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The Latest Breaking News from RBC

Investors take a bite out of Pets at Home shares after broker downgrade

Retailer takes the biggest tumble on the FTSE 250 as outlook darkens after lockdown sales boom

Evening Standard

RBC Capital Says This Dystrophy Stock 'Is Worth A Look'

RBC Capital says Edgewise Therapeutics Inc's (NASDAQ:EWTX) interim results from the ARCH study of EDG-5506 in Becker Muscular Dystrophy (BMD) improve reward/risk into October functional readout at 15 mg, which can help further de-risk the asset into the phase 2 BMD and Duchenne muscular dystrophy (DMD) studies. The analysts believe stable patient NSAAs in October…

Benzinga

Galapagos Bets €225M On CellPoint Marking Its Entry Into CAR-T Field

Galapagos (NASDAQ:GLPG) agreed to acquire CellPoint and AboundBio in an all-cash transaction propelling into next-generation cell therapy while significantly broadening its portfolio and capabilities. Galapagos will pay an upfront amount of €125 million for CellPoint, an additional €100 million to be paid upon achieving certain milestones, and $14 million for AboundBio. Galapagos said…

Benzinga

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Deputy PM: Russia Has No Need to Cut Oil Output

Russia has no need to cut its oil output in response to the European Union's embargo, Deputy Prime Minister Alexander Novak told RBC business channel on Thursday. According to Reuters, he earlier said he expected Russia's annual oil production for 2022 would be about 500 million tons, down from 524…

Asharq Al-Awsat

Sanctions-hit Kremlin stages 'Russian Davos' bereft of elite, Putin speaks Friday

Russia for years hosted world leaders and business titans at its annual economic forum in St Petersburg, but the "Russian Davos" will see little of the global financial elite this year with Moscow isolated by sanctions over its actions in Ukraine.

Reuters

Dustin Johnson's PGA U-turn leaves global men's game in sorry state - Nick Rodger

YOU may have noticed the other week that a morning breakfast show on the tele wheeled out good old Jimmy Tarbuck for his insight, expertise and…

The National (Scotland)

‘No presumption of success’: South Carolina Democrats ready to defend early presidential primary date

WASHINGTON — A potential shakeup to the Democratic presidential nominating process could give South Carolina a rare chance to move up the party’s primary calendar and boost its standing with future White House candidates.

McClatchy Washington Bureau

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Brennan: Will the USGA go morally bankrupt and allow Dustin Johnson to play the U.S. Open? Mum’s the word

The game of golf has told us forever that it is built on the pillars of honor and dignity, sportsmanship and fair play.

USA Today Sports Media Group

Graeme McDowell loses lucrative sponsorship deal after joining Saudi backed LIV event

McDowell and World number 13 Dustin Johnson have both lost their lucrative deals with the Royal Bank of Canada as golf's civil war escalates

Belfast Live

Graeme McDowell on 'scary' consequences of playing controversial event as he loses sponsor

The Portrush native will play in the Saudi-backed LIV Golf Invitational Series

Irish Mirror

Johnson Loses Major Sponsorship Due To LIV Golf Decision

The two-time major champion made a decision that was “too compelling to pass up.”

Sports Illustrated

McIlroy dismisses Saudi Arabia-backed opener as not a ‘proper tournament’

Rory McIlroy has taken a swipe at the first LIV event, while one sponsor has dropped two participants, Dustin Johnson and Graeme McDowell

The Guardian - UK

SI:AM | Dustin Johnson Goes Rogue

He was the biggest surprise on the list of names released for LIV Golf’s inaugural event.

Sports Illustrated

RBC Capital Slashes Verrica's Price Target After Third Rejection - What's Next?

