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Denali Outperforms Industry in 3 Months: Here's Why
2024 Jun 28, 11:46am | 928Denali Therapeutics Inc. (NASDAQ: DNLI) is having a good run in 2024. Shares of this biopharmaceutical company have risen 11.9% in the past three months against the industry's decline of 6%. Denali is developing a broad portfolio of product candidates engineered to cross the blood-brain barrier...
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BlackBerry Q1 Earnings Beat Estimates, Revenues Down Y/Y
2024 Jun 27, 3:55pm | 909BlackBerry Limited (NYSE: BB) reported first-quarter fiscal 2025 (ended May 31) adjusted loss per share of 3 cents, narrower than the company's estimate of a loss per share of 4-6 cents. In the year-ago quarter, it reported non-GAAP earnings of 6 cents per share. The Zacks Consensus Estimate...
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Beam Therapeutics Begins Dosing in Phase I/II AATD Study
2024 Jun 27, 2:47pm | 629Beam Therapeutics Inc. (NASDAQ: BEAM) announced that it has dosed the first patient in the phase I/II study, evaluating its investigational in vivo base editing therapy, BEAM-302, for the treatment of alpha-1 antitrypsin deficiency (AATD). The open-label, dose-escalation study will investigate the...
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Dr. Reddy's to Acquire Haleon's Nicotine Addiction Drug
2024 Jun 27, 2:46pm | 863Dr. Reddy's Laboratories (NYSE: RDY) has announced a definitive agreement with Haleon plc (NYSE: HLN) to acquire its global portfolio of consumer healthcare brands in the Nicotine Replacement Therapy category, excluding the United States. The impending acquisition will add Nicotinell...
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Charles River's RMS Growth Aids Amid FX Headwind
2024 Jun 27, 2:45pm | 949Charles River Laboratories' (NYSE: CRL) Research Models and Services (RMS) business continues to benefit from the Charles River Accelerator and Development Labs (CRADL) initiative. Yet, the global business environment remains challenging, denting the company's growth. The stock carries a...
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FedEx Q4 Earnings Surpass Estimates
2024 Jun 26, 12:57pm | 646FedEx (NYSE: FDX) came out with quarterly earnings of $5.41 per share, beating the Zacks Consensus Estimate of $5.34 per share. This compares to earnings of $4.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.31...
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Roche's Ocrevus Subcutaneous Gets European Commission Nod
2024 Jun 26, 12:06pm | 873Roche (OTC: RHHBY) announced that the European Commission has granted marketing authorization to the subcutaneous formulation of relapsing multiple sclerosis (RMS) and primary progressive multiple sclerosis (PPMS) drug Ocrevus (ocrelizumab). The approval is based on pivotal data from the late-...
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GE HealthCare's New Tie-Up to Boost CVD Workflow
2024 Jun 26, 12:05pm | 794GE HealthCare Technologies Inc. (NASDAQ: GEHC), along with Heart Hospital of New Mexico at Lovelace Medical Center (HHNM), announced HHNM as the first location in the United States to install GE HealthCare's latest Allia Image Guided System Pulse. The Allia IGS Pulse system is expected to...
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MillerKnoll to Report Q4 Earnings: What's in Store?
2024 Jun 26, 12:04pm | 653MillerKnoll, Inc. (NASDAQ: MLKN) is set to release its fourth-quarter fiscal 2024 results on Jun 26, 2024, after market close. In the last reported quarter, the company's earnings topped the Zacks Consensus Estimate by 2.3% but decreased 16.7% year over year. However, net sales missed the...
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Mosaic Gains on Strong Demand Amid Soft Fertilizer Pricing
2024 Jun 26, 11:21am | 735The Mosaic Company (NYSE: MOS) is gaining from healthy demand for phosphate and potash and actions to improve its cost structure amid headwinds from weaker fertilizer prices. The company's shares are down 15.5% over a year compared with a 17.4% decline recorded by its industry. Image Source:...
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Agnico Eagle Bumps Up Stake in Maple Gold Mines to 19.9%
2024 Jun 25, 3:13pm | 679Agnico Eagle Mines Limited (NYSE: AEM) acquired 33,821,842 Maple Gold Mines Ltd. (OTC: MGMLF) common shares for 8.5 cents per share, totaling approximately C$2.87 million. Shares were purchased from several sellers who had acquired them through a flow-through Common Shares offering by Maple....
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Mosaic's April and May Sales Volume and Revenues Down
2024 Jun 25, 3:12pm | 652The Mosaic Company (NYSE: MOS) disclosed its combined sales volumes and revenues by business unit for April and May 2024. During this period, potash sales volume reached 1,314,000 tons, down from 1,617,000 tons reported in the year-ago period. Revenues dropped to $371 million from $672 million...
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Illumina Rises on Conclusion of GRAIL Divestment
2024 Jun 25, 3:10pm | 1086Following three years of nonstop regulatory hassles, Illumina (NASDAQ: ILMN) finally gave up on GRAIL (NASDAQ: GRAL), leading to the successful completion of its spin-off yesterday. Following the announcement, shares of Illumina rose 1.5% at yesterday's close and also edged up 0.1% during the...
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BASF-Encina Announce Long-Term Recycled Benzene Deal
2024 Jun 24, 3:57pm | 635BASF SE (OTC: BASFY) and Encina Development Group, LLC, an ISCC PLUS certified circular chemicals manufacturer, announced a long-term supply agreement for chemically recycled circular benzene derived from post-consumer end-of-life plastics. This marks a significant move in sustainable sourcing, as...
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How Did the Weekly EIA Data Impact the Natural Gas Market?
2024 Jun 24, 1:15pm | 1132The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased more than expected. The bearish inventory numbers affected natural gas futures, which settled with a loss week over week. However, signs of production pullback, resurgence of LNG exports, and...
Coverage of Earnings Beats.