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The Latest Breaking News from Nasdaq

Seagen Posts Encouraging Data From Tucatinib Combo Trial In Colorectal Cancer

Seagen Inc (NASDAQ:SGEN) announced topline results from phase 2 MOUNTAINEER trial investigating Tukysa (tucatinib) in combination with trastuzumab in previously treated HER2-positive metastatic colorectal cancer (mCRC) patients. Trastuzumab is sold under the name Herceptin by Genentech, a unit of Roche Holdings AG (OTC:RHHBY). Data from this trial will form the basis of a planned supplemental…

Benzinga's Top Ratings Upgrades, Downgrades For May 23, 2022

Benzinga's Top Ratings Upgrades, Downgrades For May 23, 2022

Starbucks Closes Russia Business Permanently: WSJ

Starbucks Closes Russia Business Permanently: WSJ

Starbucks Corp (NASDAQ:SBUX) is shutting down its business in Russia, the Wall Street Journal reported. The coffee giant has decided to permanently close operations in its 130 stores and would no longer have an operation in Russia. The company had suspended its licensee's Russian business on March 8. The report noted the company…

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Mid-Morning Market Update: Markets Mixed; Broadcom In Talks To Buy VMWare

U.S. stocks traded mixed this morning, with the Dow Jones gaining around 250 points on Monday.

Why Kala Pharmaceuticals Shares Are Rising Today

Kala Pharmaceuticals Inc (NASDAQ: KALA) shares are trading higher after the company said it would sell its EYSUVIS and INVELTYS treatments for $60 million.

Mirum Pharma Acquires Its Licensing Partner In Cash and Stock

Mirum Pharmaceuticals Inc (NASDAQ:MIRM) has acquired Satiogen Pharmaceuticals Inc in a cash and stock deal. The deal consideration includes 841,792 shares, 199,993 of which are subject to the achievement of a milestone, and approximately $2.8 million in cash. Mirum will wholly own the Satiogen subsidiary, which will receive a 2% royalty. Satiogen was an…

Capstone Distributor Secures Six Orders For C65 Microturbines

Cal Microturbine, Capstone Green Energy Corp's (NASDAQ:CGRN) exclusive distributor for California, Hawaii, Nevada, Oregon, and Washington, has secured six orders for C65 microturbines throughout the state of California. Financial terms were not disclosed. The 16 C65 units will be installed for customers in the agriculture, oil and gas, and hospitality industries. The systems are…

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Innoviva Acquires AstraZeneca-Spin Off At $2.20/Share

Innoviva Acquires AstraZeneca-Spin Off At $2.20/Share

Innoviva Inc (NASDAQ:INVA) has agreed to acquire Entasis Therapeutics Holdings Inc (NASDAQ:ETTX) at $2.20 per share in cash. Innoviva currently owns approximately 60% of the outstanding shares of Entasis common stock. The acquisition consideration values Entasis' equity at $113 million on a fully diluted basis. "This acquisition will build upon our overall strategy to acquire differentiated,…

Catalyst Biosciences Stock More Than Doubles After Assets Sale To Vertex

Catalyst Biosciences Stock More Than Doubles After Assets Sale To Vertex

Catalyst Biosciences Inc (NASDAQ:CBIO) has agreed to sell its portfolio of protease medicines that regulate complement to Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) for $60 million. "This sale is part of the ongoing strategic process that we announced in February to explore alternatives and create value for shareholders. We have significantly reduced our cash burn and continue…

Why Nymox Pharma Shares Sinking to 52-Week Low?

Why Nymox Pharma Shares Sinking to 52-Week Low?

