Investing.com — Shares of Ironwood Pharmaceuticals (NASDAQ:) soared by as much as 32% today, following a significant development in the biotech sector that could indirectly benefit the company. Zealand Pharma (NASDAQ:) A/S, another player in the industry, received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) regarding their New Drug Application (NDA) for glepaglutide, a treatment for short bowel syndrome (SBS). The FDA has requested an additional clinical trial to confirm the efficacy and safety of the drug. The FDA’s decision impacts Zealand Pharma’s plans for glepaglutide, which had shown promise in a Phase 3…
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Investing.com — Shares of Cable One climbed as much as 4.9% today, marking the most significant intraday rise since November 25, following the company’s announcement of an amended partnership agreement with Mega Broadband Investments (MBI), a provider of broadband services in various regions of the United States. The updated agreement grants Cable One enhanced control over the timing of its potential acquisition of the remaining 55% interest in MBI, which it does not currently own. According to the company’s statement, the acquisition will not take place before October 1, 2026, unless Cable One decides to proceed with the transaction earlier.…
As a result of these considerations, Stifel has significantly reduced its estimates for Nike (NYSE:), but continues to hold a neutral stance on the stock, awaiting better visibility on the company’s stabilization efforts before adopting a more positive outlook. The new price target of $75 is based on a 26 times price-to-earnings (P/E) ratio on Stifel’s estimated EPS of $2.88 for the fiscal year 2027 (FY27). For deeper insights into Nike’s valuation and future prospects, including exclusive analyst coverage and comprehensive financial health scores, investors can access the full Pro Research Report available on InvestingPro. For deeper insights into Nike’s…
Processa Pharmaceuticals Inc. (PCSA) shares tumbled to a 52-week low, touching down at $0.85, with the micro-cap pharmaceutical company now valued at just $2.94 million. InvestingPro analysis indicates the stock is trading below its Fair Value, despite maintaining a healthy current ratio of 3.97. This latest price point marks a significant downturn for the company, which has experienced a precipitous 1-year change, plummeting by -87.67%. Investors have watched the stock decline steadily over the past year, culminating in this new low, which has raised concerns about the company’s future performance and market position. The sharp decrease reflects broader market trends…
Shares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing. Trump transferred all of his nearly 115 million shares — worth around $4 billion on paper — in the parent company of social networking site Truth Social as a “bona fide gift” to the Donald J. Trump Revocable Trust, the Securities and Exchange Commission filing on Thursday said. Trump’s shares amount to more than half of the company’s stock. It’s not clear why Trump transferred the stock. Donald Trump Jr.…
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea’s Samsung Electronics (KS:) and up to $1.61 billion for Texas Instruments (NASDAQ:) to expand chips production. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of up to $6.4 billion and reflects its revised smaller investment plans, the department said. A Commerce spokesperson said the department “changed this award to align with market conditions and the scope of the investment the company is making. Samsung feels that this award…
Carbon registry Isometric has become the first to receive a formal endorsement from the three most prominent verification bodies in the carbon market space.Following accreditations from ICROA in March and a conditional approval from ICAO (the issuer of CORSIA units) earlier in December, last week saw the ICVCM also grant its approval.With the latter Isometric will now be able to issue credits with the coveted Core Carbon Principles label that buyers see as a sign of trustworthiness.Speaking with Carbon Herald Isometric’s Chief Commercial Officer Lukas May commented on the achievement by saying: “I think increasingly, over the last 12 months,…
Carbon registry Isometric has become the first to receive a formal endorsement from the three most prominent verification bodies in the carbon market space.Following accreditations from ICROA in March and a conditional approval from CORSIA earlier in December, last week saw the ICVCM also grant its approval.With the latter Isometric will now be able to issue credits with the coveted Core Carbon Principles label that buyers see as a sign of trustworthiness.Speaking with Carbon Herald Isometric’s Chief Commercial Officer Lukas May commented on the achievement by saying: “I think increasingly, over the last 12 months, companies are looking to the…
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominate transactions on it, alleging that the firms failed to properly investigate fraud complaints or give victims reimbursement.The CFPB said customers of the three banks — JPMorgan Chase, Bank of America and Wells Fargo — have lost…
Walmart was the first U.S. retailer to make a zero-emissions commitment by 2040, without relying on carbon offsets. However, the company’s latest news release revealed that the retail giant is most likely to miss its greenhouse gas emissions targets. It aimed to cut absolute scope 1 and 2 GHG emissions by 35% by 2025 and by 65% by 2030 from 2015 levels. But these numbers now look foggy. The company revealed, “We anticipate achieving our near-and mid-term emissions reduction targets later than our 2025 and 2030 target dates.” Walmart’s Operational Emissions: Gains and Setbacks By the end of 2023, Walmart…