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The Latest Breaking News from Nasdaq

Why Stealth BioTherapeutics Shares Are Surging Today?

Stealth BioTherapeutics Corp (NASDAQ:MITO) presented new SBT-272 preclinical data demonstrating functional improvement in upper motor neurons with TDP-43 pathology. TDP-43 pathology plays a significant role in amyotrophic lateral sclerosis (ALS) and frontotemporal dementia (FTD). The data were presented at the Keystone Neurodegeneration Symposium. A Phase 1 study to evaluate the safety and tolerability…

Benzinga

Why Heartcore Enterprises Shares Are Soaring Today

Heartcore Enterprises, Inc (NASDAQ:HTCR) board approved a share buyback of $3.5 million. Heartcore held $13.9 million in cash and equivalents as of March 31 and used $2.4 million in operating cash flow. CEO Sumitaka Yamamoto said, "With the continuous growth of our core CMS and Digital Transformation businesses, supplemented by our latest Go IPO consulting…

Benzinga

Microsoft Goes Aggressive In Its Protest Against Russia's Ukraine Invasion - Read How

In an email accessed by Bloomberg, Microsoft Corp (NASDAQ:MSFT) disclosed materially scaling down its operations in Russia following the Russian invasion of Ukraine. Microsoft joined the likes of International Business Machines Corp (NYSE:IBM) and Apple Inc (NASDAQ:AAPL), cutting back or exiting the country after the invasion. The scaling down will affect over 400 employees. “As a result…

Benzinga

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Rigel Pharmaceuticals' Fostamatinib Flunks In Late-Stage Rare Blood Disorder Trial

Rigel Pharmaceuticals Inc (NASDAQ: RIGL) shares are falling on disappointing data from the FORWARD Phase 3 trial of fostamatinib in patients with warm autoimmune hemolytic anemia (wAIHA).

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Russia Imposes New Sanctions That Include Netflix, BlackRock, Delta Air Lines Chiefs

Russia retaliated against U.S. sanctions by imposing its own on multiple prominent American CEOs, including BlackRock, Inc (NYSE:BLK), Delta Air Lines, Inc (NYSE:DAL), Netflix, Inc (NASDAQ:NFLX), and Comcast Corp (NASDAQ:CMCSA) Universal Pictures, the Wall Street Journal reports. The sanction included U.S. administration officials and former heads of other large U.S. corporations, and executives at rating firms operated by S&P Global…

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Immunovant To Start Pivotal Batoclimab Trials In Thyroid Eye Disease Later This Year

Immunovant Inc (NASDAQ:IMVT) has aligned with the FDA Division of Ophthalmology on plans to initiate two placebo-controlled Phase 3 trials to evaluate batoclimab in thyroid eye disease (TED). Immunovant expects to initiate its Phase 3 TED program in 2H of 2022 and is expected to enroll about 100 subjects for each trial. Topline…

Benzinga

Is Netflix Exploring Acquisition Opportunities? Why Roku Stock Is Surging

Roku Inc (NASDAQ: ROKU) shares are trading higher Wednesday following a Business Insider report suggesting the company may be in talks to be acquired by Netflix

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Q1 Miss, FY22 Outlook Cut, CFO Departure: Lots Going On With Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) reported a first-quarter FY22 sales decline of 10.1% year-on-year to $406.67 million, missing the consensus of $417.24 million. Comparable store sales decreased 17.3% in Q1 versus an 18.8% increase last year. Gross profit fell 22.6% Y/Y to $141.3 million, with the margin contracting 560 basis points to…

Benzinga

Expert Ratings for Plug Power

Plug Power (NASDAQ:PLUG) has observed the following analyst ratings within the last quarter:

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What 7 Analyst Ratings Have To Say About The RealReal

Analysts have provided the following ratings for The RealReal (NASDAQ:REAL) within the last quarter:

Benzinga

Amazon To Cease Gig Economy Delivery Service In Second Largest Market

Amazon.com Inc (NASDAQ: AMZN) looks to shut down its gig economy delivery service in Germany, its second-largest market after the U.S., for undisclosed reasons,

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Moderna's Updated COVID-19 Shot Boosts Omicron Protection

Moderna Inc (NASDAQ: MRNA) has

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The Daily Biotech Pulse: FDA Adcomm Backing For Novavax's COVID-19 Shot, New Data On Moderna's Omicron Vaccine, DBV Tech's Encouraging Peanut Allergy Trial Data

Here's a roundup of top developments in the biotech space over the last 24 hours:

Benzinga

Why Cyren Stock Is Soaring Today

CYREN Ltd (NASDAQ: CYRN) shares are trading higher Wednesday after the company entered into an agreement with Content Services Group to sell all equity interests in its legacy secure email gateway business.

Benzinga

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Why Lovesac Shares Are Plunging Today

Lovesac Co (NASDAQ:LOVE) reported first-quarter FY23 sales growth of 56% year-on-year to $129.4 million, beating the consensus of $115.02 million. Comparable sales grew 42.2%. The gross profit rose 43.5% Y/Y to $66.1 million, with the margin contracting 450 basis points to 51.1%. The operating expenses climbed 44.8% Y/Y to $63.5 million. The operating…

Benzinga

EXCLUSIVE: Top 100 Insurer In Pact With SOBRsafe For Sponsored Customer Pilots

SOBR Safe Inc (NASDAQ: SOBR) has signed an agreement with a Top 100 Property & Casualty insurance company to conduct two pilot tests with last-mile fleet customers, as paid for by the insurer.

Benzinga

Amazon Calls For Support From Third-Party Sellers Against Antitrust Legislation

Amazon.com, Inc (NASDAQ: AMZN) is urging its third-party sellers to oppose an antitrust bill, which it says could “jeopardize” the company’s ability to operate its service.

Benzinga

Is Tesla Warming To Radar Once Again?

Tesla, Inc. (NASDAQ: TSLA), which has shunned radar and instead pledged allegiance to camera vision, is seemingly rethinking its strategy.

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Why DocuSign Stock Is Rising Today

DocuSign Inc (NASDAQ: DOCU) shares are trading higher Wednesday after the company announced an expanded partnership with Microsoft Corp (NASDAQ: MSFT).

Benzinga

Kingsoft Cloud Tops Q1 Aided By Growth In Gross Billings From Core Cloud Services; Issues Cautious Outlook

Kingsoft Cloud Holdings Limited (NASDAQ:KC) reported first-quarter FY22 revenue growth of 19.9% year-on-year to $342.9 million, beating the consensus of $312.2 million. Revenues from public cloud services remained stable Y/Y at $217.8 million, and enterprise cloud services increased 88.7% Y/Y to $125 million. EPS loss was $(0.02) or RMB(0.15) versus EPS of RMB0.11…

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

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CNBC's Final Trades: Starbucks, Johnson & Johnson, Union Pacific And This Way To Gain Exposure To Gold

On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower said Starbucks Corporation’s (NASDAQ: SBUX) U.S.

Benzinga

Executives Sell More Than $61M Of 4 Stocks

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

You Could Soon Get A Cheaper Chromecast From Google

A new device, illustrated in a Federal Communications Commission filing, by Google parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) could be a cheaper version of Chromecast.

Benzinga

Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

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