Nymox Pharmaceutical Corporation (NASDAQ:NYMX) has received a Refusal to File (RTF) letter from FDA regarding its marketing application for Fexapotide Triflutate. Nymox's position is that clarifications remain to be resolved at a follow-up meeting and that some significant inconsistencies were involved. In March, the company submitted a Fexapotide Triflutate application for benign prostatic…

DiDi Investors To Vote On US Delisting

DiDi Investors To Vote On US Delisting

DiDi Global Inc (NYSE:DIDI) shareholders will vote to delist from the NYSE to get its services back on to Chinese app stores for the first time in almost a year. The plan to delist comes almost a year after the company pushed ahead with a $4.4 billion initial public offering in the U.S.…

Here's Why Analysts Are Bullish On Zoom Despite Selloff

Here's Why Analysts Are Bullish On Zoom Despite Selloff

Analysts believe that the Zoom Video Communications, Inc (NASDAQ: ZM) selloff may have gone too far.

Why Catalyst Biosciences Shares Are Skyrocketing Today

Why Catalyst Biosciences Shares Are Skyrocketing Today

Catalyst Biosciences Inc (NASDAQ: CBIO) shares are trading higher by 180.26% at $1.06 after the company announced it sold its complement portfolio for $60 million.

Why SIGA Technologies Stock Is Surging

Why SIGA Technologies Stock Is Surging

SIGA Technologies Inc (NASDAQ: SIGA) shares are trading higher Monday morning following increased social media interest amid elevated concerns surrounding a monkeypox outbreak.

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This Day In Market History: Netflix Goes Public

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On May 23, 2002, Netflix, Inc. (NASDAQ: NFLX) went public.

Ideanomics To Support Coast Counties Peterbilt's Transition To Electric Fleet Vehicles - Read How

Ideanomics Inc (NASDAQ:IDEX) has signed an agreement with Coast Counties Peterbilt to deploy and operate energy and charging solutions at Coast Counties' truck dealerships in California. Financial terms were not disclosed. GridMarket facilitated the project, and Ideanomics was selected as an implementation partner through the GridMarket platform. The agreement includes a Power Purchase…

4 Analysts Have This to Say About Horizon Therapeutics

Horizon Therapeutics (NASDAQ:HZNP) has observed the following analyst ratings within the last quarter:

Expert Ratings for Autodesk

Analysts have provided the following ratings for Autodesk (NASDAQ:ADSK) within the last quarter:

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FDA Removes Clinical Hold On Ocugen's COVID Vaccine Trial

The FDA has lifted the clinical hold on Ocugen Inc's (NASDAQ:OCGN) Phase 2/3 trial, OCU-002, for Covaxin (BBV152), a whole virus inactivated COVID-19 vaccine candidate. In April, the agency paused the trials of the shot, Covaxin, after an inspection of a Bharat Biotech facility by the World Health Organization (WHO) revealed deficiencies…

Twitter, Meta See NY State Comptroller's Anger For Inadequate Content Moderation

New York State Comptroller Thomas DiNapoli has sought votes against directors at Twitter Inc (NYSE:TWTR) and Facebook parent Meta Platforms Inc (NASDAQ:FB) at their upcoming annual meetings, Reuters reports. Twitter and Meta's failure to tackle harmful content, including a mass shooting in Buffalo, N.Y., has led to the call. Thomas DiNapoli, who oversees New York's pension…

Tesla AI Director Avoids An 'Almost Certain Collision' Thanks To Autopilot

Tesla, Inc.'s (NASDAQ: TSLA) Autopilot self-driving feature has come under criticism from several quarters for not being safe enough.

5 Stocks To Watch For May 23, 2022

Some of the stocks that may grab investor focus today are:

Broadcom In Talks To Buy Cloud Computing Firm VMWare: Report

Broadcom Inc (NASDAQ: AVGO) is reportedly in discussions to take over cloud computing company VMWare Inc (NYSE: VMW).

Tesla Drops To Number 2: Is Cathie Wood's Ark Invest Losing Confidence In Its Favorite Stock?

Tesla, Inc. (NASDAQ: TSLA) stock has been going downhill since peaking in early November 2021.

Elon Musk Slams Old Clinton Campaign Tweet, Calls It A Hoax

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk continues to share his political viewpoints with his followers. His latest comments come after a Twitter user flagged an old Hillary Clinton tweet saying it is misleading disinformation.

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