Biogen tops earnings expectations, but still has some longer-term issues to address

Shares of Biogen Inc. gained 4.5% in Tuesday intraday trade, after the company reported second-quarter results that surpassed analysts’ expectations and announced that it would be raising its full-year forecast. Revenue for the latest quarter grew 8% to $3.62 billion in the year-earlier quarter, bolstered by sales of key drugs Tecfidera and Spinraza. FactSet analysts had predicted revenue of $3.48 […]

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Trump agrees to ‘timely’ decisions on licensing U.S. companies to resume Huawei sales

WASHINGTON — President Donald Trump agreed Monday to grant timely licensing decisions to U.S. technology companies that want to continue lucrative sales to Huawei Technologies Co., as the administration seeks to restart trade talks with China. The White House made the announcement after a meeting Trump held with chief executives from seven major chip makers and technology companies, including Qualcomm […]

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U.S. drug-overdose deaths appear to have dipped below 70,000 in 2018: CDC

NEW YORK (AP) — U.S. overdose deaths last year likely fell for the first time in nearly three decades, preliminary numbers suggest. The Centers for Disease Control and Prevention on Wednesday posted data showing nearly 68,000 drug overdose deaths were reported last year. The number may go up as more investigations are completed, but the agency expects the tally will […]

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Snap earnings: Well, this could be a doozy of a conference call

When Snap Inc. last reported earnings, the biggest concerns were the redesign of Snapchat and a declining user base. Ah, what an innocent time. In just the first month of 2019, Snap SNAP, +0.29% experienced two controversial executive departures that have raised questions about stability at the young app company. The new, high-profile chief financial officer — Tim Stone, who was […]

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Goldman Sachs downgrades Levi Strauss, Ralph Lauren and Calvin Klein parent PVH on department store concerns

Concerns about the wholesale channel sparked downgrades of Levi Strauss & Co. LEVI, -6.05% Ralph Lauren Corp RL, -3.85% and Calvin Klein parent PVH Corp. PVH, -3.32% at Goldman Sachs. The downgrades sent each of the apparel stocks down, with Levi Strauss tumbling 4%, Ralph Lauren falling 3.7% and PVH down 3.4% in Wednesday trading. Goldman expects headwinds for the […]

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J&J beats Wall Street expectations for second-quarter earnings, boosts guidance

Shares of Johnson & Johnson rose 0.5% in premarket trade Tuesday after the company reported second-quarter earnings and revenue that soundly beat Wall Street expectations. J&J’s JNJ, +0.31% profit JNJ, +0.31%for the latest quarter rose 42% to $5.607 billion, or $2.08 per share, from $3.954 billion, or $1.45 per share, a year ago, lifted by a pretax gain of $2 billion […]

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Grocery Outlet’s off-price model is poised for growth — as long as the shelves stay stocked

Grocery Outlet Holding Corp. is poised for growth, according to Morgan Stanley analysts led by Simeon Gutman, as long as the off-price grocer can keep goods on the shelves. Morgan Stanley was among at least four analyst initiations for Grocery Outlet GO, +4.64%  on Monday; analysts there rate the stock equal-weight with a $30 price target. Grocery Outlet shares began […]

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