The Latest Breaking News from Nasdaq

Peloton Interactive Inc (NASDAQ: PTON) shares have been on a downhill ride over the last year. The connected fitness company has cut back production of some of its products, trimmed 20% of its workforce and hired a new CEO to try to turn things around.

Analysts at Bloomberg have determined a few reasons why Ethereum (CRYPTO: ETH) is gaining an upper hand over the Nasdaq 100.

The Walt Disney Co (NYSE:DIS) is launching a cheaper, ad-supported tier of its Disney+ streaming service in the U.S. in late 2022. It also aims to expand internationally in 2023. Disney would be joining the majority of entertainment companies, including AT&T Inc (NYSE:T) WarnerMedia, Discovery Inc (NASDAQ:DISCA), Comcast Corp's (NASDAQ:CMCSA) NBCUniversal, and Paramount Global (NASDAQ:PARA), which have launched ad-supported tiers…

Deutsche Bank cut the price target on Burlington Stores, Inc. (NYSE: BURL) from $288 to $235. Burlington Stores shares fell 13% to close at $203.12 on Thursday.

Here's a roundup of top developments in the biotech space over the last 24 hours.

Gainers Statera Biopharma, Inc. (NASDAQ: STAB) rose 30.4% to $0.9520 in pre-market trading. Statera Biopharma recently submitted Phase 1 clinical trial protocol to the FDA for investigational treatment of long-haul COVID-19.

Gainers Indonesia Energy Corporation Limited (NASDAQ: INDO) shares climbed 39.3% to close at $20.20 on Thursday after jumping around 35% on Wednesday.

All Elite Wrestling President and CEO Tony Khan announced Wednesday night he has acquired Ring of Honor from Sinclair Broadcast Group Inc (NASDAQ: SBGI).

Some long-term valuation models are projecting negative overall returns for the S&P 500 over the next decade. Analysts are expecting rising interest rates to weigh on earnings growth, so companies may start turning to more aggressive share buybacks to boost EPS.