Verrica Pharmaceuticals Inc (NASDAQ:VRCA) was slapped with a third FDA rejection for YCANTH (VP-102) as general contract manufacturing organization challenges continue to plague the approval. RBC Capital Markets has downgraded the stock to Sector Perform from Outperform and lowered the price target from $16 to $4. The analysts note that the issues fall outside of…

Benzinga

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Benzinga

RBC Capital Sees Meaningful M&A Execution For This Critical Care-Focused Stock

Teleflex Inc (NYSE: TFX) hosted its Investor Day and issued plans for 2023-2025. RBC Capital Markets believe TFX is a stronger company delivering stable revenue growth in the M-HSDs, margin expansion, double-digit EPS growth, and strong FCF.

Benzinga

Ahead Of Upcoming Data On Three Programs, Analysts Remain On Sidelines For Wave Life Sciences

RBC Capital writes that Wave Life Sciences Ltd's (NASDAQ: WVE) Q1 earnings are largely incremental.

Benzinga

Why This Analyst Has 'Little Conviction' On CRISPR's Upcoming Trial Data

RBC Capital Markets says it remains on the sidelines given commercial uptake for CRISPR Therapeutics' (NASDAQ: CRSP) sickle cell disease (SCD)/beta-thalassemia (BT) capped by preconditioning and has little conviction in BCMA/CD70 data within weeks. The analysts lowered its price target to $85 from $95 to reflect higher Opex, with a Sector Perform rating. As recently…

Benzinga

RBC Capital: What To Expect When Bausch Health Companies Reports Q1 Tomorrow

RBC Capital Markets expects Bausch Health Companies Inc (NYSE: BHC) Q1 FY22 revenue of $2.02 billion (previous $2.04 billion; consensus $2.05 billion) and adjusted EBITDA of $799 million (previous $816 million; consensus $819 million).

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Benzinga

RBC Expects Business Development To Unlock This Pharma Stock's Balance Sheet Value

RBC Capital Markets views Galapagos' NV (NASDAQ: GLPG) Q1 Jyseleca revenues in line as the story focuses on whether new leadership can unlock value from GLPG's ample balance sheet.

Benzinga

Here's Why RBC Capital Raised Price Target On Cigna

Cigna Corp (NYSE:CI) posted 1Q22 adjusted EPS well above expectations on enterprise-wide growth, with a particularly solid performance in specialty pharmacy and better than expected MCR on lower testing and treatment costs. The company raised FY22 guidance on 1Q outperformance. The analysts raised the price target to $272 from $235, with a Sector Perform rating. …

Benzinga

Why This Analyst Thinks Tabula Rasa's Divestiture Plans 'An Important Step'

RBC Capital Markets believe that the market has been assigning little-to-no value to Tabula Rasa HealthCare Inc's (NASDAQ: TRHC) MedWise, which has been burning cash and clouding, a strong core PACE business.

Benzinga

Analysts Expect Clarity Imminent On Intercept's NASH Story

RBC Capital Markets writes that following the Advanz deal, Intercept Pharmaceuticals Inc (NASDAQ:ICPT) should be well-capitalized into make-or-break upcoming readouts for obeticholic acid (OCA) in NASH, with REGENERATE re-analyses on deck, REVERSE reading in the next quarter. The analysts say it remains challenging to get visibility on how the efficacy/safety analyses will look,…

StockNews.com

Fresh Government Contracts Should Give Palantir Stock a Boost

Even though the momentum of Palantir Technologies (PLTR) stock has been to the downside, contrarian tech investors should seize the opportunity to grab some shares.

Benzinga

Here's Why This Analyst Cut Price Target On Regeneron

RBC Capital Markets has lowered Regeneron Pharmaceuticals Inc's price target (NASDAQ:REGN) from $679 to $647 and maintained a Sector Perform rating. Checks suggest that Dupixent (dupilumab) growth/durability should remain strong in new and existing indications, maintaining positive sentiment. The analysts also believe that the concerns about near-term Eylea competition may be overblown. However, high-dose…

Benzinga

Why RBC Capital Sees 'Multiple High-Risk' On This Neurology-Focused Stock

RBC Capital Markets writes that Prothena Corporation plc (NASDAQ: PRTA) believes that the recent stock downside provides an entry point and that progress with the programs and improved sentiment in the space could drive appreciation.

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