Pfizer (NYSE:PFE) said its bivalent RSV vaccine candidate met a main goal of showing efficacy against severe disease but did not reach statistical success in the second main objective in a phase 3 trial in pregnant women who given the vaccine to help protect their infants from RSV disease after birth. The phase 3 study, dubbed MATISSE, evaluated the bivalent RSV...
Earning reports: Eli Lilly (NYSE:LLY) Q3 results beat analysts' estimates but the company lowered its FY22 outlook. Q3 non-GAAP EPS rose +12% Y/Y to $1.98, while revenue increased +2.5% Y/Y to $6.94B. The company said the revenue growth was driven by a 14% increase in volume, partially offset by a 7% decline due to lower realized prices and a 4% decrease from...
China Markets Rally After Unconfirmed Social Posts on Reopening. Chinese stocks roared back from a rout and the yuan strengthened as speculation mounted that policymakers are making preparations to gradually exit stringent Covid restrictions. The Hang Seng Tech Index jumped as much as 9.3% Tuesday, while a stock gauge tracking Chinese companies listed in Hong...
The transaction to make Twitter a private company was completed late Thursday, according to a Securities and Exchange Commission document. By Friday morning, Twitter's stock had already stopped trading on the New York Stock Exchange, where it had been listed since 2013. Next, Twitter will get a record of everyone who owned shares as of Thursday night's closing....
As What I posted on Oct 26th, I think INTC is very interesting right now, and INTC's earning proved what I was saying. As reported, "Intel shares rose as much as 7% in after-hours trading Thursday even though the semiconductor giant gave a revenue outlook that suggested sales are slowing down heading into the end of the year. Intel (INTC) said that for its...
BABA still holding its majority 58ish level, which as what I draw, it is more like a weekly or even monthly majority support for BABA. Shares of Chinese tech giants Alibaba and Tencent closed down more than 11%; search company Baidu was 12% lower while food delivery firm Meituan tanked more than 14%. However, is BABA or most China tech giants worth buying at...
As WSJ reports at Oct 26th 7pm "Banks have begun funding their $13B portion of Elon Musk's $44B deal to take over Twitter (NYSE:TWTR), the WSJ reports, as a Friday deadline to complete the transaction nears. Musk sent the required borrowing notice to the banks late Tuesday, according to the report - launching a process that will result in signed contracts and...
After Meta Platforms (NASDAQ:META) held its third-quarter earnings conference call, the stock had fallen after hours as low as $103.08 - a new low of sorts in its recent struggles, a near-21% tumble to its lowest point since February 2016. That followed a report where revenues did better than expected - admittedly, against a heavily lowered bar - but profits...