Gilead says its COVID-19 drug can help reduce deaths, shorten hospital stays
Gilead Sciences Inc. (GILD, -0.14%) reported on Tuesday that its COVID-19 drug, remdesivir, marketed as Veklury, can help reduce deaths and readmission rates among patients hospitalized with COVID-19 who received the drug shortly after their hospital admission. This finding was based on three studies, and it was observed regardless of disease severity and variant. The […]
Applied materials is in the semiconductor sweet spot
Applied Materials (NASDAQ:AMAT) is a company that is in the sweet spot of the two narratives within the semiconductor industry. On one hand, there is spotty activity due to oversupply and sluggish demand in end-markets such as gaming and consumer products. On the other hand, there is a shift towards next-generation technology. Applied Materials is […]
Crypto miner Hive Blockchain posts wider losses, cites Ethereum Merge
Vancouver-based cryptocurrency mining firm Hive Blockchain Technologies Ltd. reported bigger losses in its latest quarterly earnings report published Tuesday. The net loss of US$90 million in the quarter that ended on Dec. 31 was a stark contrast to the net income of US$51.2 million in the same period the year prior. The company attributed this […]
Citigroup trims cash incentive, boosts stock portion for CEO Jane Fraser
Citigroup Inc. (C) announced late Tuesday that it was making changes to its Chief Executive Jane Fraser’s compensation package for 2022. The total pay package for 2022 is $24.5 million, which includes a flat base salary of $1.5 million and a total incentive award of $23 million. The company said that its compensation committee had […]
Retreats towards 134.00 key support
The USD/JPY pair has been on a bullish run for the past three days, but it seems the bulls have taken a breather as the pair drops to 134.70 and is currently printing mild losses. This is the first time in four days that the Yen pair is experiencing a pullback and the overbought RSI […]
Crypto Exchange Huobi Plans to Secure Crypto License in Hong Kong
Cryptocurrency exchange Huobi is making moves to secure a crypto license in Hong Kong. The exchange is applying for a license to serve retail clients, and plans to extend its services to Hong Kong under the new system which requires crypto exchanges to register with the Hong Kong Securities and Futures Commission (SFC). Huobi is […]
Cummins sees its Atmus Filtration business file for an IPO
Cummins Inc., a global power leader in the design, manufacture, sale, and service of diesel and natural gas engines, components, and power systems, announced on Tuesday that its filtration business, Atmus Filtration Technologies, has filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). The company is looking […]
USD/CHF attempts a break above 0.9280 as risk-off mood solidifies ahead of FOMC minutes
The USD/CHF pair is showing strength to deliver a break above 0.9280 in the early Asian session, despite the risk-off sentiment in the markets. The Swiss Franc asset is struggling to deliver more gains amid the risk aversion theme. An upbeat preliminary United States S&P PMI (Feb) data has cleared that the economic activities are […]
Pet-care firm Wag shares jump 30% on boosted outlook — and management expects return to office to pad financials
Shares of Wag Group Co. (PET) experienced a significant surge in its stock price after the company reported a surprise fourth-quarter profit and raised its full-year outlook. The company’s stock price rose by 30% in after-hours trading on Tuesday, despite the fact that it had previously been trading down by 4.17%. Wag Group Co. is […]
What’s Next For Solana As The Coin Witnesses Bearish Momentum?
Solana is a blockchain-based platform that enables users to build decentralized applications. It is a cryptocurrency that has recently experienced a surge in price, but at the moment, the price has become consolidated. With Bitcoin staying below the $25,000 belt, altcoins have been experiencing congested price action below their immediate price ceilings, including Solana. The […]