The Latest Breaking News from Nasdaq

Although the Dow Jones dropped more than 700 points on Thursday, there were a few notable insider trades.

Addex Therapeutics Ltd (NASDAQ:ADXN) has terminated the Phase 2b/3 study of dipraglurant for dyskinesia associated with Parkinson's disease (PD-LID) due to the slow recruitment of patients.  Data readout from the trial was expected in 1H of 2023. The company attributes this to the consequences of COVID-19-related patient concerns about participation in studies, staffing…

LAVA Therapeutics N.V. (NASDAQ:LVTX) hosted a clinical update call focused on initial Phase 1/2a data for LAVA-051 in patients with chronic lymphocytic leukemia (CLL) and multiple myeloma (MM) at the American Society of Clinical Oncology and European Hematology Association meetings. "Although preliminary, these data support our view of LAVA-051 as a promising candidate…

Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) entered into a Revenue Interest Financing Agreement with HealthCare Royalty Partners for a total investment of $100 million.  Rhythm intends to use the proceeds to support global commercialization efforts for its newly approved Imcivree (setmelanotide) and ongoing clinical development. With this new approval, Imcivree is indicated for chronic weight management…

Arrival SA (NASDAQ:ARVL) and Enel Group's global business line, Enel X, have entered into a partnership to test the zero-emission battery-electric bus in Italy. The collaboration aims to foster the growth of electrified public transport globally through high-performance and competitive solutions. The tests will be carried out by Enel X in Italy, at the…

Intel Corp's (NASDAQ: INTC) product misstep woes are likely to return to haunt the company, casting more clouds over its turnaround efforts.

Tesla Inc (NASDAQ: TSLA) is sending untrained employees to service centers to address issues as its customer fleet grows much faster than the service infrastructure, Electrek.com 

Gainers Athersys, Inc. (NASDAQ: ATHX) rose 48.5% to $0.4755 in pre-market trading after dropping more than 12% on Thursday.

Pre-open movers U.S. stock futures traded higher in early pre-market trade after the Dow Jones dipped more than 700 in the previous session. The Federal Reserve raised interest rates by 0.75% on Wednesday.

Indian social media app ShareChat, which counts Twitter Inc (NYSE: TWTR) and Snap Inc (NYSE: SNAP) among its investors, recently raised $520 million in a multi-tranche funding round.

Beijing-headquartered e-commerce giant JD.com Inc (NASDAQ: JD) is mulling a possible foray into the food delivery business, posing an intense competition for its Chinese peers Meituan (OTC: MPNGF) and Alibaba Group