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Bausch & Lomb’s stock soars 9% after earnings beat
Bausch & Lomb Corp.’s stock soared 10% early Wednesday after the eye-care company reported adjusted fourth-quarter profit that topped estimates and offered upbeat revenue guidance…
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Tesla Stock Unfazed by Another Car Recall. Here’s Why.
A Tesla Model X. Some 54,676 of the vehicles have been recalled. Krisztian Bocsi/Bloomberg Tesla is recalling more vehicles. For…
Nvidia, VMware, VF Corp., Bank of America, Lucid, Wyndham, and More Market Movers
The Biden administration said it would be tightening its restrictions on exports of artificial intelligence chips, like those produced by…
J&J’s stock rallies after profit and sales rise above expectations, full-year outlook increased
Shares of Johnson & Johnson JNJ, -0.91% rallied 0.8% in premarket trading Tuesday, after the drug maker and medical technology…
Gilead to pay Assembly Bio an initial $100 million as part of 12-year partnership to develop antiviral drugs
Gilead Sciences Inc. GILD, +1.62% announced Tuesday a 12-year partnership Assembly Biosciences Inc. ASMB, +72.18% to develop antiviral therapies, with…
Lockheed Martin posts better-than-expected Q3 earnings
Lockheed Martin Corp. LMT, +0.16% said Tuesday it had net income of $1.7 billion, or $6.73 a share, in the…
Evelo Biosciences to review options after Phase 2 trial of psoriasis treatment fails to meet main goal
Evelo Biosciences Inc. EVLO, -58.76% said Tuesday it’s reviewing its strategic options and exploring partnerships after a Phase 2 study…
Tupperware’s stock shoots up after CEO Fernandez replaced, board ‘refreshed’
Shares of Tupperware Brands Corp. got a big boost Tuesday, after the food-storage container company replaced Chief Executive Miguel Fernandez…
Bitcoin ETFs are not approved yet, but analysts think they could become a reality in January
A false report that the U.S. approved a crypto-based exchange-traded fund led to a bitcoin price rally Monday. However, such…
Johnson & Johnson beats earnings estimates and downplays obesity drugs’ impact on its med-tech business
Johnson & Johnson on Tuesday posted better-than-expected third-quarter earnings and raised its profit guidance while downplaying concerns about how popular…
Why the ‘Halloween Indicator’ could trick stock investors this year
The U.S. stock market’s “Halloween Indicator” will be more trick than treat over the next six months. I’m referring to…
Companies Need To Get Serious About Materiality
The days of the aspirational, marketing-driven corporate sustainability report are dead. In their place, consumers, investors, and regulators now expect…
Bank of America’s profit climbs 10%, boosted by interest rates and loans
Bank of America Corp. on Tuesday said an increase in clients and accounts across its business helped boost its third-quarter…
This ‘Boring’ Market Is Our Key To 10% Dividend Payouts
Way too many financial writers have been decrying this market “pullback” we’ve seen in the last few months … but…
Goldman Sachs beats Wall Street’s lowered earnings expectations
Goldman Sachs Group Inc. reported a lower third-quarter profit but managed to beat reduced earnings expectations on record revenue in…
Bitcoin Rises as Traders Bet on Crypto ETF Approvals. How High Prices Could Go.
Bitcoin prices have broken out of a stagnant trading range around $26,000. Dreamstime Bitcoin and other cryptocurrencies gained Tuesday as…
Buybacks Become Too Big To Ignore
Key News Asian equities were higher on light volumes as investors kept an eye on the Middle East. Ten state-owned-enterprises…
Rite Aid’s bonds sell off after bankruptcy filing as stock is halted
Bonds issued by troubled drugstore chain Rite Aid Corp. sold off on Monday, after the company filed for bankruptcy, facing billions…
Choice Hotels launches hostile bid to acquire Wyndham Hotels for $90 per share
Choice Hotels International Inc. is launching a hostile bid to acquire Wyndham Hotels & Resorts Inc., sending Wyndham’s stock rising…