model Y SUV at its plant in Shanghai, Bloomberg News reported late Tuesday. According to Bloomberg, the revamped Model Y will feature significant interior and exterior changes, and is expected to reach mass production as soon as mid-2024. The Shanghai facility will pause production for about a week after the new year to upgrade its production capabilities, Bloomberg reported, citing sources familiar with the matter. The plant will need a ...
Intel's stock on pace for biggest daily percentage gain in two months, buoyed by Israel deal
Market Watch· 2023-12-26 22:35
Shares of Intel Corp. rose 4.7% Tuesday, lifted by the announcement of a $25 billion investment in Israel.Intel’s stock INTC, +4.67% is on pace for its biggest daily percentage gain since Nov. 16, when it rose 6.8%. The S&P 500 index SPX is up 0.4% Tuesday.The chip giant’s investment comes after Intel secured $3.2 billion in incentives from Israel, according to Bloomberg. The Times of Israel reports that Intel’s $25 billion investment will support a chip-manufacturing plant in the city of Kiryat Gat that wi ...
Apple's stock heads for 4th straight loss, as it appeals Watch ban
Market Watch· 2023-12-26 22:23
Shares of Apple Inc. AAPL, -0.31% slipped 0.3% in afternoon trading, to put them on track for a fourth straight decline, after The Wall Street Journal’s report that the technology behemoth appealed a federal trade agency’s ban of two Apple Watch models because of patent violations. The stock’s decline comes despite the 0.5% rally in the tech-heavy Nasdaq 100 NDX, +0.51% and the Dow Jones Industrial Average’s DJIA, +0.48% 158-point, or 0.4% gain. The stock has lost 2.0% last week, while the Nasdaq 100 tacke ...
Emergent BioSolutions stock pulls back, after rallying last week in wake of Biden administration's endorsement of overdose medications
Market Watch· 2023-12-26 21:55
文章核心观点 - 拜登政府宣布纳洛酮等过量逆转药物将在联邦设施安全站提供且应广泛普及,此前两个交易日新兴生物解决方案公司股价上涨超11%,周二午后下跌2.8%,过去三个月该公司股价下跌26.3%,同期标普500指数上涨11.7% [1] 公司表现 - 新兴生物解决方案公司股价在过去两个交易日上涨超11%,其中上周五上涨8.3%,周二午后交易中下跌2.8% [1] - 新兴生物解决方案公司股价在过去三个月下跌26.3% [1] 行业动态 - 拜登政府宣布纳洛酮等过量逆转药物将在联邦设施安全站提供,且应在所有公共场所广泛普及 [1] 市场对比 - 同期标普500指数上涨11.7% [1]
Amgen's NDA for Lumakras cancer treatment resulted in complete response letter
Market Watch· 2023-12-26 17:26
Lumakras审查结果 - Amgen公司的Lumakras全面审查结果为“完整回复函”[1] - FDA要求进行额外研究以支持Lumakras的全面批准[1] - Lumakras的NDA基于治疗先前接受过治疗的晚期或转移性非小细胞肺癌的试验结果[1]
FedEx's stock rises after $1 billion accelerated buyback program announced
Market Watch· 2023-12-26 17:13
Shares of FedEx Corp. FDX, +0.27% climbed 0.5% in premarket trading Tuesday, after the package-delivery company announced a $1 billion accelerated share repurchase program. The ASR agreement represents about 1.6% of FedEx’s market capitalization of $61.98 billion as of Friday’s close. The company said the repurchases will be completed no later than Feb. 29. When the company reported fiscal second-quarter results last week, FedEx said it planned to buy back $1 billion worth of stock in 2024. FedEx’s stock h ...