-- U.S. stock index futures rose in evening deals on Monday, buoyed chiefly by positive, AI-fueled earnings from cloud giant Oracle, although caution ahead of key inflation data kept gains limited. Oracle Corporation (NYSE:ORCL) helped inspire gains in other technology stocks, especially after a muted session on Wall Street drummed up concerns that a rally...
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PURCHASE, N.Y. - Cognition Therapeutics, Inc. (NASDAQ:CGTX), a clinical-stage biopharmaceutical company, has announced the pricing of its underwritten public stock offering. The company has set the price at $1.75 per share for 6,571,428 shares. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 985,714 shares under the same...
LOUISVILLE, Ky. - Humana Inc . (NYSE: NYSE:HUM), a health insurance company, has announced the pricing of its public offering of senior notes totaling $2.25 billion. The offering is divided into two tranches: $1.25 billion in 5.375 percent senior notes due 2031 and $1 billion in 5.750 percent senior notes due 2054. The transaction is...
ST. PAUL – Patterson Companies, Inc. (NASDAQ:PDCO), a provider of products and solutions to dental and animal health markets, has announced a new share repurchase program. The Board of Directors approved the buyback of up to $500 million of the company\'s common stock, set to continue through March 16, 2027. This new repurchase authorization replaces...
HICKSVILLE, N.Y. - New York Community Bancorp , Inc. (NYSE: NYSE:NYCB), parent company of Flagstar Bank, N.A., has announced the completion of a significant equity investment totaling approximately $1.05 billion. The investment comes from a group of strategic investors including Liberty Strategic Capital, funds managed by Hudson (NYSE:HUD) Bay Capital Management, funds managed by Reverence...
By Jonathan Stempel NEW YORK (Reuters) -Walgreens has settled charges by New York Attorney General Letitia James that it grossly inflated prices on at least 20 infant formula products after a recall by Abbott Labs (NYSE:ABT) led to a nationwide shortage in early 2022. The largest U.S. pharmacy chain did not admit or deny wrongdoing...
By Marc Jones LONDON (Reuters) -Paris\' \"lean\" Olympics are unlikely to do any lasting damage to France\'s finances, thanks to 95% of its venues either already being built or needing only minor refurbishment, credit rating agency S&P Global estimated in a report on Monday. The near 9 billion euro, or $10 billion, budget to host...
-- J.P. Morgan analysts encouraged investors to adopt a defensive stance towards stock markets, citing \"early signs of exhaustion” in a recent risk-on rally and the growing risk of a sharp correction in equities. While analysts noted that investor optimism remained high over a “better-than-goldilocks” outcome for the economy, market positioning now appeared skewed towards...
U.S. cryptocurrency exchange Coinbase experienced technical issues on Tuesday for a few hours as Bitcoin surged to an all-time high of $69,000. On Wednesday Asia time Bitcoin was trading down 7% at $63,000. In response to these issues, Coinbase continued to update and reassure its users throughout the recent outage: “We are aware that some...