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Pfizer, BioNTech's COVID-19/Flu Combo Vaccine Fails To Meet Key Goal In Late-Stage Study
On Friday, Pfizer Inc. (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) released topline results from the Phase 3 trial of the combined mRNA vaccine candidate against influenza and COVID-19 in healthy individuals 18-64 years of age. The combination candidate comprises Pfizer’s mRNA-based influenza vaccine candidate with the companies’ licensed COVID-19 vaccine. The Phase 3 trial measured two primary immunogenicity objectives (immunogenicity against SARS-CoV-2 and immunogenicity against influenza A and B), of which one was met. Also Read: Struggling COVID-19 Vaccines From AstraZeneca, BioNTech/Pfizer, Moderna Cut Incidence Of Arterial Thromboses That Cause Heart Attacks, Strokes, British Study Shows. Compared to a licensed influenza vaccine, the trivalent (tIRV) formulation demonstrated...
Home Prices To Drop 1.7% In 2024–'Not Enough,' Realtor Says In New Prediction Report
The housing market, which has been grappling with affordability challenges not seen since the early 1980s, may begin to ease later this year – but not enough to make a real impact for most buyers, according to a new forecast from Realtor.com. Don't Miss: Miami is expected to take New York's place as the U.S. Financial Capital. Here's how you can invest in the city before that happens. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. A billion-dollar investment strategy with minimums as low as $10 — you can become part of...
Oil Prices Drop As Gaza Ceasefire Talks Progress, China Releases Weak Economic Data
Oil prices, tracked by the United States Oil Fund (NYSE:USO), dropped sharply Friday morning, with West Texas Intermediate (WTI) light crude futures falling 3% below $76 per barrel at 8:00 a.m. in New York, as traders reacted to developments in Gaza ceasefire negotiations and disappointing economic data from China. Talks between Israel and mediators began on Thursday and negotiators are set to reconvene in Doha, Qatar, on Friday to work towards a Gaza ceasefire agreement, which could help prevent further regional escalation, Reuters reported. Hamas officials, who have accused Israel of stalling, did not attend Thursday’s talks. Mediators planned to consult with...
These Analysts Boost Their Forecasts On Deere Following Upbeat Earnings
Deere & Co (NYSE:DE) reported better-than-expected third-quarter results and reaffirmed its net income 2024 outlook on Thursday. The company's net sales and revenue declined 17% year-over-year to $13.152 billion, beating the consensus of $10.944 billion. Deere clocked an EPS of $6.29, down from $10.20 YoY, beating the consensus of $5.85. During the quarter, the company initiated involuntary employee-separation programs across several regions, aiming to streamline operations. The programs incurred $124 million in pretax expenses, with an estimated total of $150 million. Deere reaffirmed its 2024 net income outlook of $7.00 billion. Deere expects 2024 Production & Precision Ag net sales to decline by...
Roper Strengthens Campus Solutions Offering with $1.5B Transact Buyout: Details
Roper Technologies, Inc. (NASDAQ:ROP) has agreed to acquire Transact Campus, Inc. for a net purchase price of $1.5 billion, which includes a $100 million tax benefit from the transaction. The net purchase price is about 14 times the projected 2025 EBITDA, the company said on Thursday. Transact provides campus technology and payment solutions and offers services like campus ID software, tuition payment processing, and point-of-sale systems. The company will merge with Roper’s CBORD business, which provides similar solutions to healthcare, education, and K-12 institutions. The transaction is set to close in this quarter, with Roper funding the acquisition through its cash reserves and revolving...
Disney Park Prices Skyrocket, New Attractions Promise More Value
Walt Disney Co (NYSE:DIS) recently announced a substantial lineup of projects for its parks and cruises, presenting these plans to 12,000 of its most loyal fans. Despite the excitement surrounding these new offerings, the rising costs associated with a Disney trip have left many families needing help to afford the experience, especially in the current global inflation climate. In an interview with CNN, Josh D’Amaro, Chairperson of Walt Disney Parks and Resorts, emphasized that the company will continue to offer as much access and flexibility as possible to ensure that a broad range of fans can experience the parks. Also Read: Disney Leverages...
