SAN DIEGO - Viking Therapeutics, Inc. (NASDAQ: NASDAQ:VKTX), a biopharmaceutical company specializing in metabolic and endocrine disorders, has priced an underwritten public offering of 6,471,000 shares of common stock at $85.00 each. The transaction is expected to yield approximately $550 million before fees and expenses, with a closing date anticipated around March 4, 2024. The...
(Reuters) - Anheuser-Busch Inbev and the Teamsters union said on Wednesday they have reached a 5-year tentative agreement that would avert a strike at the world\'s largest brewer\'s U.S. facilities. Union members will receive wage increases of $8/hour, including an immediate $4/hour raise in the first year, along with a $2,500 ratification bonus for all...
-- Most Asian stocks moved in a flat-to-low range on Thursday in anticipation of more cues on U.S. interest rates from key inflation data, while Chinese markets rebounded from heavy losses in the prior session. Regional markets tracked a middling overnight session on Wall Street, while U.S. stock futures fell in Asian trade as several...
SINGAPORE (Reuters) - Frenetic activity in bitcoin put it on course for its biggest monthly gain in more than three years on Thursday and it is within range of a record high as cash rushing to listed bitcoin funds propels a sweeping rally. The largest cryptocurrency by market capitalisation was steady in Asia morning trade...
-- Hong Kong shares of Chinese search engine giant Baidu Inc (NASDAQ:BIDU) fell on Thursday as an increase in its quarterly revenue was largely overshadowed by higher AI-related expenses and a sharp drop in its profit. Baidu’s Hong Kong shares (HK:9888) fell 6.6% to a two-week low of HK$99.60. The firm’s American Depository Receipts (ADR)...
-- Alibaba Group\'s (NYSE:BABA) Hong Kong shares fell on Thursday after the firm’s cloud unit slashed prices across most of its products, citing plans to increase access to artificial intelligence development in China. Alibaba’s Hong Kong shares (HK:9988) fell 2.3% to HK$72.55, lagging 0.1% decline in the broader Hang Seng index. The firm’s cloud unit...
- Dollar Tree (NASDAQ: DLTR) reported fourth quarter EPS of $2.66, in line with the analyst estimate of $2.66. Revenue for the quarter came in at $8.65B versus the consensus estimate of $8.66B. Dollar Tree\'s stock price closed at $146.14. It is up 15.85% in the last 3 months and down -0.31% in the last...
- NetEase (NASDAQ: NTES) reported fourth quarter EPS of ¥12.35, ¥0.20 better than the analyst estimate of ¥12.15. Revenue for the quarter came in at ¥28.33B versus the consensus estimate of ¥28.07B. NetEase\'s stock price closed at ¥112.28. It is up 2.65% in the last 3 months and up 31.18% in the last 12 months....
-- The Securities and Exchange Commission (SEC) is investigating whether OpenAI investors were misled in the wake of the AI firm’s recent leadership overhaul, the Wall Street Journal reported on Thursday citing people familiar with the matter. The regulator is specifically looking into internal communications involving CEO Sam Altman, and had also sent a subopena...
-- Australia’s ASX 200 index reversed early losses to hit a record high on Thursday, buoyed chiefly by month-end positioning in index heavyweight stocks after losses earlier in February. The ASX 200 rose 0.6% to a record high of 7,703.80 points, trading slightly below that level at the end of trade for the day. Thursday’s...