Nektar stock drops more than 30% after study involving lupus treatment will not go forward
Shares of Nektar Therapeutics (NKTR) plummeted more than 30% in after-hours trading on Thursday, following the biopharma company’s announcement that a study had failed to meet its goals and that partner Eli Lilly & Co. (LLY) had decided not to proceed with a Phase 3 development of the investigational treatment known as REZPEG. The study […]
#CryptoLover Activity Has Now Concluded
Fellow Binancians, We are delighted to announce that the #CryptoLover Activity has now concluded. All the participants should have received an email from us with a unique Binance Gift Card redemption code. The users can claim the Gift Card rewards on the Binance App or website. To redeem the Gift Card on the Binance App, […]
XAU/USD faces heat around $1,830 as USD Index attempts recovery
Gold price (XAU/USD) is facing some resistance while extending its recovery above $1,828.00 in the Asian session. The downside pressure in the precious metal is strong as the US Dollar Index (DXY) has attempted a recovery after a correction to near 104.10. The risk-on impulse has retreated and the investors are shifting back to the […]
Sweetgreen stock wilts after results, outlook disappoint
Sweetgreen Inc. (SG) shares dropped in after-hours trading on Thursday following the release of their fourth-quarter results and outlook. The plant-based fast-food chain’s stock fell 9% after closing at $9.29 with a 4.7% decline during regular trading. The company reported a net loss of $49.3 million, or 44 cents per share, for the fourth quarter […]
Resilient Bitcoin Rebounds Above $24K Despite Investors’ Inflation, Labor Market Concerns
Good morning. Today, the cryptocurrency market is showing mixed signals with some tokens rising and others falling. Bitcoin, however, is showing resilience and is trading at $24,052, down 0.4% over the past 24 hours but well off its earlier week high over $25,000. This is encouraging news for investors who have seen the largest cryptocurrency […]
American Airlines former CEO Doug Parker to retire from board
American Airlines Group Inc. (AAL) announced on Thursday that Doug Parker, the airline’s former chief executive, will be retiring from his position as chairman on April 30. He will be replaced by Greg Smith, who joined the board in January 2022 after more than three decades at Boeing Co. (BA). Ray Robinson and Jim Albaugh […]
GBP/JPY skids below 162.00 even as BoJ Governor Nominee Ueda defends easy money policy
The GBP/JPY pair is trading lower near the mid-161.00s as the Japanese Yen remains firmer across the board. This comes despite the incoming Bank of Japan (BoJ) Governor Kazuo Ueda’s defense of the easy money policy. Japan inflation came in mixed but yields retreated from the multi-day top. Japan’s nominee for the new central bank […]