How To Earn $500 A Month From Estée Lauder Stock Ahead Of Q4 Earnings
The Estée Lauder Companies Inc. (NYSE:EL) is expected to release earnings results for its fourth quarter, before the opening bell on Monday, Aug. 19. Analysts expect the New York-based company to report quarterly earnings at 27 cents per share, up from 7 cents per share in the year-ago period. Estée Lauder is projected to post revenue of $3.83 billion. It reported $3.63 billion a year earlier, according to data from Benzinga Pro. With the recent buzz around Estee Lauder, some investors may be eyeing potential gains from the company's dividends. As of now, Estee Lauder has a dividend yield of 2.77%. That’s...
Florida Ruling Upholds GSK's Stance On Once Popular Heart Burn Drug Zantac Not Being Associated With Cancer Risk
In a significant legal win for GSK plc (NYSE:GSK), on Friday, a Florida State Court ruled in favor of the pharmaceutical giant, excluding the plaintiff’s expert testimonies that claimed ranitidine, a drug once sold under the Zantac brand, was a significant risk factor for prostate cancer. The court deemed the expert testimony unreliable, reinforcing the broader scientific consensus that ranitidine does not pose a consistent or reliable cancer risk. This decision aligns with a December 2022 ruling by Judge Rosenberg in the federal multidistrict litigation (MDL), which also dismissed expert evidence brought by plaintiffs alleging a link between ranitidine and several cancers,...
Carrier Global Sells Commercial And Residential Fire Business For $3B, Proceeds To Be Utilized For Stock Buybacks
Carrier Global Corporation (NYSE:CARR) disclosed on Thursday its plan to sell Commercial and Residential Fire business to an affiliate of Lone Star Funds for $3 billion. The sale of Carrier’s Commercial and Residential Fire business is a key step in its portfolio transformation following the January acquisition of Viessmann Climate Solutions and the divestiture of its Industrial Fire and Global Access Solutions units. The transaction, expected to close by the end of 2024, is subject to regulatory approvals and standard conditions. Following its acquisition of Viessmann Climate Solutions, Carrier has cut its net debt by over $5 billion, including through last week’s debt...
Startups Battle For Top Honors At Benzinga Competition: Who Won The $2,500 Grand Prize?
In a recent virtual event, Benzinga's Startup Spotlight allowed four emerging startups to present their ideas for a $2,500 prize in a high-stakes competition. This showcase brought together innovative entrepreneurs and a panel of seasoned investors, offering a platform for these startups to pitch their concepts and vie for financial backing and industry recognition. Here’s What They Had To Offer Nik Hulewsky and Chris Koerner from Cofounders.com served as judges for the event, and Caroline Strzalka, co-founder and COO of Overplay, started the presentations. She introduced her platform, which converts videos into interactive games. “Our tool makes it possible for users to create...
FDA Approves AstraZeneca's Blockbuster Cancer Drug, Imfinzi, In Combination With Chemo For Non-Small Cell Lung Cancer
Friday, the FDA approved AstraZeneca Plc’s (NASDAQ:AZN) Imfinzi (durvalumab) in combination with chemotherapy for adult patients with resectable early-stage non-small cell lung cancer (NSCLC) and no known epidermal growth factor receptor mutations or anaplastic lymphoma kinase rearrangements. In this regimen, patients are treated with Imfinzi in combination with neoadjuvant chemotherapy before surgery and as adjuvant monotherapy after surgery. The FDA approval was based on the pivotal AEGEAN trial results published in The New England Journal of Medicine in October 2023. Also Read: AstraZeneca’s Blockbuster Cancer Drug Imfinzi Flunks As Follow-Up In Type Of Early-Stage Lung Cancer, But Hits Primary Goal In Phase 3 Bladder Cancer Study. Results from a planned interim...
What's Going On With Rocket Lab Stock Today?
Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are trading higher in the premarket session on Friday. According to Benzinga Pro, RKLB stock has gained over 19% in the past six months. Investors can gain exposure to the stock via Procure Space ETF (NASDAQ:UFO) and SPDR S&P Kensho Final Frontiers ETF (NYSE:ROKT). Today, the company said it has successfully packed and shipped two Mars-bound spacecraft to Cape Canaveral, FL, in readiness for launch. These twin spacecraft, part of the Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) heliophysics mission, were designed, built, integrated, and tested by Rocket Lab for the University of California Berkeley’s Space Science Laboratory and...
