Shares of biopharmaceutical company Incyte Corporation (NASDAQ:INCY) fell 15.2% in the pre-market session after the company released phase three trial data for a skin condition treatment, which fell below Wall Street's expectations. According to the data, the drug was effective for less than half of the participants who took it in the trials.
Shares of young adult apparel retailer American Eagle Outfitters (NYSE:AEO) jumped 7.1% in the afternoon session after the company announced it would buy back up to $200m of its common stock. This represents approximately 18.1 million shares, at the closing price on March 14, 2025, or roughly 9.5% of the company's fully diluted outstanding stock. This announcement underscored management's focus on returning the value generated by the business to its shareholders.
Berkshire Hathaway increased its holdings in Japan's five biggest trading houses after agreeing to gradually lift its holdings beyond 10%.
Yang Ming Transport Corp. said the Red Sea crisis and emerging Asian markets helped profit soar by nearly $2 billion in 2024. The post Yang Ming profit soars on Red Sea diversions, emerging Asia markets appeared first on FreightWaves.
Palantir shares were down slightly Monday after gaining ground last week for the first time in four weeks. Monitor these key support and resistance levels.
(Bloomberg) -- One fund is taking on a cheap long-shot bet that Brent crude will climb toward $100 a barrel amid revived tensions in the Middle East, even as industrywide pessimism saw banks across Wall Street revising price forecasts lower. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for F
Amid the race to secure mineral deposits—including in Ukraine and Greenland—the smartest players see a different opportunity.
Changpeng Zhao (CZ), the former CEO of Binance, has made a forecast for the crypto world, suggesting that just a tiny percentage will succeed in the long run.
Shares of Sprouts Farmers Market rose Monday as Wall Street's outlook for the grocer's stock turned a bit greener.
