Lilly to cut price of insulin for people with commercial health insurance
Eli Lilly & Co. LLY announced on Wednesday that it is taking steps to reduce the cost of insulin for those with commercial health insurance. The company is capping out-of-pocket insulin costs at $35 for people with commercial health insurance at certain retail pharmacies, and is also lowering the prices of all its insulins. In […]
S&P 500 Index to find a floor above 200-DMA and 38.2% retracement support at 3940/27 – Credit Suisse
The S&P 500 has recently fallen to a key support level at the 200-Day Moving Average and the 38.2% retracement of its rally at 3940/27. The strategists at Credit Suisse are optimistic that this could be a temporary setback and remain biased to look for a floor here. In order to add weight to the […]
Market cap of AI cryptocurrencies hits $4 billion following $1.6 billion of inflows in a month
The value of artificial intelligence (AI) cryptocurrencies has been on the rise in recent times as more and more investors are becoming interested in the sector. This is mainly due to the initial success of the text-based platform ChatGPT, which has triggered increased development in the AI space. This has resulted in an inflow of […]
Novavax stock sheds a quarter of its value as vaccine maker’s business in ‘substantial doubt’
Novavax Inc. shares fell drastically in the extended session on Tuesday after the biotechnology drug maker reported a much higher loss than analysts had anticipated and restructured with concerns that it may not be able to stay in business for another year. The company stated that their current cash flow forecast for the one-year “going […]
FX option expiries for Mar 1 NY cut
Foreign exchange (FX) options expiries for March 1 New York cut at 10:00 Eastern Time, via the Depository Trust & Clearing Corporation (DTCC), are listed below. For EUR/USD, the expiries are for EUR amounts of 1.0425 with 1.7 billion, 1.0450 with 793 million, 1.0500 with 1.8 billion, 1.0590 with 1.2 billion and 1.0690 with 1.4 […]
Sarepta stock surges more than 10% as results top expectations, drug given priority review
Sarepta Therapeutics Inc. (SRPT) saw its shares rally in the extended session on Tuesday, after the biotech drug maker reported better-than-expected results and announced that the U.S. regulators had granted a priority review status for its muscular dystrophy drug candidate SRP-9001. The company’s shares surged as much as 14% after the closing bell, following a […]
Solana Will Improve Network Upgrades to Improve Stability
Solana Labs is taking steps to ensure network reliability and uptime by making improvements to its software upgrade process, co-founder Anatoly Yakovenko announced on Tuesday. The changes come in response to issues that arose from the 1.14 network update, which focused on improving speed and scale. “Delivering a fast, reliable and scalable network in order […]
Monster Beverage stock dives 6% as earnings and sales miss, stock split and price increases planned
Monster Beverage Corp. shares saw a sharp decline of 6% in after-hours trading on Tuesday, following the release of the company’s holiday earnings and sales figures which were lower than Wall Street’s expectations. On top of this, executives from the energy-drink company announced plans for price increases and a stock split. Monster reported fourth-quarter earnings […]
Easy monetary policy is important for the time being, supports economy
On Wednesday, Bank of Japan (BoJ) board member Junko Nakagawa is making his scheduled speech, noting that “easy monetary policy is important for the time being, as it supports the economy.” The board member further stated that the BoJ will maintain their easy policy while taking steps to curb any potential side-effects. Nakagawa noted that […]
Israel’s Tel Aviv Stock Exchange Applies for Crypto Trading License
Israel’s Tel Aviv Stock Exchange (TASE) has recently taken a step towards facilitating crypto trading on its platform. On Monday, February 27, the exchange published a draft seeking approval from regulators to expand the authorized activities of Non-Banking Members (NBMs) to include trading in digital assets. The license proposed by TASE would allow customers to […]