Mark Cuban Says He Would Have Used A 'Magic Wand' To 'Get Rid' Of Both GOP And Democratic Party, Considers Potential Antitrust Lawsuits Against Both Parties
Billionaire investor and “Shark Tank” star Mark Cuban has called for a radical transformation of the U.S. political landscape. Cuban expressed his wish to dismantle the entrenched two-party system, criticizing its divisive nature and the extreme-leaning primary system.s What Happened: The interview with Bloomberg, originally recorded in March and published on Thursday, saw Cuban voicing his concerns about the current U.S. political system. He pointed out that the primary system tends to favor extremes, forcing candidates to adopt similar stances to avoid being ousted in primaries, Business Insider reported on Friday. “If I could wave the magic wand, I’d get rid of...
Top 3 Tech Stocks That May Plunge In August
As of Aug 16, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list...
This Cisco Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. HSBC analyst Stephen Bersey upgraded the rating for Cisco Systems, Inc. (NASDAQ:CSCO) from Hold to Buy, while raising the price target from $46 to $58. Cisco shares gained 6.8% to close at $48.53 on Thursday. See how other analysts view this stock. Williams Trading analyst Sam Poser upgraded NIKE, Inc. (NYSE:NKE) from Sell to Buy and boosted the price target from $67 to $93. Nike shares gained 5.1% to close at $82.50...
Alaska Air Stock Forms Death Cross: Is Turbulence Ahead For ALK?
Alaska Air Group Inc. (NYSE:ALK) stock just hit a technical milestone that no investor wants to see: a Death Cross. This ominous indicator occurs when the 50-day simple moving average (SMA) crosses below the 200-day SMA, signaling a potential continuation of the stock's downward trajectory. Alaska Air stock is already down 7.93% year-to-date and 20.83% over the past year, and this latest development could mean the skies are about to get even rougher. Chart created using Benzinga Pro Rough Skies: The Technical Picture The Death Cross is a widely recognized bearish signal, and for Alaska Air, it's particularly concerning given the stock's recent performance....
Madison Square Garden Q4: Topline Growth, Events And Merchandise Lead Charge
Madison Square Garden Entertainment Corp (NYSE:MSGE) stock gained after it reported its fiscal fourth-quarter results. Revenue rose 26% year-on-year to $186.1 million, beating the analyst consensus estimate of $169.6 million. Adjusted EPS loss of $(0.53) missed the analyst consensus loss estimate of $(0.52). Also Read: Madison Square Garden Has Room For ‘Robust Growth’ Thanks To Concert Lineup, Christmas Spectacular: Analyst Revenues from entertainment offerings rose 20% year-on-year to $142.9 million, led by higher event-related revenues and revenues subject to the sharing of economics with MSG Sports under the Arena License Agreements. Food, beverage, and merchandise revenues increased 48% year-on-year to $34.7 million, aided by higher food and beverage sales at Rangers and Knicks games...
Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 5% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector. Simon Property Group, Inc. (NYSE:SPG) Dividend Yield: 5.19% Stifel analyst Simon Yarmak maintained a Buy rating and raised the price target...
Applied Materials, Amcor, RLX Technology And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were mixed this morning, with the S&P 500 futures falling around 0.1% on Friday. Shares of Applied Materials, Inc. (NASDAQ:AMAT) declined in today's pre-market trading following third-quarter results. Applied Materials reported third-quarter revenue of $6.78 billion, beating the consensus estimate of $6.673 billion. The chip equipment company reported adjusted earnings of $2.12 per share, beating analyst estimates of 2.02 per share. Applied Materials anticipates fourth-quarter revenue of $6.53 billion, plus or minus $400 million, versus estimates of $6.91 billion. The company expects fourth-quarter adjusted earnings to be between $2 and $2.36 per share, versus estimates of $2.14 per share. Applied Materials...
Bitcoin Spot ETFs See Muted Inflows As Negative Funding Rates Signal Bearish Sentiment
In a sign of cautious investor sentiment, Bitcoin (CRYPTO: BTC) spot ETFs experienced modest net inflows on Aug. 15, totaling just $11.1 million. What Happened: This muted enthusiasm comes as funding rates for Bitcoin futures on major exchanges turn negative, potentially signaling bearish short-term market sentiment. The Grayscale Bitcoin Trust (OTC:GBTC), the largest Bitcoin ETF by assets under management, saw outflows of $25 million. However, these were offset by inflows into other products, with Fidelity‘s (BATS:FBTC) ETF attracting $16.2 million and Grayscale‘s mini Bitcoin ETF seeing inflows of $13.6 million, according to data from SoSo Value. On the Ethereum front, spot ETFs faced...
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